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10/02/2012

NI House Prices Continue To Plummet

The average house prices in Northern Ireland are continuing to fall.

According to the University of Ulster’s Quarterly House price Index the average cost of a house is down 11% on this time last year.

The average house in Northern Ireland now rests at £137,000. The sharpest decline in prices has been for apartments while semi-detached and terrace houses have had the lowest fall in price.

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House sales in Northern Ireland however rose in the final quarter of 2011.

But over 100 estate agents were surveyed and revealed that one third of the houses sold for less than £100K while the other two thirds sold for less than £150K.

(LB/GK)

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