Average house price in Derry is £109,522

The average house price in the Derry and Strabane area is £109,522 according to Ulster University’s latest Quarterly House Price Index survey.

The University research, which is carried out in partnership with the Northern Ireland Housing Executive, presents a snapshot of the performance of the residential property market in Northern Ireland between July and September this year.

The report indicates that Derry and Strabane area housing market is lower by 2.4 per cent over the year and by three per cent over the quartered compared to the strong second quarter performance.

Over the annual time-scale, the best performing property sectors are detached houses at £193,929 with a strengthening average price by 16 per cent and detached bungalows at £148, 571 up by 14.3 per cent.

However, both semi-detached houses at £94,362 and terraced/townhouses at £60,760 have lower average prices this quarter.