22/04/2004

NI house-building shows rise

House-building activity in Northern Ireland increased during the first quarter of 2004, according to the latest statistics from the National House-Building Council (NHBC).

NHBC figures for the province reveal that a total of 2,941 applications were made to start new homes during the quarter, an increase of 11% on the same period in 2003.

Tom Kirk, NHBC Director for Northern Ireland, said: "The number of registrations in Northern Ireland has shown strong growth in the first quarter of this year Our figures also show that the number of NHBC registrations increased by 40% on Q4 of 2003.

"There were 2,941 applications to start new homes in Northern Ireland in the first quarter of this year compared to 2,094 in the last quarter of 2003."

In Northern Ireland, the average anticipated selling price of new homes (registered with NHBC) during Q1 2004 was £112,000 a 9% increase on the same period the year previously. Based on actual selling prices, the proportion of homes sold for over £100,000 was 47%, an increase on the same period last year.

(CL)

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