Residential property prices down in first quarter

Residential property prices in Northern Ireland fell slightly in the first quarter of the year, according to new figures from the Northern Ireland Statistics & Research Agency.

The NI House Price Index decreased by one per cent from Q4 2018 to Q1 2019, though it was up by 3.5 per cent on a year-on-year basis.

The House Price Index is now 21.5 per cent higher than it was in Q1 2015, the reference period.

The biggest annual increase was in the Causeway Coast and Glens council area, which saw prices rise by 9.6 per cent to £144,168 in Q1 2019.

The only year-on-year drops were in Mid Ulster (£131,751) and Newry, Mourne and Down (£137,768), both down by 0.3 per cent.

Tags: House prices

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