House prices dropped slightly in Powys in September, new figures show.

But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 2.8% annual growth.

The average Powys house price in September was £196,122, Land Registry figures show – a 0.3% decrease on August.

Over the month, the picture was better than that across Wales, where prices decreased 1.9%, but Powys underperformed compared to the 1.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Powys rose by £5,400 – putting the area 14th among Wales’s 22 local authorities for annual growth.

The best annual growth in the region was in Torfaen, where properties increased on average by 6.8%, to £161,000. At the other end of the scale, properties in the Vale of Glamorgan remained level at £231,000.

Winners and Losers

Owners of flats fared worst in Powys in September – they dropped 0.8% in price, to £84,158 on average​. Over the last year, prices dropped by 1.4%.

Among other types of property:

Detached: down 0.1% monthly; up 2.7% annually; £261,003 average

Semi-detached: down 0.6% monthly; up 3.4% annually; £174,244 average

Terraced: down 0.3% monthly; up 2.8% annually; £136,618 average

First steps on the property ladder

First-time buyers in Powys spent an average of £​172,300 on their property – ​£4,600 more than a year ago, ​and ​£26,300 more than in Sep-15.

By comparison, former owner-occupiers paid £​218,700 on average in September​ – 27.0% more than first-time buyers.

How do property prices in Powys compare?

​Buyers paid 15.0% more than the average price in Wales (£171,000) in September for a property in Powys. Across Wales, property prices are lower than those across the UK, where the average cost £245,000.

The most expensive properties in Wales were in Monmouthshire – £281,000 on average, and 1.4 times as much as in Powys. Monmouthshire properties cost 2.9 times as much as homes in Blaenau Gwent (£97,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average September sale price of £1.3 million could buy 15 properties in Burnley (average £88,000).

Factfile

Average property price in September

Powys: £196,122

Wales: £170,604

UK: £244,513

Annual growth to September

Powys: +2.8%

Wales: +3.8%

UK: +4.7%

Best and worst annual growth in Wales

Torfaen: +6.8%

The Vale of Glamorgan: 0.0%