Belfast Telegraph

Six quarters of decline

Northern Ireland saw a sixth consecutive quarter of house price falls, with a 1.4% seasonally adjusted fall in the fourth quarter of 2012. On an annual basis, prices were down 8.2%.

The average house price in the province is now £104,282, similar to the level prevailing in 2004.

All areas have continued to see price falls, with the largest declines in the South East (which includes Counties Armagh and Down), with prices down 10% year-on-year.