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It's not hard to miss Swansea and Gower on this property price map - and here's why...

By South Wales Evening Post  |  Posted: April 08, 2014

  • A map showing house price changes across the country over the past year - according to the Land Registry.

  • A close up of the Land Registry house prices map for the past year.

  • The Land Registry house prices map for the last five years.

  • A close-up of the Land Registry house prices map for the last five years.

Comments (3)

SEE that pinkish blob at the bottom of Wales on the map above - that’s Swansea and Gower, of course.

But it stands out, doesn’t it, probably because it's a different colour from most of the rest of England and Wales

The reason is, according to the most recent figures from the Land Registry, that where we live is one of the very few parts of the country to see a -4 per cent change or worse in house prices.

The map shows Swansea and Gower in stark contrast to most of the rest of the UK.

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The figures are based on actual sales, rather than prices in newsagents’ windows.

While much of London is painted blue, showing house price growth in the past year of around 20 per cent, and a large swathe of the country has seen growth of 5 per cent and above, the colours in Wales reveal a different story.

While Cardiff through to Neath and Port Talbot are painted green for growth, Ebbw Vale is a vivid purple, indicating decline of around 15 per cent.

Then there’s Swansea and Gower with their -4 per cent, West Wales with -1 or -2 per cent, and then mid-Wales with its 0-1 per cent.

The map for price changes over five years reveals a similar picture, if marginally improved for Swansea.

But some economists have warned the exceptional price growth in London is matching that of the period before the big price crash, which was not good news for the country as it left large numbers of people with significant negative equity - the gap between what they paid for their properties and what they were able to sell them for - which was frequently less.

At least in Swansea, house prices are remaining affordable for first-time buyers who have been hit by cost of living increases not necessarily covered by rises in income.

And recent figures from the Nationwide in March suggested a 5.2 per cent increase year on year for Wales, although it did not break the figures down for all counties.

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3 comments

  • BreadJules  |  April 09 2014, 1:24PM

    Get back to producing things and stop this obsession with your "property ladder" and house prices.

  • Dooyah  |  April 08 2014, 5:12PM

    A 10% rise in properties on the Irish Sea, North Sea and English Channel with some thin bands that cross over to Eire and Europe experiencing 20% increases.

  • Francis_Dunn  |  April 08 2014, 4:51PM

    If people in Swansea and Gower are trying to sell their properties by placing adverts in "newsagents' windows" it is hardly surprising that prices have dropped.

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