There are signs that the residential property market in Northern Ireland may be on the decline, with figures released this week showing a 1.8% decrease in average house prices across the region.
The Northern Ireland Statistics and Research Agency released the figures for each council area this week, with the average house price in the Derry and Strabane area now £148,548
That represented a quarterly fall of 3.4%, although that figure remains 1.8% higher than this time last year.
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We have decided to give you an idea of what type of house that you can get for that average house price in May 2023.
Situated in the Waterside area of the city, this three bedroom semi-detached house is on the market for £147,500.
Estate agents John V Arthur say it is an ideal home for a first time buyer: "We are pleased to offer for sale this three bedroomed semi-detached home which is an ideal property for the first-time buyer being located in a pleasant cul-de-sac in this convenient and well established residential area at Brigade Road off Rossdowney Road in the Lisnagelvin area of the Waterside."
The full listing for this home can be viewed here.
Ideally located in the heart of the city, this apartment has picturesque views over the Foyle and would make an ideal home or holiday let.
It's on the market for just under the average house price in the city at £145,000.
You can view the full listing here.
On the other side of the council area, you can certainly get a bit more space for your money as this four bed semi detached will set you back around £152,000.
With gardens to the front and the back of the house, estate agents Ronan McAnenny say it's located in the popular Castletown Court area, and is an 'an ideal property for a potential first time buyer in a great location'.
You can view the full listing for this property here.
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