HOUSE prices increased in both Flintshire and Wrexham during July, new figures show.
Prices were up by 1% in Flintshire and 2% in Wrexham, the figures reveal.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 13.5% annual growth.
The average Wrexham house price in July was £207,803, Land Registry figures show – a 2% increase on June.
Meanwhile, the average Flintshire house price in July was £213,694, Land Registry figures show –a 1% increase on June.
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Across the UK, the average UK house price leapt by 15.5% in the year to July, marking the biggest increase in 19 years.
But the increase in annual inflation was mainly because of “a base effect” from the falls in prices seen this time last year, as a result of changes in the stamp duty holiday, the ONS said.
Over the last year, the average sale price of property in Wrexham rose by £28,000 – putting the area sixth among Wales’s 22 local authorities with price data for annual growth.
Owners of terraced houses saw the biggest improvement in property prices in Wrexham in July – they increased 2.1%, to £157,613 on average. Over the last year, prices rose by 15.3%.
Owners of semi-detached houses saw the biggest improvement in property prices in Flintshire in July – they increased 1.2%, to £184,312 on average. Over the last year, prices rose by 13.8%.
Meanwhile, first-time buyers in Wrexham spent an average of £181,000 on their property – £25,000 more than a year ago, and £47,000 more than in July 2017.
First-time buyers in Flintshire spent an average of £180,000 on their property – £21,000 more than a year ago, and £45,000 more than in July 2017.
Buyers paid 2.8% less than the average price in Wales (£220,000) in July for a property in Flintshire. Across Wales, property prices are lower than those across the UK, where the average cost £292,000.
Buyers paid 5.5% less than the average price in Wales (£220,000) in July for a property in Wrexham.
Factfile
Average property price in July
Wrexham: £207,803
Flintshire: £213,694
Wales: £219,951
UK: £292,118
Annual growth to July
Wrexham: +15.8%
Flintshire: +13.5%
Wales: +17.6%
UK: +15.5%
