School of the Built Environment

Quarter 3 2011

This survey analyses the performance of the Northern Ireland housing market during the third quarter of 2011 spanning the months of July, August and September. The report is concerned with trends and spatial patterns in the housing market drawing comparisons with the third quarter of 2010, as a measure of annual change, and with the second 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 1133 properties which is above that for the previous quarter (1062 properties) suggesting that the increase in transactions recorded during the second quarter of 2011 has been sustained with further growth in the volume of activity. Although the quarterly sample size is still below normal market expectations, the survey provides evidence that the market is recovering in terms of the number of transactions which are at the highest level since the final quarter of 2007.

Download full version of the latest House Price Index here