House Prices in Wales

House prices in Wales are a hot topic at the moment; with the abolishment of the Severn Bridge tolls due on the 17th December, house prices in Newport and surrounding areas have increased in the past couple of months.

This is a trend that according to an article by ITV News will continue. House prices in Wales are predicted to rise by 19.3% in the next 5 years (1).   

Principality Building Society has also released their quarter 3 for 2018 house price index for Wales. The index shows that Newport is 1st on the list of local authorities for the highest average quarterly change with Cardiff, Monmouthshire and Torfaen coming in at 2nd, 3rd and 4th respectively (2).

It was also confirmed that in September 2018, the average house price in Wales reached an all time high at £184,772. 

REFERENCES

  1.   https://www.itv.com/news/wales/2018-11-02/house-prices-in-wales-predicted-to-increase-by-20-in-next-five-years/
  2. – https://www.principality.co.uk/en/mortgages/House-Price-Index