Menu
18/02/2016
NI Housing Market Holding Steady - NI RPPI
The housing market in Northern Ireland has shown steady price growth with continuing affordability, according to the latest Northern Ireland Residential Property Price Index (NI RPPI).
Produced by the Department of Finance and Personnel's Land & Property Services (LPS), in conjunction with the Northern Ireland Statistics & Research Agency (NISRA), the NI RPPI is published on a quarterly basis.
This statistical research examines every sale in Northern Ireland using data from HM Revenue & Customs and from LPS.
Commenting on the latest report, Finance Minister Mervyn Storey said: "The figures in the report for the fourth quarter of 2015 show a 1% quarterly increase in the Index – with small variations between property types.
"The analysis demonstrates that, viewed over the 12 month period, residential property prices have again shown steady progress, with an annual increase of 7%. The analysis at council level shows annual increases of between 3% and 13% across all district council areas.
"Importantly, in tandem with price increases, the market exhibits a healthy balance with annual earnings. Looking back on the figures for 2015, it is encouraging to see evidence that we have an affordable housing market in Northern Ireland with an improved relationship where prices are 4.3 times earnings in 2015, compared to 4.5 in 2014, and especially compared to the figure of 9.1 in 2007."
(MH/JP)
Produced by the Department of Finance and Personnel's Land & Property Services (LPS), in conjunction with the Northern Ireland Statistics & Research Agency (NISRA), the NI RPPI is published on a quarterly basis.
This statistical research examines every sale in Northern Ireland using data from HM Revenue & Customs and from LPS.
Commenting on the latest report, Finance Minister Mervyn Storey said: "The figures in the report for the fourth quarter of 2015 show a 1% quarterly increase in the Index – with small variations between property types.
"The analysis demonstrates that, viewed over the 12 month period, residential property prices have again shown steady progress, with an annual increase of 7%. The analysis at council level shows annual increases of between 3% and 13% across all district council areas.
"Importantly, in tandem with price increases, the market exhibits a healthy balance with annual earnings. Looking back on the figures for 2015, it is encouraging to see evidence that we have an affordable housing market in Northern Ireland with an improved relationship where prices are 4.3 times earnings in 2015, compared to 4.5 in 2014, and especially compared to the figure of 9.1 in 2007."
(MH/JP)
Related Northern Ireland News Stories
Click here for the latest headlines.
29 May 2012
Access To Republic Of Ireland Digital TV Channels Confirmed For Northern Ireland
TV viewers in Northern Ireland will be able to watch TG4 and RTÉ One and Two on Freeview following digital TV switchover, the UK Government confirmed today.
Access To Republic Of Ireland Digital TV Channels Confirmed For Northern Ireland
TV viewers in Northern Ireland will be able to watch TG4 and RTÉ One and Two on Freeview following digital TV switchover, the UK Government confirmed today.
12 April 2007
Northern Ireland house price rise fastest in the UK
Northern Ireland’s property market has rose faster last month than anywhere else in the United Kingdom according to new figures released. A Royal Institution of Chartered Surveyors survey, carried out with the Ulster Bank showed price growth to be over 8% in the month.
Northern Ireland house price rise fastest in the UK
Northern Ireland’s property market has rose faster last month than anywhere else in the United Kingdom according to new figures released. A Royal Institution of Chartered Surveyors survey, carried out with the Ulster Bank showed price growth to be over 8% in the month.
03 April 2023
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
22 August 2012
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
21 May 2014
Steady Growth In NI Housing Market
Finance Minister Simon Hamilton MLA has welcomed clear evidence of the continuing stability and steady growth in the Northern Ireland housing market.
Steady Growth In NI Housing Market
Finance Minister Simon Hamilton MLA has welcomed clear evidence of the continuing stability and steady growth in the Northern Ireland housing market.
-
Northern Ireland WeatherThis Evening and Tonight:Apart from a little patchy drizzle it will be a dry evening and night with variable amounts of cloud. A few mist and fog patches forming. Minimum temperature 7 °C.
