House prices in Flintshire fell 7.2% in February

Home prices fell 7.2 percent in Flintshire in February, new figures show.

The sharp drop contributes to the longer-term trend, which has seen house prices in the region fall 1.1% annually – the worst in Wales.

The average house price in Flintshire in February was £ 173,252, according to land register figures – down 7.2% from January.

During the month, the situation was worse than in Wales, where prices fell 0.7%, and Flintshire underperformed relative to the UK as a whole, where prices did not fall. exchange.

Over the past year, the average selling price of property in Flintshire has remained stable, placing the area last out of 22 local authorities in Wales for annual growth.

Single-family homeowners had the worst results in Flintshire in February – they fell 7.3% in price, to £ 242,339 on average. Over the past year, prices have fallen 0.7%.

Among other types of goods:

  • Semi-detached: down 7.2% per month; down 1.4% per year; £ 149,233 Average
  • Terraces: down 7.1% per month; down 0.8% per year; Average £ 128,770
  • Apartments: down 6.7% per month; down 3.8% per year; Average £ 87,327

First steps on the property ladder

First-time buyers in Flintshire spent an average of £ 145,700 on their property – £ 1,900 less than a year ago and £ 16,100 more than in January 2016.

By comparison, former homeowners paid on average £ 194,300 in February, 33.4% more than first-time buyers.

How do property prices compare in Flintshire?

Buyers paid 3.7% less than the average Wales price (£ 180,000) in February for a property in Flintshire. Across Wales, house prices are low compared to those in the UK, where the average cost is £ 250,000.

The most expensive properties in Wales were in Monmouthshire – £ 303,000 on average and 1.7 times more than in Flintshire. Properties in Monmouthshire cost 2.8 times more than homes in Blaenau Gwent (£ 108,000 on average) at the other end of the scale.

The highest house prices in the UK were in Kensington and Chelsea, where the average sale price of £ 1.2million in February bought 13 properties in Hyndburn (£ 92,000 in average).

Factfile

Average house price in February

• Flintshire: £ 173,252

• Wales: £ 179,861

• United Kingdom: £ 250,341

Best and Worst Annual Growth in Wales

• Blaenau Gwent: + 18.4%

• Flintshire: -1.1%


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About Robert Valdivia

Robert Valdivia

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