Construction News

15/11/2019

NI House Prices Rise 2%

House prices in Northern Ireland increased by 2% in the three months to September, official statistics have revealed.

Some 6,002 residential premises were sold between July and September, with the house price index increasing by 4% when compared to the same period of 2018.

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Ten of the eleven district council areas in Northern Ireland showed an increase over the quarter.

The standardised price for NI as a whole is £139,951 and ranges from £120,110 in Derry City and Strabane to £164,900 in Lisburn and Castlereagh.

Median house prices stand at 4.9 times the median annual gross full time earnings, according to Land and Property services.

(JG/CM)

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