Menu
12/02/2013
NI House Prices Continue To Fall
Northern Ireland house prices continue to fall despite an increase in transactions, according to a new report.
The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
While estate agents have reported increased property transactions, the final quarter of 2012 and the New Year period confirmed yet another slump in the already ailing market.
62% said transactions had increased, but while 54% expect them to continue rising over the next quarter, January's balance remains negative at -29.
RICS Northern Ireland housing spokesman Tom McClelland said: "We will see some seasonal adjustments in the market, but on the whole the overall pattern will remain largely the same for the foreseeable future due to the challenging micro and macroeconomic conditions.
"Average prices will likely edge lower, with transaction volumes likely to rise modestly. However, it is not a uniform picture and some areas and property types will have different experiences."
(IT/GK)
The survey by the Royal Institute of Chartered Surveyers (RICS) and Ulster Bank revealed the overall pattern of declination was likely to remain for the foreseeable future.
While estate agents have reported increased property transactions, the final quarter of 2012 and the New Year period confirmed yet another slump in the already ailing market.
62% said transactions had increased, but while 54% expect them to continue rising over the next quarter, January's balance remains negative at -29.
RICS Northern Ireland housing spokesman Tom McClelland said: "We will see some seasonal adjustments in the market, but on the whole the overall pattern will remain largely the same for the foreseeable future due to the challenging micro and macroeconomic conditions.
"Average prices will likely edge lower, with transaction volumes likely to rise modestly. However, it is not a uniform picture and some areas and property types will have different experiences."
(IT/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
20 November 2024
Parents And Guardians Urged To Share Childcare Experiences
Parents and guardians across Northern Ireland are being encouraged to participate in a new survey to share their experiences of childcare. The survey, commissioned by the Department of Education, aims to gather valuable insights to inform future childcare policies.
Parents And Guardians Urged To Share Childcare Experiences
Parents and guardians across Northern Ireland are being encouraged to participate in a new survey to share their experiences of childcare. The survey, commissioned by the Department of Education, aims to gather valuable insights to inform future childcare policies.
19 November 2024
World AMR Awareness Week: Call To Preserve Antibiotics
In light of World AMR Awareness Week (18-24 November), local residents are being reminded of the critical importance of preserving the effectiveness of antibiotics. Antimicrobial resistance (AMR) is a growing concern, as bacteria are becoming increasingly resistant to the antibiotics designed to combat them.
World AMR Awareness Week: Call To Preserve Antibiotics
In light of World AMR Awareness Week (18-24 November), local residents are being reminded of the critical importance of preserving the effectiveness of antibiotics. Antimicrobial resistance (AMR) is a growing concern, as bacteria are becoming increasingly resistant to the antibiotics designed to combat them.
09 November 2023
NI House Prices Continue To Rise
NI house prices are continuing to rise, according to a latest market survey. The Royal Institution of Chartered Surveyors (RICS) said 23% of respondents noted an increase in prices in October.
NI House Prices Continue To Rise
NI house prices are continuing to rise, according to a latest market survey. The Royal Institution of Chartered Surveyors (RICS) said 23% of respondents noted an increase in prices in October.
12 October 2011
NI House Prices Continue To Fall
According to a recent survey the Northern Ireland housing market has seen a slight improvement in September but it also suggested that house prices are continuing to fall.
NI House Prices Continue To Fall
According to a recent survey the Northern Ireland housing market has seen a slight improvement in September but it also suggested that house prices are continuing to fall.
20 February 2013
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
