Norn Iron house prices up 6%

Posted: 12/2/2017

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House prices in Northern Ireland rose by almost 6% in 2016, according to official figures.

Prices rose in all council areas and across all property types, but there were wide variations.

In Derry City and Strabane prices were up by 11% but by less than 2% in Fermanagh and Omagh.

The figures are from the NI Residential Property Price Index, which analyses almost all sales, including cash deals.

The average standardised price, across all property types, is now £125,480.

That compares to £97,428 in 2012, but is still far below the bubble-era peak of £224,670.

Over the year the largest rise was in the apartment sector with prices up by 11%.

For all other property types, the increase was about 5%.

The council area with the highest average price is Lisburn and Castlereagh (£149,600) and the lowest is Derry City and Strabane (£108,464).

The number of properties sold in 2016 was 21,669, down slightly on the 2015 figure.

Prices more than halved between 2007 and early 2013 but have been increasing gradually since then.

And more good news is that you can now sell your average priced home for £599 all in with Key One Property.

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