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Northern Ireland house prices rise by 10.9% in year to September

Average price of a house in Northern Ireland stands £143,000
Average price of a house in Northern Ireland stands £143,000

House prices in Northern Ireland increased by 10.9% in the year to September, new figures show today. 

Northern Ireland house prices there are now 45.2% below their peak reached in August 2007, with the average price now at £143,000. 

The average for the whole of the UK is £273,000.

According to figures from the Office for National Statistics, the average price for properties bought by first-time buyers increased by 13.3% over the year.

This is the highest annual increase in prices for first-time buyers since March 2005.

Overall UK house prices increased by 12.1% in the year to September 2014, up from 11.7% in the year to August 2014. Prices in London again showed the highest growth.