Belfast Telegraph

House prices on the rise: Here's how much a home will cost you across Northern Ireland

House prices in Northern Ireland have risen by 3.1%
House prices in Northern Ireland have risen by 3.1%

By John Mulgrew

House prices in Northern Ireland have risen by 3.1% in the space of just three months, new official figures have shown.

The latest research from the Northern Ireland Statistics & Research Agency, shows 5,106 properties were sold during the last quarter, between April and June.

The average house price is now £128,650. But prices vary significantly across the regions.

Prices increased in all 11 councils, with the largest rise in Fermanagh and Omagh, with prices rising by 5.6% to an average of £118,451, with Belfast prices up by 3% to £120,351.

The cost of buying a home increased by 4.7% in the Lisburn and Castlereagh area, rising to £154,704.

The index measures change in the price of residential property sold in Northern Ireland, and uses stamp duty information on residential property sales recorded by HMRC.

Derry City and Strabane saw prices rising at the slowest rate, increasing by 0.6% to £109,939.

The overall house price index is now 16% higher than quarter one 2015.

Across the UK, house prices are around £10,000 higher on average than a year ago but the annual pace of growth is slowing, official figures show.

Average house prices across the UK increased by 4.9% in the year to June, down from 5% growth in the year to May, according to figures released jointly by the Office for National Statistics (ONS), Land Registry and other bodies. 

Bucking the general upward trend, average house prices in the City of London have plunged by 20.3% over the past year - making it the weakest-performing local district in the UK for annual price growth in June.

The average house price in the City of London in June was £724,000.

Antrim and Newtownabbey

Quarterly Change: 3.9%       

Annual Change: 4.9%

Std Price: £134,390

Ards and North Down

Quarterly Change: 3.0%       

Annual Change: 3.7%

Std Price: £147,639

Armagh City, Banbridge and Craigavon

Quarterly Change: 1.4%       

Annual Change: 3.6%

Std Price: £115,404


Quarterly Change: 3.0%       

Annual Change: 1.0%

Std Price: £120,351

Causeway Coast and Glens

Quarterly Change: 3.2%       

Annual Change: 7.9%

Std Price: £132,466

Derry City and Strabane

Quarterly Change: 0.6%       

Annual Change: 7.1%

Std Price: £109,939

Fermanagh and Omagh

Quarterly Change: 5.6%       

Annual Change: 7.7%

Std Price: £118,451

Lisburn and Castlereagh

Quarterly Change: 4.7%       

Annual Change: 3.9%

Std Price: £154,704

Mid and East Antrim

Quarterly Change: 2.9%       

Annual Change: 3.0%

Std Price: £119,883

Mid Ulster

Quarterly Change: 4.9%       

Annual Change: 9.1%

Std Price: £129,888

Newry, Mourne and Down

Quarterly Change: 2.7%       

Annual Change: 7.3%

Std Price: £133,394

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