Derry is the second cheapest place to buy a house in Northern Ireland as sales increase to their highest level following the crash

Derry is the second cheapest place to buy a house in Northern Ireland, according to the latest industry survey.

The average price spent on a house is £118,627, according to the Ulster University Quarterly House Price Index.

The Derry/Strabane area is second only to north Belfast, the cheapest area to buy a house in Northern Ireland, with £99,857 paid on average.

2,372 transactions were recorded in April, May and June of this year, resulting in the highest amount of sales in ten years.

The average price of a house in Northern Ireland has fallen slightly, however.

The research, produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society, shows that the average house price overall has fallen by 3.7% to £148,499.