House prices in Gwynedd crept up by 0.9 per cent in August, contributing to a 0.7 per cent rise over the last 12 months.

The latest data from the Office of National Statistics shows that the average property in the area sold for £149,355 – significantly lower than the UK average of £232,797.

Across Wales, property prices have risen by 6.2 per cent in the last year, to £162,374.

The region outperformed the UK as whole, which saw the average property value increase by 3.2 per cent.

The average homeowner in Gwynedd will have seen their property jump in value by around £15,000 in the last five years.

The figures also showed that buyers who made their first step onto the property ladder in Gwynedd in August spent an average of £130,899 – around £13,000 more than it would have cost them five years ago.

Between July last year and June this year, the most recent 12 months for which sales volume data is available, 1,765 homes were sold in Gwynedd, one per cent more than in the previous year.

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