House prices in Newry, Mourne and Down take big jump
There’s good news if you are selling a house in Newry, Mourne and Down – and it’s not so good for those looking to buy.
That’s because it has been revealed that the price of a house in the district has taken a big leap over the course of the last year.
Land & Property Services, assisted by the Northern Ireland Statistics & Research Agency, have released the House Price Index report for Quarter 4 2024.
The index in Newry, Mourne and Down is 112.7, giving a quarterly increase of 1.9% and an annual change of 7.5%
The standardised price of a house in the district is £195,480.
Comparitively, across Northern Ireland the the house price index increased over the quarter by 1.5% and over the year by 9%. The average price for a house in Northern Ireland is £183,259 and ranges from £161,050 in Mid and East Antrim to £218,157 in Lisburn and Castlereagh.