Northern Ireland’s housing market continues to deliver strong performance and underlying stability, supported by robust demand, improving transaction activity and a resilient local economy, according to the latest Northern Ireland Residential Market report.
The research, produced by the Sherry FitzGerald Research team, is based on detailed analysis of official market data, including transaction, price and development statistics published by the Northern Ireland Statistics and Research Agency (NISRA), alongside wider economic indicators.
Commenting on the findings, Simon Brien said the market has entered 2026 from a position of confidence, with positive momentum evident across all Council areas.
The Northern Ireland housing market has continued to perform strongly, with price growth recorded across every local authority and improved transaction levels compared with recent years. This reflects a market supported by genuine demand, strong employment conditions and growing confidence among buyers”
Average house prices increased by 7.5% year-on-year in the final quarter of 2025, while overall sales activity strengthened during the year. Recent interest rate reductions have further supported affordability and market sentiment, although recent global events will undoubtabley delay the anticipated further rate reductions this year, and may lead to increases.”
While demand remains strong, the report notes that housing supply continues to fall short of long-term requirements. However, Simon Brien said there are encouraging signs for the period ahead.
“The opening months of 2026 have had exceptionally strong trading activity in the Northern Ireland housing market, with buyer interest and engagement significantly outpacing the usual seasonal patterns. This surge in activity is primarily driven by the region’s highly competitive average house prices at £195,936, which continue to offer excellent value compared to the rest of the UK and remain accessible for first-time buyers. Demand remains robust across all sectors of the market, particularly at the upper end of the market, supported by returning residents and newcomers attracted by affordability, quality of life, excellent schooling and remote/hybrid working. Both new build and resale homes have seen heightened levels of interest in the first quarters of the year, highlighting the ongoing need for more stock to meet the growing demand.”
Looking forward, Simon Brien said the outlook for2026 housing market remains positive and balanced with steady growth.