General Market Trends
The main finding of this survey is the improving nature of the housing market in Northern Ireland from a price perspective. Evidence from this survey indicates that the strongly negative figures over the past two years may have been stabilised and indeed reversed with a modest increase in price levels. Over the year, there is now weighted price growth of 4.9% with a comparable rate of price growth over the quarter of 4.4%.
The overall average price of residential property in Northern Ireland for the first quarter of 2010 is £169,497 compared to an overall average of £161,429 for the final quarter of 2009. In percentage terms this represents a simple increase by 8.1% over the year and 5% over the quarter.
