NI house prices rose 8% in March

Northern Ireland's house prices last month rose faster than anywhere else in the United Kingdom and at their fastest pace since…

Northern Ireland's house prices last month rose faster than anywhere else in the United Kingdom and at their fastest pace since last summer, figures published today revealed.

Price growth was reported to be over 8 per cent in the month, according to almost a third of Royal Institution of Chartered Surveyors (RICS) members who took part in the monthly housing market survey conducted with Ulster Bank.

A massive 96 per cent of chartered surveyors in the North reported increases in the month, with 75 per cent reporting rises of at least 5, and 30 per cent said the price growth was over 8 per cent.

Not one chartered surveyor reported a drop in prices and just 4 per cent reported them staying the same.

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The feel-good effect of relative economic strength and political progress will maintain current confidence levels, according to the RICS.

Prices in the North increased by an unprecedented 36 per cent  last year.