Northern Ireland's house price winners and losers

House prices in Northern Ireland

The average house price in Northern Ireland currently stands at £176,131.

House prices in Northern Ireland  have increased by 4.1% or £6,978 in the last quarter

House prices in Northern Ireland have increased by 10.7% or £17,033 over the last year.

Since the start of the COVID-19 Pandemic average house prices in Northern Ireland have increased by 25.2% or £35,408

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 81% or £78,702.

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 £150,000 in Derry City and Strabane to £207,000 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:

Lisburn and Castlereagh, where house prices increased by 6.0%

Newry, Mourne and Down, where house prices increased by 5.2% and

Belfast which saw average house prices increase by 4.9%

Bottom three house price districts in Northern Ireland

Ards and Northdown where house prices only rose by 1.2%

Mid and East Antrim where house prices rose by 3.2% and

Antrim and Newtownabbey where average property prices rose by 3.5%

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:

Lisburn and Castlereagh, where average house prices increased by £11,700

Newry, Mourne and Down where the average house price rose by £9,520 and

Mid Ulster where house prices increased by £7,770

House prices in Northern Ireland rose the least in

Ards and North Down where house prices rose by £2,390

Mid and East Antrim where house prices rose by £1,990 and

Derry City and  Strabane where average house prices fell by £5,590

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:

Lisburn and Castlereagh where annual house price inflation is 12.9% 

Causeway Coast and Glens where annual house price inflation is running at 12.0%, and

Newry Mourne and Down where annual house price inflation is 11.8%

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

Derry City and Strabane, which saw house annual price gains over the last year of 8.8%

Belfast with annual average house price inflation of 13.5% and

Mid and East Antrim, where annual house price inflation is currently running at 13.8%

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 Ireland's local Government Districts over the last year (the previous 12 months).

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

Lisburn and Castlereagh where house prices increased by £23,550 over the last 12 months

Causeway Coast and Glens where house prices increased by £21,030 during the last 12 months, and 

Newry, Mourne and Down where average house prices have risen by £20,100 over the last 12 months

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

Derry City and Strabane where average house prices increased by £12,620 over the last 12 months

Belfast where average house prices increased by £13,500 during the last twelve months, and

Mid and East Antrim where house prices rose by £13,800 over the last 12 months

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