House prices in Wales have reached an all-time peak, with the average property across the country now costing £184,722.

Five areas achieved new record average prices in September 2018.

£260,44 Average house price in the Vale of Glamorgan

£217,26 Average house price in Powys

£136,18 Average house price in the Rhondda Cynon Taf

The highest price rises annually show a concentration in the south-east corner of Wales.

Principality Building Society, who complied the figures for July to September, say this indicates that the abolition of the Severn Bridge tolls this December has increased the commuter belt from Bristol.

The abolition of bridge tolls will save daily commuters between Wales and Bristol up to £1,400 per year.

The average house price in Bristol is £310,000.

Principality Building Society also say that Brexit negotiations have had an effect on the number of first time buyers.

Overall sales volumes are 3% lower than a year earlier which reflects the sense of caution in the market. Tom Denman, Chief Financial Officer at Principality Building Society

There are only two local authorities in Wales - the Vale of Glamorgan and Cardiff - where the rise in house prices has grown faster the Consumer Price Index (CPI), which measures the rate of inflation in the UK.