NI house prices rise by an average of £2,000 in Q1

Compared to the same quarter last year, a new report shows there was an increase of £2,000 in the average selling price of National House Building Council (NHBC) registered new houses in Northern Ireland during April – June 2001.

Despite this increase from last year however, the latest bulletin also reveals a fall of £4,000 in the average selling price compared to the previous quarter ending March 2001.

The statistics, which have been published in the latest issue of the Northern Ireland Housing Bulletin, are produced each quarter by the Statistics and Research Branch of the Department for Social Development to provide up to date information on new house sales, new starts, prices, and mortgage advances.

Significantly, one of the key findings showed that detached houses represented 37 per cent of all NHBC housing starts. The total number of starts recorded for this quarter (2,525) was 6.4 per cent higher than that recorded for the quarter ending March 2001, although this represented a decrease of 8.0 per cent on the number of starts recorded for the same quarter ending last year.

Of the new dwellings started, 98.3 per cent (3,715) were commissioned by the private sector.

Total number of starts remained relatively constant, with 3,764 for the quarter ending March 2001 and 3,780 for the quarter ending June 2001, throughout the first six months of 2001.

Newry & Mourne with 286 was the district council area with the greatest number of new housing starts. This represents an increase of 41.6 per cent on the same period last year. (AMcE)

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