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19/02/2014
Property Prices Under Half Their Peak Value
The prices of residential property sold today in Northern Ireland are under half of their 2007 peak value, according to the latest figures from the Northern Ireland Statistics & Research Agency.
The stats show a 54% fall in the value of properties since the peak in 2007.
Results for the most recent quarter (October – December 2013), show that the number of house sales continues to increase, but that residential property prices remain ultimately unchanged.
There were just over 4,800 verified residential property sales recorded in Q4 2013, indicating a 28% increase over the year, a 16% increase over the quarter and the highest quarterly figure since 2007.
Between Q3 (July - September) 2013 and Q4 (October – December) 2013 residential property prices remained unchanged.
Prices increased by 4% over the year, from Q4 2012 to Q4 2013.
Finance Minister Simon Hamilton remains optimistic.
"This quarter’s report shows confidence is returning to the local housing market with the number of residential property sales at levels not seen for six years," he said.
"Over 4,800 residential properties sold during the fourth quarter of 2013, demonstrates buyers’ growing confidence in the housing market. This represents a 28% increase on the number of properties sold in the same quarter of 2012 and is the highest number of quarterly sales recorded since 2007."
(IT/MH)
The stats show a 54% fall in the value of properties since the peak in 2007.
Results for the most recent quarter (October – December 2013), show that the number of house sales continues to increase, but that residential property prices remain ultimately unchanged.
There were just over 4,800 verified residential property sales recorded in Q4 2013, indicating a 28% increase over the year, a 16% increase over the quarter and the highest quarterly figure since 2007.
Between Q3 (July - September) 2013 and Q4 (October – December) 2013 residential property prices remained unchanged.
Prices increased by 4% over the year, from Q4 2012 to Q4 2013.
Finance Minister Simon Hamilton remains optimistic.
"This quarter’s report shows confidence is returning to the local housing market with the number of residential property sales at levels not seen for six years," he said.
"Over 4,800 residential properties sold during the fourth quarter of 2013, demonstrates buyers’ growing confidence in the housing market. This represents a 28% increase on the number of properties sold in the same quarter of 2012 and is the highest number of quarterly sales recorded since 2007."
(IT/MH)
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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.
18 February 2015
New 'Confidence' In Housing Market
Nearly 5,300 residential properties were sold during the final three months of 2014, bringing the total sales for the year to over 20,200, according to the latest Northern Ireland Residential Property Price Index. This represented a 22% increase on the number sold in 2013, and is the highest annual number of sales since 2007.
New 'Confidence' In Housing Market
Nearly 5,300 residential properties were sold during the final three months of 2014, bringing the total sales for the year to over 20,200, according to the latest Northern Ireland Residential Property Price Index. This represented a 22% increase on the number sold in 2013, and is the highest annual number of sales since 2007.
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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.
