Record house price growth for Northern Ireland
The latest findings from the University of Ulster's House Price Survey show record-breaking house price growth of 32.1% in the last 12 months. The average house price in Northern Ireland is now £180,128.
The House Price Index shows an unprecedented boom, which estate agents attribute to a lack of houses for sale. Sam Dickey, a member of the Royal Institution of Chartered Surveyors says "It is all about supply and demand - there is not a great deal of property coming onto the market."
Lisburn is Ulster's property hotspot with prices for terraces and townhouses going up by 65%, with the average house price now £226,984 - making it the highest priced area in the province. North Belfast offers the best value for money with an average price of £129,570 compared to the average price in the city of £172,209 (up 29%).
The House Price Index shows an unprecedented boom, which estate agents attribute to a lack of houses for sale. Sam Dickey, a member of the Royal Institution of Chartered Surveyors says "It is all about supply and demand - there is not a great deal of property coming onto the market."
Lisburn is Ulster's property hotspot with prices for terraces and townhouses going up by 65%, with the average house price now £226,984 - making it the highest priced area in the province. North Belfast offers the best value for money with an average price of £129,570 compared to the average price in the city of £172,209 (up 29%).
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11:43 AM
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