House prices dropped by 1.7% – more than the average for Wales – in Carmarthenshire in February, new figures show.

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 14.8% annual growth – the highest in Wales.

The average Carmarthenshire house price in February was £213,785, Land Registry figures show – a 1.7% decrease on January.

Over the month, the picture was worse than that across Wales, where prices decreased 0.6%, and Carmarthenshire underperformed compared to the 1% drop for the UK as a whole.

Over the last year, the average sale price of property in Carmarthenshire rose by £28,000 – putting the area top among Wales’s 22 local authorities with price data for annual growth.

At the other end of the scale, properties in Gwynedd lost 1.3% of their value, giving an average price of £201,000.

Winners and Losers

Owners of terraced houses fared worst in Carmarthenshire in February – they dropped 1.9% in price, to £152,466 on average. But over the last year, prices rose by 14.6%.

Among other types of property:

  • Detached: down 1.4% monthly; up 15.1% annually; £292,324 average
  • Semi-detached: down 1.8% monthly; up 14.9% annually; £188,230 average
  • Flats: down 1.4% monthly; up 11.5% annually; £119,960 average

First steps on the property ladder

First-time buyers in Carmarthenshire spent an average of £188,000 on their property – £24,000 more than a year ago, and £66,000 more than in February 2018.

By comparison, former owner-occupiers paid £241,000 on average in February – 27.9% more than first-time buyers.

How do property prices in Carmarthenshire compare?

Buyers paid 0.7% less than the average price in Wales (£215,000) in February for a property in Carmarthenshire. Across Wales, property prices are roughly the same as those across the UK, where the average cost £288,000.

The most expensive properties in Wales were in Monmouthshire – £365,000 on average, and 1.7 times as much as more than in Carmarthenshire. Monmouthshire properties cost 2.7 times as much as homes in Blaenau Gwent (£137,000 average), at the other end of the scale.

The highest property prices across the UK were in 160.


Average property price in February

  • Carmarthenshire: £213,785
  • Wales:£215,343
  • UK: £287,506

Annual growth to February

  • Carmarthenshire: +14.8%
  • Wales: +6.4%
  • UK: +5.5%

Best and worst annual growth in Wales

  • Carmarthenshire: +14.8%
  • Gwynedd: -1.3%