The typical home worth in Northern Eire rose by 9% throughout 2024, in keeping with official information.
The typical worth within the ultimate quarter of 2023 was simply over £168,000, rising to only over £183,000 by the ultimate quarter of 2024.
The figures from the Northern Eire Statistics and Analysis Company (Nisra) cowl virtually all gross sales, together with money offers.
That’s the highest common worth since early 2008, simply after the bursting of a property worth bubble.
The typical worth on the finish of 2024 ranged from £161,000 in Mid and East Antrim to £218,000 in Lisburn and Castlereagh.
The variety of homes bought elevated barely to only over 23,000.
One issue which can be contributing to accommodate worth inflation in NI is the shortage of recent housing provide coming onto the market.
That’s partially as a consequence of restrictions on new connections to an underfunded water system.
Plans for an estimated 19,000 houses are being held up as a result of restrictions – affecting development in 23 cities.
New official figures on housing provide are as a consequence of be revealed on Thursday.
