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Wales House Price Index

House Price Index for Wales

Data for Q1 2026 · Mortgaged residential property · Source: CACI MMDB

Average purchase price for mortgaged residential property in Wales
£267k
▲ +3.2% Annual (Q1 2025–Q1 2026) ▲ +0.2% Quarterly (Q4 2025–Q1 2026) ▼ -0.8% Mortgage application volumes (annual)
Average purchase price
£205k
▲ +2.6% QoQ
Average deposit
£37k
▲ +2.0% QoQ
Average monthly repayments
£915
▼ -0.4% QoQ
Volume of new mortgages
3,153
▼ -14% QoQ
Value of new mortgages
£533m
▼ -12% QoQ
Share of mortgages >90% LTV
25%
▼ -3.0pp QoQ

First Time Buyer activity softened, with new business volumes falling 14% to 3,153, though purchase prices and deposits edged higher. Cardiff continues to dominate both value and volume.

Average purchase price
£316k
▼ -0.6% QoQ
Average deposit
£105k
▼ -3.2% QoQ
Average monthly repayments
£1,257
▲ +1.7% QoQ
Volume of new mortgages
2,723
▼ -20% QoQ
Value of new mortgages
£572m
▼ -19% QoQ
Average value of new mortgages
£210k
▲ +17% since Q1 2021

Home Mover activity slowed sharply, with new mortgage volumes down 20% to 2,723. Affordability pressure persists as monthly repayments rose 1.7% to £1,257 – up 45% since Q1 2021.

Volume of new mortgages
1,237
▼ -5.9% QoQ
Value of new business
£144m
▼ -9.0% QoQ
Average monthly repayments
£685
▼ from £713
Cardiff new business value
£33m
▲ +3% QoQ / +26% YoY
Strongest growth – Ceredigion
£2.2m
▲ +106% QoQ
Largest fall – Vale of Glamorgan
£5.6m
▼ -45% QoQ

Buy-to-Let activity dipped after two quarters of growth, with new business value down 9% to £144m. Cardiff remains the largest market at £33m – its highest since Q4 2022.