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08/06/2004
NI housing market shows sustainable rise
Northern Ireland’s housing market is growing at a much more sustainable rate than in the rest of the UK, with the cost of the average property going up by 8.6% over the year.
The figures, for January to March, revealed that the overall average price of residential property reached a new high of £106,574, up just over 2% on the previous quarter, although there were strong regional variations across Northern Ireland.
The report, from the University of Ulster's Quarterly House Price Index, is based on a sample of 1,921 open market transactions across the entire range of house types in what is traditionally a quieter part of the year for house sales.
The most expensive place to buy a house is south Belfast with an average price of £127,987, closely followed by Lisburn, while the most affordable location is north Belfast where the average is £84,567.
The authors of the report - Professor Alastair Adair, Professor Stanley McGreal and Mrs Suzanne Allen - said the current state of the housing market contrasted with the more volatile rates of growth in previous years and with other parts of the UK where house prices are still increasing at a significant rate.
They said: “Our main conclusion is that the local housing market has remained relatively vibrant across most sectors. The 8.6% increase in the first quarter fits the pattern of price growth we’ve been observing in our recent reports.”
The value of the Northern Ireland House Price Index, which is calculated relative to the base quarter for the survey in 1984, went through the 400 mark in the latest survey to 403.89.
The overall average price of a house in Northern Ireland is up very slightly on the previous quarter to £106,574.
(MB)
The figures, for January to March, revealed that the overall average price of residential property reached a new high of £106,574, up just over 2% on the previous quarter, although there were strong regional variations across Northern Ireland.
The report, from the University of Ulster's Quarterly House Price Index, is based on a sample of 1,921 open market transactions across the entire range of house types in what is traditionally a quieter part of the year for house sales.
The most expensive place to buy a house is south Belfast with an average price of £127,987, closely followed by Lisburn, while the most affordable location is north Belfast where the average is £84,567.
The authors of the report - Professor Alastair Adair, Professor Stanley McGreal and Mrs Suzanne Allen - said the current state of the housing market contrasted with the more volatile rates of growth in previous years and with other parts of the UK where house prices are still increasing at a significant rate.
They said: “Our main conclusion is that the local housing market has remained relatively vibrant across most sectors. The 8.6% increase in the first quarter fits the pattern of price growth we’ve been observing in our recent reports.”
The value of the Northern Ireland House Price Index, which is calculated relative to the base quarter for the survey in 1984, went through the 400 mark in the latest survey to 403.89.
The overall average price of a house in Northern Ireland is up very slightly on the previous quarter to £106,574.
(MB)
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House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
05 August 2011
Slight Sales Rise In Subdued Housing Market
The most comprehensive survey of residential property in Northern Ireland has produced evidence of a slight growth in demand within the local housing market in the second quarter of 2011. However, it also showed that overall price levels remain subdued.
Slight Sales Rise In Subdued Housing Market
The most comprehensive survey of residential property in Northern Ireland has produced evidence of a slight growth in demand within the local housing market in the second quarter of 2011. However, it also showed that overall price levels remain subdued.
21 November 2005
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
18 August 2009
NI Housing Recession Over?
The last two years of house price freefall may be over. Normally cautious estate agents are reporting increasing levels of inquiries now being translated into sales.
NI Housing Recession Over?
The last two years of house price freefall may be over. Normally cautious estate agents are reporting increasing levels of inquiries now being translated into sales.
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Northern Ireland WeatherToday:Cloudy with longer spells of rain during the morning, this rain heavy at times. Generally brighter in the afternoon, but with scattered and at times heavy showers. Maximum temperature 14 °C.Tonight:A mainly dry evening and night with isolated showers dying out and some longer clear spells. Then it will cloud over towards morning with some heavy showers. Minimum temperature 7 °C.
