Three areas of Wales are the cheapest per square metre of property in the UK. Blaenau Gwent, Merthyr Tydfil and Neath Port Talbot, were amongst the five cheapest areas according to new figures from the Office of National Statistics.
When it came to Cardiff, the ONS found that the price per square metre was £2,161, compared with £777 per metre in Blaenau Gwent.
In Cardiff, the cost per habitable room in 2016 was £46,137 the highest in Wales. That has increased by more than £8,000 in 2012. The Vale of Glamorgan was the second most expensive at £44,386.
London were the areas which had the highest cost per square metre, with Kensington and Chelsea came the highest at £19,439 in 2016.
Ross Hooper-Nash, Managing Director of Jeffrey Ross, said: “These figures show what a buoyant property market we have in Cardiff at the moment and that even when we are facing political and economic uncertainty with Brexit that property prices in the capital are on the up.”