Property Data OutlookNorthern Ireland
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Northern Ireland
Key indicators for buyers
The Northern Ireland market is moderately favourable for buyers. Prices are rising at 7.5%, which may favour acting sooner rather than later. Rising rents (£875/mo, +5.2%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Northern Ireland is £875, up 5.2% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Northern Ireland price of £195,936 with a 25% deposit (£49k), a 2-year fixed mortgage at 3.97% costs around £773 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£773) are £102 less than renting (£875). However, buying requires an upfront deposit of £49k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.