Residential Property Market At Its Busiest In Almost 20 Years
The housing market in NI is at it’s busiest in nearly 20 years.
The housing market in NI is at it’s busiest in nearly 20 years.
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)
The latest research from Ulster University shows that the average house price in Northern Ireland is at its highest level for over a decade. Latest analysis indicates that the average price of houses sold throughout the third quarter of 2019 was £171,763. This is a 5% increase when compared to the same period last year. It is also an increase of 5.7% when compared to the second quarter of 2019.
House prices in Northern Ireland have risen over the past year. The average house price in Northern Ireland has increased by 3.4%. This growth is higher than what any other area of the UK witnessed. According to Nationwide Building Society, £144,053 is now the average price paid for a house in Northern Ireland.
Northern Ireland house prices are the most confident in the UK after five years of growth and a prediction of further growth. An Ulster Bank & Royal Institution of Chartered Surveyors
