House prices dropped by 1.1% – more than the average for Wales – in Pembrokeshire in November, new figures show.

But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 1.5% over the last year.

The average Pembrokeshire house price in November was £241,560, Land Registry figures show – a 1.1% decrease on October.

Over the month, the picture was different to that across Wales, where prices decreased 0.3%, and Pembrokeshire was lower than the 0.8% drop for the UK as a whole.

Over the last year, the average sale price of property in Pembrokeshire rose by £3,700 – putting the area fourth among Wales’s 22 local authorities with price data for annual growth.

The highest annual growth in the region was in Ceredigion, where property prices increased on average by 2.2%, to £264,000. At the other end of the scale, properties in Merthyr Tydfil lost 12.1% of their value, giving an average price of £135,000.

First steps on the property ladder

First-time buyers in Pembrokeshire spent an average of £217,200 on their property – £3,300 more than a year ago, and £66,000 more than in November 2018.

By comparison, former owner-occupiers paid £268,700 on average in November – 23.7% more than first-time buyers.

Property types

Owners of terraced houses saw the biggest fall in property prices in Pembrokeshire in November – they dropped 1.4% in price, to £178,701 on average. But over the last year, prices rose by 0.7%.

Among other types of property:

How do property prices in Pembrokeshire compare?

Buyers paid 13.5% more than the average price in Wales (£213,000) in November 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 – £358,000 on average, and 1.5 times the price as in Pembrokeshire. Monmouthshire properties cost 2.9 times the price as homes in Blaenau Gwent (£123,000 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 November

Annual change to November

Highest and lowest annual growth in Wales