Menu
13/06/2013
NI Property Prices Fall
Property prices in Northern Ireland continue to fall, according to the latest Northern Ireland Housing Bulletin.
In the first quarter of 2013, the Northern Ireland Residential Property Price Index stood at 87.
Between October - December 2012 and January - March 2013, residential property prices fell by 1%.
For the first quarter of 2013, the standardised residential property price was found to be 6% lower than the same quarter in 2012 and 13% lower than in the first quarter of 2005.
The Northern Ireland Housing Bulletin, for the period October to December 2012, was published by the Department for Social Development today.
There has been a substantial increase in the number of new dwelling starts for the period, however, with the total number standing at 1,403; an increase of 49% on the same period in 2011.
The total number of new dwelling completions was 2,394, an increase of 64% on the same period in 2011.
Social Development Minister Nelson McCausland said: "Overall today’s latest housing report is a mixed bag with house prices continuing to fall on one hand but the number of new builds and completions increasing on the other. The local housing market continues to suffer from the fallout of the economic downturn but to a lesser degree and I hope the improving picture in these statistics the beginning of a return to growth for the housing sector."
"Today’s figures provide some grounds for optimism about the state of the local housing market. In the last twelve months the amount of new builds has almost doubled with an increase of 49% in the number of new starts year on year.
"The number of completed new builds has increased by 64% in the same period which is a significant development and a welcome boost to the housing sector."
(IT/CD)
In the first quarter of 2013, the Northern Ireland Residential Property Price Index stood at 87.
Between October - December 2012 and January - March 2013, residential property prices fell by 1%.
For the first quarter of 2013, the standardised residential property price was found to be 6% lower than the same quarter in 2012 and 13% lower than in the first quarter of 2005.
The Northern Ireland Housing Bulletin, for the period October to December 2012, was published by the Department for Social Development today.
There has been a substantial increase in the number of new dwelling starts for the period, however, with the total number standing at 1,403; an increase of 49% on the same period in 2011.
The total number of new dwelling completions was 2,394, an increase of 64% on the same period in 2011.
Social Development Minister Nelson McCausland said: "Overall today’s latest housing report is a mixed bag with house prices continuing to fall on one hand but the number of new builds and completions increasing on the other. The local housing market continues to suffer from the fallout of the economic downturn but to a lesser degree and I hope the improving picture in these statistics the beginning of a return to growth for the housing sector."
"Today’s figures provide some grounds for optimism about the state of the local housing market. In the last twelve months the amount of new builds has almost doubled with an increase of 49% in the number of new starts year on year.
"The number of completed new builds has increased by 64% in the same period which is a significant development and a welcome boost to the housing sector."
(IT/CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
06 August 2015
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
16 December 2011
Social Housing Project Boosts Builders
There was a pre-Christmas boost on housing this week with the keys being handed over to residents in one of Northern Ireland's biggest social housing developments to date.
Social Housing Project Boosts Builders
There was a pre-Christmas boost on housing this week with the keys being handed over to residents in one of Northern Ireland's biggest social housing developments to date.
14 December 2009
Brewery To Become New Homes
A new £25m housing scheme has been approved for the old Bass Brewery in west Belfast. Some 166 new homes will be built in what is being billed as one of the largest social housing schemes undertaken in Northern Ireland. It will also create much needed employment - with some 200 on-site jobs boosting the beleaguered construction industry.
Brewery To Become New Homes
A new £25m housing scheme has been approved for the old Bass Brewery in west Belfast. Some 166 new homes will be built in what is being billed as one of the largest social housing schemes undertaken in Northern Ireland. It will also create much needed employment - with some 200 on-site jobs boosting the beleaguered construction industry.
11 December 2001
Dodds announces £4 million housing scheme
The Minister for Social Development Nigel Dodds has unveiled a £4 million housing development which will provide 40 new homes for the people of the New Lodge area in north Belfast.
Dodds announces £4 million housing scheme
The Minister for Social Development Nigel Dodds has unveiled a £4 million housing development which will provide 40 new homes for the people of the New Lodge area in north Belfast.
07 October 2021
Additional Funding Allocated To Deliver New Homes In NI
Additional funding of up to £15 million has been allocated to deliver new homes in Northern Ireland. Communities Minister Deirdre Hargey approved the funding to ensure stability in the social housing construction sector following recent volatility in the costs of materials.
Additional Funding Allocated To Deliver New Homes In NI
Additional funding of up to £15 million has been allocated to deliver new homes in Northern Ireland. Communities Minister Deirdre Hargey approved the funding to ensure stability in the social housing construction sector following recent volatility in the costs of materials.
-
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.
