Construction News

14/02/2017

NI House Prices 'Increase By 6%'

Property prices in Northern Ireland increased by almost 6% last year, it has been reported.

According to the NI Residential Property Price Index, prices rose in all council areas – and across all property types.

Across all property types, the average standardised price is now said to be £125,480.

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In Derry City and Strabane, prices surged by 11%. This compares to less than a 2% increase in Fermanagh and Omagh. Over the year, the largest rise was in the apartment sector, with prices going up by 11%. For all other property types, it was around a 5% increase.

Elsewhere, the council area with the highest average price is Lisburn and Castlereagh (£149,600), while the lowest is Derry City and Strabane (£108,464).

In 2016, 21,669 properties were sold in the region.

(JP/MH)

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