Average Northern Ireland house price rises by £3,000

By Julian O'Neill
BBC News NI Business Correspondent

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The average Northern Ireland residential property rose in value by £3,000, or 2.3%, in the third quarter of 2018, according to official data.

The typical property now costs £135,060.

The Northern Ireland Statistics and Research Agency (NISRA) said it is the sixth quarterly rise in a row. Prices are 40% below the peak of the market in late 2007.

However, two council districts recorded price falls in quarter three.

Derry and Strabane had a 0.2% price fall while prices fell 0.4% in Armagh City, Banbridge and Craigavon

In contract, Newry, Mourne and Down properties saw values grow by 4.8%.

Properties are most expensive in the Lisburn and Castlereagh council area at £161,215 on average.

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