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04/01/2007
NI house prices continue to rise
House prices in Northern Ireland have risen faster than those in the rest of the UK according to a new report issued by the Nationwide today.
The report shows that throughout 2006, Northern Ireland house prices increased by 44% - an all time high, which on average means that prices rose by approximately £152 per day.
This increase now means that the average price of a property in Northern Ireland is now £181,000, a £9,000 gap between the average price of a house in the UK, which currently stands at £172,000.
However the Nationwide report has added that this rate of increase is not expected to continue.
(EF)
The report shows that throughout 2006, Northern Ireland house prices increased by 44% - an all time high, which on average means that prices rose by approximately £152 per day.
This increase now means that the average price of a property in Northern Ireland is now £181,000, a £9,000 gap between the average price of a house in the UK, which currently stands at £172,000.
However the Nationwide report has added that this rate of increase is not expected to continue.
(EF)
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