NI house prices dip for first time in four years

You are viewing content from Q North West 102.9. Would you like to make this your preferred location?

By David Hunter

Average house prices in Northern Ireland dropped 0.8% in the first quarter of the year. 

The latest statistics show nearly 4,400 properties were sold between January and March. 

The price drop was the first in four years, however overall house prices rose 4.3% since this time in 2016.

The typical UK property value was £216,000 in March, marking a 0.6% fall compared with February, according to the report released jointly by the Office for National Statistics, the Land Registry and other bodies.

Some experts pointed to signs of a "Brexit-related" slowdown, while others said house prices simply could not continue rising at some of the high levels seen in recent years.

The average price in Northern Ireland now stands at £124,000.

More from Q Radio Local News

Join the Thank Q Club

Sign up for the Thank Q Club and receive exclusive offers, fun competitions and amazing prizes - it's quick and easy to do!

Sign Up Log In

Listen on the go

Download the Q Radio app to keep listening, wherever you are! It's available on Apple and Android devices.

Download from the App Store Download from Google Play