House price changes across North Wales revealed for 2025
The report shows the rise and fall in house prices in each of the 22 local authorities in Wales.
Three authorities in North Wales experienced increases.
Anglesey and Gwynedd saw the greatest annual rise in the area, with 2.9 per cent (£256,771) and 4.9 per cent (£234,388) respectively.
Denbighshire also saw a 2.5 per cent rise on its first quarter of 2024 price, reaching an average price of £213,888 in the first quarter of 2025.
However, some areas reported decreases, with Flintshire recording the largest annual drop in the region, with a 2.2 per cent decline.
Conwy and Wrexham also saw decreases, with a 1.3 per cent and 0.2 per cent drop respectively compared to the same period the previous year.
The average price of a home sold in Wales rose to £238,413 in the first quarter of 2025, marking a 2.2 per cent increase on the previous quarter and a 4.0 per cent rise compared to the same period last year.
Despite affordability challenges, the steady rise in both prices and the number of transactions – which reached 10,000 in the first quarter (up 20 per cent on last year) – suggests buyer confidence is still growing.
This is despite households continuing to navigate cost-of-living pressures, an elevated rate environment, and global economic uncertainty.
Iain Mansfield, chief financial officer at Principality Building Society, said: "The housing market in Wales has had a positive start to 2025, with prices rising quarter on quarter at their fastest pace in over two years.
"Despite a challenging economic backdrop, we're seeing a year-on-year growth of transactions, spurred on by supply challenges and falling rates.
"Meanwhile, affordability remains a key factor shaping the market landscape."
A key factor behind the year-on-year growth in transactions may be the ongoing supply issues, as house building in Wales has seen a marked decline over the past 25 years.
Major policy changes, including the extension of the Welsh Government's Help to Buy scheme, adjustments to second home taxes and plans to increase affordable housing, are intended to address this challenge and limit investor activity.
Mr Mansfield continued: "Across Westminster and Wales, housing is high on the agenda.
"Looking ahead, the UK Government remains publicly committed to extensive planning reforms – setting out an ambitious target to build 1.5 million homes over the next five years, representing a significant shift in the UK's housing landscape.
"This, paired with the Welsh Government's Help to Buy Wales extension and additional £10 million investment allocated to kickstart housing schemes across Wales, signals a clear message that policymakers recognise the importance of housing to families and individuals across the country.
"Despite external pressures such as cost of living, inflation, and global economic pressures, the housing market in Wales is moving forward in a positive direction, with increased consumer confidence and areas of strong regional performance."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business News Wales
4 hours ago
- Business News Wales
AberInnovation Joins Welsh Government Backed Helix Programme
AberInnovation, the innovation and enterprise campus at Aberystwyth University, has officially joined the Helix Programme – a Welsh Government-supported initiative helping food and drink businesses across Wales innovate, grow, and thrive. As a newly appointed delivery partner, AberInnovation will lead the connectivity between food and drink innovation and the academic sector in Wales and the provision of the programme's Proof of Concept Plan, designed to support the early stages of product and process innovation. The Helix Programme is a collaborative effort bringing together the expertise of four key partners: AberInnovation, ZERO2FIVE Food Industry Centre at Cardiff Metropolitan University, Food Centre Wales in Ceredigion, and Coleg Menai's Food Technology Centre in Llangefni. Rooted in the ambitions of the Well-being of Future Generations (Wales) Act, the Helix Programme aims to empower agrifood and drink businesses to boost productivity, champion sustainability, and deliver long-term value to communities and the Welsh economy. AberInnovation's Proof of Concept Plan focuses on concept-driven support, helping businesses plan the requirements of validating innovative ideas, assess feasibility capabilities in Wales, and establish the technical groundwork for future development. This offer is particularly valuable for entrepreneurs and start up companies working on ingredient innovation, novel foods, or natural product development. 'We're delighted to bring our unique expertise to the Helix Programme,' said Dr Rhian Hayward MBE, CEO of AberInnovation. 'Our role is to help entrepreneurs and businesses move confidently from idea to impact, with structured, expert-led support that de-risks innovation and sets them up for long-term success. AberInnovation is delighted to join with the partners to compliment the already substantial capabilities and support on offer in Wales for food and drink innovation.' Deputy First Minister and Cabinet Secretary for Climate Change & Rural Affairs Huw Irranca-Davies said: 'I'm delighted to see AberInnovation joining the Helix Programme as we continue to strengthen Wales' position as a leader in food and drink innovation. This partnership brings together some of our finest academic institutions and innovation centres to support businesses at every stage of their journey, from ambitious start-ups to established producers looking to break new ground. 'The Helix Programme perfectly embodies our commitment to building a more prosperous and sustainable Wales. By connecting cutting-edge research with real-world business challenges, we're helping Welsh food and drink companies develop the innovative solutions that will drive productivity, create jobs, and position Wales at the forefront of the global food revolution. 'With AberInnovation's expertise in early-stage innovation now complementing the existing strengths of our Helix partners, we're creating an ecosystem where great Welsh ideas can flourish. This is exactly the kind of collaborative approach that will help us deliver on our economic missions whilst staying true to the principles of the Well-being of Future Generations Act.' This offer is open to companies of all sizes in Wales and across the food and drink supply chain – from start-ups and producers to established brands. To find out more or apply, visit here .
North Wales Live
9 hours ago
- North Wales Live
'Missing' business case for Llandudno library move must be released
Backbench councillors have slammed a North Wales council cabinet, claiming a business plan for the relocation of a library has yet to emerge. The row centres around the relocation of Llandudno library, from Mostyn Street to Venue Cymru as part of a multi-million-pound regeneration of the theatre funded by the UK Government. Despite the potential investment, hundreds of Llandudno residents opposed the move as part of a public consultation, whilst shopkeepers on the high street, backed by Mostyn Estates, feared a reduced footfall in the town centre. Earlier this month Conwy 's cabinet backed the plans, despite concerns a business plan, requested by an earlier scrutiny committee never materialised. At the special economy and place overview and scrutiny committee on July 2, Cllr Chris Hughes proposed councillors backed the plan for the library move, and this was seconded by Cllr Dave Jones before it was voted through. Making the proposal at the meeting, Cllr Chris Hughes said: 'I have to move the recommendation and I do so not lightly. I do so on the basis that Charlie (leader Cllr McCoubrey) has promised a satisfactory business case will be provided… would be expected.' Reading out Cllr Hughes' proposal, Conwy's legal officer Matthew Georgiou took the matter to the vote. Reading out the recommendation from the report, Mr Georgiou directly referred to Cllr Hughes' proposal but without specifying his comments regarding 'a business plan'. The proposal was then voted through before being again supported by cabinet days later. Llandudno Conservative councillor Harry Saville then emailed the leader Cllr Charlie McCoubrey again requesting the 'missing' business plan. But Cllr Saville said he was 'surprised' by a response from the leader, who said he disagreed with Llandudno councillors' 'interpretation' of events. 'I am genuinely surprised by the response from the leader of Conwy County Borough Council,' said Cllr Saville. 'All I am asking for is that councillors have the opportunity to scrutinise the business case behind the council's plans to relocate Llandudno's library and Tourist Information Centre to Venue Cymru.' He added: 'It is clear that councillors believed this information would be provided when they voted to back the council's plan. I don't think that is too much to ask for.' Llandudno Reform councillor Louise Emery agreed, referring to the fact that the £10m bid for UK Government funds was being considered by civil servants, which she presumed included a 'business case'. 'We just want to see the business case for the Venue Cymru Futures Bid that includes moving the library away from its high-street location,' she said. 'We've been told it's on a UK Government civil servant's desk, so let's see it. I don't mind paying for the postage to post it back if that's the problem.' Conwy leader Cllr Charlie McCoubrey responded to the Llandudno councillors in a statement issued this week. 'The economy and place overview and scrutiny committee considered the matter on July 2 and made recommendations to cabinet,' he said. 'The committee's recommendations were that cabinet, having fully considered the responses to the public consultation, approve the draft plans for the Venue Cymru Futures project, which include relocating Llandudno Library and the Llandudno Tourist Information Centre to Venue Cymru. The proposal was clear and was read out immediately prior to the vote.' He added: 'The recommendation did not request cabinet to delay the decision so that the committee could consider further information. An alternative proposal was made that cabinet does not approve the draft plans for the Venue Cymru Futures Project and should defer their decision pending a full formal assessment of the Venue Cymru Futures bid and a detailed economic impact assessment of moving the library from Mostyn Street, and for that information to be brought back to the committee before cabinet approved the plans for the Venue Cymru Futures Project. 'It was made clear to the committee that the alternative proposal would be voted on if the proposal for cabinet to approve the plans was lost. However, the recommendation that cabinet should approve the plans was carried and cabinet subsequently adopted those recommendations in full without changes.'
Business News Wales
12 hours ago
- Business News Wales
New Electric Trains Running Between Coryton, Caerphilly and Penarth
Brand new electric trains are now being used on Transport for Wales services between Coryton, Caerphilly and Penarth. An additional five new tri-mode Class 756 trains, which are part of the Welsh Government's £800 million investment in new trains, will join the fleet that are already in use on the Merthyr, Aberdare and Treherbert lines. It takes the total of brand-new electric trains in service daily to 19, with 24 in the total fleet. The new trains, which provide 50% more capacity and improved accessibility, including level boarding, are being introduced after a successful trial on the Coryton line earlier this year. The line is also set to benefit from a Sunday service, for the first time, from December. Cabinet Secretary for Transport and North Wales, Ken Skates said: 'I am delighted that we are introducing more brand-new electric trains on the Core Valleys Lines to deliver Better Transport for Wales. 'The Class 756 state-of-the-art trains are transforming travel for passengers with faster and more frequent services as well as greater capacity, comfort, and improved accessibility. 'This is another significant milestone on our mission to upgrade the Core Valley Lines and deliver a turn-up-and go metro service.' TfW planning and performance director Colin Lea said: 'In June last year we developed a new timetable to get the best out of our brand-new trains, which after a few tweaks was a success. 'Customers will now benefit from these changes with more capacity and reliability, level boarding and a better overall experience, as well as an hourly Sunday service from December.'
