Monthly Market Snapshot: July 2025

Published 25 Aug 2025

Introducing the July edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the Northern Ireland housing market. 

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.

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.