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1. Headline statistics for October 2021

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.

2. Economic statement

Wales house prices increased by 15.5% in the year to October 2021, down from 16.5% in September 2021. Wales house prices were growing faster than the UK annual rate of 10.2% in the year to October 2021. On a non-seasonally adjusted basis average house prices in Wales increased by 2.6% between September and October 2021, compared with an increase of 3.5% during the same period a year earlier (September and October 2020). On a seasonally adjusted basis, average house prices in Wales increased by 2.1% between September and October 2021.

Comparing the provisional volume estimate for August 2020 with the provisional estimate for August 2021, volume transactions decreased by 25.9% in Wales, from 2178 to 1613. UK volume transactions decreased by 30.3%, from 58168 to 40528, over the same period.

In Wales, all local authority areas showed an increase in average house prices in October 2021 when compared with October 2020. Merthyr Tydfil showed the strongest growth, rising by 24.8% to 拢138,000 in the year to October 2021. In contrast, Powys showed the lowest annual change, with an increase of 8.2% in the year to October 2021, with the average house price at 拢216,000.

Of all property types, detached houses showed the biggest annual growth, rising by 17.5% in the year to October 2021 to 拢314,000. The lowest annual change of all property types was for flats and maisonettes, with an increase of 11.1% in the year to October 2021 to 拢132,000.

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鈥檚 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 15.5% in the year to October 2021, down from 16.5% in September 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	October 2021	October 2020	Difference
Blaenau Gwent	拢121,739	拢98,816	23.2%
Bridgend	拢186,552	拢168,625	10.6%
Caerphilly	拢170,465	拢149,339	14.1%
Cardiff	拢242,982	拢217,226	11.9%
Carmarthenshire	拢189,224	拢161,081	17.5%
Ceredigion	拢232,812	拢195,716	19.0%
Conwy	拢215,009	拢182,553	17.8%
Denbighshire	拢189,093	拢161,848	16.8%
Flintshire	拢195,085	拢176,797	10.3%
Gwynedd	拢190,821	拢170,020	12.2%
Isle of Anglesey	拢217,199	拢191,674	13.3%
Merthyr Tydfil	拢138,102	拢110,641	24.8%
Monmouthshire	拢324,841	拢286,379	13.4%
Neath Port Talbot	拢148,880	拢128,275	16.1%
Newport	拢212,365	拢192,374	10.4%
Pembrokeshire	拢214,929	拢189,485	13.4%
Powys	拢215,527	拢199,215	8.2%
Rhondda Cynon Taf	拢144,712	拢123,134	17.5%
Swansea	拢177,393	拢157,053	13.0%
Torfaen	拢182,970	拢156,377	17.0%
Vale of Glamorgan	拢285,325	拢237,741	20.0%
Wrexham	拢187,656	拢162,057	15.8%
Wales	拢203,224	拢175,948	15.5%

Average price by local authority for Wales

In October 2021, the most expensive area to purchase a property was Monmouthshire, where the average cost was 拢325,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was 拢122,000.

3.2 Average price change by property type

Average price change by property type for Wales

Property type	October 2021	October 2020	Difference
Detached	拢313,765	拢267,098	17.5%
Semi-detached	拢196,266	拢170,351	15.2%
Terraced	拢157,305	拢136,805	15.0%
Flat or maisonette	拢131,682	拢118,512	11.1%
All	拢203,224	拢175,948	15.5%

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	August 2021	August 2020
Blaenau Gwent	44	49
Bridgend	80	124
Caerphilly	86	121
Cardiff	133	264
Carmarthenshire	104	148
Ceredigion	39	54
Conwy	79	110
Denbighshire	44	100
Flintshire	91	159
Gwynedd	73	111
Isle of Anglesey	54	67
Merthyr Tydfil	15	42
Monmouthshire	43	79
Neath Port Talbot	71	118
Newport	62	108
Pembrokeshire	82	116
Powys	73	106
Rhondda Cynon Taf	153	187
Swansea	127	158
Torfaen	31	63
Vale of Glamorgan	81	132
Wrexham	48	109
Wales	1,613	2,525

Comparing the provisional volume estimate for August 2020 with the provisional estimate for August 2021, volume transactions decreased by 25.9% 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 53.9% in Wales in the year to August 2021.

4.2 Sales volumes

Sales volumes for Wales over the past 5 years

Date	Sales volumes for Wales
August 2017	4,572
August 2018	4,811
August 2019	4,546
August 2020	2,525
August 2021	1,613

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 August 2021	Monthly change	Annual change
New build	拢274,062	2.8%	20.2%
Existing resold property	拢187,859	4.1%	10.6%

6. Buyer status

First time buyer and former owner occupier for Wales

Type of buyer	Average price October 2021	Monthly change	Annual change
First time buyer	拢174,302	2.2%	14.9%
Former owner occupier	拢237,414	3.1%	16.2%

7. Funding status

Cash and mortgage indicator for Wales

Funding status	Average price October 2021	Monthly change	Annual change
Cash	拢197,206	2.5%	15.2%
Mortgage	拢206,785	2.7%	15.6%

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 August 2021
Wales	3

9. Access the data

Download the data as CSV files or access it with .

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 天美影院 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, , and the Valuation Office Agency.

Find out more about the UK House Price Index.

11. Contact for Wales queries