The Northern Ireland housing market has once again outperformed the rest of the UK, with property prices rising by 7.1% in 2024. This strong growth is attributed to a low supply of new homes and high buyer demand, fueled by easing interest rates and a positive economic outlook. Experts predict further price increases in the coming year, although stamp duty changes are expected to create short-term volatility.
The Northern Ireland housing market has outperformed all other regions of the UK for the second year running, according to latest figures from Nationwide.
The strong performance for the Northern Ireland market chimes with a range of other housing market reports which put the gains down to a continued lack of new supply. With little chance of that situation changing in the short term, further price rises in the year ahead are expected, particularly with impending tax changes on the horizon.
Housing Market Northern Ireland Property Prices UK Economy Stamp Duty
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northern Ireland housing: Portstewart locals 'being priced out'A former councillor says parts of the north coast have become a 'playground for more affluent people'.
Read more »
Record High Social Housing Waiting Lists Prompt Urgent Action in Northern IrelandThe Housing Supply Strategy in Northern Ireland aims to address the record high social housing waiting lists with a target of 33,000 new homes in the next 15 years. The strategy emphasizes the need for increased investment and collaboration between government and Housing Associations to meet the growing demand for affordable housing.
Read more »
Five social housing developments due to be completed in 2025The social housing waiting list in Northern Ireland is at an all-time high
Read more »
World Cup 2026 qualifying draw: England, Scotland, Wales, Northern Ireland and Republic of Ireland discover opponentsThomas Tuchel's first games in charge of England have been revealed, while Scotland, Wales and Northern Ireland have tricky 2026 World Cup qualifying tests.
Read more »
Northern Ireland Coach Ben Heron Hosts Ireland's Biggest Men's Development EventBen Heron, a Northern Ireland based fitness coach, is hosting 'New Year, New Man', a major event aimed at helping men achieve their physical and personal best. The event, taking place on January 5th at Windsor Park, encourages men to connect, learn and grow together.
Read more »
Ice Warning Issued for Northern Ireland, Power Outages in Republic of IrelandA fresh ice warning has been issued for Northern Ireland, with icy conditions expected to create travel disruptions. Meanwhile, thousands of homes remain without power in the Republic of Ireland due to severe weather conditions.
Read more »