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Belfast Live
Belfast Live
National
Jessica Black

Northern Ireland house prices increase despite Covid

The price of a home in Northern Ireland is up again despite Covid-19, it's been revealed.

The NI Statistics and Research Agency released the latest house price index - showing a 3 percent increase on last year.

And the price average is up to £141,131 - and by almost a third in the past five years.

Lisburn and Castlereagh is close to £30,000 above the average, sitting at £170,500.

House prices in the capital were below average, at £135,523.

Ards and North Down had the second highest price tag, at £154,659, followed by Antrim and Newtownabbey.

Armagh City, Banbridge and Craigavon has the cheapest homes in NI, at £124,693.

NISRA said the market had "essentially paused" from March to June this year - with the number of sales dropping by two thirds.

But prices were still up 0.3 percent on the last quarter.

Researchers said the price index was "robust" even though sales were down.

From April to June this year, 1,652 homes were sold - down 68 percent on last year.

Antrim and Newtownabbey had the highest increase in the past 12 months, with a 5.6 percent jump to £147,178.

Lisburn Castlereagh was up 4.3 percent followed just behind by Belfast at 4.2 percent.

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