Activity still high in NI housing market

House prices are still on the rise in Northern Ireland, according to the latest edition of the Northern Ireland Housing Bulletin, which shows a rise of 3.4% for the first quarter of 2002.

The Bulletin, compiled by the Statistics and Research Branch of the Department for Social Development, covers the period from January 1 to March 31, and refers only to new homes registered by the National House-Building Council (NHBC).

The report found that the average selling price of new houses was £92,000 - representing an increase of £3,000 (or 3.4%) on the previous quarter and an increase of £3,000 (3.4%) on the same quarter in 2001. The average selling price of new houses ranged from £57,500 in Derry District Council to £139,800 in North Down District Council (provisional figures).

However, the selling price of flats and maisonettes fell by 13.8% during the same period, the Bulletin claims, with the average selling price standing at £94,000, £15,000 lower than the preceding quarter, and £5,000 (5.1%) lower than the quarter ending March 2001.

Statistics released by the NHBC have shown that UK applications to build new homes increased by 26% in May 2002 when compared with figures for the same period a year earlier.

Newry & Mourne was the district council area with the greatest number of new housing starts (386), representing an increase of 50.2% on the same period last year.


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

10 April 2019
Bakery Fined After NI Child Suffers Allergic Reaction To A Biscuit
A Scottish Bakery has been fined £6,000 after failing to label a biscuit that contained eggs correctly, causing a child from Northern Ireland to suffer a reaction. The parents of the four-year-old boy were aware of their child's allergy and checked the ingredients on the 'Empire' biscuit, a product of Inverness-Shire based Nevis Bakery Limited.
08 April 2019
Other News In Brief
Cyclist Dies After Collapsing On Co Down Road A cyclist has died after being found collapsed on his way home from a cycle in County Down. Cookstown man Philip Corr was found on the Ballynahinch Road in Dromara on the afternoon of Saturday 06 April. He was pronounced dead at the scene. The death is not being treated as suspicious.
13 January 2016
Co Down Window Manufacturer To Create 25 New Posts
A Co Antrim window manufacturers has announced it is to create 25 new jobs. Apeer, located in Ballymena, said the new posts are part of a £1.7 million investment.
14 December 2009
Brewery To Become New Homes
A new £25m housing scheme has been approved for the old Bass Brewery in west Belfast. Some 166 new homes will be built in what is being billed as one of the largest social housing schemes undertaken in Northern Ireland. It will also create much needed employment - with some 200 on-site jobs boosting the beleaguered construction industry.
11 December 2001
Dodds announces £4 million housing scheme
The Minister for Social Development Nigel Dodds has unveiled a £4 million housing development which will provide 40 new homes for the people of the New Lodge area in north Belfast.