According to a report compiled by the University of Ulster, house prices in Northern Ireland have risen by close to 10% during the last year.

Northern Irelands average property price for the third quarter now stands at £124,150, which is up from £112,806 in the previous quarter. The highest average house price in Northern Ireland was recorded in South Belfast at £153,716.

Bank of Ireland economist Alan Bridle said: "We remain confident that Northern Ireland house price will continue on a positive trend but perhaps in a more balanced market, where buyers are a little bit more realistic in their expectations."