Property News

Wednesday, April 18, 2007

Further rises for Northern Ireland

New figures from Northern Ireland's Department for Social Development show the average selling price of a new house in Northern Ireland was 23.2% higher in the final quarter of 2006 than a year earlier.

The average selling price of a new house registered with the National House Building Council (NHBC) between October and December 2006 was £170,000, an increase of £32,000 on the same time in 2005. Average selling prices for new houses stood between £126,000 in Larne District Council and £253,700 in North Down District Council.

According to Nationwide, Northern Ireland saw record annual house price growth in the first quarter of 2007, with property values 57.6% higher than the year before

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