Jul 23 2025 12:29:00

Northern Ireland’s housing market continued to perform strongly through the second quarter of the year, with activity levels and price growth both ahead of long-term trends. There were approximately 7,100 newly agreed sales between April and June, which is around 3% above the long-run average. Properties are also selling more quickly, with the average time to secure a buyer now just 38 days, down from 42 this time last year, and well below the longer-term average of 50 days.

This sustained demand has contributed to continued growth in house prices, with the average home now valued at around £230,000, up 8.9% over the past 12 months.

Price growth in Northern Ireland is the highest across all UK regions, with recent Nationwide figures showing a similar trend, in contrast to the more modest 2.9% growth across the wider UK market.

While economic uncertainty and some softening in labour market conditions may temper momentum slightly, household finances remain in relatively good shape. The Financial Conduct Authority’s recent plans to ease lending restrictions, alongside the prospect of further interest rate cuts later this year, should support affordability and help maintain activity in the months ahead.