House prices in Derry and Strabane remain among the lowest in the North.
The average price of a house in Derry and Strabane stands at £89,770 according to the latest University of Ulster Quarterly House Price Index for the first quarter of
2013.
The report’s authors - Professor Alastair Adair, Professor Stanley McGreal, Dr David McIlhatton and Dr John McCord - said: “The first quarter survey provides further support to the argument that the housing market is showing tentative signs of recovery, with the volume of transactions up again this quarter and with a weighted rate of increase of 1.9% in the aggregate market compared to the same quarter in 2012.
“However, it is also apparent that the first three months of the year were difficult in many segments of the housing market because of factors such as the weather.”
North Down has the north’s highest prices at £183,292.
In August 2007, the same index recorded an average house cost of £189,515 in Derry/Strabane.
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