Belfast Telegraph

Northern Ireland house prices up 10.9%, ONS reveals

By Amanda Ferguson

House prices in Northern Ireland increased by 10.9% over the last year to September, a new report reveals.

According to the House Price Index from the Office for National Statistics (ONS) the average UK house price increased by 12.1% to reach £273,000 on average, marking the fastest annual growth in values seen since July 2007.

House price annual inflation was 12.5% in England, 5.8% in Wales, 7.6% in Scotland and 10.9% in Northern Ireland.

In September, prices paid by first-time buyers were 13.3% higher on average than in September 2013.

For owner-occupiers (existing owners), prices increased by 11.5% for the same period.

Campbell Robb, chief executive of charity Shelter, said: “Despite talk of a cooling market, these new figures show yet another rise in house prices and therefore yet another rise in the number of young people and families left priced out of a home of their own.”

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