Northern Ireland

Northern Ireland house prices rise by 2.6% in April says ONS

For sale signs
Image caption The rise of 2.6% in April was the lowest increase in any UK region, according to the ONS

House prices in Northern Ireland rose by 2.6% in April, according to the Office for National Statistics (ONS).

That was the lowest increase of any UK region - the UK average was 9.9%, but that was skewed by a rise of almost 19% in London.

The ONS index suggests the price of a typical house in NI is £132,000, a figure that has barely changed in two years.

The ONS index is based on data from mortgage completions.

It is provided by the Council for Mortgage Lenders.

The most comprehensive house price index for Northern Ireland suggested that prices rose at an annual rate of 7% in the first quarter of 2014.

The Northern Ireland Residential Property Price Index, which is produced by Stormont's statistics agency, records the details of all sales.

It calculates the average residential property price to be £102,000.

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