Menu
20/11/2001
Apartment prices fall as housing market stabilises
The average price of an apartment in Northern Ireland has slumped by more than £10,000 in the past year, according to a survey published today by the University of Ulster.
This sector of the market is described as ‘volatile’ in the Quarterly House Price Index prepared by the Centre for Research on Property and Planning at the University of Ulster in conjunction with the Royal Institution of Chartered Surveyors (RICS) and sponsored by Ulster Bank.
The survey shows that the average apartment now costs £83,089, a fall of 11 per cent over the year.
Elsewhere residential property prices have consolidated with the average home increasing in value by 6 per cent in the last three months, compared to a rise of 11.5 per cent in the preceding quarter.
The report says that the virtual halving of the annual rate of increase underlines the consolidation taking place within the market after big price rises in the Spring of this year.
The average price of a home in Northern Ireland now stands at £86,846, with a wide regional variation ranging from £100,755 in Lisburn to £69,536 in Londonderry/Strabane.
Aside from apartments, every other sector of the residential market showed an increase in value, although there were widely varying performances.
The highest rising sectors were semi-detached bungalows up 16 per cent and semi-detached houses up by 9.3 per cent over the year.
Detached bungalows rose by 8.6 per cent in the same period but detached homes increased by only 3.2 per cent. (GB)
This sector of the market is described as ‘volatile’ in the Quarterly House Price Index prepared by the Centre for Research on Property and Planning at the University of Ulster in conjunction with the Royal Institution of Chartered Surveyors (RICS) and sponsored by Ulster Bank.
The survey shows that the average apartment now costs £83,089, a fall of 11 per cent over the year.
Elsewhere residential property prices have consolidated with the average home increasing in value by 6 per cent in the last three months, compared to a rise of 11.5 per cent in the preceding quarter.
The report says that the virtual halving of the annual rate of increase underlines the consolidation taking place within the market after big price rises in the Spring of this year.
The average price of a home in Northern Ireland now stands at £86,846, with a wide regional variation ranging from £100,755 in Lisburn to £69,536 in Londonderry/Strabane.
Aside from apartments, every other sector of the residential market showed an increase in value, although there were widely varying performances.
The highest rising sectors were semi-detached bungalows up 16 per cent and semi-detached houses up by 9.3 per cent over the year.
Detached bungalows rose by 8.6 per cent in the same period but detached homes increased by only 3.2 per cent. (GB)
Related Northern Ireland News Stories
Click here for the latest headlines.
15 March 2024
NI's 'Unique' Dual Market Access Highlighted To US Business Leaders
Economy Minister, Conor Murphy, has highlighted the "unique trading position" offered by Northern Ireland's dual market access, in his address to a reception of business leaders in Washington, DC.
NI's 'Unique' Dual Market Access Highlighted To US Business Leaders
Economy Minister, Conor Murphy, has highlighted the "unique trading position" offered by Northern Ireland's dual market access, in his address to a reception of business leaders in Washington, DC.
20 December 2012
NI Tops UK Worries Poll For Money And Families
People in the Northern Ireland are more concerned about money than anywhere else in the country according to Samaritans' annual worries survey 2012. An exclusive YouGov poll for Samaritans shows that 66 per cent of Northern Irish people placed worries about money in their top five, and 17 per cent above the UK average.
NI Tops UK Worries Poll For Money And Families
People in the Northern Ireland are more concerned about money than anywhere else in the country according to Samaritans' annual worries survey 2012. An exclusive YouGov poll for Samaritans shows that 66 per cent of Northern Irish people placed worries about money in their top five, and 17 per cent above the UK average.
22 September 2022
Census 2021 Records NI's Largest Ever Population
The latest census data has revealed NI's largest ever resident population of 1,903,175 on census day, 21 March 2021. The Northern Ireland Statistics and Research Agency (NISRA) has today published the first raft of statistics from the census collected last year.
Census 2021 Records NI's Largest Ever Population
The latest census data has revealed NI's largest ever resident population of 1,903,175 on census day, 21 March 2021. The Northern Ireland Statistics and Research Agency (NISRA) has today published the first raft of statistics from the census collected last year.
28 June 2001
PUBLIC FIND POLICE ‘HELPFUL AND POLITE’
A SURVEY on the public’s attitude to the police has revealed that around three quarters of people in Northern Ireland feel that the police are polite and helpful when dealing with ordinary policing problems.
PUBLIC FIND POLICE ‘HELPFUL AND POLITE’
A SURVEY on the public’s attitude to the police has revealed that around three quarters of people in Northern Ireland feel that the police are polite and helpful when dealing with ordinary policing problems.
11 December 2001
Report shows Catholics finding it harder to get a job
A government survey has shown that more Catholics find it harder to get a job than Protestants. The report, based on the 2000-2001 Labour Force survey, published by the Government Statistics and Research Agency shows the employment characteristics of Protestants and Roman Catholics in Northern Ireland.
Report shows Catholics finding it harder to get a job
A government survey has shown that more Catholics find it harder to get a job than Protestants. The report, based on the 2000-2001 Labour Force survey, published by the Government Statistics and Research Agency shows the employment characteristics of Protestants and Roman Catholics in Northern Ireland.
-
Northern Ireland WeatherThis Evening and Tonight:Dry with clear skies this evening. Patchy cloud will increase at times overnight, but some clear spells too. Light winds and some patchy shallow mist or fog towards dawn. Minimum temperature 2 °C.
