NI: House prices fall for first time in six years

The standard property price in Northern Ireland has fallen for the first time in six years, according to the Department of Finance.

The standard property price now stands at £117,500, which is still around 6 per cent higher than at the same time last year.

A survey published by the Royal Institution of Chartered Surveyors (RICS) in April found that most surveyors expected Northern Ireland house prices to continue to rise over spring and early Summer.

The lowest standard prices continue to be in Derry and Strabane (£100,000) and the highest in Lisburn and Castleragh (£140,700).

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