The average house price in Wales continues to fall

The average house price in Wales fell to £234,086 at the end 2023 following continued economic and financial pressures, according latest quarterly figures from the Principality Building Society.
Its Wales house price index for Q4 of 2023 marked the fourth consecutive quarterly fall. House prices in Wales are now down 6% – or £15,000 – when compared to Q4 of 2022 when a price of £249,076 was recorded. Despite it being the largest year-on-year declince since the financial crisis, house prices remain 25% higher than five years ago.
While two local authorities – Cardiff and Caerphilly – report record high prices at £308,648 and £207,904 at the end o …