House prices in Northern Ireland from March to June were 9% higher than the same time last year.
Causeway Coast and Glens was the area which saw the biggest annual rise in prices, up almost 17%.
"You think the economy is improving but there is an element of people who just can't afford to get on the property ladder and those people need to be looked after and looked after with accommodation they can afford."We still have so many thousands on the waiting list for social housing, the rents are going up as well in the private rental sector and people may need to move into cheaper, sub-standard housing as a result.
Prof Gray said people moving home from other UK cities with higher wages could price out local buyers. "A semi-detached house in Bangor that went on the market this week got an offer £10,000 above the asking price overnight - and 16 viewers were already lined up, she said.
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