House prices dropped by 1.9% in Pembrokeshire in December, new figures show.

But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 2% over the last year.

The average Pembrokeshire house price in December was £244,317, Land Registry figures show – a 1.9% decrease on November.

Over the month, the picture was different to that across Wales, where prices increased 0.9%, and Pembrokeshire was lower than the 0.1% rise for the UK as a whole.

Over the last year, the average sale price of property in Pembrokeshire rose by £4,800 – putting the area second among Wales’s 22 local authorities with price data for annual growth.

The highest annual growth in the region was in the Vale of Glamorgan, where property prices increased on average by 4.7%, to £323,000. At the other end of the scale, properties in Ceredigion lost 11.4% of their value, giving an average price of £233,000.

First steps on the property ladder

First-time buyers in Pembrokeshire spent an average of £220,200 on their property – £4,800 more than a year ago, and £65,200 more than in December 2018.

By comparison, former owner-occupiers paid £271,200 on average in December – 23.2% more than first-time buyers.

Property types

Owners of terraced houses saw the biggest fall in property prices in Pembrokeshire in December – they dropped 2.1% in price, to £180,642 on average. But over the last year, prices rose by 1.1%.

Among other types of property:

How do property prices in Pembrokeshire compare?

Buyers paid 14.3% more than the average price in Wales (£214,000) in December for a property in Pembrokeshire. Across Wales, property prices are low compared to those across the UK, where the average cost is £285,000.

The most expensive properties in Wales were in Monmouthshire – £348,000 on average, and 1.4 times the price as in Pembrokeshire. Monmouthshire properties cost 2.7 times the price as homes in Blaenau Gwent (£131,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in December

Annual change to December

Highest and lowest annual growth in Wales