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Northern Ireland Housing Crisis: Prices Soar, First-Time Buyers Struggle
Description
Northern Irelands housing market sees significant price increases, with the average home now costing £198,150, up 7.4% year-over-year. Despite a slight dip in transactions, only 9 properties sold for over £1 million, down from 21 in the previous quarter. Politicians and economists express concern over the affordability crisis, with global uncertainty and rising interest rates making homeownership increasingly unattainable for many. The focus is now on increasing housing supply and supporting first-time buyers to help them climb the property ladder.
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