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07/05/2003
NI house prices still on the rise
House prices in Northern Ireland increased during the first quarter of 2003, according to the latest statistics released by NHBC (National House-Building Council).
These latest figures reveal that the average anticipated selling price of new homes in Northern Ireland registered with NHBC reached £103,000 during the first quarter, an 8% increase on Q1 2002, where prices stood at £95,000.
At the same time, NHBC's first-time buyers' ability to buy index decreased by one point during the period.
This index is based on a formula that takes into account the average cost of homes bought by first time buyers, average income and mortgage interest rates; the higher the index, the greater the ability to buy.
(CL)
These latest figures reveal that the average anticipated selling price of new homes in Northern Ireland registered with NHBC reached £103,000 during the first quarter, an 8% increase on Q1 2002, where prices stood at £95,000.
At the same time, NHBC's first-time buyers' ability to buy index decreased by one point during the period.
This index is based on a formula that takes into account the average cost of homes bought by first time buyers, average income and mortgage interest rates; the higher the index, the greater the ability to buy.
(CL)
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House-building activity in Northern Ireland decreased during the fourth quarter of 2003, according to the latest statistic from the National House-Building Council (NHBC). NHBC figures for the province reveal that a total of 2,094 applications were made to start new homes during the quarter, a decrease of 19% on the same period in 2002.
NI house building on decrease
House-building activity in Northern Ireland decreased during the fourth quarter of 2003, according to the latest statistic from the National House-Building Council (NHBC). NHBC figures for the province reveal that a total of 2,094 applications were made to start new homes during the quarter, a decrease of 19% on the same period in 2002.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
