Average Northern Ireland house price increased 10.9% in past year, says Halifax

The average UK house price edged down in September, from a record high recorded the previous month

Figures going back to the summer indicate the housing market may have already entered a more sustained period of slower growth across the UK, the Halifax has said.Across the UK, house prices fell back slightly by 0.1% in September, the bank said.

The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January.A typical UK property now costs £293,835, according to Halifax’s index.The average price in Northern Ireland in September was £184,570, which was an annual increase of 10.9%.Kim Kinnaird, director, Halifax Mortgages, said: “The events of the last few weeks have led to greater economic uncertainty, however in reality house prices have been largely flat since June, up by around £250.“This compares to a rise of more than £10,000 during the previous quarter, suggesting the housing market may have already entered a more sustained period of slower growth."Looking across the UK, annual house price growth is strongest in Wales, at 14.8%.Meanwhile, Scotland, London, Eastern England and the NE of England have seen house price inflation fall to single-digit levels, compared to NI’S 10.9% increase.The West Midlands has overtaken the SW to record the strongest rate of annual growth in England, with prices rising by 13.3% since last year.