NI: NI house prices increase by 7 per cent over year

Northern Ireland house prices increased by 7 per cent over the year to Q3 2015, according to a new report based on HMRC figures.

All district council areas were up between Q3 2014 and Q3 2015, and all areas except Mid Ulster showed an increase from the second quarter of this year, bringing the average price of a home in Northern Ireland to £116,765.

The quarterly average varied from £96,724 in Derry and Strabane to £138,821 in Lisburn and Castlereagh. In Belfast, house prices increased by 4 per cent over the quarter to reach a standardised price of £112,287.

The statistics were published by Land & Property Services, assisted by the Northern Ireland Statistics & Research Agency, using figures based on property sales recorded by HMRC.

Results for the fourth quarter of 2015 will be published on 17 February 2016.

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