NI Housing Market Update: Q3 2025

Published 31 Oct 2025

Introducing the Q3 2025 edition of our Housing Market Update, where we examine the latest trends in the NI housing market.

The full report can be viewed below or accessed here: Download PDF

NI house prices up 7% and sales volumes increase again

• Average property price: £232,527
• House prices: +7%
• Sales volumes: +5%
• Number of sale agreed properties: 6,996
• The average time to reach ‘sale agreed’ is 45 days (same as Q3 2024)
• Average rent: £987p/m
• Rental growth: +6.1%
• Enquiries per property: 73 on average for each advertised rental property

Northern Ireland’s housing market remained robust through the third quarter of 2025, with growth in both prices and sales volumes compared to long-term trends, according to PropertyPal’s latest report.

There were 7,000 residential property sales between July and September, five percent higher than the corresponding quarter of 2024. Average house prices were seven percent higher in the same timeframe, increasing to £232,527.

Breaking the figures down by council area, Fermanagh & Omagh experienced the biggest average price rise at 9.9% over the year (3.4% over the quarter).

In the rental market, the average rent reached £987 per month in the quarter, an increase of 6.1% on last year, and interest remained strong, with an average of 73 enquiries for each advertised rental property.
 

Jordan Buchanan, Chief Executive Officer at PropertyPal, commented on the Q3 2025 housing market:

“Northern Ireland’s housing market remained robust throughout the third quarter, with growth in both prices and sales volumes compared to long-term trends. There were approximately 7,000 newly agreed sales over the quarter, up 5% on last year and 8% above the long-run average.

“Conditions remain supportive as we head into the final quarter of the year. The average time to find a buyer is 45 days, around two weeks faster than the long-term norm, and demand-side indicators remain strong. Over the past three months, search traffic on PropertyPal increased by 5%, while enquiries to estate agents rose by 16%.

This continued strength is placing upward pressure on prices. Average values are now up 7% year-on-year, and the latest figures from Nationwide confirm that Northern Ireland continues to lead all UK regions in annual price growth.

“Despite ongoing economic uncertainty and sustained pressure from higher interest rates, the local market has proven resilient. Unemployment remains low, household finances appear relatively healthy, and recent wage growth is helping to support affordability and activity.

“Looking ahead, the upcoming UK Budget introduces some uncertainty, particularly if new tax-raising measures are announced. However, financial markets expect a further Bank of England interest rate cut in the coming months, which would offer additional support to mortgage affordability and overall market conditions.”
 

Discussing the rental market, Jordan Buchanan adds:

“The rental market has continued to see strong growth in rents, driven by a sustained shortage of available properties. Over the past 12 months, average rents have increased by just over 6%, with the typical property now costing £987 per month. Recent analysis from PropertyPal shows that almost 10% of properties previously listed for rent have been moved to the open market for sale, providing further evidence that some landlords are exiting the sector.

“Tenant demand remains exceptionally high, with 73 enquiries per listed property in the past three months, unchanged from Q3 last year, but down from 103 in Q3 2023, indicating that demand is cooling slightly, but from a very elevated base. Addressing the barriers to housing supply - across all tenures - remains the single most important challenge for the long-term sustainability of the rental sector.”