Belfast Housing Market Update – Q2 2025: Prices Surge, Sales Stay Strong
Key Highlights for Belfast – Q2 2025
1. Property Prices Continue to Climb
The average property price in Belfast has now reached £216,098, marking a 7.8% annual increase compared to Q1 2025. This growth outpaces the UK average (2.9% according to Nationwide) and reflects Northern Ireland’s broader regional strength.
2. High Sales Volumes Across Key Areas
Demand remains particularly strong in sought-after areas such as Botanic, Titanic, Castlereagh, Ormiston, Lisnasharragh, and Balmoral. Across Northern Ireland, 7,100 properties reached “sale agreed” status, representing a 12% increase compared with Q2 2024 and 3% above pre-pandemic levels (2016–2019).
3. Homes Selling Faster Than Ever
The average time to secure a buyer has dropped to 38 days, down from 42 days in Q2 2024 – and well below the long-term average of 50 days. In Belfast’s most competitive areas, homes are likely selling even faster.
4. Buyer Demand Remains Strong
PropertyPal reported a 12% year-on-year increase in property searches, with enquiries per advertised property in Belfast up by 3%. This reinforces Belfast’s strong position as a seller’s market.
5. More Homes Coming to Market
Belfast continues to drive Northern Ireland’s supply, contributing significantly to the 7,069 new properties listed for sale across the region in Q2 2025.
What This Means for Belfast Home Sellers
If you’re thinking about selling, conditions are in your favour:
- Average prices are up 7.8% year-on-year
- Homes are selling faster than the long-term average
- Buyer demand remains strong, especially in popular postcodes like Botanic and Titanic
This means well-priced homes are likely to attract competitive offers quickly – often within weeks.
Market Outlook
Despite some wider economic uncertainties, Belfast’s property market remains well-supported by local fundamentals. Plans by the Financial Conduct Authority to ease lending restrictions, combined with potential interest rate cuts later in 2025, are expected to boost affordability and keep buyers active.
If you’re considering selling your property in Belfast, now is an excellent time to take advantage of these favourable conditions.
Read more on PropertyPal.com
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