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14 February 2018

Four percent increase in property prices in past year


Fermanagh and Derry/Londonderry are among areas which witnessed the greatest pick-up on the property market a House Price Index report has revealed.

Official statistics have highlighted that house prices in Northern Ireland rose by 4% in the last year.

The index is one of the leading measures of the state of the property market and is based on stamp duty data that is related to residential sales.

Eight out of 11 district council areas witnessed an increase in price over the last quarter.

During the final three months of 2017, a 1% rise was recorded compared to the previous three.

When figures are compared to the same quarter in 2016, there is a rise of 4.3%.

5,501 properties were sold and that figure is expected to rise as late tax returns are received.

This Index was 18% higher when compared with the beginning of 2015

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