Why Now is a Great Time to Sell in Northern Ireland 🏡

1. Northern Ireland Leading UK in Price Growth

According to the Office for National Statistics, Northern Ireland recorded the fastest house-price growth across the UK in April 2025, with prices rising nearly 9.5% year‑on‑year.

Halifax data from early June shows prices accelerating at +8.6% annually, with average property values now over £209,000.

2. Robust Activity Driven by Buyer Demand

May 2025 saw 2,366 home sales—4% more than a year ago—with average agreement times just 38 days thanks to high buyer appetite.

In January, properties reached sale-agreed status 7 days faster than last year (58 vs 65 days), demonstrating sustained momentum .

3. PropertyPal Q1 2025 Report: Strong Underlying Demand

From PropertyPal’s Q1 review:

6,180 sales agreed, up 2.6% year-on-year.

Average prices around £226,000, an 8% annual rise.

Homes reaching sale agreed in 47 days—over two weeks quicker than normal.

Buyer enquiries per listing rose 15%.
(propertypal.com)

4. RICS Survey: Surging Seller Confidence

RICS April/May reports that a staggering 84% of Northern Ireland surveyors expect prices to continue rising in the next quarter—the highest optimism since 2006.

Meanwhile, 67% expect sales volumes to increase—a figure not seen in over a decade .

5. Falling Mortgage Rates Could Broaden Buyer Pool

The Bank of England has trimmed the base rate to 4.25% as of May 2025—its fifth reduction since August 2024—leading to lower mortgage costs. 

Most RICS and PropertyPal analysts predict further rate cuts, enhancing affordability and drawing more buyers into the market .

6. Supply Constraints Amplify Seller Appeal

Northern Ireland continues to suffer from housing undersupply:

Rental stock rising only 1% year-on-year, rent up 8.5–9% annually (propertypal.com).

Developers cite issues like inadequate wastewater infrastructure limiting new build completions.

This shortage of homes sustains demand—and prices—for sellers.

🔑 The Takeaway

With multiple factors converging—robust price growth, swift sales, rising buyer enquiries, investor and seller confidence, easing interest rates, and tight supply—Northern Ireland’s housing market is firing on all cylinders.

For sellers:

You're positioned to benefit from premium prices due to competition.

Fast transaction times reduce market exposure and financial stress.

Buyer pool is widening, with improved mortgage terms and strong demand.

Positive sentiment from industry experts means tailwinds, not headwinds, going into summer.

With record-high growth, market confidence not seen since 2006, and shifting macroeconomic conditions favouring buyers, today offers one of the strongest selling environments in Northern Ireland in years.

If you're considering selling, it's time to seize the market momentum—before things change.

Need help crafting a seller’s strategy or finding a top estate agent? We will be happy to assist!

Sources: RICS surveys, ONS, Halifax, PropertyPal Q4–Q1/25 reports.