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15/05/2009
Huge Fall In House Prices Revealed
Despite signs across Ireland that the recession might be 'bottoming-out', Northern Ireland's house prices have continued to fall.
They plunged a dramatic 35% over the last 12 months, a survey from the University of Ulster has shown.
The house price survey also showed that the drop in property prices since the peak of the market in late 2007 was even greater, down almost 40%.
The findings come shortly after a recent report from the Royal Institute of Chartered Surveyors, which suggested growing confidence among valuers that the worst of the price falls might now be over.
The UU survey, which is produced in partnership with the Bank of Ireland and the Northern Ireland Housing Executive, also found that the quarterly rate of decline was slowing.
But it warned that prices may have further to fall – in other words, house prices have continued to fall in recent months, but much less steeply.
The year-on-year drop to the end of March included a 10.8% fall during the first three months of 2009, according to the UU survey.
The decline in values slowed from the 16.6% experienced during the last quarter of 2008.
The average house price of around £157,000 is now back at the pre-property boom levels of early 2006.
The number of transactions also remains low, at just 692 in January, February and March, according to the UU Quarterly House Price Index.
See: Economy To Be Back On Track By 2011
(BMcC/JM)
They plunged a dramatic 35% over the last 12 months, a survey from the University of Ulster has shown.
The house price survey also showed that the drop in property prices since the peak of the market in late 2007 was even greater, down almost 40%.
The findings come shortly after a recent report from the Royal Institute of Chartered Surveyors, which suggested growing confidence among valuers that the worst of the price falls might now be over.
The UU survey, which is produced in partnership with the Bank of Ireland and the Northern Ireland Housing Executive, also found that the quarterly rate of decline was slowing.
But it warned that prices may have further to fall – in other words, house prices have continued to fall in recent months, but much less steeply.
The year-on-year drop to the end of March included a 10.8% fall during the first three months of 2009, according to the UU survey.
The decline in values slowed from the 16.6% experienced during the last quarter of 2008.
The average house price of around £157,000 is now back at the pre-property boom levels of early 2006.
The number of transactions also remains low, at just 692 in January, February and March, according to the UU Quarterly House Price Index.
See: Economy To Be Back On Track By 2011
(BMcC/JM)
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30 June 2010
Further Fall For NI House Prices
House prices continue to fall in Northern Ireland, a new survey has revealed. Figures released by the Nationwide building society indicate that the housing market in NI is the weakest of any in the UK. Prices have dropped by 5.7% during the second quarter of 2010, compared to a 1% drop in the first three months, the report found.
Further Fall For NI House Prices
House prices continue to fall in Northern Ireland, a new survey has revealed. Figures released by the Nationwide building society indicate that the housing market in NI is the weakest of any in the UK. Prices have dropped by 5.7% during the second quarter of 2010, compared to a 1% drop in the first three months, the report found.
09 February 2012
NI House Prices Continue To Plummet
The average house prices in Northern Ireland are continuing to fall. According to the University of Ulster’s Quarterly House price Index the average cost of a house is down 11% on this time last year. The average house in Northern Ireland now rests at £137,000.
NI House Prices Continue To Plummet
The average house prices in Northern Ireland are continuing to fall. According to the University of Ulster’s Quarterly House price Index the average cost of a house is down 11% on this time last year. The average house in Northern Ireland now rests at £137,000.
12 February 2013
NI House Prices Continue To Fall
Northern Ireland house prices continue to fall despite an increase in transactions, according to a new report. The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
NI House Prices Continue To Fall
Northern Ireland house prices continue to fall despite an increase in transactions, according to a new report. The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
22 August 2012
NI House Prices Down By More Than A Tenth
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.
NI House Prices Down By More Than A Tenth
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.
14 April 2011
Laura Marling Headlines Open House Festival
The organisers of the Open House Festival have announced that Laura Marling, Brits and NME award-winning English folk artist, is to headline the Custom House Square gig on Friday 24th June.
Laura Marling Headlines Open House Festival
The organisers of the Open House Festival have announced that Laura Marling, Brits and NME award-winning English folk artist, is to headline the Custom House Square gig on Friday 24th June.
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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.
