u/databaituk — reddlx

Hi all,

I run a house price / forecsating blog. According to the latest ONS data, Newry Mourne and Down has the highest house price increase of any local authority in the UK over the last 12 months at +11.6%, well ahead of the rest of the country.

Northern Ireland as a region is also leading nationally, but Newry specifically is at the very top of the table.

I'd be really interested to hear from locals, what's driving this? Is it people moving from Belfast? Cross-border demand from the Republic given the currency and price differences? Something changing locally with new developments or employers?

Happy to answer any questions about the underlying data in the comments.

https://preview.redd.it/n8coycswxpyg1.png?width=2400&format=png&auto=webp&s=339c3a8e63c917db8ca3b1ddf71d019261e20420

Regional 12-month growth:

Northern Ireland: +6.3% 🟢
North East: +3.6% 🟢
North West: +3.4% 🟢
Wales: +2.6%
Scotland: +2.3%
East Midlands: +1.2%
West Midlands: +1.6%
South West: -0.6% 🔴
South East: -0.9% 🔴
London: -3.3% 🔴

At local authority level it's even more extreme:

Top 5 growers: Newry Mourne & Down (+11.6%), St Helens (+8.5%), Pendle (+8.4%), Wirral (+8.0%), Halton (+7.6%)

Bottom 5: Tower Hamlets (-11.3%), Newham (-9.2%), Camden (-8.5%), South Hams (-7.9%), Hammersmith & Fulham (-7.0%)

Curious what people are seeing on the ground, particularly anyone in the Northern Ireland, North West or London markets. Are these numbers matching what you're experiencing?

Link to a nice graph I made