Data Dave Posted May 19, 2021 Share Posted May 19, 2021 Quote Link to comment Share on other sites More sharing options...
Data Dave Posted May 19, 2021 Share Posted May 19, 2021 Average current prices of £149,178 still down from Q3 2007 highs of £224,670. Ever see those highs again? Quote Link to comment Share on other sites More sharing options...
nigooner Posted May 19, 2021 Share Posted May 19, 2021 24 minutes ago, Data Dave said: Average current prices of £149,178 still down from Q3 2007 highs of £224,670. Ever see those highs again? Q2 2021 at this rate 🙄 Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 19, 2021 Author Share Posted May 19, 2021 1 hour ago, Data Dave said: Average current prices of £149,178 still down from Q3 2007 highs of £224,670. Ever see those highs again? Inflation adjusted they must be still down around 50% Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted August 19, 2021 Share Posted August 19, 2021 Q2 2021 NIRPPI REPORT Link Quarter Change +2.9% Annual Change +9% Number of Sales 7,187 Quote Link to comment Share on other sites More sharing options...
satsuma Posted August 20, 2021 Share Posted August 20, 2021 On 19/05/2021 at 20:27, 2buyornot2buy said: Inflation adjusted they must be still down around 50% Prices are still relatively low in many places although I’m not convinced the peak prices lasted long enough to be taken seriously, a true bubble it was. My place was ££350k for about 5mims in 2007 and never recovered much past 200k since, same for many others. There is just not the strength in the economy of NI for rises. 300 jobs in Wright bus and people are dancing but it’s a drop in the ocean of what was lost in the years gone by. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 17, 2021 Share Posted November 17, 2021 Q3 2021 NIRPPI REPORT Link Quarter Change +3% Annual Change +10.7% Number of Sales 7,529 Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 17, 2021 Share Posted November 17, 2021 NI House prices have gained aprox £61k in the past 7 years since the bottom in 2013. However, current average prices are still aprox £65k below what they were at the height of the boom in 2007. Therefore, even if house prices were to continue on this path, which almost certain not to happen, it would not be until 2028 until we reached the peek prices again, some 21 years later. For the record I don't believe that will happen unless general inflation (including wages) takes over. Quote Link to comment Share on other sites More sharing options...
Data Dave Posted November 17, 2021 Share Posted November 17, 2021 2 hours ago, BelfastVI said: unless general inflation (including wages) takes over. Agreed. Although even then they wouldn't be 'real' inflation adjusted prices. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted March 16, 2022 Share Posted March 16, 2022 (edited) Q4 2021 NIRPPI REPORT Link Quarter Change +0.1% Annual Change +7.9% Provisional Number of Sales 6,150 for quarter 29,769 for year (highest since 2006) Edited March 16, 2022 by BelfastVI correction Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted May 18, 2022 Share Posted May 18, 2022 Q1 2022 NIRPPI REPORT Link Quarter Change +3.4% Annual Change +10.4% Provisional Number of Sales 5,436, down 28% on Q1 2021 Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted August 17, 2022 Share Posted August 17, 2022 Q2 2022 NIRPPI REPORT Link Quarter Change +3.2% Annual Change +9.6% Provisional Number of Sales 5,798, down 27% on Q1 2021 Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted August 17, 2022 Author Share Posted August 17, 2022 I think these reports are going to get a lot more coverage over the next 6 to 18 months as rates "gradually" rise to more normal levels. Q2 transactions, interest rates would have been at 0.75%. Q4 rates will probably be at 2.25%. Q3 2.75% And Q4 3%+ I think we'll see transactions fall steadily from now on. I also think proces will be back to pre pandemic levels by this time next year. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted November 16, 2022 Share Posted November 16, 2022 Q3 2022 NIRPPI REPORT Link Quarter Change +4.1%(Last time we will see that for a while) Annual Change +10.7% Provisional Number of Sales 6,402 Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted February 15, 2023 Share Posted February 15, 2023 Q4 2022 NIRPPI REPORT Link Quarter Change -0.5% Annual Change +10.2% Provisional Number of Sales 6,142 Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted May 30, 2023 Author Share Posted May 30, 2023 Q1 2023 NIRPPI REPORT Link Quarter change -1.8% Annual change 5% Provisional number of sales 4280 Quote Link to comment Share on other sites More sharing options...
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