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Housing market boost as sales rise by 21% – 26th November 2014

Northern Ireland’s house sales volume have increased by 21% over the same quarter last year.

Houses prices also rose by 7% over the 12 months from July to September 2013.

Figures from the residential property index released yesterday by the Northern Ireland Statistics & Research Agency (NISRA) showed a steady and continuing return in the market since the pre-recession boom days.

They showed that the average house sale for quarter three of this year was £107,855.

While Belfast enjoyed a 10% increase in prices over the last year, the west and south only saw a 5% increase.

Ulster Bank chief economist Richard Ramsey said that while the number of house sales have been rising steadily over the last three years, it was still 52% lower than the peak recorded in 2006/7.