Menu
20/11/2001
Apartment prices fall as housing market stabilises
The average price of an apartment in Northern Ireland has slumped by more than £10,000 in the past year, according to a survey published today by the University of Ulster.
This sector of the market is described as ‘volatile’ in the Quarterly House Price Index prepared by the Centre for Research on Property and Planning at the University of Ulster in conjunction with the Royal Institution of Chartered Surveyors (RICS) and sponsored by Ulster Bank.
The survey shows that the average apartment now costs £83,089, a fall of 11 per cent over the year.
Elsewhere residential property prices have consolidated with the average home increasing in value by 6 per cent in the last three months, compared to a rise of 11.5 per cent in the preceding quarter.
The report says that the virtual halving of the annual rate of increase underlines the consolidation taking place within the market after big price rises in the Spring of this year.
The average price of a home in Northern Ireland now stands at £86,846, with a wide regional variation ranging from £100,755 in Lisburn to £69,536 in Londonderry/Strabane.
Aside from apartments, every other sector of the residential market showed an increase in value, although there were widely varying performances.
The highest rising sectors were semi-detached bungalows up 16 per cent and semi-detached houses up by 9.3 per cent over the year.
Detached bungalows rose by 8.6 per cent in the same period but detached homes increased by only 3.2 per cent. (GB)
This sector of the market is described as ‘volatile’ in the Quarterly House Price Index prepared by the Centre for Research on Property and Planning at the University of Ulster in conjunction with the Royal Institution of Chartered Surveyors (RICS) and sponsored by Ulster Bank.
The survey shows that the average apartment now costs £83,089, a fall of 11 per cent over the year.
Elsewhere residential property prices have consolidated with the average home increasing in value by 6 per cent in the last three months, compared to a rise of 11.5 per cent in the preceding quarter.
The report says that the virtual halving of the annual rate of increase underlines the consolidation taking place within the market after big price rises in the Spring of this year.
The average price of a home in Northern Ireland now stands at £86,846, with a wide regional variation ranging from £100,755 in Lisburn to £69,536 in Londonderry/Strabane.
Aside from apartments, every other sector of the residential market showed an increase in value, although there were widely varying performances.
The highest rising sectors were semi-detached bungalows up 16 per cent and semi-detached houses up by 9.3 per cent over the year.
Detached bungalows rose by 8.6 per cent in the same period but detached homes increased by only 3.2 per cent. (GB)
Related Northern Ireland News Stories
Click here for the latest headlines.
22 September 2022
Census 2021 Records NI's Largest Ever Population
The latest census data has revealed NI's largest ever resident population of 1,903,175 on census day, 21 March 2021. The Northern Ireland Statistics and Research Agency (NISRA) has today published the first raft of statistics from the census collected last year.
Census 2021 Records NI's Largest Ever Population
The latest census data has revealed NI's largest ever resident population of 1,903,175 on census day, 21 March 2021. The Northern Ireland Statistics and Research Agency (NISRA) has today published the first raft of statistics from the census collected last year.
20 December 2012
NI Tops UK Worries Poll For Money And Families
People in the Northern Ireland are more concerned about money than anywhere else in the country according to Samaritans' annual worries survey 2012. An exclusive YouGov poll for Samaritans shows that 66 per cent of Northern Irish people placed worries about money in their top five, and 17 per cent above the UK average.
NI Tops UK Worries Poll For Money And Families
People in the Northern Ireland are more concerned about money than anywhere else in the country according to Samaritans' annual worries survey 2012. An exclusive YouGov poll for Samaritans shows that 66 per cent of Northern Irish people placed worries about money in their top five, and 17 per cent above the UK average.
08 July 2015
Only Two Per Cent Of NI Voters Trust Westminster Politicians - Survey
Only two per cent of voters in Northern Ireland trust Westminster politicians to make spending decisions according to a new survey. A poll for The Chartered Institute of Public Finance & Accountancy (CIPFA), and carried out by YouGov, found London had the most trust in Westminster politicians.
Only Two Per Cent Of NI Voters Trust Westminster Politicians - Survey
Only two per cent of voters in Northern Ireland trust Westminster politicians to make spending decisions according to a new survey. A poll for The Chartered Institute of Public Finance & Accountancy (CIPFA), and carried out by YouGov, found London had the most trust in Westminster politicians.
05 March 2008
Alcohol related Crime Soars By 26 Per Cent
Recent government figures reveal Northern Ireland's drinking related crime is on an upward spiral. Crime committed under the influence of alcohol has gone up to 2,932 incidents in 2006 from the 2,330 reported in 2002.
Alcohol related Crime Soars By 26 Per Cent
Recent government figures reveal Northern Ireland's drinking related crime is on an upward spiral. Crime committed under the influence of alcohol has gone up to 2,932 incidents in 2006 from the 2,330 reported in 2002.
03 September 2007
Drug Cases Rise By 26 Per Cent
The number of drugs cases dealt with by the District Courts in Ireland increased by 26% over the last year, according to figures released by the Courts Service. The figures showed that there were 8,842 drugs offences processed in 2006, compared to 7,003 in the previous year.
Drug Cases Rise By 26 Per Cent
The number of drugs cases dealt with by the District Courts in Ireland increased by 26% over the last year, according to figures released by the Courts Service. The figures showed that there were 8,842 drugs offences processed in 2006, compared to 7,003 in the previous year.
-
Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
