NI house prices are seeing double!

Not only have house prices jumped another 3% between the second and third quarter of the year (Q2 saw a 3.1% increase on Q1's prices), but the price difference between the third quarter of 2016 and the same period of 2017 is double that, rising a whopping 6%!

Photo: Ilya Yakover

The house price index is now 19.1% higher than Q1 2015 and all council districts showed a rise over the quarter.

Having lagged behind in previous reports, Belfast is catching up, posting a rise of 2.6% between the quarters. Its housing price index now sits an impressive 3.9% above what it was in Q3 2016.

The average price of a house in Northern Ireland is £132,169 - the average property in Belfast, by comparison, will set you back £123,409.

Photo: Olu Eletu

With property prices continuing to keep pace with the market, but staying below the NI average by nearly £9,000, it's no wonder my inbox is so full of queries and questions from experienced investors keen to cut a slice of the Belfast pie for themselves.

If you fancy dipping your toe into Belfast's proverbial waters, why not pick my brains? I've lived and worked in the heart of this thriving little city for well over 20 years and I can tell you - the water's just lovely!

Give me a bell on 028 9066 3106 or drop me a line to info@thebelfastpropertyblog.com.