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24/05/2012
NI House Prices Spiral Downwards
The average price of a house in Northern Ireland has fallen by more than 10% in the last year, the worst rate in the whole of the UK.
A figure of 10.7% was released by the Office for National Statistics, which said Northern Ireland had "experienced strong falls in house prices since 2008".
And a new survey gave an even bleaker overview, showing house prices have been slashed in half since December 2007 and are now at pre-2005 levels.
The first figures released from the Northern Ireland Residential Property Price Index, based on sales and tax data, estimated the fall in house prices in the last year may be as much as 13%.
But the research also recorded increased activity, with a 9% increase in sales in the first quarter of 2012 as people move to take advantage of low prices.
Northern Ireland Finance Minister Sammy Wilson said: "These statistics include analysis of the first three months of this year and show that residential prices have continued to fall. While I appreciate the concern of some who purchased at the peak of the market, it is good news now for first-time purchasers and those wishing to move up in a much more affordable housing market in Northern Ireland."
(NE)
A figure of 10.7% was released by the Office for National Statistics, which said Northern Ireland had "experienced strong falls in house prices since 2008".
And a new survey gave an even bleaker overview, showing house prices have been slashed in half since December 2007 and are now at pre-2005 levels.
The first figures released from the Northern Ireland Residential Property Price Index, based on sales and tax data, estimated the fall in house prices in the last year may be as much as 13%.
But the research also recorded increased activity, with a 9% increase in sales in the first quarter of 2012 as people move to take advantage of low prices.
Northern Ireland Finance Minister Sammy Wilson said: "These statistics include analysis of the first three months of this year and show that residential prices have continued to fall. While I appreciate the concern of some who purchased at the peak of the market, it is good news now for first-time purchasers and those wishing to move up in a much more affordable housing market in Northern Ireland."
(NE)
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12 February 2013
NI House Prices Continue To Fall
Northern Ireland house prices continue to fall despite an increase in transactions, according to a new report. The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
NI House Prices Continue To Fall
Northern Ireland house prices continue to fall despite an increase in transactions, according to a new report. The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
22 August 2012
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
28 February 2007
Northern Ireland house prices countinue to rise
Northern Ireland’s property prices rocketed by 37% last year, leading to speculation that the market could slow significantly this year. The University of Ulster latest Quarterly House Price Index has found average house prices would rise by around 15% in 2007.
Northern Ireland house prices countinue to rise
Northern Ireland’s property prices rocketed by 37% last year, leading to speculation that the market could slow significantly this year. The University of Ulster latest Quarterly House Price Index has found average house prices would rise by around 15% in 2007.
03 March 2006
Northern Ireland house prices reach all time high
House prices in Northern Ireland have risen to an all time high according to figures released today from a study at the University of Ulster. The cost of property in the province has risen by 22%, making the price of the average home approximately £146,000. The biggest increases were in the prices of apartments, terraced houses and townhouses.
Northern Ireland house prices reach all time high
House prices in Northern Ireland have risen to an all time high according to figures released today from a study at the University of Ulster. The cost of property in the province has risen by 22%, making the price of the average home approximately £146,000. The biggest increases were in the prices of apartments, terraced houses and townhouses.
26 January 2006
Northern Ireland house prices increase
The price of the "average" home in Strabane, County Tyrone, where house prices are among the lowest in the province, has risen to £105,100 since the end of 2005. This reflects the rapid rise in the average price of a house in Northern Ireland, which has risen by over 15% in the last year.
Northern Ireland house prices increase
The price of the "average" home in Strabane, County Tyrone, where house prices are among the lowest in the province, has risen to £105,100 since the end of 2005. This reflects the rapid rise in the average price of a house in Northern Ireland, which has risen by over 15% in the last year.
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Northern Ireland WeatherThis Evening and Tonight:Heavy and thundery showers in the west will die out during the evening. Otherwise, mainly dry with clear spells overnight but the odd shower developing later. Minimum temperature 11 °C.
