Property for sale in Pembrokeshire

Real estate prices in Pembrokeshire are influenced by several key factors, including location, property type, and local amenities. Coastal areas, particularly towns like Tenby and Saundersfoot, often see higher prices due to their demand as tourist hotspots. For instance, prices for seaside homes in Tenby can range from £250,000 for a modest flat to over £1 million for larger, more luxurious properties with sea views. Additionally, the quality of schools and proximity to healthcare facilities can impact prices; homes near highly rated schools often sell for 10-15% more than similar properties further away. The availability of public transport also plays a role; properties near railway stations, like in Narberth, tend to be more desirable. Additionally, Pembrokeshire's appeal for outdoor enthusiasts boosts interest in rural properties, with price ranges varying significantly depending on land size and views, showcasing that variations in the local market are influenced by both economic and demographic factors.

Over the past few years, real estate prices in Pembrokeshire have experienced a notable increase. According to the Land Registry, the average house price in Pembrokeshire rose from approximately £190,000 in 2019 to around £235,000 by mid-2022, representing an increase of about 24%. Coastal towns such as Tenby and Saundersfoot have seen even steeper rises, with Tenby witness a surge from £300,000 to nearly £400,000 for average properties, reflecting a 33% increase. Similarly, properties in Narberth and Haverfordwest have reported average price jumps of around 20%, driven by increased demand from both local buyers and those looking for holiday homes. Another factor contributing to this rise has been low interest rates and government incentives, which fueled the market further. The rental market has also tightened, with some areas seeing rental prices increase by over 10%, highlighting the growing interest in Pembrokeshire as a desirable location.

As of late 2023, the average price of a home in Pembrokeshire is approximately £260,000. This figure can vary significantly depending on the location within the county; for instance, homes in the popular coastal town of Tenby often command higher prices, averaging around £350,000, while more rural areas like Fishguard may see averages closer to £215,000. The type of property also influences pricing, with detached houses averaging £370,000, compared to semi-detached homes at about £230,000. Flats and apartments tend to be more affordable, with averages around £175,000. The real estate market in Pembrokeshire can fluctuate based on demand, especially during the tourist season, which often drives prices up in sought-after locations.

Property prices in Pembrokeshire tend to be higher near the coast due to the appeal of seaside living. For instance, as of late 2023, properties in coastal towns like Tenby and Saundersfoot often fetch prices significantly above the county average. In Tenby, the average property price hovers around £350,000, while waterfront homes can exceed £800,000, particularly for those with panoramic sea views. In Saundersfoot, the average price is approximately £325,000, with some coastal properties reaching upwards of £1 million. Conversely, properties located further inland, such as in places like Pembroke or Haverfordwest, generally see prices around £200,000 to £250,000, highlighting a clear price gradient associated with proximity to the coast.

Property prices in Pembrokeshire tend to be more affordable compared to neighboring areas like Ceredigion and Carmarthenshire. As of late 2023, the average price for a detached house in Pembrokeshire stands at around £335,000, while in Ceredigion, the same type of property can reach approximately £389,000. In comparison, Carmarthenshire sees average prices for detached homes at about £300,000. For terraced properties, Pembrokeshire averages around £185,000, whereas in nearby areas, Ceredigion's average is about £215,000, indicating a notable price difference. Additionally, Pembrokeshire's coastal towns, such as Tenby, show a wide range of prices, with some homes listed well over £500,000, influenced by their proximity to the seafront and local amenities, unlike more inland areas where prices remain significantly lower.

In Pembrokeshire, properties with coastal views and proximity to popular tourist destinations tend to be more expensive, often reaching prices between £300,000 and £600,000. Coastal properties in towns like Tenby and Saundersfoot frequently command higher values due to their desirable locations and stunning sea views, with some luxury homes exceeding £1 million. Modern family homes in sought-after villages such as Narberth or St. Davids can range from £250,000 to £500,000, depending on the size and amenities. Additionally, larger period homes or converted barns in the countryside are also in demand, with prices typically ranging from £400,000 to £750,000, especially if they come with extensive land or unique character features. Properties in conservation areas or historic sites often carry a premium, reflecting their heritage and the local charm of the Pembrokeshire landscape.

The local economy in Pembrokeshire significantly influences real estate prices, primarily driven by factors such as tourism, agriculture, and employment opportunities. For instance, the Pembrokeshire coast is a national park, attracting over 6 million visitors annually, which boosts the demand for vacation rentals and second homes. This increase contributes to property prices soaring to an average of approximately £250,000 by late 2023, compared to the UK average of around £290,000. The agricultural sector also plays a role; Pembrokeshire's farming contributes roughly £60 million to the local economy, sustaining communities and providing stable employment, which stabilizes housing demand. Additionally, developments in local infrastructure, such as the planned £7.1 million investment in improving the A40 road, can enhance accessibility and drive property values upward. Local employment rates, averaging around 77%, further influence real estate as higher employment typically correlates with increased purchasing power and higher demand for housing. The juxtaposition of rural charm and economic development makes Pembrokeshire's property market distinctly sensitive to these local economic dynamics.