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Birmingham Post
Birmingham Post
Business
David Elliott

Northern Ireland housing market ekes out gains amid UK-wide slide

Northern Ireland was one of only three regions of the UK to record an increase in annual house prices last month, according to Halifax.

The building society said the average price of a residential property in the province stood at £186,856 in June, an increase of 0.2% on the same month in June 2022. Yorkshire and Humberside saw a similar percentage increase while the West Midlands recorded a 1.5% increase.

However, the picture was not as positive in other regions with the average UK house price falling by 2.6% on an annual basis, the fastest rate in 12 years.

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