Northern Ireland's Average House Cost Over £215,000

by liamssoft | June 1, 2007 at 06:28 am

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The Touch Of Blair has transformed the housing market in Northern Ireland. Soon to be the New London for the most expensive property in the world. Tony Blair's magic at transforming real estate property values could be worth Billions to undervalued property spots.

Northern Ireland's average house price is now more than £215,000, according to a survey by the University of Ulster.

Prices are now ahead of Scotland, Wales and the whole north of England even though NI earnings tend to be lower than in most areas of Great Britain.

The report's authors found no signs so far of the market slowing down, despite recent interest rate rises.

They said investors were still strongly driving up prices, though they expected increases to slow later in the year.

Prices have gone up 46% in the past year and up 11% during the first quarter of 2007.