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19/10/2007
Newtownards Is UK’s Hottest Property
While there are conflicting signals on the cost of buying property nationally, Northern Ireland town's and cities now occupy all but two of the Halifax's Top 10 most sought-after places to buy a home, with the overall list topped by Newtownards.
Although predictions of a UK house price crash have surfaced nationally - amid claims of overvaluing and an apparent reluctance of the Bank of England to reduce interest rates – the new report has shown that price inflation in Northern Ireland went up by a healthy 29.1% in the past year.
This is said to be the largest increase in the UK – tempered only by news that house price growth has dipped by a small percentage - 3.2% - between the second and third quarters of 2007.
The Halifax House Price Index, for the third quarter of this year, will come as welcome relief to many local homeowners who feared price drops as it takes the average price of a house in the Province to £221,004, which is 11% higher than the UK average of £198,898.
The top 10 UK hotspots are led by Newtownards at number one, followed by Carrickfergus, Craigavon (£217,806), Newtownabbey (£196,750), Lisburn, Belfast (£220,783) and Ballymena (£221,103) which all had big gains.
The English towns of Sandbach in the north-west and Slough in the south-east are the first locations outside of the Province to make the list, occurring in eighth and ninth positions before Bangor appears at number 10.
Greater London prices are now only one-and-a-half times higher than those in Northern Ireland compared to 2.6 times in the third quarter of 2002.
(BMcC)
Although predictions of a UK house price crash have surfaced nationally - amid claims of overvaluing and an apparent reluctance of the Bank of England to reduce interest rates – the new report has shown that price inflation in Northern Ireland went up by a healthy 29.1% in the past year.
This is said to be the largest increase in the UK – tempered only by news that house price growth has dipped by a small percentage - 3.2% - between the second and third quarters of 2007.
The Halifax House Price Index, for the third quarter of this year, will come as welcome relief to many local homeowners who feared price drops as it takes the average price of a house in the Province to £221,004, which is 11% higher than the UK average of £198,898.
The top 10 UK hotspots are led by Newtownards at number one, followed by Carrickfergus, Craigavon (£217,806), Newtownabbey (£196,750), Lisburn, Belfast (£220,783) and Ballymena (£221,103) which all had big gains.
The English towns of Sandbach in the north-west and Slough in the south-east are the first locations outside of the Province to make the list, occurring in eighth and ninth positions before Bangor appears at number 10.
Greater London prices are now only one-and-a-half times higher than those in Northern Ireland compared to 2.6 times in the third quarter of 2002.
(BMcC)
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Northern Ireland’s housing market is holding up and unlike other parts of the UK has yet to experience any reversal, according to the region’s most authoritative survey of house prices. The latest University of Ulster Quarterly House Price Index reveals that the annual rate of growth in house prices in the third quarter of this year was 9.85%.
NI housing market ‘holding up’
Northern Ireland’s housing market is holding up and unlike other parts of the UK has yet to experience any reversal, according to the region’s most authoritative survey of house prices. The latest University of Ulster Quarterly House Price Index reveals that the annual rate of growth in house prices in the third quarter of this year was 9.85%.
01 March 2004
NI average house prices stay the same
Average house prices in Northern Ireland have remained static, according to latest figures released today. According to the latest Quarterly House Price Index in the final quarter of 2003, the annual rate of house price inflation stayed at a relatively modest 6.8%.
NI average house prices stay the same
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27 August 2002
UK house price rise slows to more 'realistic pace'
The rapid rise in UK house prices has slowed to a more realistic pace according to the latest report from market analysts Hometrack. The analysts found that the price of the average house in the UK rose by 0.7% in August, which Hometrack attributed to a "reality check" in the market. Previously in May there was a staggering one-month rise of 2.6%.
UK house price rise slows to more 'realistic pace'
The rapid rise in UK house prices has slowed to a more realistic pace according to the latest report from market analysts Hometrack. The analysts found that the price of the average house in the UK rose by 0.7% in August, which Hometrack attributed to a "reality check" in the market. Previously in May there was a staggering one-month rise of 2.6%.
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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.
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Northern Ireland WeatherThis Evening and Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
