Northern Ireland House Price Index Shows 9.5% Annual Growth in Q1 2025

Date published: 21 May 2025

New accredited official statistics published today by NISRA statisticians in the Department of Finance show Northern Ireland house prices continued their strong growth in the first quarter of 2025, with the House Price Index (HPI) increasing by 9.5% between Q1 2024 and Q1 2025.

Key findings:

• The Northern Ireland House Price Index now stands at 113.9 (Q1 2023 = 100)
• The standardised house price reached £185,037 in Q1 2025
• Prices increased by 1.0% compared to the previous quarter (Q4 2024)
• Annual growth of 9.5% between Q1 2024 and Q1 2025
• 5,467 residential property sales were recorded during the quarter

Regional variations across Northern Ireland

• Causeway Coast and Glens saw the highest annual price growth at 15.4%
• Mid Ulster experienced the lowest annual growth at 5.2%
• Lisburn and Castlereagh remains the most expensive area with an average standardised price of £221,029
• Mid and East Antrim has the lowest standardised price at £165,289
• All council areas except Fermanagh and Omagh saw quarterly price increases, ranging from 0.2% in Mid Ulster to 2.5% in Mid and East Antrim

Property types and new builds

• Apartment prices increased by 1.6% quarterly and 9.0% annually
• Terrace properties showed a quarterly rise of 1.3% and annual growth of 10.6%
• New dwellings increased by 10.3% annually, slightly outpacing existing resold dwellings which rose by 9.3%

About the publication

The Northern Ireland House Price Index provides a measure of change in the price of standardised residential property sold in Northern Ireland. 

The full report includes analysis of:

• Regional price variations by Local Government District
• House price changes by property type
• Comparison between new and existing resold dwellings
• Sales volumes
• Economic context

Further information

Read the full report: Northern Ireland House Price Index January – March 2025 (Q1 2025)