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Wales Online

Lifestyle

Joanne Ridout

Two Welsh valleys are now the latest house price hot spots

Office for National Statistics United Kingdom Valleys Wales Blaenau Gwent Google Tredegar

Wales is still the region with the highest average house price increase across the UK, according to the house price index (HPI) released by the Office of National Statistics (ONS) covering the year-on-year comparison from July 2021 to July 2022.

The data indicates during this 12 month timescale the average house price in Wales has increased by 17.6% to another new record breaking high of £219,951, a 2.8% increase since the June 2022 ONS data was released.

The volume of transactions for the period July 2021 to July 2022 were also higher in our nation, with Wales recording an increase of 48.3% compared to the overall UK figure of 34.5% for the same period.

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