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30/09/2010
House Prices Rising, But Trend Still Down
There has been conflicting evidence on local property prices - which rose 1.6% during the past three months - but was still not enough to offset previous falls.
Nationwide said of Northern Ireland "the annual rate of house price falls actually accelerated from 5.2% to 11.1%".
That meant the building society was a bit surprised as the latest figures meant NI was on one hand the best-performing region in its survey - but on the other, the trend was still falling.
Nationally, June presented a picture of broad stability with prices inching up by a seasonally adjusted 0.1% month-on-month, following a 0.5% increase in May.
The latest index from Nationwide showed a smoother quarter-on-quarter rate of change that rose marginally from 1.7% to 1.8%.
By contrast, the annual rate of house price inflation dropped for the second consecutive month from 9.8% to 8.7%, reflective of the fact that house prices were increasing at a faster pace this time last year, it also shows.
The South West of the UK showed strongest regional growth over the quarter while London has the strongest growth overall.
Overall UK house prices increased with the annual growth rate being 9.5%, up from 8.8% recorded in the first quarter of 2010.
The index also shows that annual house price growth in Scotland picked up from 5.6% in the first quarter to 7.2%, but remained below the UK average.
Quarterly price growth in Wales was similar to the rest of the UK, with a 1.8% rise in the quarter. However, on an annual basis, Wales was the second weakest region with prices up only 4.7% year-on-year.
Northern Ireland was also the only region in its survey where housing market activity had declined in the past year.
In London, the number of house purchase loans rose 42% year-on-year, but Northern Ireland saw a 2% fall.
Nationwide said Belfast was the strongest area of Northern Ireland's housing market, with prices down 4% year-on-year.
(BMcC/GK)
Nationwide said of Northern Ireland "the annual rate of house price falls actually accelerated from 5.2% to 11.1%".
That meant the building society was a bit surprised as the latest figures meant NI was on one hand the best-performing region in its survey - but on the other, the trend was still falling.
Nationally, June presented a picture of broad stability with prices inching up by a seasonally adjusted 0.1% month-on-month, following a 0.5% increase in May.
The latest index from Nationwide showed a smoother quarter-on-quarter rate of change that rose marginally from 1.7% to 1.8%.
By contrast, the annual rate of house price inflation dropped for the second consecutive month from 9.8% to 8.7%, reflective of the fact that house prices were increasing at a faster pace this time last year, it also shows.
The South West of the UK showed strongest regional growth over the quarter while London has the strongest growth overall.
Overall UK house prices increased with the annual growth rate being 9.5%, up from 8.8% recorded in the first quarter of 2010.
The index also shows that annual house price growth in Scotland picked up from 5.6% in the first quarter to 7.2%, but remained below the UK average.
Quarterly price growth in Wales was similar to the rest of the UK, with a 1.8% rise in the quarter. However, on an annual basis, Wales was the second weakest region with prices up only 4.7% year-on-year.
Northern Ireland was also the only region in its survey where housing market activity had declined in the past year.
In London, the number of house purchase loans rose 42% year-on-year, but Northern Ireland saw a 2% fall.
Nationwide said Belfast was the strongest area of Northern Ireland's housing market, with prices down 4% year-on-year.
(BMcC/GK)
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Rise In NI House Prices
Northern Ireland house prices increased by 2.6% in the year to April 2014, according to the latest report from the Office for National Statistics. Although prices are rising again, the increase was still behind a 9.9% rise in the UK. House price annual inflation was 10.4% in England, 3.3% in Wales and 4.8% in Scotland.
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NI houses prices continue to rise
Northern Ireland's house prices are continuing to rise, unlike the rest of the UK, the latest University of Ulster Quarterly House Price Index has revealed.
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06 December 2004
NI housing market ‘holding up’
Northern Ireland’s housing market is holding up and unlike other parts of the UK has yet to experience any reversal, according to the region’s most authoritative survey of house prices. The latest University of Ulster Quarterly House Price Index reveals that the annual rate of growth in house prices in the third quarter of this year was 9.85%.
NI housing market ‘holding up’
Northern Ireland’s housing market is holding up and unlike other parts of the UK has yet to experience any reversal, according to the region’s most authoritative survey of house prices. The latest University of Ulster Quarterly House Price Index reveals that the annual rate of growth in house prices in the third quarter of this year was 9.85%.
28 February 2005
NI house prices buck UK trend and keep rising
The housing market in Northern Ireland is yet to see evidence of a slow down - unlike other parts of the UK - according to the region’s most authoritative survey of house prices.
NI house prices buck UK trend and keep rising
The housing market in Northern Ireland is yet to see evidence of a slow down - unlike other parts of the UK - according to the region’s most authoritative survey of house prices.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
