© Crown copyright 2019
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: email@example.com.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/uk-house-price-index-wales-july-2019/uk-house-price-index-wales-july-2019
1. Headline statistics for July 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 August 2019 UK HPI will be published at 9.30am on Wednesday 16 October 2019. See the calendar of release dates.
2. Economic statement
Wales house prices increased by 4.2% in the year to July 2019, down slightly from 4.3% in the year to June 2019. Wales house prices were growing faster than the UK annual rate of 0.7% in the year to July 2019. On a non-seasonally adjusted basis average house prices in Wales increased by 1.0% between June 2019 and July 2019, compared with a rise of 1.1% during the same period a year earlier (June 2018 and July 2018). On a seasonally adjusted basis, average house prices in Wales increased by 0.7% between June 2019 and July 2019.
The Land Transaction Tax statistics showed that on a non-seasonally adjusted basis, in the 3 months to July 2019 the number of transactions on residential properties with a value of £40,000 or greater in Wales was 14,170. This is down 0.1% compared with the 3 months to July 2018.
In Wales, all property types showed an increase in average prices in July 2019 when compared with the same month in the previous year. Terraced houses showed the biggest increase, rising by 5.0% in the year to July 2019 to £129,000. The smallest increase of all property types was for flats and maisonettes, with an increase of 3.3% in the year to July 2019 to £117,000.
House prices rose over the last year in all local authority areas. Merthyr Tydfil and Blaenau Gwent showed the strongest growth, rising by 12.8% to £115,000 and 12.6% to £95,000 in the year to July 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 1 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, average prices increased by 4.2% in the year to July 2019 (down slightly from 4.3% in June 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||July 2019||July 2018||Difference|
|Isle of Anglesey||£181,427||£168,244||7.8%|
|Neath Port Talbot||£119,126||£113,183||5.3%|
|Rhondda Cynon Taf||£112,736||£109,730||2.7%|
|Vale of Glamorgan||£228,705||£218,375||4.7%|
Average price by local authority for Wales
In July 2019, the most expensive area to purchase a property was Monmouthshire, where the average cost was £281,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was £95,000.
3.2 Average price change by property type
Average price change by property type for Wales
|Property type||July 2019||July 2018||Difference|
|Flat or maisonette||£116,882||£113,148||3.3%|
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||May 2019||May 2018|
|Isle of Anglesey||89||85|
|Neath Port Talbot||186||173|
|Rhondda Cynon Taf||264||298|
|Vale of Glamorgan||155||172|
Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.
The estimate for May 2019 is calculated based on around 85% of the final registered transactions. The number of property transactions for May 2019 will increase as more transactions are incorporated into the index.
Comparing the provisional volume estimate for May 2018 with the provisional estimate for May 2019, volume transactions increased by 3.7% 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 4.6% in Wales in the year to May 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 May 2019||Monthly change||Annual change|
|Existing resold property||£158,746||0.2%||4.5%|
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 July 2019||Monthly change||Annual change|
|First time buyer||£143,080||1.2%||4.6%|
|Former owner occupier||£191,105||0.8%||3.8%|
7. Funding status
Cash and mortgage indicator for Wales
|Funding status||Average price July 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 May 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