1. Headline statistics for July 2023
The typical worth of a property in Wales was £215,632
The annual worth change of a property for Wales was -0.1%
The month-to-month worth change of a property for Wales was 1.1%
The index determine for Wales (January 2015 = 100) was 158.4
Estimates for the latest months are provisional and are more likely to be up to date as extra information is integrated into the index. Learn the revision policies.
Subsequent publication of UK HPI
The August 2023 UK HPI will likely be revealed at 9.30am on Wednesday 18 October 2023. See the calendar of release dates for extra data.
2. Financial assertion
Common home costs in Wales decreased by 0.1% within the 12 months to July 2023. This was down from 0.5% within the 12 months to June 2023 and was slower than the typical UK home worth annual inflation of 0.6% within the 12 months to July 2023.
On a non-seasonally adjusted foundation, common home costs in Wales elevated by 1.1% between June 2023 and July 2023, in contrast with a rise of 1.7% throughout the identical interval 12 months in the past. On a seasonally adjusted foundation, common home costs in Wales elevated by 0.6% between June 2023 and July 2023.
Evaluating the provisional UK HPI volume estimate for May 2022 with the provisional UK HPI estimate for Might 2023, the amount of transactions decreased by 17.9% in Wales and by 17.7% within the UK.
In Wales, half of the 22 native authority areas confirmed a rise in common home costs within the 12 months to July 2023. Merthyr Tydfil confirmed the best annual share change, rising by 10.6% to £163,000 within the 12 months to July 2023. In distinction, Isle of Anglesey confirmed the bottom annual share change, reducing by 6.7% to £226,000 within the 12 months to July 2023.
In Wales, indifferent homes confirmed the best annual inflation out of all property varieties, rising by 1.0% within the 12 months to July 2023 to £332,000. Terraced homes confirmed the bottom annual inflation, falling by 1.0% within the 12 months to July 2023, to a mean worth of £168,000.
As with different indicators within the housing market, which usually fluctuate from month to month, it is vital to not put an excessive amount of weight on one month’s set of home worth information.
3. Value change
3.1 Annual worth change
Annual worth change for Wales over the previous 5 years
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Annual-price-change-for-Wales-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Annual_price_change_for_Wales_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
In Wales, the typical worth decreased by 0.1% within the 12 months to July 2023, down from a mean worth enhance of 0.5% within the 12 months to June 2023.
Annual worth change by native authority for Wales
Low numbers of gross sales transactions in some native authorities can result in volatility within the collection.
Whereas we make efforts to account for this volatility, the change in worth in these native ranges may be influenced by the kind and variety of properties offered in any given interval.
Geographies with low variety of gross sales transactions needs to be analysed within the context of their longer-term traits quite than specializing in month-to-month actions.
| Native authorities | July 2023 | July 2022 | Distinction |
|---|---|---|---|
| Blaenau Gwent | £128,819 | £129,024 | -0.2% |
| Bridgend | £207,443 | £204,743 | 1.3% |
| Caerphilly | £180,824 | £183,502 | -1.5% |
| Cardiff | £263,035 | £256,812 | 2.4% |
| Carmarthenshire | £202,720 | £198,318 | 2.2% |
| Ceredigion | £251,955 | £243,530 | 3.5% |
| Conwy | £213,418 | £213,687 | -0.1% |
| Denbighshire | £200,325 | £199,504 | 0.4% |
| Flintshire | £215,126 | £209,071 | 2.9% |
| Gwynedd | £208,821 | £210,475 | -0.8% |
| Isle of Anglesey | £226,082 | £242,251 | -6.7% |
| Merthyr Tydfil | £162,694 | £147,162 | 10.6% |
| Monmouthshire | £357,560 | £339,239 | 5.4% |
| Neath Port Talbot | £164,486 | £161,095 | 2.1% |
| Newport | £236,791 | £231,275 | 2.4% |
| Pembrokeshire | £229,958 | £239,613 | -4.0% |
| Powys | £244,315 | £244,688 | -0.2% |
| Rhondda Cynon Taf | £156,068 | £156,147 | -0.1% |
| Swansea | £190,579 | £193,133 | -1.3% |
| Torfaen | £192,594 | £195,620 | -1.5% |
| Vale of Glamorgan | £317,046 | £303,848 | 4.3% |
| Wrexham | £198,073 | £203,917 | -2.9% |
| Wales | £215,632 | £215,929 | -0.1% |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-annual-price-change-by-local-authority-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_annual_price_change_by_local_authority_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
Common worth by native authority for Wales
In July 2023, the most costly space to buy a property was Monmouthshire, the place the typical price was £358,000. In distinction, the most affordable space to buy a property was Blaenau Gwent, the place the typical price was £129,000.
3.2 Common worth change by property kind
Common worth change by property kind for Wales
| Property kind | July 2023 | July 2022 | Distinction |
|---|---|---|---|
| Indifferent | £332,221 | £328,899 | 1.0% |
| Semi-detached | £209,275 | £209,450 | -0.1% |
| Terraced | £167,892 | £169,637 | -1.0% |
| Flat or maisonette | £134,704 | £135,850 | -0.8% |
| All | £215,632 | £215,929 | -0.1% |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-average-price-change-by-property-type-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_average_price_change_by_property_type_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
4. Gross sales volumes
The period of time between the sale of a property and the registration of this data varies. It sometimes ranges between 2 weeks and a pair of months however may be longer. Quantity figures for the latest 2 months should not but at a dependable degree for reporting, so they don’t seem to be included within the report. Revealed transactions for current months will enhance as later registered transactions are integrated into the index.
Gross sales quantity information can be accessible by property standing (new construct and present property) and funding standing (money and mortgage) in our downloadable data tables. Transactions involving the creation of a brand new register, similar to new builds, are extra advanced and require extra time to course of. Learn Revisions to the UK HPI data for extra data.
4.1 Gross sales volumes by native authority
Gross sales volumes for Wales by native authority
Evaluating the provisional quantity estimate for the present month with the revised quantity estimate for the corresponding month within the earlier yr
| Native authorities | Might 2023 | Might 2022 |
|---|---|---|
| Blaenau Gwent | 32 | 73 |
| Bridgend | 98 | 137 |
| Caerphilly | 99 | 218 |
| Cardiff | 191 | 367 |
| Carmarthenshire | 124 | 207 |
| Ceredigion | 51 | 67 |
| Conwy | 79 | 175 |
| Denbighshire | 51 | 133 |
| Flintshire | 117 | 184 |
| Gwynedd | 93 | 123 |
| Isle of Anglesey | 43 | 75 |
| Merthyr Tydfil | 24 | 58 |
| Monmouthshire | 66 | 91 |
| Neath Port Talbot | 112 | 162 |
| Newport | 86 | 172 |
| Pembrokeshire | 94 | 132 |
| Powys | 86 | 119 |
| Rhondda Cynon Taf | 173 | 299 |
| Swansea | 124 | 273 |
| Torfaen | 54 | 103 |
| Vale of Glamorgan | 67 | 161 |
| Wrexham | 50 | 128 |
| Wales | 1,914 | 3,457 |
Word: The ‘Distinction’ column has been faraway from this desk as the most recent month’s information should not but full.
Word: The variety of property transactions for Might 2023 will enhance as extra transactions are integrated into the index. See our Revisions Policy for extra data.
Evaluating the provisional UK HPI volume estimate for May 2022 with the provisional UK HPI estimate for Might 2023, quantity transactions decreased by 17.9% in Wales.
UK Property Transaction Statistics revealed by HM Income & Customs (which differ in protection however are extra full for this era) report that on a non-seasonally adjusted foundation, HMRC quantity transactions decreased by 27.9% in Wales within the 12 months to Might 2023.
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-sales-volume-by-local-authority-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_sales_volume_by_local_authority_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
4.2 Gross sales volumes
Gross sales volumes for Wales over the previous 5 years
| Date | Gross sales volumes for Wales |
|---|---|
| Might 2019 | 3,854 |
| Might 2020 | 1,576 |
| Might 2021 | 3,644 |
| Might 2022 | 3,457 |
| Might 2023 | 1,914 |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-number-of-sales-volume-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_number_of_sales_volumes_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this chart’s information</a> (CSV, 1KB)
5. Property standing
Transactions involving the creation of a brand new register, similar to new builds, are extra advanced and want extra time to course of. This implies they will take longer to look within the land registers. The quantity of latest construct transactions for the latest 2 months should not at a dependable degree for reporting the breakdown between new construct and present resold property, so they don’t seem to be included within the report.
New construct and present resold property for Wales
| Property standing | Common worth Might 2023 | Month-to-month change | Annual change |
|---|---|---|---|
| New construct | £319,587 | -0.2% | 14.2% |
| Current resold property | £207,864 | 1.4% | 1.3% |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-new-existing-build-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_new_existing_build_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
Word: Because the October 2017 launch, amendments have been made to our estimation mannequin when calculating our provisional estimate. Discover out additional data and the affect of this variation in methods used to produce the UK HPI.
6. Purchaser standing
First time purchaser and former proprietor occupier for Wales
| Sort of purchaser | Common worth July 2023 | Month-to-month change | Annual change |
|---|---|---|---|
| First time purchaser | £185,106 | 1.0% | -0.6% |
| Former proprietor occupier | £251,800 | 1.3% | 0.3% |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-first-time-buyer-and-former-owner-occupier-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_first_time_buyer_and_former_owner_occupier_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
7. Funding standing
Money and mortgage indicator for Wales
| Funding standing | Common worth July 2023 | Month-to-month change | Annual change |
|---|---|---|---|
| Money | £208,522 | 1.6% | -0.3% |
| Mortgage | £219,759 | 0.9% | -0.1% |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Wales-cash-and-mortgage-2023-07.csv?utm_medium=GOV.UK&utm_source=govuk&utm_campaign=Wales_cash_and_mortgage_2023_07&utm_term=20_09_23&utm_content=web_page”>Obtain this desk’s information</a> (CSV, 1KB)
8. Repossession gross sales quantity
On account of a interval of two weeks to 2 months between completion and registration of gross sales, repossession quantity figures for the latest 2 months should not but full, so they don’t seem to be included within the report.
Repossession gross sales quantity
| Nation | Repossession gross sales quantity Might 2023 |
|---|---|
| Wales | 3 |
<a rel=”exterior” href=”http://publicdata.landregistry.gov.uk/market-trend-data/house-price-index-data/Repossession-2023-07.csv?utm_medium=GOV.UK&utm_source=datadownload&utm_campaign=repossession&utm_term=9.30_20_09_23″>Obtain the info for England and Wales</a> (CSV, 7KB)
9. Entry the info
Download the data as CSV files or entry it with our UK HPI tool.
Information revisions
View any revisions to beforehand revealed information within the data downloads or discover out extra about revisions in our steering About the UK HPI.
10. In regards to the UK Home Value Index
The UK Home Value Index (UK HPI) is calculated by the Workplace for Nationwide Statistics and Land & Property Providers Northern Eire. Discover out concerning the methodology used to create the UK HPI.
Information for the UK Home Value Index is supplied by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.
Discover out extra about the UK House Price Index.
