17/06/2014

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.

The report showed that house prices are increasing in general across most parts of the UK, with prices in London showing the highest growth.

Excluding London and the South East, UK house prices increased by 6.3% in the 12 months to April 2014.

On a seasonally adjusted basis, average house prices increased by 2.0% between March and April 2014.

In April 2014, prices paid by first-time buyers were 10.7% higher on average than in April 2013. For owner-occupiers (existing owners), prices increased by 9.5% for the same period.

(IT/JP)

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