House prices in Northern Ireland have managed to buck the wider UK trend and edge higher despite a slight easing the tight supply picture, according to two residential property surveys.
Both building society Halifax and estate agents’ body the Royal Institute of Chartered Surveys (RICS) showed an uptick in prices on an annual basis, although the rate of price rise has eased as a result of inflationary pressures and rising interest rates.
Halifax put the average price of a property in the province at £187,334 in May, up 1.5% on the same month last year and 2.7% on April. Across the UK as a whole, prices were down 1% on the year.
