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Average House Price in Wales Is £174,000

The figure comes from the Principality's House Price Index.

The average house price in Wales has reached a new high of £174,319 during the first quarter of the year.

The figures come from the Principality's first House Price Index.

The report finds the average house price in Swansea stands at £169,587.

In Neath Port Talbot people can expect to pay £122,948 and £154,893 for properties in Carmarthenshire.

Tom Denman, Interim Finance Director at Principality Building Society, said: "While the average house price in Wales has steadily climbed to reach a new high, there are signs that the market is cooling slightly. 

"While higher employment, consumer confidence and low interest rates have helped to keep the market demand steady, a rise in the cost of living could result in house prices growing at a more modest rate during the rest of the year."

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