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Our house prices rise more than rest of UK

House prices in Northern Ireland have risen more than any other UK region in the last month, according to property surveyors.

September was the 16th successive month in which surveyors have said that prices rose despite a levelling of the market, according to the latest RICS and Ulster Bank Residential Market Survey of its members.

Increasing pressure on Northern Ireland's public finances has so far failed to dent the residential property market's momentum.

Northern Ireland recorded the strongest property price gains of all the UK regions in the last month despite the price balance dropping from 68% to 64% from August to September.

The depth of the region's property market collapse in 2007 is attributed with the sustained price increase.

Uncertainty over Northern Ireland's public finances may affect the property market's longer-term growth, experts have warned.

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