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This publication is available at https://www.gov.uk/government/publications/uk-house-price-index-wales-april-2019/uk-house-price-index-wales-april-2019
1. Headline statistics for April 2019
the average price of a property in Wales was
the annual price change of a property for Wales was
the monthly price change of a property for Wales was
the index figure for Wales (January 2015 = 100) was
Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read the revision policies.
Next publication of UK HPI
The May 2019 UK HPI will be published at 9.30am on Wednesday 17 July 2019. See the calendar of release dates.
2. Economic statement
Wales house prices grew by 6.7% in the year to April 2019, up from 3.9% in the year to March 2019. This strengthening in the annual growth rate for Wales is due to both strong growth between March and April 2019 (2.4%) and falling prices (0.3%) between March and April 2018. Falling prices between March and April 2018 may be linked to Land Transaction Tax (LTT) replacing UK Stamp Duty Land Tax in Wales (SDLT) from April 2018. Land Transaction Tax is broadly consistent with SDLT however, the residential tax rates differ. Generally, for transactions between £125,000 and £400,000 LTT is lower than SDLT and from £400,000 it is higher than SDLT. Therefore, for relatively lower priced properties the tax would have been lower if the transaction was delayed until April 2018, being liable for LTT. For relatively higher priced properties, the tax would have been lower if the transaction was brought forward from April 2018, being liable for SDLT instead. A combination of these effects is likely to have lowered prices between March 2018 and April 2018. On a seasonally adjusted basis, average house prices in Wales increased by 1.4% between March 2019 and April 2019.
The Land Transaction Tax statistics showed that on a non-seasonally adjusted basis, in the 3 months to April 2019 the number of transactions on residential properties with a value of £40,000 or greater in Wales was 12,210. This is up 1.8% compared with the 3 months to April 2018 as published in UK Property Transaction Statistics. Some caution is advised in comparing the series over this period as slightly different methodologies may be applied by the different organisations.
In Wales, detached houses showed the biggest increase, rising by 7.4% in the year to April 2019 to £248,000. The smallest increase of all property types was flats and maisonettes, with an increase of 5.0% in the year to April 2019 to £115,000.
House prices have increased over the last year in all local authority areas. Blaenau Gwent showed the strongest growth, increasing by 17.0% to £99,000 in the year to April 2019.
As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.
3. Price change
3.1 Annual price change
Annual price change for Wales over the past 5 years
In Wales, the average price increased by 6.7% in the year to April 2019 (up from 3.9% in March 2019).
Annual price change by local authority for Wales
Low numbers of sales transactions in some local authorities can lead to volatility in the series.
While we make efforts to account for this volatility, the change in price in these local levels can be influenced by the type and number of properties sold in any given period.
Geographies with low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements.
|Local authorities||April 2019||April 2018||Difference|
|Isle of Anglesey||£172,829||£165,992||4.1%|
|Neath Port Talbot||£113,320||£110,518||2.5%|
|Rhondda Cynon Taf||£107,439||£100,975||6.4%|
|Vale of Glamorgan||£227,015||£221,704||2.4%|
Average price by local authority for Wales
In April 2019, the most expensive area to live in was Monmouthshire, where the cost of an average house was £260,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where an average house cost £99,000.
3.2 Average price change by property type
Average price change by property type for Wales
|Property type||April 2019||April 2018||Difference|
|Flat or maisonette||£115,025||£109,533||5.0%|
4. Sales volumes
The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent two months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.
Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.
4.1 Sales volumes by local authority
Sales volumes for Wales by local authority
|Local authorities||February 2019||February 2018|
|Isle of Anglesey||71||68|
|Neath Port Talbot||131||129|
|Rhondda Cynon Taf||228||215|
|Vale of Glamorgan||125||174|
Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.
The estimate for February 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for February 2019 will increase as more transactions are incorporated into the index.
Comparing the provisional volume estimate for February 2018 with the provisional estimate for February 2019, volume transactions increased by 1.4% in Wales.
UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, volume transactions increased by 3.2% in Wales in the year to February 2019.
4.2 Sales volumes
Sales volumes for Wales over the past 5 years
|Date||Sales volumes for Wales|
Download this chart’s data (CSV, 1KB)
5. Property status
Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent two months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.
New build and existing resold property for Wales
|Property status||Average price February 2019||Monthly change||Annual change|
|Existing resold property||£155,845||0.0%||4.0%|
Note: since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in methods used to produce the UK HPI.
6. Buyer status
First time buyer and former owner occupier for Wales
|Type of buyer||Average price April 2019||Monthly change||Annual change|
|First time buyer||£141,282||2.3%||6.4%|
|Former owner occupier||£190,362||2.6%||7.1%|
7. Funding status
Cash and mortgage indicator for Wales
|Funding status||Average price April 2019||Monthly change||Annual change|
8. Repossession sales volume
Due to a period of 2 weeks to 2 months between completion and registration of sales, repossession volume figures for the most recent 2 months are not yet complete, so they are not included in the report.
Repossession sales volume
|Country||Repossession sales volume February 2019|
Download the data for England and Wales (CSV, 7KB)
9. Access the data
10. About the UK House Price Index
The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.
Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.
Find out more about the UK House Price Index.
11. Contact for Wales queries
David Lockett, Product Manager, HM Land Registry
Telephone 0300 0068317