Belfast, Northern Ireland (27th Jan 2014) – First Time Buyer NI, a website dedicated to supporting first-time buyers in Northern Ireland, is pleased to see a rise in Northern Ireland House Prices for the first time since 2007.
Property prices have risen by 3.3% for the first time in seven years as a result of a year on year increase. This rise is some of the best news the property market has seen since the crash of 2007. The average house price is now £131,000, which is still great value for money in comparison to the UK market.
Thanks to the release of government figures in 2013, first time buyers and estate agents are able to see the stabilisation of the property market and the recovery that is taking place; a positive sign for the whole of Northern Ireland’s economy.
First Time Buyers NI’s spokesperson commented: “We’re thrilled about the rise in property prices. This steadying of the market allows us to think positively about the future for the first time in a long time. We want to stress the importance to first time buyers of getting on the property ladder, as prices are likely to continue to rise.”
The property price rise was predicted in December 2013 and has now come to fruition. This positive turn for the market will hopefully continue and allow the market to grow.
For more information on First Time Buyer NI, visit www.firsttimebuyerni.com or call 028 9047 1401.
About First Time Buyer NI:
First Time Buyer NI is dedicated to helping first-time house buyers find their perfect property, with extensive listings from estate agents across Northern Ireland. First Time Buyer NI also offers information on all aspects of purchasing a first home, covering mortgages, financial planning, insurance and more.
First Time Buyer NI
392 Upper Newtownards Road
Telephone: 028 9047 1401