{"id":359535,"date":"2025-08-20T13:38:29","date_gmt":"2025-08-20T13:38:29","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/359535\/"},"modified":"2025-08-20T13:38:29","modified_gmt":"2025-08-20T13:38:29","slug":"three-homes-sold-in-northern-ireland-for-2m-last-year-the-irish-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/359535\/","title":{"rendered":"Three homes sold in Northern Ireland for \u00a32m last year \u2013 The Irish News"},"content":{"rendered":"

Just three houses changed hands for at least \u00a32 million in Northern Ireland last year. <\/p>\n

Official market data compiled by Land & Property Services (LPS) and the north\u2019s statistics body Nisra, show ten homes were sold last year for in excess of \u00a31m.<\/p>\n

It comes amid reports that UK Chancellor Rachel Reeves is considering a tax for the most expensive homes.<\/p>\n

According to The Times, one proposal would remove the capital gains tax exemption on primary residences above \u00a31.5m.<\/p>\n

\"One<\/a>\"One<\/a><\/p>\n

Homeowners selling a property above that valuation would be subject to a capital gains tax at 18% for basic-rate taxpayers and 24% for higher taxpayers.<\/p>\n<\/p>\n

But just three properties were actually sold above that threshold in the north last year, according to figures published as part of the latest Northern Ireland House Price Index<\/a>.<\/p>\n

They were located in Cultra and Killinchy in north Down, with the third sold in the Belmont area of Belfast.<\/p>\n

According to PropertyPal<\/a>, there are around three dozen homes currently on the market<\/a>, or at the \u2018sale agreed\u2019 stage, listed above \u00a31.5m in Northern Ireland.<\/p>\n

One of those to recently reach \u2018sale agreed\u2019 is a five-bedroom house on Clanbrassil Road, Cultra, which had been listed for \u00a33m. <\/p>\n

Nine of the million pound plus homes bought in the north during 2024 were located in either Belfast or north Down, with the tenth located in Saintfield.<\/p>\n

\"AverageAverage house price by district in the second quarter of 2025. <\/p>\n

The latest data release for the housing market, revealed the average price of a home in the north stood at \u00a3185,108 in the second quarter (Q2) of 2025, an annual increase of 5.5%.<\/p>\n

New build dwellings averaged at \u00a3243,127 in Q2 2025, a 0.8% increase over the quarter and 3.6% up over the year.<\/p>\n

The price of existing properties averaged \u00a3179,485, up 5.8% year-on-year.<\/p>\n

The average detached home sold for \u00a3288,651 in Q2, up 4.9% over the year, while semi-detached homes rose 5.8% in the past 12 months to \u00a3185,397.<\/p>\n

Terrace homes were up 6% year-on-year to \u00a3132,370, just behind apartments, which averaged \u00a3138,319, an annual rise of 4.8%.<\/p>\n

Despite prices being up over the year, house price inflation appeared to ease in five of the north\u2019s 11 districts last quarter, with the average price falling in Newry, Mourne & Down (-1.3%); Causeway Coast & Glens (-1.1%); Lisburn & Castlereagh (0.6%); Antrim & Newtownabbey (-0.7%); and Mid & East Antrim (-0.6%) since the start of the year.<\/p>\n

Mid Ulster (+4.7%) and Fermanagh & Omagh (+3.3%) registered the sharpest increase between the first and second quarters.<\/p>\n

The strongest annual price growth was recorded in Mid Ulster (+8%), just ahead of Belfast (+8%) and Derry City & Strabane (+7.6%).<\/p>\n

Mid & East Antrim remained the most affordable place to buy (\u00a3164,339), while Lisburn & Castlereagh was the most expensive (\u00a3219,097).<\/p>\n

Meanwhile, worked started on more than 2,000 new homes in the north during Q2 2025.<\/p>\n

It marked the busiest quarter for new home starts since early 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"Just three houses changed hands for at least \u00a32 million in Northern Ireland last year. Official market data…\n","protected":false},"author":2,"featured_media":359536,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5011],"tags":[1269,40990,6791,1144,40991,16,15],"class_list":{"0":"post-359535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-northern-ireland","8":"tag-house-prices","9":"tag-house-price-index","10":"tag-housing-market","11":"tag-northern-ireland","12":"tag-propertypal","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115061372166198194","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=359535"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/359535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/359536"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=359535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=359535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=359535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}