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14/02/2017
NI House Prices 'Increase By 6%'
Property prices in Northern Ireland increased by almost 6% last year, it has been reported.
According to the NI Residential Property Price Index, prices rose in all council areas – and across all property types.
Across all property types, the average standardised price is now said to be £125,480.
In Derry City and Strabane, prices surged by 11%. This compares to less than a 2% increase in Fermanagh and Omagh. Over the year, the largest rise was in the apartment sector, with prices going up by 11%. For all other property types, it was around a 5% increase.
Elsewhere, the council area with the highest average price is Lisburn and Castlereagh (£149,600), while the lowest is Derry City and Strabane (£108,464).
In 2016, 21,669 properties were sold in the region.
(JP/MH)
According to the NI Residential Property Price Index, prices rose in all council areas – and across all property types.
Across all property types, the average standardised price is now said to be £125,480.
In Derry City and Strabane, prices surged by 11%. This compares to less than a 2% increase in Fermanagh and Omagh. Over the year, the largest rise was in the apartment sector, with prices going up by 11%. For all other property types, it was around a 5% increase.
Elsewhere, the council area with the highest average price is Lisburn and Castlereagh (£149,600), while the lowest is Derry City and Strabane (£108,464).
In 2016, 21,669 properties were sold in the region.
(JP/MH)
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Northern Ireland WeatherThis Evening and Tonight:Another cloudy and mild night with the odd spot of light drizzle. More widespread outbreaks of rain will spread southeast into western parts of Tyrone, Fermanagh and Derry late in the night. Minimum temperature 8 °C.
