Menu
28/11/2012
NI House Prices Fall
House Prices in Northern Ireland continue to drop, according to new figures.
The University of Ulster Quarterly House Price Index has showed slight price rises in the second quarter of the year did not continue into the summer.
It had been thought July, August and September would see a modest recovery in the market, but these hopes were proven to be unfounded.
The average cost of a home is down 3.6% on 2011 to just under £139,000. Costs fell 1.75% in the third quarter.
The survey was produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive.
The trend in the figures is generally that of decline, especially in the cost of apartments, down 22.7% on last year.
But semi-detached bungalows and detached homes have increased in price over the past year, showing increases of 16.1% and 9.3% respectively.
The report also showed up the regional differences in Northern Ireland. The Belfast market improved but the Enniskillen/Fermanagh/South Tyrone market was found to be the least expensive.
Just 958 transactions occurred during the third quarter
72% of sales were at or below £150,000.
The authors of the report, Professor Alastair Adair, Professor Stanley McGreal and Dr David McIlhatton, said: "The results re-emphasise that recovery in the market is slow and, while there is some suggestion of improved price performance in parts of Northern Ireland and for certain property types, the overall weighted quarterly decline suggests that market sentiment is still to the downside."
(IT)
The University of Ulster Quarterly House Price Index has showed slight price rises in the second quarter of the year did not continue into the summer.
It had been thought July, August and September would see a modest recovery in the market, but these hopes were proven to be unfounded.
The average cost of a home is down 3.6% on 2011 to just under £139,000. Costs fell 1.75% in the third quarter.
The survey was produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive.
The trend in the figures is generally that of decline, especially in the cost of apartments, down 22.7% on last year.
But semi-detached bungalows and detached homes have increased in price over the past year, showing increases of 16.1% and 9.3% respectively.
The report also showed up the regional differences in Northern Ireland. The Belfast market improved but the Enniskillen/Fermanagh/South Tyrone market was found to be the least expensive.
Just 958 transactions occurred during the third quarter
72% of sales were at or below £150,000.
The authors of the report, Professor Alastair Adair, Professor Stanley McGreal and Dr David McIlhatton, said: "The results re-emphasise that recovery in the market is slow and, while there is some suggestion of improved price performance in parts of Northern Ireland and for certain property types, the overall weighted quarterly decline suggests that market sentiment is still to the downside."
(IT)
Related Northern Ireland News Stories
Click here for the latest headlines.
27 June 2019
Average NI House Price Stands At £162k
House prices in Northern Ireland are said to be growing steadily with the average home now selling for around £162,914- a modest annual increase of 1.2%. The latest Quarterly House Price Index from Ulster University said growth rates have remained relatively muted over the last three quarters.
Average NI House Price Stands At £162k
House prices in Northern Ireland are said to be growing steadily with the average home now selling for around £162,914- a modest annual increase of 1.2%. The latest Quarterly House Price Index from Ulster University said growth rates have remained relatively muted over the last three quarters.
05 September 2005
NI houses prices continue to rise
Northern Ireland's house prices are continuing to rise, unlike the rest of the UK, the latest University of Ulster Quarterly House Price Index has revealed.
NI houses prices continue to rise
Northern Ireland's house prices are continuing to rise, unlike the rest of the UK, the latest University of Ulster Quarterly House Price Index has revealed.
01 September 2010
Recovery In NI Housing Market To Be 'Slow'
The Northern Ireland housing market is demonstrating erratic and uneven behaviour, according to the latest survey of house prices. The latest University of Ulster Quarterly House Price Index produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive, covered the second quarter of 2010.
Recovery In NI Housing Market To Be 'Slow'
The Northern Ireland housing market is demonstrating erratic and uneven behaviour, according to the latest survey of house prices. The latest University of Ulster Quarterly House Price Index produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive, covered the second quarter of 2010.
23 November 2010
NI House Prices Hit 'Five Year Low'
The average house price in Northern Ireland has fallen below £150,000 for the first time in nearly five years, according to University of Ulster research.
NI House Prices Hit 'Five Year Low'
The average house price in Northern Ireland has fallen below £150,000 for the first time in nearly five years, according to University of Ulster research.
28 February 2005
NI house prices buck UK trend and keep rising
The housing market in Northern Ireland is yet to see evidence of a slow down - unlike other parts of the UK - according to the region’s most authoritative survey of house prices.
NI house prices buck UK trend and keep rising
The housing market in Northern Ireland is yet to see evidence of a slow down - unlike other parts of the UK - according to the region’s most authoritative survey of house prices.
-
Northern Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
