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New evidence confirms that house prices continue to rise – 7 February 2014

House prices in Northern Ireland were marginally higher at the end of 2013 than the start of the year, according to research.

The figures are contained in the latest University of Ulster quarterly house price index which is produced in partnership with NIHE and the Bank of Ireland.

They show that in the first quarter of 2013 the average price was £131,128 and by the end of the year it was £132,922.

The price figure is based on 1,758 transactions, the highest number of sales since 2007.

Alan Bridle, UK economist at Bank of Ireland, said the Belfast market was “out in front in terms of activity levels”.