House prices in Carmarthenshire have seen a further growth, albeit a minor 0.4 per cent.

The latest boost contributes to the longer-term trend which has seen property prices in the area achieve a healthy 14.9 per cent annual growth.

The average Carmarthenshire house price in February was £194,890 and Land Registry figures show  a 0.4% increase since January.

Over the month, the picture was better than that across Wales, where prices decreased 0.7% however Carmarthenshire underperformed compared to the rest of the UK which saw a 0.5 per cent rise.

Over the last year, the average sale price of property in Carmarthenshire rose by £25,000, putting the area ninth among Wales’s 22 local authorities with price data for annual growth.

Owners of flats saw the biggest price improvement in February, when they rose to an average of £111,723. Over the last year, prices rose by 9.4%.

Other price increases included detached properties which fetched a £266,487 average, semi-detached fetching £171,030 and terraced which rose to £139,199.

First time buyers spent an average of £171,000, which was £22,000 more than in 2021 and £56,000 more than in February 2017.

Carmarthenshire buyers paid five per cent less than the average price in Wales  which currently stands at £205,000, and across Wales, property prices are lower than those in the UK, where the average cost is £277,000.