Homes in rural parts of NI more expensive than ones in cities according to new data

A striking statistic contained in a fresh government report shows that homes in the countryside are worth notably more than those in towns and cities on average.

Thursday, 1st October 2020, 6:00 am
Updated Thursday, 1st October 2020, 9:32 am
Chart from the report detailing average house prices
Chart from the report detailing average house prices

In the first quarter of this year, the average urban house price in Northern Ireland stood at £134,300, according to data cited in the Department of Agriculture, Environment and Rural Affairs’ Key Rural Issues 2020 report.

It was published yesterday.

It showed that homes within an hour of Belfast averaged £161,000.

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And homes in rural areas over an hour from Belfast averaged out at £151,400.

The report also states that 21% of all urban households are rented social housing – a figure which falls to only 7% in the countryside.

Meanwhile 92% of rural homes have a car/van – compared with just 76% of urban ones.

The report adds: “The extent of the combined economic impact of the Covid-19 pandemic, and the end of the EU Exit transition period on NI house prices remains to be seen.”

READ MORE STORIES FROM THIS REPORTER:

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