Monthly Market Snapshot:

Introducing the July edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the Northern Ireland housing market.&nbsp;&nbsp;The full report can be viewed below or accessed here: <a href="https://content-hub.propertypal.com/media/Monthly_Snapshot_Jul25_Final_1430fd369a/Monthly_Snapshot_Jul25_Final_1430fd369a.pdf">Download PDF</a>

Sales Enquiries

+27%

House Sales

+14%

House Prices

+7.3%

Key highlights from the report include:

The Northern Ireland housing market activity remained strong in July, with house sales up 14% compared to last year and prices rising by 7.3%, according to PropertyPal’s latest market snapshot.Indeed, the leading property portal also reported a 27% annual increase in sales enquiries, with the recent interest rate cut by the Bank of England expected to help sustain ongoing buyer activity. Meanwhile, rental market conditions have softened. Enquiries have eased, rental growth is moderating, and the average time to let agreed has increased from 30 to 37 days over the past year.

&nbsp;<blockquote>Jordan Buchanan, Chief Executive Officer at PropertyPal, commented on the July housing market:"Market activity remained strong in July, with newly agreed sales up 14% on last year and prices rising by 7.3%. There remains strong evidence of heightened buyer demand with growth in search activity leading to a more significant 27% increase in enquiries for properties for sale. The recent interest rate cut is expected to support this momentum throughout the rest of the year. In the rental market, we’re seeing further signs of softening demand, with tenant enquiries easing and the pace of rent growth moderating to 6.7%," he adds.&nbsp;</blockquote>

Introducing the July 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: July 2025

Introducing the August 2026 Monthly Market Snapshot, where we examine the latest trends and developments in the NI housing market.The full report can be viewed below or accessed here: <a href="https://content-hub.propertypal.com/media/Monthly_Snapshot_Aug26_2490e614d1/Monthly_Snapshot_Aug26_2490e614d1.pdf">Download PDF</a>&nbsp;

NI Housing Market remains resilient but some signs of moderation&nbsp;Conditions in Northern Ireland’s housing market remained resilient last month, according to PropertyPal’s latest monthly snapshot, but there are some signs of ongoing moderation in prices and activity.Average prices are still rising, indeed at some of the strongest rates in the UK according to the leading property portal. However, they are doing so at a more modest 3.8% per annum when compared to 8.6% this time last year.Rents also continued to move upwards at a rate above inflation. But at 3.7%, this has moderated considerably from two years ago when annual growth in rents was over 10%.&nbsp;

&nbsp;<blockquote>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."</blockquote>

Key takeaways:<ul><li>House prices:&nbsp;+3.6%</li><li>Average house price: £244,467</li><li>Average new build price: £276,801</li><li>Average rent: £1,023</li><li>Sales enquiries: -5.6%&nbsp;</li><li>Rental enquiries: -3%</li></ul>

Introducing the August 2026 Monthly Market Snapshot, where we examine the latest trends and developments in the NI housing market.

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Monthly Market Snapshot: July 2025
Published 25 Aug 2025

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