NI sees first house price rise in six years

House prices in the North have increased for the first time since 2007.

Between the start of this year and June, residential property prices rose by 2%, official statistics showed.

All property types, including detached, semi-detached, terrace and apartments, increased in value.

Stormont Finance Minister Simon Hamilton said: “It is promising to note that this is the first quarter since 2007 that an increase has occurred and confirms the views of local commentators that the property market here is beginning to stabilise.

“Over the long term, the index shows that the local market has rebalanced with prices at pre-2005 levels.”