Northern Ireland house prices continued to rise at the fastest rates in the UK, and underlying demand remained reasonably strong, despite some cooling in market activity, according to PropertyPal’s latest monthly snapshot.
Average prices increased by 3.6% compared to the same month last year, according to the leading property portal. This compares to a 0.4% fall in the average price across the UK.
When it comes to demand, whilst there were fewer sales in August compared to the corresponding month in 2025, the time residential properties took to reach sale agreed was the same as last year, suggesting underlying demand remains intact.
Jordan Buchanan, Chief Executive of PropertyPal, said: “Northern Ireland house prices continue to grow at the fastest rate across the UK, up 3.6% over the last year. This compares to average UK prices falling by 0.4%, according to the latest data from Lloyds. There were approximately 2,150 properties agreed for sale during August, down 7% on last year’s 2,300, with wider data points showing some cooling in market activity. The UK housing market has faced a challenging summer, with global events impacting inflation and interest rate expectations, weighing on consumer confidence.
“Even so, it’s taking buyers exactly as long to agree a sale as it did a year ago, which suggests underlying demand remains healthy. That said, the outlook remains highly uncertain, with persistent inflation pressures and mortgage rates increasing. Financial markets are no longer pricing in rate cuts, and are now leaning towards the Bank of England raising interest rates before the end of the year.”
