Belfast Telegraph

Northern Ireland house prices increase by 2%

Ten of the 11 district council areas showed an increase over the quarter.

Properties for sale in east Belfast (Paul Faith/PA)
Properties for sale in east Belfast (Paul Faith/PA)

By Michael McHugh, PA

House prices in Northern Ireland increased by 2% over the three months to September, official statistics show.

Ten of the 11 district council areas showed an increase over the quarter.

The standardised price for Northern Ireland as a whole was £139,951 and ranged from £120,110 in Derry City and Strabane to £164,900 in Lisburn and Castlereagh.

The median price was five times median annual gross full-time earnings, according to Land and Property Services.

The house price index uses stamp duty data on residential house sales.

Results for the most recent quarter – July to September – show:

– Between Q2 (April-June) and Q3 (July-September) the index increased by 2.3%

– Between Q3 2018 and Q3 2019 the index increased by 4%

– 6,002 residential properties sold during Q3 (this will be revised upwards next quarter due to late returns)

– The number of properties sold in Q2 increased by 718 due to late returns

– The index is 26.1% higher than Q1 2015

PA

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