University research shows average house price in Mid Ulster is £140,298

The average house price in Mid Ulster is £140,298 according to new Ulster University research.

Ulster University’s Quarterly House Price Index Report is produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society.

It recorded a high volume of annual and quarterly house sales and also highlights an increase of 8.8 per cent in the average house price since the first quarter of 2016.

The University research suggests an affordable housing market in Northern Ireland despite the increase in average house price. It reveals that the percentage of properties sold at or below £100,000 has dropped from 32 per cent to 26 per cent over the quarter.

This reflects the higher demand from first time buyers, which is driving up the average price of entry-level properties to over the £100,000 mark.

The report shows in Mid Ulster the overall average house price of £140,298 is slightly up on the previous quarter. It outlines that terraced/townhouses at £99,442 and semi-detached houses at £118,948 have also increased.