It can be seen that the Northern Ireland house price index was ***** points in the third quarter of 2007, but during the global recession it decreased and never re-gained the pre-crash levels. As of the third quarter of 2023 the residential property price index in Northern Ireland was *****, up from ***** in the same period in the previous year.

The average house price in Northern Ireland has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with 2023 chosen as a base year when the index value was set to 100. In May 2025, the house price index reached 113.9, meaning that house prices have grown by nearly 14 percent since January 2023 and 9.5 percent since the same month a year ago. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

Annual descriptive price statistics for each calendar year 2005 – 2023 for 11 Local Government Districts in Northern Ireland. The statistics include: • Minimum sale price • Lower quartile sale price • Median sale price • Simple Mean sale price • Upper Quartile sale price • Maximum sale price • Number of verified sales Prices are available where at least 30 sales were recorded in the area within the calendar year which could be included in the regression model i.e. the following sales are excluded: • Non Arms-Length sales • sales of properties where the habitable space are less than 30m2 or greater than 1000m2 • sales less than £20,000. Annual median or simple mean prices should not be used to calculate the property price change over time. The quality (where quality refers to the combination of all characteristics of a residential property, both physical and locational) of the properties that are sold may differ from one time period to another. For example, sales in one quarter could be disproportionately skewed towards low-quality properties, therefore producing a biased estimate of average price. The median and simple mean prices are not ‘standardised’ and so the varying mix of properties sold in each quarter could give a false impression of the actual change in prices. In order to calculate the pure property price change over time it is necessary to compare like with like, and this can only be achieved if the ‘characteristics-mix’ of properties traded is standardised. To calculate pure property change over time please use the standardised prices in the NI House Price Index Detailed Statistics file.

This statistic shows annual mix-adjusted house prices in Northern Ireland (UK) between the years of 2005 and 2015, and a forecast thereof for 2016 to 2025. It shows an increase in price from the year 2000 to 2007, including a dramatic increase form 2006 to 2007. The predicted trend showed that the market in Northern Ireland would be slower to recover than most other regions of the United Kingdom and it would take time to reach the levels seen before 2008.

Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.

The average house price in Belfast has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with January 2023 chosen as a base year when the index value was set to 100. In May 2025, the house price index reached 114.1, meaning that house prices have grown by 14.1 percent since 2023 and 10 percent since the same month in 2024. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

The Residential Property Price Index is a quarterly composite index, combining the Northern Ireland House Price Index with the Northern Ireland Apartment Price Index. It is designed to provide a measure of the change in price of a “typical” residential property sold in Northern Ireland, over the reference period. The index uses information on all residential properties sales each quarter. Source agency: Northern Ireland Statistics and Research Agency Designation: Official Statistics not designated as National Statistics Language: English Alternative title: NI Residential Property Price Index, NI Property Price Index

The house price index (HPI) shows changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. With the HPI set at a base of 100 in January 2023, a value of over 100 would mark an increase in the average dwelling price. A value of under 100 points, on the other hand, would indicate that the average price has dropped. In April 2025, the index measured 101.7 index points, showing an increase of 1.7 percent since January 2023. UK house prices grew rapidly during the COVID-19 pandemic House prices in the UK grew steadily between 2015 and 2020, fueled by stable economic growth and low borrowing costs. In the following two years, a combination of factors exacerbated this trend. These factors included a stamp duty holiday, low interest rates, a shortage of new homes supplied, and a high housing demand. As a result, house price growth soared, hitting a record 13.6 percent in July 2022. This trend in the index, and therefore the value of UK residential properties, has also been observed by the Halifax house price index. What is the average house price in the UK? Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

• Maximum sale price • Number of verified sales Prices are available where at least 30 sales were recorded in the area within the calendar year which could be included in the regression model i.e. the following sales are excluded: • Non Arms-Length sales • sales of properties where the habitable space are less than 30m2 or greater than 1000m2 • sales less than £20,000. Annual median or simple mean prices should not be used to calculate the property price change over time. The quality (where quality refers to the combination of all characteristics of a residential property, both physical and locational) of the properties that are sold may differ from one time period to another. For example, sales in one quarter could be disproportionately skewed towards low-quality properties, therefore producing a biased estimate of average price. The median and simple mean prices are not ‘standardised’ and so the varying mix of properties sold in each quarter could give a false impression of the actual change in prices. In order to calculate the pure property price change over time it is necessary to compare like with like, and this can only be achieved if the ‘characteristics-mix’ of properties traded is standardised. To calculate pure property change over time please use the standardised prices in the NI House Price Index Detailed Statistics file.

The Residential Property Price Index is a quarterly composite index, combining the Northern Ireland House Price Index with the Northern Ireland Apartment Price Index. It is designed to provide a measure of the change in price of a “typical” residential property sold in Northern Ireland, over the reference period. The index uses information on all residential properties sales each quarter.

Source agency: Northern Ireland Statistics and Research Agency

Designation: Official Statistics not designated as National Statistics

Language: English

Alternative title: NI Residential Property Price Index, NI Property Price Index

Annual descriptive price statistics for each calendar year 2005 – 2023 for 462 electoral wards within 11 Local Government Districts. The statistics include: • Minimum sale price • Lower quartile sale price • Median sale price • Simple Mean sale price • Upper Quartile sale price • Maximum sale price • Number of verified sales Prices are available where at least 30 sales were recorded in the area within the calendar year which could be included in the regression model i.e. the following sales are excluded: • Non Arms-Length sales • sales of properties where the habitable space are less than 30m2 or greater than 1000m2 • sales less than £20,000. Annual median or simple mean prices should not be used to calculate the property price change over time. The quality (where quality refers to the combination of all characteristics of a residential property, both physical and locational) of the properties that are sold may differ from one time period to another. For example, sales in one quarter could be disproportionately skewed towards low-quality properties, therefore producing a biased estimate of average price. The median and simple mean prices are not ‘standardised’ and so the varying mix of properties sold in each quarter could give a false impression of the actual change in prices. In order to calculate the pure property price change over time it is necessary to compare like with like, and this can only be achieved if the ‘characteristics-mix’ of properties traded is standardised. To calculate pure property change over time please use the standardised prices in the NI House Price Index Detailed Statistics file.

The UK House Price Index (HPI) is an official statistic that captures changes in the value of residential properties in England, Scotland, Wales and Northern Ireland.

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, Land & Property Services Northern Ireland and the Valuation Office Agency.

House prices in England have increased notably in the last 10 years, despite a slight decline in 2023. In December 2024, London retained its position as the most expensive regional market, with the average house price at ******* British pounds. According to the UK regional house price index, Northern Ireland saw the highest increase in house prices since 2023.

The average house price in the UK increased by 3.9 percent year-on-year in May 2025, according to the monthly house price index. The index is calculated using data on housing transactions and measures the development of house prices, with 2023 chosen as a base year when the index value was set to 100. In May 2025, the index reached 103 index points, meaning that house prices have grown by over three percent since January 2023.The house price index is an important measure for the residential real estate market. It is used to show changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. This upward trend in house price index, and therefore the value of residential properties, has also been observed by other measurers of house price index in the United Kingdom.

Information on new house sales and prices, actions for mortgage possessions, and new housing starts.

Source agency: Social Development (Northern Ireland)

Designation: National Statistics

Language: English

Alternative title: Northern Ireland Quarterly Housing Bulletin