UK House Price Index Wales: September 2021
Published 17 November 2021
Applies to England and Wales
© Crown copyright 2021
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This publication is available at https://www.gov.uk/government/statistics/uk-house-price-index-wales-september-2021/uk-house-price-index-wales-september-2021
1. Headline statistics for September 2021
The average price of a property in Wales was £196,216
The annual price change of a property for Wales was 15.4%
The monthly price change of a property for Wales was 2.5%
The index figure for Wales (January 2015 = 100) was 144.1
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 October 2021 UK HPI will be published at 9.30am on Wednesday 15 December 2021. See the calendar of release dates for more information.
2. Economic statement
Wales house prices increased by 15.4% in the year to September 2021, up from 10.7% in August 2021. Wales house prices were growing faster than the UK annual rate of 11.8% in the year to September 2021. On a non-seasonally adjusted basis average house prices in Wales increased by 2.5% between August and September 2021, compared with a decrease of 1.7% during the same period a year earlier (August and September 2020). On a seasonally adjusted basis, average house prices in Wales increased by 4.2% between August and September 2021.
Comparing the provisional volume estimate for July 2020 with the provisional estimate for July 2021, volume transactions decreased by 51.6% in Wales, from 2,081 to 1,008. UK volume transactions decreased by 48.0%, from 54,650 to 28,400, over the same period.
In Wales, all local authority areas showed an increase in average house prices in September 2021 when compared with September 2020. Vale of Glamorgan showed the strongest growth, rising by 20.6% to £283,709 in the year to September 2021. In contrast, Bridgend showed the lowest annual change, with an increase of 3.1% in the year to September 2021, with the average house price at £172,583.
Of all property types, detached houses showed the biggest annual growth, rising by 17.0% in the year to September 2021 to £301,194. The lowest annual change of all property types was for flats and maisonettes, with an increase of 11.8% in the year to September 2021 to £129,167.
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 15.4% in the year to September 2021, up from 10.7% in August 2021.
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 | September 2021 | September 2020 | Difference |
|---|---|---|---|
| Blaenau Gwent | £115,277 | £96,966 | 18.9% |
| Bridgend | £172,583 | £167,320 | 3.1% |
| Caerphilly | £159,103 | £145,687 | 9.2% |
| Cardiff | £244,895 | £216,182 | 13.3% |
| Carmarthenshire | £186,852 | £155,678 | 20.0% |
| Ceredigion | £218,450 | £197,971 | 10.3% |
| Conwy | £196,174 | £175,371 | 11.9% |
| Denbighshire | £181,305 | £158,666 | 14.3% |
| Flintshire | £188,925 | £173,684 | 8.8% |
| Gwynedd | £189,685 | £165,878 | 14.4% |
| Isle of Anglesey | £208,306 | £192,273 | 8.3% |
| Merthyr Tydfil | £122,777 | £110,161 | 11.5% |
| Monmouthshire | £315,256 | £285,587 | 10.4% |
| Neath Port Talbot | £139,282 | £125,801 | 10.7% |
| Newport | £202,483 | £191,418 | 5.8% |
| Pembrokeshire | £210,410 | £189,452 | 11.1% |
| Powys | £220,793 | £193,645 | 14.0% |
| Rhondda Cynon Taf | £135,370 | £119,124 | 13.6% |
| Swansea | £168,257 | £156,149 | 7.8% |
| Torfaen | £178,193 | £158,059 | 12.7% |
| Vale of Glamorgan | £283,709 | £235,322 | 20.6% |
| Wrexham | £189,888 | £160,147 | 18.6% |
| Wales | £196,216 | £170,030 | 15.4% |
Download this table’s data (CSV, 1KB)
Average price by local authority for Wales
In September 2021, the most expensive area to purchase a property was Monmouthshire, where the average cost was £315,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was £115,000.
3.2 Average price change by property type
Average price change by property type for Wales
| Property type | September 2021 | September 2020 | Difference |
|---|---|---|---|
| Detached | £301,194 | £257,516 | 17.0% |
| Semi-detached | £187,935 | £164,718 | 14.1% |
| Terraced | £153,280 | £132,127 | 16.0% |
| Flat or maisonette | £129,167 | £115,579 | 11.8% |
| All | £196,216 | £170,030 | 15.4% |
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
| Local authorities | July 2021 | July 2020 |
|---|---|---|
| Blaenau Gwent | 19 | 35 |
| Bridgend | 54 | 97 |
| Caerphilly | 50 | 131 |
| Cardiff | 79 | 247 |
| Carmarthenshire | 61 | 147 |
| Ceredigion | 34 | 67 |
| Conwy | 42 | 135 |
| Denbighshire | 30 | 97 |
| Flintshire | 48 | 137 |
| Gwynedd | 58 | 105 |
| Isle of Anglesey | 39 | 49 |
| Merthyr Tydfil | 15 | 45 |
| Monmouthshire | 29 | 59 |
| Neath Port Talbot | 61 | 90 |
| Newport | 53 | 127 |
| Pembrokeshire | 39 | 117 |
| Powys | 41 | 94 |
| Rhondda Cynon Taf | 79 | 162 |
| Swansea | 76 | 170 |
| Torfaen | 28 | 69 |
| Vale of Glamorgan | 28 | 124 |
| Wrexham | 45 | 87 |
| Wales | 1,008 | 2,391 |
Note: The number of property transactions for July 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.
Comparing the provisional volume estimate for July 2020 with the provisional estimate for July 2021, volume transactions decreased by 51.6% 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 50.8% in Wales in the year to July 2021.
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 |
|---|---|
| July 2017 | 4,143 |
| July 2018 | 4,227 |
| July 2019 | 4,306 |
| July 2020 | 2,391 |
| July 2021 | 1,008 |
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 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 July 2021 | Monthly change | Annual change |
|---|---|---|---|
| New build | £269,287 | 3.5% | 19.8% |
| Existing resold property | £180,109 | -6.1% | 9.1% |
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 September 2021 | Monthly change | Annual change |
|---|---|---|---|
| First time buyer | £168,657 | 2.2% | 15.0% |
| Former owner occupier | £228,652 | 2.7% | 15.8% |
Download this table’s data (CSV, 1KB)
7. Funding status
Cash and mortgage indicator for Wales
| Funding status | Average price September 2021 | Monthly change | Annual change |
|---|---|---|---|
| Cash | £190,831 | 3.3% | 15.6% |
| Mortgage | £199,445 | 2.1% | 15.3% |
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 July 2021 |
|---|---|
| Wales | 6 |
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