'As we look ahead to 2026, there are no signs of demand easing': Buyer interest and property enquiries reach multi-year highs as Northern Ireland prices and sales continue to rise
Sales enquiries up 12% and average house prices reach £238,708 as demand shows no signs of easing, according to PropertyPal
Strong demand in Northern Ireland’s housing market shows no signs of easing in 2026 with buyer interest and enquiries at multi-year highs, according to PropertyPal.
The leading property portal’s latest monthly snapshot shows that the local housing market is closing out the year in relatively robust shape and will have momentum into 2026.
Sales enquiries to agents in November were 12% higher than they were in the same month last year and PropertyPal website traffic was over 7% higher.
Prices in the sales market also continued to move upwards, with the average house price in NI – now £238,708 - being 6% higher than in November 2024.
Jordan Buchanan, chief executive officer at PropertyPal said: “Northern Ireland’s housing market is closing out the year in relatively robust shape. The wider economy is showing modest growth, labour market conditions remain strong, and wages continue to rise faster than inflation, all of which are helping to support affordability.
“Mortgage conditions are also improving, with lenders easing criteria and reducing rates. With further interest rate cuts expected in the months ahead, this should provide additional momentum into 2026.
"We anticipate the market will end the year with approximately 26,000 residential sales transactions, a very healthy level in line with long-term averages.
“Supply in the resale market has improved this year, albeit from relatively low levels, and house prices have grown by around 6% year-on-year. As we look ahead to 2026, there are no signs of demand easing. Search activity and agent enquiries are at multi-year highs, suggesting continued support for both price growth and transaction volumes in the year ahead.”
Key takeaways:
Sales enquiries: +12%
House sales: 1,878
House prices: +6%
PropertyPal website traffic: +7.1%
Average house price: £238,708
Average rent: £995
Average listed time to reach sale agreed: 48 days