NI house prices increase by 2 per cent
House prices in Northern Ireland increased by 2% over the three months to September, official statistics show.
Ten of the 11 district council areas showed an increase over the quarter.
The standardised price for Northern Ireland as a whole was £139,951 and ranged from £120,110 in Derry City and Strabane to £164,900 in Lisburn and Castlereagh.
The median price was five times median annual gross full-time earnings, according to Land and Property Services.
The house price index uses stamp duty data on residential house sales.
Results for the most recent quarter - July to September - show:
- Between Q2 (April-June) and Q3 (July-September) the index increased by 2.3%
- Between Q3 2018 and Q3 2019 the index increased by 4%
- 6,002 residential properties sold during Q3 (this will be revised upwards next quarter due to late returns)
- The number of properties sold in Q2 increased by 718 due to late returns
- The index is 26.1% higher than Q1 2015