Monthly Market Snapshot:

Introducing the August edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the Northern Ireland housing market.&nbsp;The full report can be viewed below or accessed here: <a href="https://content-hub.propertypal.com/media/Monthly_Snapshot_August_2025_8fb472ee78/Monthly_Snapshot_August_2025_8fb472ee78.pdf">Download PDF</a>

Sales Enquiries

+22.1%

Average House Price

£235,862

Rental Enquiries 

-12.5%

Key highlights from the report include:

NI housing market remains stable but conditions in rental market softenActivity 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.

&nbsp;<blockquote>Jordan Buchanan, Chief Executive Officer at PropertyPal, commented on the August housing market:“Summer activity remained resilient, with around 2,200 newly agreed sales during August, in line with expectations and long-term trends. Both house prices and headline rents have increased by 6–7% over the past year, although the pace of growth continues to moderate. “Looking ahead, we expect the second half of 2025 to deliver broadly stable market conditions, underpinned by strong demand. Search activity and enquiries to estate agents remain at multi-year highs, signaling continued buyer interest. Rental demand also remains exceptionally high by historic standards, though there is growing evidence that conditions are beginning to soften. “However, the economic backdrop remains uncertain. Inflation remains high and continues to concern policymakers, while overall growth remains subdued. Further interest rate cuts are far from guaranteed, meaning mortgage affordability is unlikely to materially improve in the coming months.”&nbsp; &nbsp;</blockquote>

August 2025 Key Takeaways:<ul><li>Sales enquiries: +22.1%</li><li>PropertyPal website traffic: +16%</li><li>Average house price: £235,862</li><li>Average listed time to reach sale agreed: 45 days</li><li>Rental enquiries: -12.5%</li><li>Average rent: £988</li></ul>

Introducing the August 2025 edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the NI housing market.

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Monthly Market Snapshot: August 2025

New £3m Office Grant Boosts Newry Regeneration

Newry, Mourne and Down District Council has launched a £3 million Grade A Office Development Grant Scheme to stimulate private sector investment and support the ongoing regeneration of Newry City Centre.Funded by the Northern Ireland Executive through the Department for Communities (DfC) as part of the Belfast Region City Deal (BRCD), the scheme is designed to incentivise developers and property owners to invest in Grade A office infrastructure, fostering economic development, job creation and urban regeneration in Newry City Centre.The scheme will support both new build developments and the reuse of vacant or derelict buildings, aligning with the Council’s commitment to environmental sustainability and the creation of modern, energy-efficient workspaces.The Grade A Office Development Grant Scheme also forms a key component of the Council’s wider regeneration ambitions and economic development strategy for the area. It aims to act as a catalyst for high-quality development, unlock commercial potential, create employment, and help position Newry as a premier location along the Dublin-Belfast Economic Corridor.Communities Minister Gordon Lyons said, “I welcome the launch of the new Grade A Office Development Grant Scheme, which presents a significant opportunity to support economic growth in Newry. By supporting the creation of premium office space, we can attract forward-thinking companies to the city, enhance employment prospects and foster sustainable urban regeneration.”Speaking at today’s launch event to business leaders and potential investors, Newry, Mourne and Down District Council Chairperson, Councillor Philip Campbell, said, “This investment represents a major step forward in delivering on our vision for Newry City Centre. It sends a clear signal to the market that Newry is open for business and ready to welcome innovative, ambitious enterprises. We believe this scheme will not only bring new commercial developments to life but will also support job creation, improve local infrastructure and contribute to the sustained prosperity of Newry, Mourne and Down.”Interested developers and businesses are encouraged to engage early. Council officers will host a series of information sessions and one-to-one consultations over the coming month to support potential applicants in understanding the scheme’s requirements, including planning, sustainability, and business case expectations.&nbsp;Further details on the scheme, including the criteria, applicant guidance notes and the information sessions are available below.

Newry, Mourne and Down District Council launches a £3m Grade A Office Grant to boost city centre regeneration, attract investment, and create new jobs.

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Monthly Market Snapshot: August 2025
Published 18 Sep 2025

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