Figures reveal how much house prices have gone up across the CF postcode area...

NEW figures have shown the enormous rise in house prices across South Wales.

In some parts of the CF postcode area, homes are selling for £300,000 more than they were in the year 2000.

The data comes from the website Rightmove and clearly shows why young people in Wales are struggling to get onto the housing ladder.

It compares house prices in the summer of 2000 to the summer of 2018. Some places have seen more of a change than others.

The biggest increase has been seen in the CF41 postcode area, which covers Pentre, near Treorchy in the Rhondda. Prices there have risen by 329%.

It’s followed by CF42, in Treorchy, where prices have risen by 250.68% and CF47 in Merthyr Tydfil, which has seen a 250.64% increase, CF71 in Cowbridge (237.26%) and CF32 in Bridgend (221.71%)

The smallest increases were in CF34, Maesteg, where prices rose by 93.70%, CF31 in Bridgend (126.56%), CF38 in Pontypridd (149.96%), CF11 in Cardiff, which covers the International Sports Village, Leckwith, Grangetown, Riverside and Pontcanna (151.38%) and CF61 in Llantwit Major (153.56%).

The most expensive areas are CF71 in Cowbridge, where the average house price in August 2018 was £437,599, CF64 in Penarth and Dinas Powys (£304,614), CF14 in Cardiff, which includes Llandaff North, Maindy, Coryton, Birchgrove, Llanishen, Thornhill and Lisvane (£299,994), CF23 in Cardiff, which includes Penylan, Cyncoed, Pentwyn and Pontprennau (£299,135) and CF15, which includes Tongwynlais, Taff ’s Well and Nantgarw (£280,292).

The cheapest average house price areas in August were CF43 in Ferndale (£57,681), CF45 in Mountain Ash (£80,958), CF40 in Tonypandy (£89,311), CF41 in Pentre (£95,429)

(£95,552).

Douglas Haig, MD of property business The Seraph Group and vice-chairman and director for Wales of the Residential Landlord Association, believes there are signs of prices continuing their rise – especially in the Welsh captial.

He said: “There is currently overall uncertainty within the market, mainly due to Brexit, but there are indicators pushing in both directions that will support house price growth.

“Whenever there is great uncertainty people tend to only sell houses if they have to, usually divorce, death or a job change. This reduces transaction numbers but also supports prices because of the low numbers of properties on the market.

“Whilst you also have downward indicators like interest rates rising slightly and further rises on the agenda, you also have more upward indicators like very low unemployment and higher wage growth meaning people can afford more.

“There is also still a low number of and CF42 in Treorchy