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Wales house prices rising in latest Land Registry figures

The statistics showed a 5% increase in the price of homes in Wales

Clydach Vale, Rhondda Cynon Taf (Image: South Wales Echo)

Wales house prices increased by 5% in the year to April 2020 according to the Land Registry.

The latest figures showed house prices were growing faster than the º£½ÇÊÓÆµ annual rate of 2.6% over the same period.

In Wales, 21 out of 22 local authority areas showed an increase in average prices in April 2020 when compared with April 2019.

Agents said lower transactions due to lockdown should mean the data is treated with some caution.

The most expensive area to live in was Monmouthshire, where the cost of an average house was £267,831.

In contrast, the cheapest area to purchase a property was Blaenau Gwent, where an average house cost £87,693.

The biggest increase was in Rhondda Cynon Taf where prices rose nearly 16% to £126,785.

Of all property types, terraced houses showed the biggest annual growth, rising by 7.2% in the year to April 2020, to £134,051.