Pembrokeshire house prices tumbled by over 3% compared to the prices in May.
Latest figures released by the Land Registry confirm that the average Pembrokeshire house price in June stood at £230,164 marking a 3.1% drop since the previous month. As a result, county prices are now lower than the 0.5% rise which the the rest of the UK has seen.
The biggest Pembrokeshire fall was in detached properties which dropped by 3.4%. The Land Registry also states that local first-time buyers are spending an average of £209,000 on their property which is £11,000 more than a year ago and £52,000 more than in June 2019.
But despite the latest drop, the Pembrokeshire prices don't reverse the longer-term trend which has seen property prices in the area grow by 4.7% over the last year, with the average house rising by £10,000. This puts the county sixth among Wales' 22 local authorities with price data for annual growth.
The Welsh county with the highest annual growth was in Monmouthshire where property increased by 7.6%. At the opposite end of the scale was Merthyr Tydfil which lost 5.7% of its value.
Pembrokeshire house prices take a 3% tumble
Pembrokeshire house prices tumbled by over 3% compared to the prices in May.
Latest figures released by the Land Registry confirm that the average Pembrokeshire house price in June stood at £230,164 marking a 3.1% drop since the previous month. As a result, county prices are now lower than the 0.5% rise which the the rest of the UK has seen.
The biggest Pembrokeshire fall was in detached properties which dropped by 3.4%. The Land Registry also states that local first-time buyers are spending an average of £209,000 on their property which is £11,000 more than a year ago and £52,000 more than in June 2019.
But despite the latest drop, the Pembrokeshire prices don't reverse the longer-term trend which has seen property prices in the area grow by 4.7% over the last year, with the average house rising by £10,000. This puts the county sixth among Wales' 22 local authorities with price data for annual growth.
The Welsh county with the highest annual growth was in Monmouthshire where property increased by 7.6%. At the opposite end of the scale was Merthyr Tydfil which lost 5.7% of its value.