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Northern Ireland Quarterly House Price Index Reports


paul65

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HOLA441

Appologies if this was posted before.

I must have missed this.

Nationwide Q1 2014 Report shows NI Prices Rising 2.6% over the Quarter and 5.4% on the Year.

(the scare thing is- Nationwide's prices are now just 12% below their price at the start of 2006)

Edited by BelfastVI
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[quote name="BelfastVI" post="1102512054" timestamp=

(the scare thing is- Nationwide's prices are now just 12% below their price at the start of 2006)

If that's what they're telling us, the only scary thing is their inaccuracy.

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London house prices up 25% in rise unequalled since 1987, data shows
Average house price in capital breaks through £400,000 barrier – double UK average – reports Nationwide

http://www.theguardian.com/money/2014/jul/02/leap-london-house-prices-unequalled-nationwide

When compared with the same period of 2013, prices were up strongly across the board, with Scotland recording the lowest increase, at 5.4%. In Northern Ireland they were up by 8.4%, but the average of £117,150 is still around half the level reached in 2007.

Edited by Shotoflight
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Northern Ireland Housing Bulletin
1st January – 31st March DSD

http://www.dsdni.gov.uk/january_-_march_2014_internet_copy.pdf

The total number of new dwelling starts was 1,993, an increase of 14% (239) on the same quarter in 2013.
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The total number of new dwelling completions was 1,818, a decrease of 9% (186) on the same quarter in 2013.
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The beltel rag had this to say on the UUL report. Simon Brien, the phoenix from the ashes of the now defunct BTW said apartment prices are getting back to "pre-boom levels". Seriously!!!??????


Apartment prices soar in Northern Ireland as the property market continues to improve

The price of apartments in Northern Ireland is seeing double-digit growth as the housing market here continues to improve.

Ulster University's house price index found the average price of a home in the province rose to £147,409 in the first quarter of 2015 - up 5.3% year-on-year.

The Residential Property Price Index reported that in quarter one 2015 there was a 6% increase in prices on the previous year, but actually fell by 1% since the last quarter of 2014.

"Ulster University's house price index provides further confirmation that Northern Ireland's housing market has been undergoing a steady recovery over the past two years. Despite this, there has been no significant deterioration in affordability as incomes have started to rise and mortgages interest rates have remained competitive."

Simon Brien, from Simon Brien Residential Estate agents, said the apartment sector was performing very strongly.

"Apartments are selling exceptionally well and people are bidding on them."

Mr Brien pointed out the apartment market was hardest-hit after the property crash, due to speculators driving the prices up during the boom.

Now the demand for apartments is being fuelled by owner-occupier purchases, with prices starting to get back to their pre-boom level.


Edited by 2buyornot2buy
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