NI housing market remains stable but conditions in rental market soften
Activity in Northern Ireland’s housing market remained resilient during the summer, and the rest of the year is expected to see stable conditions, according to PropertyPal’s latest monthly market snapshot.
Sales enquiries in August were 22% higher than in the same month of 2024, with sales volumes broadly at the same level as last year. Average prices reached £235,862 in the month.
In the rental market, whilst headline rents continued to increase, the rate of growth has been moderating, and now sits at 6.4% on a year-on-year basis. Rental enquiries were lower than in August 2024 (-12.5%) representing a slowdown from extremely high levels.
