Northern Ireland average house price 'up 7 per cent'

House prices in Northern Ireland continue to increase, according to the latest official figures.

The standardised average price of a home in the region is almost £117,000 - that is 7% higher than a year ago.

Figures issued through the Department of Finance show all areas of Northern Ireland, except mid-Ulster, saw a rise in the latest quarter (July - Sept).

Between 2005 and 2007, Northern Ireland house prices doubled before collapsing, reaching a low point in early 2013.

However, the market has been in recovery mode since then. Prices are still about 40% below what they were before the crash.