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City House Prices Rise 13%

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BIG NEWS

Source: East Belfast Community Telegraph

Heading: City house prices up 13%

The average house price in East Belfast is now £179,604 - remaining the second highest price location within the city. The overall average price in Belfast is up 13% ovet the year. The average price of terrace/townhouses is £141,248; semi detached houses are £180,420; while apartments cost on average £129,222. The University of Ulster Quarterly Price Index produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive showed that over the previous year there had been an annual weighted rate of price growth of 2.4% but compared with the first quarter of the year the overall average actually showed a weighted decline of 2.5%.

what you got to say about that? :blink:

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BIG NEWS

Source: East Belfast Community Telegraph

Heading: City house prices up 13%

The average house price in East Belfast is now £179,604 - remaining the second highest price location within the city. The overall average price in Belfast is up 13% ovet the year. The average price of terrace/townhouses is £141,248; semi detached houses are £180,420; while apartments cost on average £129,222. The University of Ulster Quarterly Price Index produced in partnership with Bank of Ireland and the Northern Ireland Housing Executive showed that over the previous year there had been an annual weighted rate of price growth of 2.4% but compared with the first quarter of the year the overall average actually showed a weighted decline of 2.5%.

what you got to say about that? :blink:

Did they sell 1 house ?

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Did they sell 1 house ?

probably

i wonder how they get these numbers, 13% increase in a year? I dont think so.

stacks of terrace houses in east belfast are on the market for 80k - 100k, and people are offering up to 30% less and having offers accepted

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As has been briefly discussed elsewhere, this is not really suprising given the results on the ground. But, as noted, the volumes are yet very low and it is very hard to know how long the market can survive on the tiny volumes and thus correct properly...

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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