Monthly Market Snapshot: February 2025

Introducing the February 2025 edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the Northern Ireland housing market. This report offers a thorough analysis of market performance, providing essential insights for buyers, sellers, and industry professionals.

The figures above compare February 2025 with February 2024.

Jordan Buchanan, Chief Executive Officer at PropertyPal commented on the housing market:

The housing market has started 2025 on a stable footing, with approximately 2,200 newly agreed sales, aligning with long-term average levels. Despite subdued economic growth, unemployment remains low, and wage growth continues to outpace inflation, providing underlying support for housing demand.

Looking ahead, borrowing costs are expected to ease further, with markets anticipating at least two more interest rate cuts this year. As affordability pressures gradually ease, this should help sustain buyer confidence in the months ahead. 

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