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The housing market is shaping up for some interesting changes. Although no one has a crystal ball, experts are sharing predictions about what could happen. Read Next: 25 Places To Buy a Home If You...
Cofini said, “Certain areas are projected to experience significant price growth, potentially pushing them into unaffordable territory for many renters and buyers by 2025.”
An April 2007 survey found Northern Ireland's average house price to be one of the highest in the UK, behind London, the South East, and the South West. It also found Northern Ireland to have all of the top ten property "hot spots", with the Craigavon and Newtownards areas increasing by 55%. [15]
2025 existing home sale counts year-over-year: 17.3%. 2025 existing home median sale price year-over-year: 7.7%. Editor’s note: Data was sourced from Realtor.com and is accurate as of Dec. 10, 2024.
While predicting an overall growth of 4.2% for 2022, the OBR forecast the economy would shrink by around 1.4% during 2023. After that, however, it predicted growth for the years 2024–2026, with 1.3% in 2024, 2.6% in 2025, and 2.7% in 2026. The rate of inflation was predicted to be 9.1% in 2022 and 7.4% in 2023.
The Northern Ireland Statistics and Research Agency (NISRA, Irish: Gníomhaireacht Thuaisceart Éireann um Staitisticí agus Taighde) is an executive agency within the Department of Finance in Northern Ireland. The organisation is responsible for the collection and publication of statistics related to the economy, population and society of ...
CoreLogic predicts that home-price appreciation will slow to an average growth of 2 percent for 2025, as compared to 4.5 percent growth in 2024, according to Hepp.
Domestic rates are the local government taxation in Northern Ireland. Rates are a tax on property based on the capital value of the residential property on 1 January 2005. Domestic rates consist of two components, a regional rate set by the Northern Ireland Assembly and a district rate set by local councils. Rate levels are set annually.