Prices fell most sharply in Blaenau Gwent, down 19.9% compared with a a year ago Wales has experienced a sharp fall in house prices, down 3.3% on the month and 7.2% year on year.
Latest figures from the Land Registry shows Wales suffered the biggest drop in prices compared with England.
In Blaenau Gwent, prices were down nearly 20% over the year.
On average, prices fell by 1.1% in March in England and Wales, the biggest drop since February 2009. Prices were 2.3% lower than a year ago.
The Land Registry’s figures come out a month later than those from high street lenders and are based on all property sales.
Figures from the Bank of England also show a big drop in mortgage lending for March.
Net lending, which takes account of the money homeowners have paid back, was 60% lower than in the previous month.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.