Overview of Antrim and Newtownabbey’s housing market performance
The property market continues to recover in both prices and the number of homes being sold. House prices have grown for 6 consecutive years with typical homes in Antrim and Newtownabbey (A&N) experiencing similar rates of growth in prices compared to the wider N.Ireland economy.
During the period 2013-2016 house prices in A&N appreciated by 6% each year on average, reflecting the return of confidence in the housing market following a long period of price contraction in the aftermath of the credit crisis in 2007-08.
Over the last few years house prices have moderated to a more sustainable 3% annual growth and closer aligned to wages which has helped support affordability in the area.
To date, the median house price in A&N stands at approximately £128,000, the 5th most expensive council area across all of N.Ireland. Despite recent appreciation, house prices remain 33% below peak levels in 2007 when typical prices were over £190,000.
In total, house prices in A&N have increased in value by over £27,000 since low points in 2013, equivalent to 27% cumulative growth.
Last modified: 09/08/2021