The increase in house prices in predominantly rural areas in Wales compared to urban areas could be down to the buying of holiday or second homes, a report has found. According to Nationwide Building Society, prices for rural properties have risen by 29% over the last five years, while prices for urban properties have risen by 18%.
The report also noted that 13 of the top 20 local authorities for house price growth in 2021 were classed as 'rural' in the UK, and included Welsh counties Ceredigion, Pembrokeshire and Vale of Glamorgan. The county of Ceredigion, which the average house price recorded in December 2021 was £244,619, saw the biggest increase in Wales with 21%. This was just above the London area of Camden, which saw a 20% increase and has average house prices from around £947,511.
Read more: The Welsh seaside town where house prices have increased by 22% in a year
