House prices increased slightly in Conwy in December, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 3.2% annual growth.
The average Conwy house price in December was £170,848, Land Registry figures show – a 0.4% increase on November.
Over the month, the picture was better than that across Wales, where prices decreased 2.0%, and Conwy outperformed the 0.3% rise for the UK as a whole.
Over the last year, the average sale price of property in Conwy rose by £5,300 – putting the area 12th among Wales’s 22 local authorities for annual growth.
The best annual growth in the region was in Blaenau Gwent, where properties increased on average by 14.2%, to £102,000. At the other end of the scale, properties in Ceredigion dropped 2.1% in value, giving an average price of £184,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in Conwy in December – they increased 0.7%, to £240,268 on average. Over the last year, prices rose by 3.5%.
Among other types of property:
Semi-detached: up 0.4% monthly; up 4% annually; £164,895 average
Terraced: up 0.1% monthly; up 3.1% annually; £132,415 average
Flats: down 0.4% monthly; up 1.1% annually; £107,887 average
First steps on the property ladder
First-time buyers in Conwy spent an average of £148,600 on their property – £4,400 more than a year ago, and £22,200 more than in December 2014.
By comparison, former owner-occupiers paid £193,300 on average in December – 30.1% more than first-time buyers.
How do property prices in Conwy compare?
Buyers paid 3.1% more than the average price in Wales (£166,000) in December for a property in Conwy. Across Wales, property prices are low compared to those across the UK, where the average cost £235,000.
The most expensive properties in Wales were in Monmouthshire – £280,000 on average, and 1.6 times as much as in Conwy. Monmouthshire properties cost 2.8 times as much as homes in Blaenau Gwent (£102,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average December sale price of £1.3 million could buy 14 properties in Burnley (average £92,000).
Factfile
Average property price in December
Conwy: £170,848
Wales: £165,735
UK: £234,742
Annual growth to December
Conwy: +3.2%
Wales: +2.2%
UK: +2.2%
Best and worst annual growth in Wales
Blaenau Gwent: +14.2%
Ceredigion: -2.1%
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