House prices in Newport have gone down by an average of more than £800 in the month of May, according to figures from the Land Registry.
The latest data from the government department reveals that in May 2022 average house prices in Newport reached £225,453.
This was down from £226,256 in April, representing a 0.4 per cent decrease. In the last 12 months it has risen by 13.8 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Newport here.
How much have house prices decreased in Newport?
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
- Detached houses - Down to £393,541 from £396,710 in April
- Semi-detached houses - Down to £236,503 from £237,374 in April
- Terraced houses - Up to £172,688 from £172,625 in April
- Flats - Down to £118,659 from £119,471 in April
How do Newport house prices compare to the UK average?
The fall in prices this month means Newport is still below the UK average with typical property value in the nations reaching £283,496 in May.
In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.
How much could your house be worth?
We have created this map for the Wales so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Newport are the most expensive for average house prices.
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