Northern Ireland House Price Index

Although property prices fell in Northern Ireland in the first Quarter of 2017 (January –March) according to the Land & Property Services assisted by the Northern
Ireland Statistics & Research Agency. There is still good news on the horizon:

·Between Q1 2016 and Q1 2017 the house price index increased by 4.4%

·4379 Residential Properties were sold during Q1 2017

·The average price for Northern Ireland as a whole is £127,007

The table below shows the trends in the local district council property markets across Northern Ireland

House Price Index and Standardised Price in each council area Q1 2017

Antrim and Newtownabbey
Index: 111.3 Quarterly Change: -2.2% Annual Change: 6.0% Std Price: £127,920

Ards and North Down
Index: 106.4 Quarterly Change: -0.2% Annual Change: 2.2% Std Price: £142,807

Armagh City, Banbridge and Craigavon
Index: 114.2 Quarterly Change: 1.3% Annual Change: 4.5% Std Price: £112,532

Belfast
Index: 109.6 Quarterly Change: -2.3% Annual Change: 4.4% Std Price: £115,868

Causeway Coast and Glens
Index: 117.7 Quarterly Change: -1.4% Annual Change: 3.6% Std Price: £127,081

Derry City and Strabane
Index: 115.6 Quarterly Change: 1.7% Annual Change: 8.4% Std Price: £109,411

Fermanagh and Omagh
Index: 117.2 Quarterly Change: -0.6% Annual Change: 2.2% Std Price: £112,358

Lisburn and Castlereagh
Index: 109.2 Quarterly Change: -1.3% Annual Change: 3.0% Std Price: £146,662

Mid and East Antrim
Index: 111.0 Quarterly Change: -3.1% Annual Change: 3.8% Std Price: £114,932

Mid Ulster
Index: 111.7 Quarterly Change: 0.5% Annual Change: 2.0% Std Price: £124,950

Newry, Mourne
Index: 115.8 Quarterly Change: 2.3% Annual Change: 7.9% Std Price: £130,322