Cardiff property prices stable

It said that average house prices in the city increased 4.1% in 2007 (up from £176,270 in 2006) but the overall number of property sales in Cardiff was down 27.6%.

Terraced homes proved the most popular properties, making up 40.5% of sales in 2007 and 42% in 2006. They also experienced the strongest price growth, 7.4%.

Apartments were the weakest performing property type in 2007, with prices down by 1.5%, partly fuelled by an oversupply in the city centre. Between 2001 and 2003, apartments commanded a higher average price than terrace homes - 7.9% higher in 2001, but in 2007 this came full circle with the average price of a terraced home now 12% higher than apartments.