This edition will be refreshed as late filings arrive. Charges created after 30 June 2026 are still being filed at Companies House, and HM Land Registry registers commercial sales months after completion. Figures for Q3 2026 will rise.
Key findings
- 803 commercial property sales worth £384.3m were registered in Wales for completions between January and August 2026, at a median price of £225,000. Source: HM Land Registry Price Paid Data (property type Other).
- Commercial property charges registered at Companies House in Wales were down 8.1% in H1 2026 against H1 2025 (373 vs 406). Source: Companies House charges register.
- High street banks were the most active classified lender group in Wales, behind 23.6% of commercial property charges in Jan to Sep 2026. Source: Companies House charges register, CMB lender classification.
- 495 commercial property planning applications were submitted in Wales between January and September 2026, with 85.2% of decided applications granted. Source: Local planning authority records via Landstack.
- The median commercial sale price in Wales was 27.9% below the England and Wales median of £312,250. Source: HM Land Registry Price Paid Data.
- Wales ranked 6 of 7 regions for H1 2026 growth in commercial property charges. Source: Companies House charges register.
Commercial property lending in Wales
Lenders registered 547 commercial property charges in Wales between January and September 2026. The first half of the year is fully filed, and H1 2026 volumes were down 8.1% on H1 2025 (373 against 406). Charges created from July onwards are still inside the 21-day Companies House filing window at the time of writing, so Q3 2026 counts are provisional and will rise.
High street banks accounted for 23.6% of these charges and bridging and short-term lenders for 23.0%. We could match 67.6% of charges to a named lender in our classification. The remainder sit with smaller banks, private lenders and family offices.
The most active named lenders in Wales from January to August 2026 were Together (80 charges), NatWest (34) and Lloyds (32). We compare January to August with the same months of 2025 because September 2026 filings are still arriving.
9.3% of the charges sat behind an existing charge on the same title. That is a useful read on how often owners are raising second-charge borrowing against commercial property rather than refinancing the senior loan.
Separately, property investment companies (SIC 68) registered 4,146 charges in Wales over the same period that did not match a commercial sale. That book mixes residential buy-to-let and commercial investment, so we report it alongside rather than inside the commercial figure.
Commercial property charges by quarter
Lighter bar: Q3 2026, provisional while the 21-day filing window closes. Source: Companies House charges register.
Share of charges by lender type, Jan to Sep 2026
Most active named lenders, Jan to Aug
| Lender | 2026 | 2025 | Change |
|---|---|---|---|
| Together | 80 | 86 | -7.0% |
| NatWest | 34 | 53 | -35.8% |
| Lloyds | 32 | 35 | -8.6% |
| Barclays | 26 | 45 | -42.2% |
| Aldermore Bank | 20 | 8 | n/a |
| Shawbrook Bank | 17 | 14 | +21.4% |
| InterBay Funding | 16 | 10 | +60.0% |
| Hampshire Trust Bank | 8 | 4 | n/a |
| Handelsbanken | 7 | 8 | n/a |
| Paragon Bank | 7 | 7 | n/a |
Charges registered against property, January to August of each year. Named lenders only.
Charges by borrower sector, Jan to Sep 2026
Commercial property sales and prices in Wales
HM Land Registry has registered 803 commercial property sales in Wales with completion dates between January and August 2026, worth £384.3m in total. The median sale price was £225,000, with the middle half of deals between £125,000 and £465,500. 52 sales were at £1m or more.
Commercial registrations run several months behind completions, so these counts will keep rising as the backlog clears. For that reason we do not compare 2026 sales volumes with 2025. Prices are more robust: the median for Jan to Sep 2025 was £230,000 across 2,404 fully registered sales.
Where the registered address identifies the use, industrial and warehouse made up 47 sales, farms and rural made up 37 sales, pubs made up 16 sales. Most commercial titles carry only a street address, so the larger share of sales is unclassified.
90.5% of the sales were freehold.
Median sale price by quarter
| Quarter | Sales registered | Median price | Value |
|---|---|---|---|
| Q1 2026 | 439 | £225,000 | £194.8m |
| Q2 2026 | 286 | £230,000 | £167.4m |
| Q3 2026 | 78 | £190,000 | £22.1m |
Completions by quarter, as registered so far. Source: HM Land Registry Price Paid Data.
Local authorities with the most commercial sales
Commercial planning pipeline in Wales
495 commercial property planning applications were submitted in Wales between January and September 2026. Councils decided 447 with a granted or refused outcome in the period and granted 85.2% of them.
Quarterly submissions moved from 182 in Q3 2025 to 157 in Q3 2026. Applications are a forward signal for finance: a granted change of use or new unit usually needs a purchase, refinance or bridging loan within 12 months.
By use, the largest groups were retail and food (113), change of use (commercial) (96), offices (91).
A further 302 applications sought to convert commercial space to residential use. We exclude these from the commercial pipeline because they remove stock rather than add it.
Applications submitted by quarter
Source: local planning authority records via Landstack.
Applications by commercial use, Jan to Sep 2026
Recent approvals
- Neath Port Talbot · P2023/0387Demolition of former school buildings and construction of 7 new residential dwellings, highway access and road and associated development. (Amended site layout for the development of seven dwellings)Granted 30 September 2026
- Powys · P/26/0350/FULChange of use of offices to a mixed-use development comprising 2 No. retail and 2 No. residential dwellings, including external alterations .Granted 28 September 2026
- Cardiff · 26/01765/FULInstallation of PV panels on the roofs of buildings within Llandaff campus and the installation of associated battery energy storage system (BESS).Granted 25 September 2026
- Cardiff · 26/01379/FULProposed Change of Use from Dwellinghouse (C3) to Ground Floor Office (B1) with Self-Contained Residential Flat (C3) to Upper Floors.Granted 23 September 2026
- Neath Port Talbot · P2025/0138Change of use from bank (class A2) to a cafe/take away (class A3) and new shop front at ground floor. Proposed 3 bedroom flat (class C3) at 1st floor, with associated bicycle and bin storage to the rear and minor alteratGranted 18 September 2026
- Powys · P/26/0010/FULErection of a industrial building to replace existing, change of use of existing dwelling to office and associated worksGranted 14 September 2026
How Wales compares with England and Wales
The median commercial sale price in Wales of £225,000 was 27.9% below the England and Wales median of £312,250.
H1 2026 lending lagged the national market: -8.1% here against +1.8% for all commercial property charges in England and Wales.
The planning approval rate of 85.2% compares with 86.9% for commercial applications nationally.
Counties and cities
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Methodology and sources
Sales: HM Land Registry Price Paid Data, property type "Other", which covers non-residential sales in England and Wales. Rows that share a price and date are counted as one multi-title deal. Data registered to 25 August 2026.
Lending: the Companies House charges register (snapshot 1 October 2026). A charge counts as commercial when it is secured on a property postcode and either the borrower operates in a commercial sector (for example hotels, pubs, care, retail, manufacturing or logistics, by SIC code) or the postcode matches a commercial sale in 2025 or 2026. Lenders are grouped using our own classification.
Planning: local planning authority records collated by Landstack, filtered to applications whose description indicates a commercial use. Discharge of conditions, advertisement consents, householder works and conversions to residential are excluded. Records cover 253 councils; where a council's applications are not yet collated, its pipeline is understated.
Geography: regions follow postcode districts. County reports cover the ceremonial county including its unitary authorities. City reports cover the local authority area named on each page. Scotland and Northern Ireland are outside HM Land Registry coverage and are not included.
Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter. We do not hold FCA authorisation because the products we arrange are unregulated. This report is market information, not advice.