House prices in Northern Ireland have seen the fastest growth across the UK, with an average increase of 3.6% year-on-year in August. The average price for a home reached £244,467, according to PropertyPal's latest market snapshot.
This growth contrasts with the wider UK market, where average prices reportedly fell by 0.4% over the same period, based on Lloyds data. Despite the price increases, the Northern Ireland market is showing signs of cooling activity.
Approximately 2,150 properties reached 'sale agreed' in August, a 7% decrease from the 2,300 recorded a year earlier. Sales enquiries also saw a decline of 5.6%, and rental enquiries fell by 3% year-on-year, with the average monthly rent at £1,023.
Jordan Buchanan, chief executive of PropertyPal, noted that uncertainty regarding inflation and interest rates has impacted confidence in the housing market. However, homes are still taking the same amount of time to reach 'sale agreed' as they did in August 2025, suggesting underlying demand remains healthy.