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Birmingham Post
Birmingham Post
Business
Lauren Phillips

House prices in Wales at a record high as economic pressure builds

Wales

The average house price in Wales has hit a record high of £245,893, 12.4% higher than the previous year as prices continue to rise in the third quarter of 2022.

According to the Principality Building Society's latest Wales House Price Index, prices rose by 2.2% from July to September 2022.

Transactions also remained relatively strong in Q3, helped in part by buyers wishing to complete their house purchase while attractive mortgages were available. This could potentially change in the last quarter of the year as the housing market responds to current economic challenges.

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