Northern Ireland's house price winners and losers

House prices in Northern Ireland

The average house price in Northern Ireland currently stands at £164,590.

House prices in Northern Ireland  have increased by 3.4% or £5,459 in the last quarter

House prices in Northern Ireland have increased by 10.4% or £15,506 over the last year.

Since the start of the COVID-19 Pandemic average house prices in Northern Ireland have increased by 16.9% or £23,867

House prices in Northern Ireland have yet to return to their peak of £225,000 just before the onset of the Global Financial Crisis, however, they have been on an upward trajectory since reaching a low of £97,430 in the first quarter of 2013. Since their lows in Q1 2013 average house prices in Northern Ireland have increased by 69% or £67,162.

Current regional house prices in Northern Ireland

The housing market in Northern Ireland is made up of many, many local markets. These local housing markets vary in size, some encompass a whole town, some a village and some just part of or one side of a particular street.

We look at the broader regional housing market across Northern Ireland as represented by the 11 local Government Districts.

In the chart below we show the current spread of average house prices across Northern Ireland's districts, house prices range from £146,000 in Derry City and Strabane to £190,000 in Lisburn and Castlereagh

We show in the Table below the house price moves across Northern Ireland for the most recent quarter and year in both relative (percentage %) and absolute (monetary) terms.

Northern Ireland's relative house price performance last quarter

In relative terms, house prices increased across all the regions and local Government Districts across Northern Ireland during the last quarter

The top three Northern Ireland house price districts were:

Ards and North Down where house prices increased by 4.8%

Amargh City, Banbridge and Craigavon where house prices rose by 4.7% and

Mid Ulster which saw average house prices increase by 4.3%

Bottom three house price districts in Northern Ireland

Derry City and Strabane where house prices only rose by 0.8%

Antrim and Newtownabbey where house prices rose by 2.5% and

Lisburn and Castlereagh where average property prices rose by 2.7%

We show the relative house price increases for all the local Government districts in Northern Ireland in the table below:

Northern Ireland's absolute house price performance last quarter

Turning to the absolute increases in house prices across Northern Ireland in the last quarter the three areas which saw the biggest monetary increase in house prices were:

Ards and Northdown  where average house prices increased by £8,623

Causeway Coast and Glens where the average house price rose by £7,089 and

Mid Ulster where house prices increased by £6,613

House prices in Northern Ireland rose the least in

Derry City and Strabane where house prices rose by £1,157

Antrim and Newtownabbey where house prices fell by £4,032 and

Belfast where average house prices fell by £4,467

Northern Ireland's relative house price performance last year

Turning our attention to house price increases across Northern Ireland over the last year, we see that house prices increased in all 11 Government Districts. House prices rose the most in:

Causeway Coast and Glens where annual house price inflation is 14.8% 

Armagh City, Banbridge and Craigavon where annual house price inflation is running at 14.0%, and

Newry, Mourne and Down where annual house price inflation is 13.5%

At the lower end of the Northern Ireland house price inflation table were

Belfast which saw house annual price gains over the last year of 6.8%

Lisburn and Castlereagh with annual average house price inflation of 7.9% and

Antrim and Newtownabbey  where annual house price inflation is currently running at 8.6%

Northern Ireland's absolute house price performance in the last year

The table below shows how much in absolute monetary terms house prices have increased by in each of Northern Irelands local Government Districts over the last year (the previous 12 months).

House prices in Northern Ireland have increased by the most in:

Causeway Coast and Glens where house prices increased by £23,600 over the last 12 months

Newry, Mourne and Down where house prices increased by £21,000 during the last 12 months, and 

Armagh City, Banbridge and Craigavon where average house prices have risen by £18,100 over the last 12 months

House prices in Northern Ireland increased by the least over the last year in:

Belfast where average house prices increased by £9,700 over the last 12 months

Derry City and Strabane which has seen average house prices increase by £12,530 during the last twelve months, and

Antrim and Newtownabbey where house prices rose by £13,200 over the last 12 months

We show in the chart below the absolute house price increases for each Government District across Northern Ireland