22/08/2012

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.

Results from the report show that:

• over the year to the end of June 2012 residential property prices fell by 11%;

• between Quarter 1 (January - March) 2012 and Quarter 2 (April - June) 2012 residential property prices fell by 3%;

• looking further back the Residential Property Price Index for Northern Ireland peaked in the third quarter of 2007 (July – September 2007); and

• prices of residential property sold today are now just under half of their peak value (53%);

• whilst sales prices are falling, the overall number of properties sold has remained at around 3,000 for the last four quarters.

(NE)

Related Northern Ireland News Stories
Click here for the latest headlines.

21 November 2012
Residential Property Prices Drop By 12%
Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index. Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
13 March 2020
Errors & Omissions Behind Botched RHI Scheme
Multiple errors and omissions were behind the botched cash for ash renewable energy scandal, a public inquiry has found. Published on Friday, the RHI Inquiry found that the scheme was a "project too far".
20 February 2013
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
21 August 2013
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
13 June 2013
NI Property Prices Fall
Property prices in Northern Ireland continue to fall, according to the latest Northern Ireland Housing Bulletin. In the first quarter of 2013, the Northern Ireland Residential Property Price Index stood at 87. Between October - December 2012 and January - March 2013, residential property prices fell by 1%.