Blog » House price index: Increase in Northern Ireland house prices

House price index: Increase in Northern Ireland house prices

House prices increased across all 11 Northern Ireland council areas in 2019, as the region generally outperformed the rest of the UK, new data highlights.

The latest House Price Index shows that the average Northern Ireland house price rose by 2.5 percent to £140,190 over the last 12 months (Q4 2018 – Q4 2019). The largest increase in property styles was detached homes (up 3.7 percent), semi-detached homes (up 3.1 percent) and terraced homes (up 1.8 percent)

What is the Northern Ireland House Price Index?

The House Price Index highlights the change in the price of residential properties sold in Northern Ireland. This report is updated quarterly and includes information on the average property price in different areas along with the number of sales and the index value.

What are the current average house prices in Northern Ireland?

According to the latest House Price Index report from the Land and Property Services, the average house prices in Northern Ireland range from £165,011 in Lisburn and Castlereagh to £124,208 in Armagh City, Banbridge and Craigavon.

The biggest rise in prices over the previous 12 months was recorded in Causeway Coast and Glens (up 4.5 percent) while Derry and Strabane seen the largest increase in prices from the previous quarter (up 5.3 percent)

Below is a list of the current average house prices in Northern Ireland, as indicated in the latest House Price Index, along with their percentage increase in 2019.

  • Antrim and Newtownabbey – £145,903 (+ 3.5 per cent)
  • Ards and North Down – £156,576 (+2.5 per cent)
  • Armagh City, Banbridge and Craigavon – £124,208 (+ 3.6 per cent)
  • Belfast – £131,754 (+ 0.1 per cent)
  • Causeway Coast and Glens – £148,269 (+ 4.5 per cent)
  • Derry City and Strabane – £126,510 (+ 0.3 per cent)
  • Fermanagh and Omagh – £130,840 (+ 4.4 per cent)
  • Lisburn and Castlereagh – £165,011 (+ 2.5 per cent)
  • Mid and East Antrim – £130,205 (+ 3.1 per cent)
  • Mid Ulster – £137,376 (+ 1.4 per cent)
  • Newry, Mourne and Down – £147,794 (+ 4.3 per cent)

This report also highlighted that house prices have increased by over a quarter (26.4%) from Q1 of 2015.

For further information on the Northern Ireland House Price Index, view the latest report from Land & Property Services here.

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