Property prices in Northern Ireland
House prices in Northern Ireland have risen by more than 2% in the last quarter — raising hopes that the property crash has run its course.
The latest figures from the University of Ulster House Price Survey released yesterday put the average property price here at £164,017 during the third quarter of this year. This is a far cry from the heady days of the 2006/07 boom when the average house price here rocketed to £250,000.
And although the most recent figure is up 2.1% from £158,886 in the second quarter, housing experts have claimed any talk of dramatic house price growth is premature with house sales still sluggish.
The optimism of surveys earlier this year appears to have dissipated with some parts of the province experiencing falling property prices over the quarter.
And while homeowners in North Down are enjoying prices up by a whopping 26.8% this quarter and 7.6% in Belfast, the north and west of the province have seen prices plummet.
The latest figures from the University of Ulster House Price Survey released yesterday put the average property price here at £164,017 during the third quarter of this year. This is a far cry from the heady days of the 2006/07 boom when the average house price here rocketed to £250,000.
And although the most recent figure is up 2.1% from £158,886 in the second quarter, housing experts have claimed any talk of dramatic house price growth is premature with house sales still sluggish.
The optimism of surveys earlier this year appears to have dissipated with some parts of the province experiencing falling property prices over the quarter.
And while homeowners in North Down are enjoying prices up by a whopping 26.8% this quarter and 7.6% in Belfast, the north and west of the province have seen prices plummet.
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7:20 PM
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