Just 1.1% House Price Inflation in Wales

Just 1.1% House Price Inflation in Wales

Property price growth in Wales has been slowing down recently, with the country experiencing only 1.1% inflation in the last 12 months.

The Office for National Statistics (ONS) has found that for the whole of the UK, house prices rose 7.2% in the year to February 2015. However, this is still down from 8.4% in the year to January 2015.¹

Annual property price increases were 7.4% in England, 6.4% in Scotland and 14.2% in Northern Ireland.¹

Despite the Wales figures indicating a significant slowdown, the ONS says that annual price growth is showing signs of slowing around most of the UK.

¹ http://www.ftadviser.com/2015/04/20/mortgages/houses-price-inflation-in-past-year-ADjp4xOgDgmq2AdXMH7tcP/article.html