Accredited official statistics

UK House Price Index Wales: January 2022

Published 23 March 2022

1. Headline statistics for January 2022

The average price of a property in Wales was £206,251

The annual price change of a property for Wales was 13.9%

The monthly price change of a property for Wales was 1.3%

The index figure for Wales (January 2015 = 100) was 151.5

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 February 2022 UK HPI will be published at 9.30am on Wednesday 13 April 2022. See the calendar of release dates for more information.

2. Economic statement

Wales house prices increased by 13.9% in the year to January 2022, up from 12.4% in December 2021. Wales house prices were growing faster than the UK annual rate of 9.6% in the year to January 2022. On a non-seasonally adjusted basis average house prices in Wales increased by 1.3% between December 2021 and January 2022, compared with a decrease of 0.1% during the same period a year earlier (December 2020 and January 2021). On a seasonally adjusted basis, average house prices in Wales increased by 1.9% between December 2021 and January 2022.

Comparing the provisional volume estimate for November 2020 with the provisional estimate for November 2021, volume transactions decreased by 35.3% in Wales, from 3,585 to 2,319. UK volume transactions decreased by 44.4%, from 82,412 to 45,800, over the same period.

In Wales, all local authority areas showed an increase in average house prices in January 2022 when compared with January 2021. Vale of Glamorgan showed the strongest growth, rising by 20.8% to £297,000 in the year to January 2022. In contrast, Flintshire showed the lowest annual change, with an increase of 7.2% in the year to January 2022, with the average house price at £199,000.

Of all property types, detached houses showed the biggest annual growth, rising by 15.6% in the year to January 2022 to £320,000. The lowest annual change of all property types was for flats and maisonettes, with an increase of 6.8% in the year to January 2022 to £131,000.

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

In Wales, average prices increased by 13.9% in the year to January 2022, up from 12.4% in December 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 January 2022 January 2021 Difference
Blaenau Gwent £120,907 £101,981 18.6%
Bridgend £197,107 £172,266 14.4%
Caerphilly £171,916 £152,788 12.5%
Cardiff £243,583 £222,438 9.5%
Carmarthenshire £195,740 £167,581 16.8%
Ceredigion £238,864 £203,952 17.1%
Conwy £206,231 £186,188 10.8%
Denbighshire £196,593 £175,769 11.8%
Flintshire £198,666 £185,387 7.2%
Gwynedd £191,727 £177,315 8.1%
Isle of Anglesey £221,349 £198,778 11.4%
Merthyr Tydfil £141,892 £121,346 16.9%
Monmouthshire £328,106 £301,720 8.7%
Neath Port Talbot £156,831 £131,729 19.1%
Newport £222,019 £199,830 11.1%
Pembrokeshire £234,796 £199,187 17.9%
Powys £239,470 £212,111 12.9%
Rhondda Cynon Taf £141,989 £128,167 10.8%
Swansea £187,230 £166,484 12.5%
Torfaen £184,608 £165,286 11.7%
Vale of Glamorgan £297,314 £246,098 20.8%
Wrexham £197,340 £172,081 14.7%
Wales £206,251 £181,118 13.9%

Average price by local authority for Wales

In January 2022, the most expensive area to purchase a property was Monmouthshire, where the average cost was £328,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was £121,000.

3.2 Average price change by property type

Average price change by property type for Wales

Property type January 2022 January 2021 Difference
Detached £319,526 £276,415 15.6%
Semi-detached £199,736 £175,326 13.9%
Terraced £159,520 £140,081 13.9%
Flat or maisonette £130,738 £122,374 6.8%
All £206,251 £181,118 13.9%

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 November 2021 November 2020
Blaenau Gwent 56 66
Bridgend 111 202
Caerphilly 128 228
Cardiff 220 410
Carmarthenshire 127 309
Ceredigion 61 105
Conwy 104 212
Denbighshire 81 115
Flintshire 117 240
Gwynedd 111 184
Isle of Anglesey 58 119
Merthyr Tydfil 29 81
Monmouthshire 64 128
Neath Port Talbot 99 159
Newport 110 208
Pembrokeshire 108 166
Powys 85 158
Rhondda Cynon Taf 186 313
Swansea 192 295
Torfaen 85 116
Vale of Glamorgan 118 253
Wrexham 69 169
Wales 2,319 4,236

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 November 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for November 2020 with the provisional estimate for November 2021, volume transactions decreased by 35.3% 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 increased by 1.9% in Wales in the year to November 2021.

4.2 Sales volumes

Sales volumes for Wales over the past 5 years

Date Sales volumes for Wales
November 2017 4,474
November 2018 5,057
November 2019 4,494
November 2020 4,236
November 2021 2,319

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 November 2021 Monthly change Annual change
New build £294,074 4.3% 30.5%
Existing resold property £194,917 -0.8% 11.0%

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 January 2022 Monthly change Annual change
First time buyer £176,893 1.2% 13.5%
Former owner occupier £240,958 1.4% 14.3%

7. Funding status

Cash and mortgage indicator for Wales

Funding status Average price January 2022 Monthly change Annual change
Cash £200,614 1.7% 13.9%
Mortgage £209,658 1.1% 13.9%

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 November 2021
Wales 3

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