# Northern Ireland housing market update: Q3 2025

Posted 17/11/2025 by [Reeds Rains ](/blog/authors/marketing-team)

The Northern Ireland housing market has once again shown impressive resilience and steady growth, according to PropertyPal’s latest Housing Market Update for Q3 2025.

   ![Person putting together two jogsaw pieces](https://www.reedsrains.co.uk/uploads/blog_post/12_1217_s.jpg?v=57705) The Northern Ireland housing market has once again shown impressive resilience and steady growth, according to PropertyPal’s latest Housing Market Update for Q3 2025. Despite broader economic uncertainty and elevated interest rates, both the sales and rental markets have performed robustly, a sign of continued confidence and demand across the region.

## Sales market overview

In Q3 2025, the average property price in Northern Ireland (excluding new builds) reached **£232,527**, reflecting **7% annual growth** and a **0.8% quarterly increase**. Houses averaged **£239,405**, while apartments came in at **£166,755,** with apartments leading the way in annual growth at **8.7%**, compared to **6.9%** for houses.

## Sales activity

- **7,000 newly agreed sales** were recorded in Q3 2025, up **5% year-on-year** and **8% above** the long-term average (2016–2019).
- The **average time to find a buyer** dropped to **45 days**, around two weeks faster than the long-term norm.

### Regional price trends
 

   Region Average Price Annual Growth Quarterly Growth     Causeway Coast & Glens  £254,926 7.5% 1.9%   Mid & East Antrim £199,168 5.3% 1.3%   Belfast £215,957 1.9% -0.5%   Ards & North Down £286,767 7.5% 1.2%  Belfast remains the **most active sales region**, accounting for **22% of all advertised sales properties**, followed by **Ards & North Down (13%)** and **Lisburn & Castlereagh (10%)**.

## Rental market overview

Northern Ireland’s rental market continues to strengthen, fuelled by sustained tenant demand and limited housing supply. The **average rent** across all property types now stands at **£987 per month**, an increase of **6.1% year-on-year** and **1.1% quarterly**.

## Rental trends

- **Houses:** £991 per month (+4.6% annually, +0.8% quarterly)
- **Apartments:** £979 per month (+8.5% annually, +1.3% quarterly)

### Rents by region
 

   Region  Average Rent   Annual Growth   Quarterly Growth      Belfast £1,153 6.0% 0.9%   Causeway Coast & Glens  £803 6.1% 1.1%   Ards & North Down £983 6.6% 0.9%  Tenant demand remains elevated, with an average of **73 enquiries per listed property** in Q3 2025, a decrease from 103 enquiries in Q3 2023, signalling a gradual **stabilisation of demand**.

## Market challenges and outlook

According to **Jordan Buchanan, CEO of PropertyPal**, the Northern Ireland housing market has maintained its strength due to **low unemployment**, **healthy household finances**, and **recent wage growth**. However, the **upcoming UK Budget** and potential **tax changes** could introduce new challenges for the months ahead.

In the rental sector, the market continues to struggle with limited supply, as **10% of previously rented properties** have shifted to the sales market amid landlord exits. Tackling **housing supply barriers** will be essential for maintaining long-term balance and affordability.

## Key takeaways

- **Sales growth:** Northern Ireland leads the UK in annual price growth.
- **Rental resilience:** Rents continue to climb amid sustained tenant demand and low stock.
- **Economic stability:** Low unemployment and wage growth underpin market strength.
- **Future watch:** Policy changes and housing supply constraints could shape the market in 2026.

As the Northern Ireland housing market evolves, it continues to offer opportunities for **buyers, sellers, landlords, and tenants alike**.

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[Reeds Rains ](/blog/authors/marketing-team)

The Reeds Rains Content Marketing Team