CITY HOUSE PRICE GROWTH SLOWS TO 2 PER CENT

Annual house price growth in Newport has slowed to 2 per cent, according to Land Registry figures. House price figures for sales completed in March 2008 averaged £143,392 compared to £140,608 a year ago. Prices fell by 0.7 per cent when compared to February 2008. The price of a detached property averages £261,891.

NEWPORT PROPERTY PRICES March 2001- March 2008
March 2001 £62,232
March 2002 £69,447 (11.4 per cent increase)
March 2003 £87,518 (26.0 per cent)
March 2004 £107,120 (22.4 per cent)
March 2005 £124,880 (16.6 per cent)
March 2006 £130,983 (4.9 per cent)
March 2007 £140,608 (7.3 per cent)
March 2008 £143,392 (2.0 per cent)