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A South Down property agent has said that the Carlingford Lough area is fast becoming the north's new 'Gold Coast' with a house reaching nearly £3m. The average house price in Newry, Mourne and Down District Council area is £171,064 according to the latest NI House Price Index statistics for the fourth quarter of 2021. That compares to an average of £159,151 throughout the north.
Commenting on the latest NI House Price Index, Garrett O’Hare, Managing Director of Bradley NI, said: “2021 was an exceptional year for the South Down property market, with our highest house prices reaching close to £3m and a seafront site in Warrenpoint selling for just under £1m. The Carlingford Lough area has long been a hidden gem with its location between Belfast and Dublin, its scenery, and the quality of its properties, including many large, detached homes. But it is now fast becoming Northern Ireland’s new Gold Coast, attracting buyers from elsewhere in NI as well as many buyers from other parts of the UK, Ireland and beyond.
"It is still, relatively speaking, one of the cheapest property markets in the whole of these islands, so buyers from elsewhere are finding that their money stretches much further, allowing them to acquire a seafront mansion in Rostrevor for example for the price of a 3-bed semi-detached home in London. And, when they get here, they realise the location is second to none, with both of the island’s capital cities and international transport hubs just an hour away.”
