Northern Ireland

NI house prices drop for first time in three years

Property for sale
Image caption Prices are still up 6% on this time last year

Official government figures show Northern Ireland property prices have fallen by 1% - the first dip in three years.

According to the Department of Finance, the standard property price in Northern Ireland now stands at £117,500.

The last time prices fell was in 2013, but prices are still 6% up on this time last year.

The lowest prices remain in Derry and Strabane (£100,000), with the highest in Lisburn and Castleragh (£140,700).

As recently as February, the department was reporting a steady recovery in the market.

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