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Birmingham Post
Birmingham Post
Business
David Elliott

Northern Ireland house prices push higher despite inflationary pressures

The housing market in Northern Ireland continues to push higher, according to latest government data, shrugging off concerns around the cost-of-living crisis amid a continued dearth of supply.

Land & Property Services said the average price of a house in the province stood at £169,063 in the second quarter of this year, a jump of 9.6% on the same time last year.

The report, which is based on HMRC data, showed that larger homes increased at a faster rate, with detached homes up 10.8% and semi-detached up 10.1% while terraces and apartments were up 8.4% and 6% respectively.

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