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ULSTER-UNIVERSITY-House-Price-Index-Reports-Q3-2023-web.pdf
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🔗 Source: ulster.ac.uk
📊 Size: 1.74 MB
👤 Author: Ulster University
⬇️ Downloads: 103

Summary

The Northern Ireland housing market remained steady during the third quarter of 2023, with an average house price of £205,545, despite expectations of a slowdown due to interest rate hikes. The market saw a 0.59% increase in prices compared to the previous quarter, but a 0.82% decrease annually. The number of transactions was the highest since early summer 2022, with 3,072 transactions. The report notes that the proportion of properties transacting at lower price levels has decreased, making it challenging for first-time buyers to enter the market. Average rents in the private rented sector have increased by 5% to £817 per month, putting pressure on households to meet their housing costs. The regional outlook shows varying price activity across local government districts, with eight out of 11 districts seeing price increases.

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The Northern Ireland housing market remained steady during the third quarter of 2023, with an average house price of £205,545, despite expectations of a...

Technical Information

  • File Format: PDF
  • File Size: 1.74 MB
  • Pages: 17
  • Language: EN
  • Author: Ulster University
  • Total Downloads: 103
  • Last Updated: 1 week ago

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