House pricesxa0in Newry, Mourne andxa0Downxa0increase by 11.2%u202fin the second quarter of 2025
u202fThe Northern Irelandxa0housing marketxa0continued on a strong footing through the second quarter of the year, with over 7,100xa0homexa0sales across Northern Ireland between April and June. This is up 12% compared with the same period in 2024 says the PropertyPal Northern Irelandxa0Housing Marketxa0Update Q2 2025.
As well as more sales, residential properties in NI also reached ‘sale agreed’ four days faster than in the April to June period last year.u202f
Price growth also strengthened, with the average house price in Northern Ireland increasing by 8.9% on an annual basis to just over £230,000. Breaking the figures down by council area, Derry City & Strabane experienced the highest average price rise at 14.5% over the year.u202f
In Newry, Mourne and Down there were 434 agreed sales in Q2 2025. Average house prices in the council area increased between Q2 2024 and Q2 2025. They were up 11.2% with the average house price in Newry, Mourne and Down being £256,948 in Q2 2025.u202f
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Jordan Buchanan, Chief Executive Officer at PropertyPal, said speaking on the NIxa0housing market:u202fxa0
“Northern Ireland’sxa0housing marketxa0continued to perform strongly through the second quarter of the year, with activity levels andxa0pricexa0growth 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,xa0downxa0from 42 this time last year, and well below the longer-term average of 50 days.u202fxa0
“This strength is reflected in buyer activity across PropertyPal too, with search volumes up 12% year-on-year and enquiries per advertisedxa0propertyxa0increasing by 3%.
“This sustained demand has contributed to continued growth inxa0house prices, with the averagexa0homexa0now valued at around £230,000, up 8.9% over the past 12 months.u202fxa0
“Pricexa0growth 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.u202fxa0
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“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.”u202fxa0
About Jordan Buchanan, Chief Executive at PropertyPalu202fxa0
Jordan Buchanan is the Chief Executive and Chief Economist at PropertyPal, acting as the spokesperson for the company and a trusted subject matter expert on all UK and Northern Ireland economic and housing matters.
He currently sits on the Board of Co-Ownership, Northern Ireland’s shared ownership provider. Jordan lectured in Economics at the Ulster Business School and is a regular commentator across a range of media outlets.u202fxa0
