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27/08/2010
NI Property Values 'At Risk'
News that property values are on the rise in parts of Great Britain has been revealed at the same time as the Royal Institution of Chartered Surveyors commented that Northern Ireland's housing market is "particularly vulnerable" in the face of the looming public sector cuts.
The organisation's Chief Economist Simon Rubinsohn said: "There is no doubt that the sort of plans that have been outlined will have some impact on the housing market.
"Our indicators suggest that Northern Ireland stands out as being particularly vulnerable, as do Wales, the Northeast, and the Midlands," he said, in an interview with the Bloomberg news agency.
He was commenting on the way that NI experienced a huge rise in house prices earlier this decade, but now the market has crashed.
In some areas and sectors prices are thought to have come down as much as 60% from their peak.
Meanwhile, official figures showed today that the number of properties sold in England and Wales for over £1 million has increased by 67% between May 2009 and May 2010 - from 255 to 426.
Overall property sales are also rising with the most up-to-date figures available showing that during May, the number of completed house sales in England and Wales rose by 8% to 49,412 from 45,814 in May 2009.
It also appears that property values have stabilised and last month even showed a small rise - with London houses topping the poll.
The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798.
See: More £Million-Plus Houses Being Sold
(BMcC/GK)
The organisation's Chief Economist Simon Rubinsohn said: "There is no doubt that the sort of plans that have been outlined will have some impact on the housing market.
"Our indicators suggest that Northern Ireland stands out as being particularly vulnerable, as do Wales, the Northeast, and the Midlands," he said, in an interview with the Bloomberg news agency.
He was commenting on the way that NI experienced a huge rise in house prices earlier this decade, but now the market has crashed.
In some areas and sectors prices are thought to have come down as much as 60% from their peak.
Meanwhile, official figures showed today that the number of properties sold in England and Wales for over £1 million has increased by 67% between May 2009 and May 2010 - from 255 to 426.
Overall property sales are also rising with the most up-to-date figures available showing that during May, the number of completed house sales in England and Wales rose by 8% to 49,412 from 45,814 in May 2009.
It also appears that property values have stabilised and last month even showed a small rise - with London houses topping the poll.
The July data from Land Registry's flagship House Price Index shows an annual price increase of 6.7%, which takes the average property value in England and Wales to £166,798.
See: More £Million-Plus Houses Being Sold
(BMcC/GK)
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21 August 2013
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
20 February 2013
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
21 November 2012
Residential Property Prices Drop By 12%
Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index. Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
Residential Property Prices Drop By 12%
Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index. Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
22 August 2012
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
30 April 2014
New Dwelling Starts Drop 35%
The total number of new dwelling starts in Northern Ireland has fallen by 35% over the year, according to the latest Northern Ireland Housing Bulletin.
New Dwelling Starts Drop 35%
The total number of new dwelling starts in Northern Ireland has fallen by 35% over the year, according to the latest Northern Ireland Housing Bulletin.
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Northern Ireland WeatherThis Evening and Tonight:It will be cloudy. Also mainly dry at first this evening but then occasional outbreaks of rain developing overnight. Light southwest winds, and staying mild. Minimum temperature 9 °C.
