The Halifax has reported that Northern Ireland house prices rose by 99% over the last decade (end 1999 to 2009).  That seems like very good news for homeowners who have owned their home for a while.  However, whilst house prices have started to show a slight increase across the rest of the UK in Northern Ireland prices were down 11.6%, Nov 08-Nov 09, and the reversion of stamp duty from £175K to £125K has so far seemingly had little effect.  It seems likely that the hiatus in the political process, the shadow of NAMA into Northern Ireland, and its stagnant economy is stifling recovery.  Given the prediction that the economy will be in the duldrums until the second half of 2010, it may be some months or longer before the market picks up the follows the UK market into slow recovery.

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