Northern Ireland house prices ended the decade showing continuous growth, according to the Northern Ireland House Price Index for the three-month period ended December 2019.
The data from the Northern Ireland Statistics and Research Agency found the standard price for a property in Northern Ireland is now £140,190, which is up 2.5% on the same period last year and an increase of 0.2% on the previous quarter.
According to NAEA Propertymark, estate agents throughout the country will “not be surprised” to hear the volume of sales has dipped with 6,021 confirmed sales in this quarter compared with 6,765 during the same period last year.
The trade body said a decline in sales was a trend that “continued throughout the year”, with 2019’s total of 23,919 confirmed sales being a 5% decrease compared with 2018.
Mary-Lou Press NAEA Propertymark regional xecutive for Northern Ireland and partner at leading Downpatrick estate agents Alexander, Reid and Frazer, said: “The start of the year has been extremely busy, new homes, in particular, proving popular with buyers.
“These figures are extremely pleasing and hopefully, the positive news will feed through to those who are considering selling but have been procrastinating with their concerns about market conditions.”