Accredited official statistics

UK House Price Index Wales: November 2021

Published 19 January 2022

1. Headline statistics for November 2021

The average price of a property in Wales was £199,877

The annual price change of a property for Wales was 12.1%

The monthly price change of a property for Wales was -0.7%

The index figure for Wales (January 2015 = 100) was 146.8

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read the revision policies.

Next publication of UK HPI

The December 2021 UK HPI will be published at 9.30am on Wednesday 16 February2022. See the calendar of release dates for more information.

2. Economic statement

Wales house prices increased by 12.1% in the year to November 2021, down from 14.4% in October 2021. Wales house prices were growing faster than the UK annual rate of 10.0% in the year to November 2021. On a non-seasonally adjusted basis average house prices in Wales decreased by 0.7% between October and November 2021, compared with an increase of 1.3% during the same period a year earlier (October and November 2020). On a seasonally adjusted basis, average house prices in Wales decreased by 0.7% between October and November 2021.

Comparing the provisional volume estimate for September 2020 with the provisional estimate for September 2021, volume transactions decreased by 36.9% in Wales, from 2,518 to 1,590. UK volume transactions decreased by 19.8%, from 67,663 to 54,279, over the same period.

In Wales, all local authority areas showed an increase in average house prices in November 2021 when compared with October 2020. Ceredigion showed the strongest growth, rising by 24.6% to £248,000 in the year to November 2021. In contrast, Flintshire showed the lowest annual change, with an increase of 8.9% in the year to November 2021, with the average house price at £197,000.

Of all property types, detached houses showed the biggest annual growth, rising by 15.3% in the year to November 2021 to £312,000. The lowest annual change of all property types was for flats and maisonettes, with an increase of 6.9% in the year to November 2021 to £128,000.

As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

3. Price change

3.1 Annual price change

Annual price change for Wales over the past 5 years

In Wales, average prices increased by 12.1% in the year to November 2021, down from 14.4% in October 2021.

Annual price change by local authority for Wales

Low numbers of sales transactions in some local authorities can lead to volatility in the series.

While we make efforts to account for this volatility, the change in price in these local levels can be influenced by the type and number of properties sold in any given period.

Geographies with low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements.

Local authorities November 2021 November 2020 Difference
Blaenau Gwent £117,731 £99,562 18.2%
Bridgend £190,962 £169,393 12.7%
Caerphilly £168,491 £148,089 13.8%
Cardiff £244,033 £218,447 11.7%
Carmarthenshire £192,488 £163,733 17.6%
Ceredigion £247,529 £198,730 24.6%
Conwy £204,344 £185,419 10.2%
Denbighshire £192,314 £166,754 15.3%
Flintshire £197,479 £181,397 8.9%
Gwynedd £190,867 £170,172 12.2%
Isle of Anglesey £222,882 £191,110 16.6%
Merthyr Tydfil £134,173 £110,784 21.1%
Monmouthshire £322,073 £282,717 13.9%
Neath Port Talbot £149,489 £131,173 14.0%
Newport £219,465 £194,022 13.1%
Pembrokeshire £232,872 £192,571 20.9%
Powys £231,689 £198,582 16.7%
Rhondda Cynon Taf £139,428 £126,007 10.7%
Swansea £183,963 £158,717 15.9%
Torfaen £189,214 £160,008 18.3%
Vale of Glamorgan £289,122 £235,859 22.6%
Wrexham £195,496 £164,749 18.7%
Wales £199,877 £178,255 12.1%

Average price by local authority for Wales

In November 2021, the most expensive area to purchase a property was Monmouthshire, where the average cost was £322,000. In contrast, the cheapest area to purchase a property was Blaenau Gwent, where the average cost was £118,000.

3.2 Average price change by property type

Average price change by property type for Wales

Property type November 2021 November 2020 Difference
Detached £311,760 £270,343 15.3%
Semi-detached £194,988 £172,147 13.3%
Terraced £152,303 £139,077 9.5%
Flat or maisonette £128,186 £119,895 6.9%
All £199,877 £178,255 12.1%

4. Sales volumes

The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.

Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.

4.1 Sales volumes by local authority

Sales volumes for Wales by local authority

Local authorities September 2021 September 2020
Blaenau Gwent 35 51
Bridgend 65 157
Caerphilly 68 126
Cardiff 141 299
Carmarthenshire 93 190
Ceredigion 39 73
Conwy 88 138
Denbighshire 72 99
Flintshire 74 145
Gwynedd 70 113
Isle of Anglesey 68 85
Merthyr Tydfil 29 37
Monmouthshire 51 76
Neath Port Talbot 78 132
Newport 62 140
Pembrokeshire 82 115
Powys 70 113
Rhondda Cynon Taf 119 227
Swansea 114 218
Torfaen 39 63
Vale of Glamorgan 76 145
Wrexham 57 117
Wales 1,590 2,859

Note: The number of property transactions for September 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for September 2020 with the provisional estimate for September 2021, volume transactions decreased by 36.9% in Wales.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, volume transactions increased by 48.5% in Wales in the year to September 2021.

4.2 Sales volumes

Sales volumes for Wales over the past 5 years

Date Sales volumes for Wales
September 2017 4,424
September 2018 3,959
September 2019 3,923
September 2020 2,859
September 2021 1,590

5. Property status

Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.

New build and existing resold property for Wales

Property status Average price September 2021 Monthly change Annual change
New build £286,569 3.7% 29.4%
Existing resold property £195,429 3.7% 17.0%

Note: Since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in methods used to produce the UK HPI.

6. Buyer status

First time buyer and former owner occupier for Wales

Type of buyer Average price November 2021 Monthly change Annual change
First time buyer £171,300 -0.7% 11.5%
Former owner occupier £233,710 -0.8% 12.9%

7. Funding status

Cash and mortgage indicator for Wales

Funding status Average price November 2021 Monthly change Annual change
Cash £194,184 -0.4% 11.8%
Mortgage £203,275 -0.8% 12.3%

8. Repossession sales volume

Due to a period of 2 weeks to 2 months between completion and registration of sales, repossession volume figures for the most recent 2 months are not yet complete, so they are not included in the report.

Repossession sales volume

Country Repossession sales volume September 2021
Wales 2

9. Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

10. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

11. Contact for Wales queries

Eileen Morrison, Data Services Team Leader, HM Land Registry

Email eileen.morrison@landregistry.gov.uk

Telephone 0300 006 5288