Upward momentum in the Northern Ireland housing market is waning as the cost of living crisis begins to bite, but a lack of supply continues to underpin prices.
Those are the findings of the latest report from online property site PropertyPal which reported that the average price of a house in the province stands at £183,700, up 5% from the same time last year.
While prices broadly continue to head higher, the pace of growth has been pared as inflationary pressures have begun to impact household incomes. One council area – Belfast – reported a drop in average house prices of 0.5% to £193,200, the report said, while all other regions saw price rises.
