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Average house price in Wales now £145,000

The average house price in Wales now stands at £145,000, according to figures from the Office for National Statistics.

Wales saw house prices increase by 2.7 per cent in the 12 months to August, while the average UK house price increased by 8.4 per cent to £219,000.

Wales saw house prices increase by 2.7 per cent to stand at £145,000. Credit: Chris Ison/PA Wire

The ONS said the latest figures continued "the strong growth seen since the end of 2013".

But estate agent Jeremy Leaf, former chairman of the Royal Institution of Chartered Surveyors, said the "real test" for the market following the vote to leave the EU will come over the next few months.


Cap on rail fares announced for passengers in Wales

Credit: Lynne Cameron/PA Wire

The Welsh Government has announced that regulated rail fares in Wales will not rise above the rate of inflation until at least October 2018.

This means that from January 2017 the maximum increase that Arriva Trains Wales can apply to regulated rail fares will be 1.9% - 0% above the Retail Price Index rate of inflation.

For 2017, we have again determined that capping fares at 0% above the rate of inflation is preferable – providing continuity to existing rail users and ensuring that travelling by train remain sattractive and affordable. Rail fare increases from January 2018 until the end of the current franchise in October 2018 will also be capped at the rate of inflation and not a penny more.

– Ken Skates AM, Economy and Infrastructure Secretary


Protests planned over changes to pension age for women

Protests have been planned at the Senedd today over changes to the state pension age for women.

Around 200,000 women in Wales could be affected by the changes. Credit: PA

In 1995, plans were published to increase the State Pensionable Age to 65 for all women born in the 1950s.

Campaigners claim that around 200,000 women in Wales will be affected by the increase.

By 2018 women will have to be 65 to receive the state pension - two years earlier that originally planned. In 2020, both women and men will have to be 66 to receive their pensions.

House prices 'rising in Wales'

Credit: Andrew Matthews/PA Wire

The Royal Institution of Chartered Surveyors (RICS) says the UK's housing market confidence is picking up following the vote to leave the EU with both property sales and prices expected to increase in the months ahead.

It says in Wales, a net balance of 13% of surveyors reported prices rising rather than falling.

There are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum. Buyer enquiries did dip again in August but only modestly, and more significantly, sales expectations are beginning to edge upwards once again

– Simon Rubinsohn, RICS Chief Economist
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