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House prices rise in Wales

The average house price in Wales is about £150,000 Credit: Howard Brundrett/Eye Ubiquitous/Press Association Images

House prices are up, a little, in Wales.

Official figures show, in the year up to January, the average price here rose by just under 14 hundred pounds to just over 1 hundred and 50 thousand.

The average price of a house, across the UK, now stands at almost 1 hundred and 80 thousand pounds but that excludes London and the South East of England.

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House prices fall in Wales - as they rise for UK

A woman looking at houses
There were fewer house sales in the autumn of 2012, with the Olympics labelled as a distraction Credit: David Cheskin / PA Wire / Press Association Images

House prices fell further in Wales than any other part of the UK in November, according to official figures released today. They show a 1.6% drop here month-on-month, taking the average price to £115,202. That's 0.9% lower than a year before.

The figures show prices struggling in Wales in comparison with the rest of the UK. House prices increased by a UK-wide average of 0.3% in November, to reach £161,490 - that's 0.9% higher than at the same time last year.

Increased confidence in housing market

House prices
Enquiries from would-be house-buyers rose for the second month in a row Credit: Paul Faith / PA Wire / Press Association Images

Confidence in the housing market continues to grow in Wales, according to the latest survey from the Royal Institute of Chartered Surveyors. Last month's figures show a rise in potential buyers and a drop in house prices. But experts say many are still struggling to get mortgages.

House prices fall back again, report says

House prices fell by an average of £1,710 in Wales in just two months between December and February, according to the latest LSL Property Services / Acadametrics House Price Index.

Their report shows peaks and troughs, but house prices are now lower than they were last March:

  • March 2011 - £152,661
  • June 2011 - £149,014
  • October 2011 - £154,954
  • December 2011 - £153,696
  • February 2012 - £151,986

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Welsh house prices fall

The average asking price for a house in Wales is now £23,000 lower than its peak, in August 2007.

Asking prices across the UK as a whole are at a record high, according to the Rightmove House Price Index. However they are continuing to fall here.

  • Year-on-year, house prices in Wales have fallen by 1.5%
  • The average asking prince in August 2007 was £188,113. Now it is £164, 943

Worries over house price rises

4 out of 10 people expect house prices to rise this year Credit: ITV News Wales

Home owners in Wales are the least optimistic in the UK about the prospect of house prices rising.

A survey by the Building Societies Association shows consumer optimism is growing but so are fears over job security.

Despite the lack of optimism people in Wales are the most keen to buy a house.

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