House prices in Blaenau Gwent have seen the biggest annual fall in Wales and England, according to new figures. The average price in the county, whose main towns include Ebbw Vale and Tredegar, plunged by 15.7% to £61,860.
All regions across England have seen prices rise year-on-year, but in Wales they fell by 1.6% annually to £113,275 on average, says the Land Registry.
Overall, combined house prices for England and Wales lifted by 5.6% year-on-year to March to continue their growth at the fastest rate in nearly four years. But London property values are rising twice as quickly as the national average, with a 12.4% annual increase taking average prices in the capital to £414,490.
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