House prices fall by 11.4% as Ulster Slows Down

House prices in Northern Ireland are down by 11.4% compared with the second quarter of the year, it was revealed today.

Despite the latest findings from the Nationwide's House Price Survey, the province is still enjoying the highest house price growth in the UK at 42.6% for the critical third quarter of the year (July-September).

House prices here have tumbled down from a whopping 54% in the second quarter of this year to the current level, making the province the region with the greatest slowdown.

Despite this, property price growth has beaten even London with its 16.5% hike in values.