School of the Built Environment

Quarter 4 2011

This survey analyses the performance of the Northern Ireland housing market during the fourth quarter of 2011 spanning the months of October, November and December. The report is concerned with trends and spatial patterns in the housing market drawing comparisons with the fourth quarter of 2010, as a measure of annual change, and with the third quarter of 2011 as an indicator of short-term, quarterly change. The report is produced by the University of Ulster in partnership with Bank of Ireland and the Northern Ireland Housing Executive.

The price statistics are based on market evidence from a sample of 960 properties. The sample size is low reflecting the still difficult conditions in the local housing market and down on that for the previous two quarters which had transaction volumes of 1133 and 1062 properties respectively. However, when compared with the final quarter of 2010 (n=684), the sample size is significantly improved suggesting that the limited market recovery in terms of property sales has not stalled.

Download full version of the latest House Price Index here