Gwent house prices on the up (From Campaign Series)

Gwent house prices on the up

12:30pm Monday 1st February 2010

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HOUSE prices in most of Gwent rose over the last two months of 2009, new Land Registry figures show.

Property sales in December saw average values on sales grow steadily on November in Newport, Torfaen, Monmouthshire and Caerphilly, but fall in Blaenau Gwent.

Prices in Newport rose by 1.59 per cent, reaching an average of £120,517.

Torfaen saw the second highest rise – 0.52 per cent to £107,352 – while prices rose by 0.52 per cent to an average of £177,180 in Monmouthshire.

Prices also grew by 0.33 per cent to an average of £99,268 in Caerphilly.

But the value of Valleys homes in Blaenau Gwent continued to slide – by 0.79 per cent to £79,504.

All areas saw a fall year on year from December 2008 to 2009, with the exception of Monmouthshire which recorded an increase of 1.7 per cent.

Meanwhile more houses changed hands in October than September in three areas, according to the latest figures available.

Alan Darlow, Roberts and Co director, said modern housing developments were now getting better prices than they saw before the recession, while offers were also coming in closer to asking prices.

He added: “Its getting to the stage that people think if they don’t buy know they might miss the boat.”

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