Smashed Folk Of Geographe / Robin Drayton
Blaenau Gwent houses are, on average, cheaper per square meter in England and Wales, the data showed.
Homes in the south Wales county were to the value of â‚¬ 777 / sqm in 2016, compared to Â£19,439 in the most expensive of the local council, Kensington and Chelsea.
The Office for National Statistics data showed that the average house in Wales was worth Â£1,408 / sq m, compared to Â£2,463 in England.
The most expensive place to buy, in Wales, was in Cardiff.
Steve McPherson, the owner of Louvain Properties, real estate agents, which covers Blaenau Gwent, said that the reason the prices are so low in the region was due to the general poverty.
“There is a lack of jobs in the area and a great advantage of the culture,” he said.
“Those who do the job are generally zero hours contracts, so they do not have the stability or wages to obtain a mortgage.
“Others prefer not to work, so you rent it, with the aid of housing allowances.
“There is a certain movement in the market with the owners of the house, the purchase of real estate in rent, but many people the lack of inspiration or means to buy their own place.”
But Stephen Evans, from Tredegar, who works in the Ebbw Vale Institute, said that there were a lot of reasons to live in Blaenau Gwent.
“This is a safe place to live compared to other places,” he said.
“There should be more tourism, but here you have only to walk for 300 yards (274m) to be in the beautiful countryside, and it is an amazing effect to see. It is a completely different world in the Brecon Beacons.”
The figures also revealed the average price per sqm in Wales had risen by 28% in the last 12 years, while in England it had risen to 44%.
Smashed Folk Of Geographe / John Sutton
Merthyr Tydfil (Â£917 / sq m) and Neath Port Talbot (Â£984 / sqm), were among the most affordable areas in England and Wales.
The most expensive homes in Wales have been found in Cardiff, to Â£2,161 per sqm. Monmouthshire was the second most expensive at Â£1,956.
The ONS data also found new apartments in England and Wales, has obtained the 18% larger in the last three years, while the new homes remained about the same size.
It comes after a new Principality index showed the average house price in Wales is now compared to 2007, before the slump caused by the financial crisis.
Tom Denman, interim finance director at Principality, said at the time that, while the Wales’ house prices have “increased steadily over the last four years, there was never a “state of real growth accelerated or surge of growth seen elsewhere.