Affordability in Northern Ireland

Solomon, A.

Affordability in Northern Ireland - 2004 - Housing Finance (64) Winter 2004, 31-40(10) .

Considers affordability in Northern Ireland, a region always assumed to be one of the most affordable regions in the UK. Examines a number of affordability measures and compares them across regions and nations of the UK. Identifies relative affordability in Northern Ireland and explores developments that may improve affordability by reducing supply and demand side pressures. Data suggests that Northern Ireland home-owners are showing few indications of affordability problems associated with repayment problems but there is growing evidence that Northern Ireland is now one of the least affordable places for people seeking to enter home-ownership. Charts cover house price indices, first-time buyer data, and affordability indices for Northern Ireland and the UK. References and endnotes.


NORTHERN IRELAND
AFFORDABILITY
HOME OWNERSHIP
SUPPLY AND DEMAND
HOUSE PRICE INDICES