Northern Ireland house prices rose 7.9% in 2021, according to ONS data released in March. That is however the lowest of all the UK countries, which have an average of 9.6%.

Here are the main points:

• UK average house prices increased by 9.6% over the year to January 2022, down from 10.0% in December 2021.
• The average UK house price was £274,000 in January 2022, which is £24,000 higher than this time last year.
• Average house prices increased over the year; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.8%) and in Northern Ireland to £159,000 (7.9%).
• London continues to be the region with the lowest annual growth at 2.2%.

Higher house prices usually mean higher estate agency fees for sellers, but here at Key One Property, we offer one of the best value rates in Northern Ireland, just 0.5% inc VAT*.

* subject to t&cs, min fee £500.