Slight Rise Recorded In House Prices
Thu 30 Jan 2014
House prices in South Wales have risen slightly since November, according to Land Registry figures.
The average Welsh house price remained unchanged from November at an average of 118,268, which is 3.5% higher than a year ago.
The result recorded a 2.3% rise in Bridgend, a 3.7% rise in Cardiff, a 2.6% rise in Caerphilly, a 1.4% rise in Merthyr and a 1.8% rise in the Vale of Glamorgan.
Meanwhile, there was a fall in Rhondda Cynon Taff of 0.1%.
Peter Rollings, of estate agent Marsh & Parsons, said: "Demand is growing, competition is heating up and first-time buyers are rushing back to the market as improved lending conditions stimulate movement at all levels"