University of Ulster, House Price Index, Quarter 2, 2012

Estate Agents

24th September 2012

Are things looking up? 

The recent survey has recorded varying fluctutations within the property market of Northern Ireland and its different sub-markets, however its not all doom and gloom, with some of the statistics indicating growth and possibly even future stability of the property market in Northern Ireland. 

 From the fifteen sub-markets detailed in the report, Belfast is beginning to show signs of some small market recovery, with the average house price rising 8.6% on the previous quarter, to just under £160,000. Properties located in the East and West of the city correlate strongest with the NI average house price with prices in both areas around £140,000. In contrast to this however, South Belfast is continuing the trend of having the highest average price at £225,592. Property prices remain the lowest in North Belfast, averaging at £82,507. 

This recent survey will therefore be good news to many homeowners and investors alike. If you are interested in buying visit our website, www.propertypeoplebelfast.com, or give us a call!