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07/05/2003
NI house prices still on the rise
House prices in Northern Ireland increased during the first quarter of 2003, according to the latest statistics released by NHBC (National House-Building Council).
These latest figures reveal that the average anticipated selling price of new homes in Northern Ireland registered with NHBC reached £103,000 during the first quarter, an 8% increase on Q1 2002, where prices stood at £95,000.
At the same time, NHBC's first-time buyers' ability to buy index decreased by one point during the period.
This index is based on a formula that takes into account the average cost of homes bought by first time buyers, average income and mortgage interest rates; the higher the index, the greater the ability to buy.
(CL)
These latest figures reveal that the average anticipated selling price of new homes in Northern Ireland registered with NHBC reached £103,000 during the first quarter, an 8% increase on Q1 2002, where prices stood at £95,000.
At the same time, NHBC's first-time buyers' ability to buy index decreased by one point during the period.
This index is based on a formula that takes into account the average cost of homes bought by first time buyers, average income and mortgage interest rates; the higher the index, the greater the ability to buy.
(CL)
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
