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Rise in value of property across NI

There has been a rise in the value of property across Northern Ireland. Photo: UTV

There has been a rise in the value of property across Northern Ireland, according to the latest figures.

The House Price Index, published on Tuesday, showed a three percent increase over the past three months - and a six percent increase over the past year.

It said 5,453 residential properties were sold during the quarter.

The standardised price for NI as a whole is £132,169 and ranges from £115,339 in Derry City and Strabane to £159,966 in Lisburn and Castlereagh.

The Causeway Coast and Glens council has seen the largest growth with a rise of nearly five percent, while Antrim and Newtownabbey is the slowest at two percent.

The NI House Price Index is published in February, May, August and November each year, around eight weeks after the end of each quarter.

Giving his reaction, Samuel Dickey from the Royal Institution of Chartered Surveyors said prices are rising at a "healthy rate".

He went on: "The latest House Price Index demonstrates that average house prices in Northern Ireland are continuing to edge upwards, with all district council areas seeing prices rise over the quarter and the year.

"Overall, with an annual growth rate of six percent, average house prices are rising at a relatively healthy rate."