House prices increased slightly, by 0.2%, in Pembrokeshire in March, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 0.8% over the last year.

The average Pembrokeshire house price in March was £227,679. Land Registry figures show a 0.2% increase on February.

Over the month, the picture was different to that across Wales, where prices increased 0.9%, and Pembrokeshire was lower than the 0.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Pembrokeshire rose by £1,900 – putting the area ninth 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 4%, to £244,000. At the other end of the scale, properties in Merthyr Tydfil lost 13.7% of their value, giving an average price of £131,000.

First steps on the property ladder

First-time buyers in Pembrokeshire spent an average of £206,000 on their property – £2,800 more than a year ago, and £56,000 more than in March 2019.

By comparison, former owner-occupiers paid £251,700 on average in March – 22.2% more than first-time buyers.

Property types

Owners of semi-detached houses saw the biggest rise in property prices in Pembrokeshire in March – they increased 0.4%, to £203,183 on average. Over the last year, prices rose by 2.2%.

Among other types of property:

How do property prices in Pembrokeshire compare?

Buyers paid 6.5% more than the average price in Wales (£214,000) in March for a property in Pembrokeshire. Across Wales, property prices are low compared to those across the UK, where the average cost is £283,000.

The most expensive properties in Wales were in Monmouthshire – £340,000 on average, and 1.5 times the price as in Pembrokeshire. Monmouthshire properties cost 2.6 times the price as homes in Merthyr Tydfil (£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 March

Annual growth to March

Highest and lowest annual growth in Wales