The common home value in Wales was £238,098 within the second quarter of 2025, up 0.7% year-on-year and simply 4.6% under its peak of £249,000 in 2022.
This is in accordance with the newest figures from the Wales House Price Index from Principality Building Society in its Wales House Price Index for the second quarter.
Despite ongoing affordability pressures, the elevated variety of transactions – over 10,000 in Q2 (up 13% on final yr) – pointed to rising purchaser confidence.
Torfaen recorded the best quarterly value change of any native authority at 14%, pushed by periodic high-value gross sales and restricted housing provide. Carmarthen additionally reported a rise of 6.3%, whereas Flintshire noticed a 3.3% quarterly rise.
However different areas, together with Gwynedd, noticed costs fall within the second quarter, dropping 7.3% from the primary quarter of 2025. A drop seemingly influenced by coverage shifts such because the Welsh Government’s changes to second residence taxation and the affect of recent planning rules.
Commenting on the newest information, Principality chief monetary officer Iain Mansfield says: “The housing market in Wales continued to stabilise within the second quarter of 2025, with costs holding broadly flat in comparison with the beginning of the yr. Encouragingly, the regular enhance in transaction volumes alerts rising confidence amongst patrons.”
He added: “While market situations stay difficult, a downward development in mortgage charges helps to create a extra beneficial surroundings for patrons. This shift is contributing to a gradual uplift in shopper confidence as we transfer into the second half of 2025.”
