Residential property prices increase slightly in Mid and East Antrim

Ballymena town centre shops have seen a surge in sales of sanitizer gels.

HOUSEHOLD property prices have increased slightly in Mid and East Antrim, a new report reveals.

Land & Property Services, assisted by the Northern Ireland Statistics & Research Agency, today released the House Price Index report for Quarter 4 2019.

The Index measures change in the price of residential property sold in Northern Ireland (NI) using Stamp Duty information on residential property sales recorded by HMRC.

The NI House Price Index series is used as the NI component of the single official UK HPI and the statistics are comparable with other UK regions.

The NI House Price Index was awarded National Statistics status on 18 September 2018.

Results for the most recent quarter (October – December 2019), which are provisional, show that:

  • Between Q3 (July – September) 2019 and Q4 (October – December) 2019 the house price index increased by 0.2%.
  • Between Q4 2018 and Q4 2019 the house price index increased by 2.5%.
  • The average price for a house in Northern Ireland is £140,190 and ranges from £124,208 in Armagh City, Banbridge and Craigavon to £165,011 in Lisburn and Castlereagh.
  • 6,021 residential properties sold during Q4 2019.

This number will be revised upwards next quarter due to late returns and the entry of new properties into the NI Valuation List.

The House Price Index is now 26.4% higher than Q1 2015 (the reference period);

Local Government District Index and Prices

The report includes trends in the property markets in each council area across NI.

The Index value for Q4 2019 for NI as a whole is 126.4 and ranges from 116.7 in Ards and North Down to 137.3 in Causeway Coast and Glens.

Detailed statistics on each council are shown below:

House Price Index and Standardised Price in each council area Q4 2019

Antrim and Newtownabbey
Index: 126.9
Quarterly Change: 0.9%
Annual Change: 3.5%
Standardised Price: £145,903

Ards and North Down
Index: 116.7
Quarterly Change: -0.5%
Annual Change: 2.5%
Standardised Price: £156,576

Armagh City, Banbridge and Craigavon
Index: 126.0
Quarterly Change: -0.6%
Annual Change: 3.6%
Standardised Price: £124,208

Belfast
Index: 124.7
Quarterly Change: -1.5%
Annual Change: 0.1%
Standardised Price: £131,754

Causeway Coast and Glens
Index: 137.3
Quarterly Change: 0.6%
Annual Change: 4.5%
Standardised Price: £148,269

Derry City and Strabane
Index: 133.6
Quarterly Change: 5.3%
Annual Change: 0.3%
Standardised Price: £126,510

Fermanagh and Omagh
Index: 136.5
Quarterly Change: -0.5%
Annual Change: 4.4%
Standardised Price: £130,840

Lisburn and Castlereagh
Index: 122.9
Quarterly Change: 0.0%
Annual Change: 2.5%
Standardised Price: £165,011

Mid and East Antrim
Index: 125.8
Quarterly Change: 0.9%
Annual Change: 3.1%
Standardised Price: £130,205

Mid Ulster
Index: 122.8
Quarterly Change: 0.8%
Annual Change: 1.4%
Standardised Price: £137,376

Newry, Mourne and Down
Index: 131.4
Quarterly Change: 0.6%
Annual Change: 4.3%
Standardised Price: £147,794

 

Leave a reply