Wales is still the region with the highest average house price increase across the UK, according to the house price index released by the Office of National Statistics (ONS) covering the year-on-year comparison to April 2022.
The data indicates during this 12 month period the average house price in Wales has increased by 16.2% to the record high of £211,990, a 2.2% increase since the March data. The volume of transactions decreased by 9.1% in Wales, suggesting the continuation of low stock supplies still fuelling rising house prices.
The UK average house price increased by 12.4% over the year to April 2022, which is up from the 9.7% figure reported for March 2022. The average UK house asking price was £281,000 in April 2022, which is £31,000 higher than for the same time in 2021.
