Belfast · report
Past price cycles in Belfast
Sale prices have fallen by 3% or more once since 2005. That fall began in Q3 2007.
- Deepest fall
- −58.9%
- Recovery from the low
- Not yet
Prices in Belfast and the UK, indexed
Average sale prices, both set to 100 in Q1 2005.
- Belfast
- 100 = Q1 2005
Show the numbers
| Period | Belfast |
|---|---|
| Q2 2026 | 185.8 |
| Q1 2026 | 182.4 |
| Q4 2025 | 179.8 |
| Q3 2025 | 178.7 |
| Q2 2025 | 172.5 |
| Q1 2025 | 171.0 |
| Q4 2024 | 170.2 |
| Q3 2024 | 168.2 |
| Q2 2024 | 159.3 |
| Q1 2024 | 155.8 |
| Q4 2023 | 154.1 |
| Q3 2023 | 157.4 |
| Q2 2023 | 149.8 |
| Q1 2023 | 150.2 |
| Q4 2022 | 152.6 |
| Q3 2022 | 155.2 |
| Q2 2022 | 148.2 |
| Q1 2022 | 144.7 |
| Q4 2021 | 140.4 |
| Q3 2021 | 142.6 |
| Q2 2021 | 138.8 |
| Q1 2021 | 135.5 |
| Q4 2020 | 133.7 |
| Q3 2020 | 129.9 |
| Q2 2020 | 128.5 |
| Q1 2020 | 127.3 |
| Q4 2019 | 125.3 |
| Q3 2019 | 126.7 |
| Q2 2019 | 123.2 |
| Q1 2019 | 122.1 |
| Q4 2018 | 124.7 |
| Q3 2018 | 122.2 |
| Q2 2018 | 118.8 |
| Q1 2018 | 116.6 |
| Q4 2017 | 115.6 |
| Q3 2017 | 116.2 |
| Q2 2017 | 113.8 |
| Q1 2017 | 111.0 |
| Q4 2016 | 112.9 |
| Q3 2016 | 112.6 |
| Q2 2016 | 113.0 |
| Q1 2016 | 105.2 |
| Q4 2015 | 107.1 |
| Q3 2015 | 106.9 |
| Q2 2015 | 102.7 |
| Q1 2015 | 100.2 |
| Q4 2014 | 99.6 |
| Q3 2014 | 98.0 |
| Q2 2014 | 95.6 |
| Q1 2014 | 91.2 |
| Q4 2013 | 90.6 |
| Q3 2013 | 88.9 |
| Q2 2013 | 85.9 |
| Q1 2013 | 83.3 |
| Q4 2012 | 85.7 |
| Q3 2012 | 88.9 |
| Q2 2012 | 90.3 |
| Q1 2012 | 88.7 |
| Q4 2011 | 97.3 |
| Q3 2011 | 100.5 |
| Q2 2011 | 101.7 |
| Q1 2011 | 101.4 |
| Q4 2010 | 107.4 |
| Q3 2010 | 116.3 |
| Q2 2010 | 120.2 |
| Q1 2010 | 121.8 |
| Q4 2009 | 127.6 |
| Q3 2009 | 129.6 |
| Q2 2009 | 127.2 |
| Q1 2009 | 120.9 |
| Q4 2008 | 127.5 |
| Q3 2008 | 149.5 |
| Q2 2008 | 159.6 |
| Q1 2008 | 168.2 |
| Q4 2007 | 185.9 |
| Q3 2007 | 202.5 |
| Q2 2007 | 193.6 |
| Q1 2007 | 176.7 |
| Q4 2006 | 162.0 |
| Q3 2006 | 143.3 |
| Q2 2006 | 127.3 |
| Q1 2006 | 112.5 |
| Q4 2005 | 110.9 |
| Q3 2005 | 109.8 |
| Q2 2005 | 100.8 |
| Q1 2005 | 100.0 |
Every fall of 3% or more
From the peak to the lowest month after it, and how long prices took to get back.
| Peak | Low | Fall | Months falling | Months to recover |
|---|---|---|---|---|
| Q3 2007 | Q1 2013 | −58.9% | 66 | Not yet |
The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.
Other reports for Belfast
Figures for Northern Ireland: Belfast has no reliable figures of its own.
At the average sale price, a home costs £184,768. With 10% down and a 30-year mortgage, the payment is £852 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.
- Payment, two incomes
- 14%
- Payment, one income
- 28%
Figures for United Kingdom: Belfast has no reliable figures of its own.
Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.
- Rent per month
- £1,406
- Owning per month
- £1,286
9.6% fewer homes were started in the last 12 months than in an average year of the past decade.
- Started, 12 months
- 629
- Per 1,000 residents
- 1.8
Figures for United Kingdom: Belfast has no reliable figures of its own.
Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.
- Bought by buyers abroad, 12 months
- 1.8%
In 2025 the population fell by 649 while 553 homes were finished.
- Homes finished, 2025
- 553
- Population change, 2025
- −649
6.8% of the 160,154 homes counted in the 2021 census had nobody usually living in them.
- Empty, 2021 census
- 6.8%
- Empty homes
- 10,946