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21/05/2014
Steady Growth In NI Housing Market
Finance Minister Simon Hamilton MLA has welcomed clear evidence of the continuing stability and steady growth in the Northern Ireland housing market.
The Northern Ireland Residential Property Price Index (NI RPPI), produced by the Department of Finance and Personnel's Land & Property Services (LPS) in conjunction with the Northern Ireland Statistics & Research Agency (NISRA), is published on a quarterly basis.
Commenting on the findings Mr Hamilton said: "I welcome the latest quarterly Residential Property Price Index Report, and the valuable, reliable insight it provides into our local property market.
"The Report provides further evidence of steady, balanced growth from the low point of early 2013, with residential property prices now showing an increase of 7% over the last four quarters. Analysis from the most recent quarter shows that prices increased by 3%.
"The increasing confidence of buyers in the market is also demonstrated by the rising level of transactions. It is encouraging that almost 4,200 residential properties were sold during the first quarter of 2014. This represented a 21% increase on the number sold in the first quarter of 2013 and was the highest number of first quarter sales recorded since 2007. Over the last twelve months there have been almost 17,500 transactions."
(CVS/CD)
The Northern Ireland Residential Property Price Index (NI RPPI), produced by the Department of Finance and Personnel's Land & Property Services (LPS) in conjunction with the Northern Ireland Statistics & Research Agency (NISRA), is published on a quarterly basis.
Commenting on the findings Mr Hamilton said: "I welcome the latest quarterly Residential Property Price Index Report, and the valuable, reliable insight it provides into our local property market.
"The Report provides further evidence of steady, balanced growth from the low point of early 2013, with residential property prices now showing an increase of 7% over the last four quarters. Analysis from the most recent quarter shows that prices increased by 3%.
"The increasing confidence of buyers in the market is also demonstrated by the rising level of transactions. It is encouraging that almost 4,200 residential properties were sold during the first quarter of 2014. This represented a 21% increase on the number sold in the first quarter of 2013 and was the highest number of first quarter sales recorded since 2007. Over the last twelve months there have been almost 17,500 transactions."
(CVS/CD)
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Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
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Property Prices Increase
Residential property prices in Northern Ireland increased by 2% in the second quarter of 2013, from April to June. This was the second, successive quarterly increase. Land & Property Services assisted by the Northern Ireland Statistics & Research Agency today released the Residential Property Price Index report for Quarter 3 2013.
19 February 2014
Property Prices Under Half Their Peak Value
The prices of residential property sold today in Northern Ireland are under half of their 2007 peak value, according to the latest figures from the Northern Ireland Statistics & Research Agency. The stats show a 54% fall in the value of properties since the peak in 2007.
Property Prices Under Half Their Peak Value
The prices of residential property sold today in Northern Ireland are under half of their 2007 peak value, according to the latest figures from the Northern Ireland Statistics & Research Agency. The stats show a 54% fall in the value of properties since the peak in 2007.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
