Finance Minister Arlene Foster has announced that the transaction volumes in the Northern Ireland housing market "remained strong".

The Northern Ireland Residential Property Price Index (NI RPPI), produced by the Department of Finance and Personnel’s Land & Property Services (LPS) in conjunction with the Northern Ireland Statistics & Research Agency (NISRA), is published on a quarterly basis.

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Arlene Foster said: "Although down slightly on the same period last year, this represents the second highest quarter two for completions since 2007. I believe there is continued confidence in the housing market, which is encouraging for the Northern Ireland economy.

"The figures in the report over the last quarter show a healthy 3% quarterly increase in the Index – with positive increases between 2% and 5% across all property types. The analysis shows that, viewed over the 12 month period, residential property prices continue to show steady progress, with an annual increase of 6%."

(CD/LM)