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House Price Index for Quarter 1 2013 - Northern Ireland Housing ...

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8<br />

<strong>Northern</strong> <strong>Ireland</strong> <strong>Quarter</strong>ly <strong>House</strong> <strong>Price</strong> <strong>Index</strong><br />

The <strong>House</strong> <strong>Price</strong> <strong>Index</strong><br />

The long-term house price index is<br />

calculated relative to price levels <strong>for</strong><br />

each property type at the base quarter<br />

<strong>for</strong> the survey, the final quarter<br />

of 1984. The overall index at<br />

487.09 is lower <strong>for</strong> this survey.<br />

The pattern of the house price index since 2009 is<br />

one of uneven per<strong>for</strong>mance supporting opinion that<br />

recovery in the <strong>Northern</strong> <strong>Ireland</strong> housing market<br />

is likely to be highly variable. The current survey<br />

underlines this contention with rising prices over<br />

the year but lower prices over the quarter.<br />

index value<br />

1000<br />

800<br />

600<br />

400<br />

200<br />

0<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

year<br />

<strong>2013</strong><br />

Retail <strong>Price</strong> <strong>Index</strong><br />

NI <strong>House</strong> <strong>Price</strong> <strong>Index</strong>

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