Northern Ireland news

Belfast posts second highest annual growth in UK Cities House Price Index

It puts the average house price in Belfast at £133,800. Picture by John Stillwell/PA Wire

BELFAST has posted the second highest annual growth in a UK Cities House Price Index that shows general `deceleration' elsewhere.

The latest index from property website Zoopla finds that average house prices are 2.9 per cent higher than in January 2018, rising fastest in Leicester (6.0 per cent) followed by Belfast (5.8 per cent) and Manchester (5.4 per cent).

However, it shows a slowdown overall in the annual rate of growth across 13 cities, which it blames on "a mix of affordability pressures and uncertainty".

It puts the average house price in Belfast at £133,800.

Richard Donnell of Zoopla, said "underlying market conditions remain strong in regional cities".

The indices are based on a large underlying data sample, with 20 cities covered.

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