Belfast Housing Market Sees Steady Growth in Q1 2025
As we step into the second quarter of 2025, the Belfast housing market is continuing its solid performance, building on momentum from the previous year. According to PropertyPal’s Q1 2025 Northern Ireland Housing Market Update, the city has demonstrated resilience and strength amid wider economic uncertainties.
Belfast Home Prices on the Rise
The average property price in Belfast now stands at £216,098, marking a 7.8% annual increase and 1.0% quarterly growth. This performance aligns closely with the overall Northern Ireland average of £225,986, suggesting that the capital city is holding its own in the wider regional market.
Sales Activity and Buyer Demand
Belfast recorded some of the highest volumes of agreed sales across Northern Ireland in Q1 2025. Popular local areas such as Botanic (182 sales), Titanic (175), Castlereagh (161), Ormiston (151), Lisnasharragh (135), and Balmoral (118) were among the top-performing postcodes.
Buyers are moving quickly
The average time to agree a sale across Northern Ireland dropped to 47 days, more than two weeks faster than the historic average. Belfast, given its strong demand, is likely benefiting even more from this increased pace.
Inventory Tightening but Demand Holds Strong
Despite a 12% drop in newly listed homes compared to Q1 2024, demand hasn’t cooled. Buyer enquiries per listing rose by 15% quarter-on-quarter, reinforcing Belfast’s status as a hot spot for home buyers.
What This Means for Sellers
If you’re considering selling in Belfast, this may be an opportune time. Strong annual price growth, faster sales, and intense buyer interest mean well-priced homes in desirable locations are likely to move quickly and fetch competitive offers.
Final Thoughts
While broader economic factors such as tax changes and global uncertainties loom, local fundamentals in Belfast remain robust. With interest rates expected to ease later this year and earnings continuing to outpace inflation, affordability could improve, further fuelling activity.
