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Would you believe it's in Northern Ireland?

The average cost of a home rose 37 percent last year to 195,751 pounds ($383,183), according to the University of Ulster. That's at least 5 percent more than the U.K. national average and nine times the gross local average salary. Only London and southern England are more expensive.

House prices in Northern Ireland have quadrupled since 1994 after tracking consumer prices during the previous decade, said Alistair Adair, a professor at the University of Ulster.

Posted by edelfenbein at April 11, 2007 10:22 AM