1 Oct

Houses for sale in Northern Ireland perform well, report shows

Houses for sale in Northern Ireland perform well, report shows

A recent report has shown that houses for sale in Northern Ireland have performed better than any other region in the UK.

Nationwide's House Price Index, released yesterday (September 30th 2010), revealed that while the values for properties around Britain fell by one per cent over the last quarter, those in Northern Ireland rose by 1.6 per cent.

The findings also demonstrate that during the three months the region has showed the weakest annual price change.

Nationwide's chief economist Martin Gahbauer also stated that London continued to be the "top performing region on an annual basis".

He said the annual growth of prices on houses for sale in the capital was 9.2 per cent in the third quarter of 2010.

Mr Gahbauer added that the last three months became the city's sixth consecutive quarter price rise, increasing by 0.4 per cent.

Royal Institution of Chartered Surveyors' (Rics) chief economist Simon Rubinsohn stated that the findings parallel results from the recent Rics report, which predicts that house prices in London will "show the greatest resilience".  ADNFCR-1222-ID-800094971-ADNFCR

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