NORTHERN Ireland property prices have fallen by one per cent - the first fall in three years.
The Northern Ireland Statistics and Research Agency (NISRA) has revealed the figures for the first quarter of the year were lower than the last of 2015.
However, they remain up by 5.9 per cent year on year, with the average price now standing at £117,500.
The lowest average can be found in Derry City and Strabane where it sits at £99,527, while the highest is £140,686 in Lisburn and Castlereagh.
The last time prices fell was in 2013.
Just last week, the latest report from the Royal Institution of Chartered Surveyors (RICS) said, while demand in Northern Ireland had fallen for the first time in more than four years, prices were continuing to rise.
It reported demand had cooled off in April following a period of increased activity in some segments of the market.
Surveyors said buyers had brought transactions forward to beat the introduction of an impending change to stamp duty at the beginning of April.
In March, the first fall in new buyer enquiries reported in 50 months but surveyors said they anticipated house prices and sales in the north would rise marginally over the three months ahead.
Rics has previously said it expects Northern Ireland house prices to rise by around 5 per cent over the course of 2016.
A report earlier this year found that house price growth in Belfast is slower than any other major UK city.
