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Latest House Price Index

Published: Thur, 5 Jun 2014
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The survey suggests a a period of steady and gradual improvement
House Price Index
The latest House Price Index, for the first quarter of 2014, has been published.
This survey analyses the performance of the Northern Ireland housing market during the first quarter of 2014, the months of January, February and March. The report is concerned with trends and spatial patterns in the housing market drawing comparisons with the first quarter of 2013, as a measure of annual change, and with the fourth quarter of 2013, as an indicator of quarterly change.
The headline figures emerging from the analysis confirm that a gentlerecovery is taking place in Northern Ireland’s housing market. This latest snapshot offers further encouragement to participants in the broader “housing economy” in the region, with the survey heralding another increase in the sample of transactions, reflecting house sales at their highest in 6 years.
After the pronounced housing cycle and market excesses that the region experienced over the last decade, a period of steady and gradual improvement will enhance the prospectsof a sustainable recovery.