Despite a slight drop in April, house prices in Powys have actually risen slightly over the past year. The average price tag on a property in Powys now stands at £240,056, a tiny 0.1% increase compared to April 2022.
This mini dip follows a trend across Wales, with house prices dropping by 2.1% in April. However, the drop in Powys was smaller than the UK average, which saw a rise of 0.3%.
If we’re looking at the Welsh property market overall, Powys sits comfortably in 11th place out of 22 local authorities in terms of annual house price growth.
Gwynedd takes the crown with the highest annual growth, enjoying a 6.4% surge in property values. On the flip side, Merthyr Tydfil saw the biggest drop, with house prices tumbling by 11.6%.
First-time buyers splash out
Thinking of taking that first step onto the property ladder in Powys? Be prepared to shell out a bit more than last year.
The average price for first-time buyers in Powys is now £211,800, a whole £1,600 pricier than a year ago. That’s a considerable jump from April 2019 when first-time buyers were spending £50,500 less.
Detached dreams lose some shine
For those lucky enough to own detached houses in Powys, April brought a slight dip in property value. Prices for these homes dipped by 1.1%, settling at an average of £316,906.
Looking back over the past year, detached house prices have actually fallen by 1.2%.
Powys vs the rest
If you’re looking for a bargain, Powys might not be your best bet.
Homes here fetched a 15.3% premium compared to the average house price in Wales (£208,000) during April.
However, remember that Wales as a whole offers more affordable housing options than the UK average, where you’ll be looking at a hefty £281,000 price tag.
Big spenders head to Monmouthshire
For those with deeper pockets, Monmouthshire holds the title for the priciest properties in Wales, with an average house price of £350,000.
That’s a whopping 1.5 times higher than what you’d pay in Powys. At the opposite end of the spectrum lies Blaenau Gwent, where houses go for a steal at £128,000 – making them 2.7 times cheaper than their Monmouthshire counterparts.
At a glance:
Here’s a quick breakdown of average house prices in April:
| Location | Average Price | Annual Change |
| Powys | £240,056 | +0.1% |
| Wales | £208,184 | +0.4% |
| UK | £281,373 | +1.1% |
Highest and lowest annual growth in Wales:
- Highest: Gwynedd: +6.4%
- Lowest: Merthyr Tydfil: -11.6%