House prices in Northern Ireland are up 9% on the same time last year, the latest official government statistics show.
The figures were released by the Northern Ireland Statistics and Research Agency (NISRA) this week, with the data taken from stamp duty information recorded by HMRC.
In the last three months of 2024, the average price of a house in Northern Ireland was £183,259 - a 9% increase on the final quarter of 2023. The cost of houses in the last quarter of 2024 also showed a 1.5% bump on the three months beforehand, the period from July to September.
Read more: Major change ahead for NI property sales costs in April as stamp duty rules change
Read more: I'm a property expert and here's 7 signs to spot a cowboy builder
The figures released by NISRA also showed a great deal of regional variation within Northern Ireland - from a high average price of £218,157 in the Lisburn and Castlereagh council area to a low of £161,050 in Mid and East Antrim.
The figures were drawn from a total of 6,248 residential property sales during the three month period up to the end of the year, NISRA say.
See you the prices have changed in your area using the widget below:
A NISRA spokesperson, explaining how the House Price Index is put together, said: "The Index measures change in the price of residential property sold in Northern Ireland (NI). The Index uses Stamp Duty information on residential property sales recorded by HMRC. The NI House Price Index series is used as the NI component of the single official UK HPI and the statistics are comparable with other UK regions.
"The NI House Price Index was awarded Accredited Official Statistics status on 18 September 2018. Accredited official statistics have been judged to comply with the Code of Practice by the Office for Statistics Regulation, as the regulatory arm of the UK Statistics Authority. Accredited official statistics are called National Statistics in the Statistics and Registration Service Act 2007."
The figures for quarter four, 2024 in each council area, in alphabetical order, are as follows:
Antrim and Newtownabbey Index: 112.2 | Quarterly Change: 0.8% | Annual Change: 8.6% | Standardised Price: £186,209 Ards and North Down Index: 115.2 | Quarterly Change: 2.0% | Annual Change: 9.5% | Standardised Price: £209,399 Armagh City, Banbridge and Craigavon Index: 110.1 | Quarterly Change: -0.4% | Annual Change: 6.7% | Standardised Price: £167,907 Belfast: Index: 113.1 | Quarterly Change: 1.0% | Annual Change: 10.3% | Standardised Price: £168,979 | Causeway Coast and Glens Index: 110.6 | Quarterly Change: 2.0% | Annual Change: 9.7% | Standardised Price: £201,714 Derry City and Strabane Index: 118.7 | Quarterly Change: 3.4% | Annual Change: 10.1% | Standardised Price: £167,762 Fermanagh and Omagh Index: 113.7 | Quarterly Change: 2.5% | Annual Change: 11.0% | Standardised Price: £178,330 Lisburn and Castlereagh Index: 112.5 | Quarterly Change: 2.6% | Annual Change: 11.4% | Standardised Price: £218,157 Mid and East Antrim Index: 109.8 | Quarterly Change: 0.7% | Annual Change: 5.4% | Standardised Price: £161,050 Mid Ulster Index: 113.0 | Quarterly Change: 2.4% | Annual Change: 7.0% | Standardised Price: £173,466 Newry, Mourne and Down Index: 112.7 | Quarterly Change: 1.9% | Annual Change: 7.5% | Standardised Price: £195,480For all the latest news, visit the Belfast Live homepage here and sign up to our daily newsletter here.
English (United States) ·