The average house price in the Derry and Strabane area is £106,664, according to new Ulster University research.
Ulster University’s Quarterly House Price Index Report is produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society.
It recorded a high volume of annual and quarterly house sales and also highlights an increase of 8.8 per cent in the average house price since the first quarter of 2016.
The university research suggests an affordable housing market in Northern Ireland despite the increase in average house price.
It reveals that the percentage of properties sold at or below £100,000 has dropped from 32 per cent to 26 per cent over the quarter.
This reflects the higher demand from first time buyers, which is driving up the average price of entry-level properties to over the £100,000 mark.
The university report highlights that in Derry/Strabane the overall average house price of £106,664 is slightly up on the previous quarter.
It outlines that terraced/townhouses at £73,379 and semi-detached houses at £113,060 have also increased.
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