Nationwide Up 9.7% In 3 Months.

[Belfast Boy]

Here is a link to the full report...

http://www.nationwide.co.uk/hpi/historical/Q4_2009.pdf

House prices rose in all regions except Northern Ireland during the fourth quarter of 2009.

Reversing the large increase seen in the third quarter, prices in Northern Ireland fell by 6.8% in the fourth quarter. On an annual basis, house prices were down 6.7%, a modest improvement from the 8% year-on-year fall in the third quarter. Northern Ireland remains the worst performing Uk region.

The fourth quarter saw house prices in Northern Ireland fall by 6.8%, largely reversing the 9.4% rise seen in the third quarter. Northern Ireland was the worst performing region in the quarter and also over the year, where prices were down 6.7%.

The Northern Ireland (West) sub-region remains the worst performing area in the province, with prices down 14% over the year. Elevated levels of unemployment in parts of the area such as Derry, Limavady and Strabane, are likely to have had a negative impact on prices. The Northern Ireland (South East) sub-region continues to see more modest price falls, with a 2% year-on-year decline during 2009.

[BelfastVI]

Belfast Girl and me had a wonderful time over the holidays and I was not online much. So I completely missed the Nationwide Q4 2009 report.

Looks like our little bounce is over. Though you may be right PP. Maybe it would be better to take the UK average and subtract 15% to reflect our lower average incomes.

I'm sure you know you are stating the obvious. UK average = £162k - 15% = £137k which is where we are. Our long term average is -16% and our average over the last 15 years has been -14%.

[Belfast Boy]

I'm sure you know you are stating the obvious. UK average = £162k - 15% = £137k which is where we are. Our long term average is -16% and our average over the last 15 years has been -14%.

I didn't know that. Thanks.