National statistics

UK House Price Index Wales: August 2022

Published 19 October 2022

1. Headline statistics for August 2022

The average price of a property in Wales was £220,059

The annual price change of a property for Wales was 14.6%

The monthly price change of a property for Wales was 0.2%

The index figure for Wales (January 2015 = 100) was 161.6

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 September 2022 UK HPI will be published at 9.30am on Wednesday 16 November 2022. See the calendar of release dates for more information.

2. Economic statement

Wales house prices increased by 14.6% in the year to August 2022, down from 17.4% in July 2022. Wales house prices were growing faster than the UK annual rate of 13.6% in the year to August 2022. On a non-seasonally adjusted basis average house prices in Wales increased by 0.2% between July and August 2022, compared with an increase of 2.7% during the same period a year earlier (July 2021 and August 2021). On a seasonally adjusted basis, average house prices in Wales decreased by 1.2% between July 2022 and August 2022.

Comparing the provisional volume estimate for June 2021 with the provisional estimate for June 2022, the volume of transactions increased by 12.3% in Wales. UK volume transactions decreased by 4.2% over the same period.

In Wales, all local authority areas showed an increase in average house prices in the year to August 2022. Merthyr Tydfil showed the strongest growth, rising by 22.7% to £157,000 in the year to August 2022. In contrast, Gwynedd showed the lowest annual change, with an increase of 9.9% in the year to August 2022, with the average house price at £208,000.

Of all property types, detached houses showed the largest annual growth, rising by 15.7% in the year to August 2022 to £340,000. Flats and maisonettes showed the lowest annual growth, rising by 10.7% in the year to August 2022, to an average price of £138,000.

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

Download this table’s data (CSV, 1KB)

In Wales, average prices increased by 14.6% in the year to August 2022, down from 17.4% in July 2022.

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	August 2022	August 2021	Difference
Blaenau Gwent	£133,698	£112,666	18.7%
Bridgend	£207,593	£183,057	13.4%
Caerphilly	£190,045	£164,571	15.5%
Cardiff	£260,478	£236,807	10.0%
Carmarthenshire	£209,039	£182,752	14.4%
Ceredigion	£266,800	£219,563	21.5%
Conwy	£224,274	£196,471	14.2%
Denbighshire	£207,503	£178,753	16.1%
Flintshire	£211,436	£191,148	10.6%
Gwynedd	£207,920	£189,205	9.9%
Isle of Anglesey	£240,742	£215,147	11.9%
Merthyr Tydfil	£156,565	£127,609	22.7%
Monmouthshire	£356,727	£309,535	15.2%
Neath Port Talbot	£166,454	£142,143	17.1%
Newport	£232,275	£209,595	10.8%
Pembrokeshire	£246,694	£212,442	16.1%
Powys	£247,075	£221,403	11.6%
Rhondda Cynon Taf	£158,915	£140,340	13.2%
Swansea	£196,492	£175,137	12.2%
Torfaen	£202,905	£175,217	15.8%
Vale of Glamorgan	£311,787	£266,223	17.1%
Wrexham	£207,497	£183,426	13.1%
Wales	£220,059	£192,019	14.6%

Download this table’s data (CSV, 1KB)

Average price by local authority for Wales

In August 2022, the most expensive area to purchase a property was Monmouthshire, where the average cost was £357,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was £134,000.

3.2 Average price change by property type

Average price change by property type for Wales

Property type	August 2022	August 2021	Difference
Detached	£339,517	£293,535	15.7%
Semi-detached	£212,933	£186,319	14.3%
Terraced	£171,347	£149,275	14.8%
Flat or maisonette	£137,934	£124,553	10.7%
All	£220,059	£192,019	14.6%

Download this table’s data (CSV, 1KB)

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 2 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

Comparing the provisional volume estimate for the current month with the revised volume estimate for the corresponding month in the previous year

Local authorities	June 2022	June 2021
Blaenau Gwent	45	126
Bridgend	111	323
Caerphilly	128	338
Cardiff	220	727
Carmarthenshire	108	370
Ceredigion	44	130
Conwy	95	272
Denbighshire	77	181
Flintshire	111	347
Gwynedd	87	208
Isle of Anglesey	46	130
Merthyr Tydfil	45	97
Monmouthshire	84	269
Neath Port Talbot	113	268
Newport	111	307
Pembrokeshire	87	261
Powys	90	301
Rhondda Cynon Taf	184	492
Swansea	162	437
Torfaen	79	153
Vale of Glamorgan	111	394
Wrexham	73	240
Wales	2,211	6,371

Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for June 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for June 2021 with the provisional estimate for June 2022, volume transactions increased by 12.3% 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 decreased by 47.2% in Wales in the year to June 2022.

Download this table’s data (CSV, 1KB)

4.2 Sales volumes

Sales volumes for Wales over the past 5 years

Date	Sales volumes for Wales
June 2018	4,344
June 2019	3,997
June 2020	2,013
June 2021	6,371
June 2022	2,211

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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 2 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 June 2022	Monthly change	Annual change
New build	£318,924	2.9%	26.2%
Existing resold property	£208,577	1.3%	8.1%

Download this table’s data (CSV, 1KB)

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 August 2022	Monthly change	Annual change
First time buyer	£189,230	0.0%	14.5%
Former owner occupier	£256,397	0.5%	14.7%

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7. Funding status

Cash and mortgage indicator for Wales

Funding status	Average price August 2022	Monthly change	Annual change
Cash	£213,344	0.7%	14.4%
Mortgage	£224,008	0.0%	14.7%

Download this table’s data (CSV, 1KB)

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 June 2022
Wales	5

Download the data for England and Wales (CSV, 7KB)

9. Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

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

Eileen Morrison, Data Services Team Leader, HM Land Registry

Email eileen.morrison@landregistry.gov.uk

Telephone 0300 006 5288