NI house prices rose by 4% in 2017
House prices in Northern Ireland rose by 4.3% in 2017, official figures have shown.
By John CampbellBBC News NI Economics & Business Editor The figures are from the NI Residential Property Price Index, which analyses almost all sales, including cash deals. All council districts saw price increases, ranging from 8.8% growth in Derry City & Strabane to 1.2% in Antrim and Newtownabbey. A total of 22,809 homes were sold in 2017, broadly the same number as in 2016. The standardised house price stood at £130,482 in the final quarter of 2017. Strongest price growth The lowest standardised price of £116,970 was in Derry & Strabane while the highest, £152,427, was in Lisburn and Castlereagh. Over the year, terraced houses showed the strongest price growth, up 4.9% to a standardised price of £90,670. Apartment prices had the weakest growth, up by 2.6% to £105,875. NISRA, the official statistics agency, said the house price index is now 17.6% higher than at the start of of 2015, and 16.6% higher than the start of 2005. However, prices are still far below what they were in the bubble years of 2007 and 2008.