House prices increased by 0.5% – more than the average for Wales – in Powys in June, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 0.3% over the last year.

The average Powys house price in June was £242,261, Land Registry figures show – a 0.5% increase on May.

Over the month, the picture was similar to that across Wales, where prices increased 0.2%, but Powys was lower than the 0.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Powys rose by £810 – putting the area 15th among Wales’s 22 local authorities with price data for annual growth.

The highest annual growth in the region was in Merthyr Tydfil, where property prices increased on average by 9.9%, to £162,000. At the other end of the scale, properties in Pembrokeshire lost 6.1% of their value, giving an average price of £227,000.

First steps on the property ladder

First-time buyers in Powys spent an average of £211,860 on their property – £280 more than a year ago, and £56,060 more than in June 2018.

By comparison, former owner-occupiers paid £271,310 on average in June – 28.1% more than first-time buyers.

Property types

Owners of terraced houses saw the biggest rise in property prices in Powys in June – they increased 0.8%, to £166,512 on average. Over the last year, prices dropped by 0.2%.

Among other types of property:

How do property prices in Powys compare?

Buyers paid 13.5% more than the average price in Wales (£213,000) in June for a property in Powys. Across Wales, property prices are low compared to those across the UK, where the average cost is £288,000.

The most expensive properties in Wales were in Monmouthshire – £357,000 on average, and 1.5 times the price as in Powys. Monmouthshire properties cost 2.9 times the price as homes in Blaenau Gwent (£125,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, with an average price of £1.3 million.

Factfile

Average property price in June

Annual growth to June

Highest and lowest annual growth in Wales