€330k for avg ROI new build, £180k in NI

In 2020 in ROI the median price for a new home was €336,000, well above the €230,000 for a second-hand home, according to Davy Stockbrokers’ June 2021 Irish Housing Market special report. The report highlights the Central Bank maintains that prices would be 25 per cent higher without the current mortgage lending rules.

In NI, the average price of NHBC registered new houses peaked in 2007-08 at £210,700, according to the Department of Communities’ Northern Ireland Housing Statistics 2019-2020 report. The same new builds went for £183,400 in 2019-20, an increase of 6.4 per cent on 2018-19 (£172,400).

In Q1 2021 the NI House Price Index recorded the highest average house price in the Lisburn/Castlereagh local authority.

Meanwhile the July 2021 Halifax House Price Index shows that annual house price rises in NI were the highest recorded since late 2007, registering an 11.5 per cent increase since April 2005.

 

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Written by Astrid Madsen

Astrid Madsen is the editor of SelfBuild & Improve Your Home magazine. She previously held the same role in an Irish trade publication, before that she worked at the National Standards Authority of Ireland. She graduated with a BA in Urban Studies from Columbia University in New York and holds an MBA from the Instituto de Estudios Bursatiles in Madrid. France of origin, she now lives in Portarlington, County Laois, where she's taken on the task of renovating a listed building! Email astrid.madsen@selfbuild.ie

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