Qualified advisers answering your
Financial Questions
call 0800 092 1245

Northern Ireland property market fragile

It would appear that hopes of a short to medium-term recovery in the Northern Ireland property market may well be dashed with news that property prices fell by 2.5% in the second quarter of 2010 compared to the first quarter. While the year on year increase compared to the same period last year was still a positive 2.4% it is the ongoing slow down which is causing major concern.

The average property in Northern Ireland is now valued at £163,459 although interestingly 61% of properties on the market are selling at £150,000 or below. In a further bizarre twist it was also revealed that the price of different types of property have fluctuated enormously over the year with terraced and townhouses falling by 11.9% while detached houses have increased by 18.8% over the year.

This massive divergence in performance is almost unbelievable but yet again perfectly illustrates the very difficult and unpredictable property market of today. It also highlights the fact that buyers are being very selective in their choice of properties and, with house prices across the board showing signs of weakness, the ongoing recovery in the Northern Ireland property market is fragile to say the least.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details