HOUSE prices in Pembrokeshire and Ceredigion have seen sharp fall in the first quarter of 2025.

The figures have been released by Principality Building Society in its Wales House Price Index for Q1 2025 (January – March), which demonstrates the rise and fall in house prices in each of the 22 local authorities in Wales.

Principality’s report shows that Pembrokeshire has recorded the largest annual drop in house prices in the region, decreasing by 4.8% to an average price of £238,730, though this figure is still higher than the national average.

In Ceredigion house prices saw a double-digit quarterly drop of 10.1% and 3.2% annual fall to an average price of £241,321. Despite a quarterly dip of 2.3%, the report presents a positive picture for Carmarthenshire with house prices up 2.7% from last year’s price to an average of £221,370.

On a national level, the average price of a home sold in Wales increased to £238,413 in the first quarter of 2025, up 2.2% on the previous quarter and 4.0% higher than the same period last year.

While affordability challenges remain, the steady rise in both prices and the number of transactions – which reached 10,000 in Q1 (up 20% on last year) – suggests buyer confidence is still growing, despite households continue to navigate cost-of-living pressures, an elevated rates environment and global economic uncertainty.

Overall, Principality Building Society research, based on HM Land Registry data, reveals that price declines in regional areas have eased over the past three quarters compared to the same period last year, offering some signs of stability for buyers and sellers in a shifting market.

Speaking about the Q1 House Price Index, Iain Mansfield, Chief Financial Officer at Principality Building Society, said:

“The housing market in Wales has had a positive start to 2025, with prices rising quarter on quarter at their fastest pace in over two years.

Despite a challenging economic backdrop, we’re seeing a year-on-year growth of transactions, spurred on by supply challenges and falling rates. Meanwhile, affordability remains a key factor shaping the market landscape.”

A key driver of the year-on-year transaction growth could be the ongoing supply issues with the last 25 years seeing a notable decline in house building in Wales.

Significant policy changes such as the extension of the Welsh Government’s Help to Buy scheme, second home tax adjustments, and plans to build more affordable housing aim to combat this challenge and curb investor activity.

Iain continues: “Across Westminster and Wales, housing is high on the agenda. Looking ahead, the UK Government remains publicly committed to extensive planning reforms – setting out an ambitious target to build 1.5 million homes over the next 5 years, representing a significant shift in the UK’s housing landscape.

“This, paired with the Welsh Government’s Help to Buy Wales extension and additional £10 million investment allocated to kickstart housing schemes across Wales signals a clear message that policymakers recognise the importance of housing to families and individuals across the country.

“Despite external pressures such as cost of living, inflation, and global economic pressures, the housing market in Wales is moving forward in a positive direction, with increased consumer confidence and areas of strong regional performance.

Principality Building Society is dedicated to working with housing associations and other developers to deliver sustainable housing solutions for communities across Wales as part of the solution; providing affordable, quality homes.”

Principality Building Society, a mutual organisation which is owned by Members, and not shareholders, aims to support and build a society of savers where everyone has a place to call home. For more information go to: www.principality.co.uk/mortgages/house-price-index.

Landowner says man fled across fields as woman arrested

A LARGE police presence was reported at Bramble Hall Farm in Pembroke Dock on Friday (May 16), with around eight police vehicles seen entering the site at approximately 3:00pm.

Witnesses described the scene as resembling a “major operation,” with officers searching the extensive premises, now operating as a scrapyard. The Herald understands that police were looking for a man and a woman, with the male suspect believed to be wanted on recall to prison.

The farm’s owner, Sean Burns, told The Herald: “They were looking for a boy and a girl, but they didn’t get him—he ran away across the fields. They got the girl though. I think she has been arrested.”

A young woman at the farm corroborated the story when the Herald made inquiries by telephone.

No official statement has yet been issued by Dyfed-Powys Police, and The Herald is withholding names until formal confirmation is received.

The search resumed later in the day, with officers returning to continue their enquiries into the evening.

In a separate incident on Thursday (May 15), fire crews were called to the farm to extinguish a large fire reportedly lit by Mr Burns. The blaze, involving a pile of rubbish and wood over 10 feet high, was deemed hazardous due to the risk of spreading and the potential presence of dangerous items such as gas cylinders.

“There were about 20 firemen here,” said Mr Burns. “Loads of them. I don’t know why there was a problem—I already phoned control and told them I was gonna set the fire.”

Mid and West Wales Fire and Rescue Service confirmed their attendance and advised that the fire posed a risk to surrounding structures and vehicles.

This marks at least the third time emergency services have been called to Bramble Hall Farm in recent months. A previous incident involved a fire in a portacabin filled with tyres that spread to several scrap vehicles, while another incident is believed to involve suspected arson at a residential building on the site. Police are investigating both cases.

The Herald has contacted Dyfed-Powys Police and Mid and West Wales Fire and Rescue Service for comment.

(Photo: File image of police at the farm)

A YOUNG man has been jailed after a teenager was stabbed during a violent confrontation near McDonald’s in Milford Haven last summer.

The incident happened on the night of August 24, 2024, when a group of friends were confronted near the Victoria Bridge and later outside the fast food restaurant.

MCAULEY BROWN, aged 18, of Tower View, Marloes, pleaded guilty on the day of his trial at Swansea Crown Court to inflicting grievous bodily harm and threatening another man with a knife. The court heard he used what appeared to be a six-inch “zombie knife” to stab one of the victims in the shoulder and slash at another.

Two other teenagers — HAYDN BLOCKWELL, 18, of James Street, Hakin, and HAYDN ASHTON, 19, of Larch Road, Milford Haven — also admitted their roles in the incident by pleading guilty to affray.

Prosecutor Helen Randall told the court that the victims were initially threatened while crossing Victoria Bridge, as the defendants shouted from a passing car: “We’ll stab you up” and “We’ll shut you up”.

Shortly afterwards, the vehicle returned and stopped near the McDonald’s. All three defendants got out. Brown, wearing a balaclava, punched one of the men before drawing a knife from his waistband and slashing at another victim while yelling: “I’ll slice you.”

The victim sustained cuts to his torso and fingers before being stabbed in the shoulder. He did not immediately realise he had been stabbed and only sought medical help after returning home.

Blockwell, who was unarmed, followed one of the victims shouting threats, while Ashton was said to be carrying a metal pole. All three fled the scene laughing after the stabbing, the court was told.

Police arrested the defendants shortly afterwards. Phone evidence showed that the driver — who has not been charged in connection with the violence — searched online for legal advice about stabbing incidents and exchanged messages with Ashton discussing what they might tell police.

Brown also admitted criminal damage after carving his initials into a police cell door.

Judge Huw Rees sentenced Brown to three years and two months in a Young Offender Institution. Blockwell was handed a 16-month term but was released immediately due to time served on remand. Ashton received a 13-month sentence, suspended for 18 months, and must complete 150 hours of unpaid work and 15 rehabilitation activity requirement days.

Brown had previous youth cautions for possession of a bladed article and common assault. The court heard that all three defendants expressed remorse for their actions.