NI: House prices rise by 0.8 per cent in 2015
House prices in Northern Ireland grew by almost 1 per cent over the past year, according to new Office for National Statistics (ONS) figures.
House prices rose by 0.8 per cent to reach and average of £153,000, which remains well below the 2007 peak.
The ONS calculates a House Price Index (HPI) based on ,mortgage financed transactions that are collected via the regulated mortgage survey by the Council of Mortgage Lenders.
The HPI for Northern Ireland in January 2016 stood at 160.7, down by 42.9 per cent from its 281.5 peak in August 2007.
Across the UK, house prices rose by 7.9 per cent to reach an average mix-adjusted house price in January 2016 of £292,000.
When excluding London and South East England from the figures, house prices only rose by 5.1 per cent.