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24/10/2007

New House Prices Have Risen By 45.6% On Average

The average selling price of National House-Building Council (NHBC) registered new houses has increased by 45.6 per cent compared to the same quarter last year.

NHBC registered new houses sold during April to June cost on average £214,000 – that's an increase of £67,000 since 2006 according to the Northern Ireland Housing Bulletin, published by the Department for Social Development yesterday.

The bulletin also showed average selling price of NHBC registered new houses ranged from £144,100 in Omagh District Council to £364,800 in North Down Borough Council according to provisional figures.

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The average intended selling price of NHBC-registered flats and maisonettes was £172,000- a £41,000 (31.3 per cent) increase.

Detached houses represented 23 per cent of all NHBC intended housing starts. The total number of NHBC starts recorded for this quarter (2,224) represented an increase of 0.7per cent.

The bulletin also noted a total of 4,924 households were presented as homeless to the Housing Executive with 'Sharing Breakdown or Family Dispute' being the most common reason cited.

A full version of the bulletin is available on the Department for Social Development’s website at www.dsdni.gov.uk/stats_and_research.htm.

(GK/JM)

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