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Moderate NI space worth reaches 17-year prime all through 2024


The common space worth in Northern Eire rose by means of 9% all through 2024, in line with reputable knowledge.

The common worth within the ultimate quarter of 2023 was once simply over £168,000, emerging to simply over £183,000 by means of the general quarter of 2024.

The figures from the Northern Eire Statistics and Analysis Company (Nisra) duvet virtually all gross sales, together with money offers.

That’s the absolute best moderate worth since early 2008, simply after the bursting of a belongings worth bubble.

The common worth on the finish of 2024 ranged from £161,000 in Mid and East Antrim to £218,000 in Lisburn and Castlereagh.

The selection of properties bought greater moderately to simply over 23,000.

One issue that may be contributing to deal with worth inflation in NI is the loss of new housing provide coming onto the marketplace.

This is in part because of restrictions on new connections to an underfunded water device.

Plans for an estimated 19,000 properties are being held up because of the limitations – affecting building in 23 cities.

New reputable figures on housing provide are because of be printed on Thursday.



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