Menu
09/07/2015
NI House Prices Rising At 'One Of The Fastest Rates In The UK'
NI house prices are being pushed higher because of a limited supply of properties, according to the latest RICS and Ulster Bank Residential Market Survey.
House prices in NI are rising at one of the fastest rates in the UK, as new buyers are coming into the market at a stronger rate than new properties become available to sell.
RICS Northern Ireland Residential Property Spokesman, Samuel Dickey, said: "Surveyors are telling us that demand remained strong in the local housing market in June, whilst supply remains restricted. Almost inevitably, this is creating upward pressure on prices.
"As always, we would anticipate a lull in activity during July, but respondents remain relatively optimistic about sales over the next three month period."
(CD/JP)
House prices in NI are rising at one of the fastest rates in the UK, as new buyers are coming into the market at a stronger rate than new properties become available to sell.
RICS Northern Ireland Residential Property Spokesman, Samuel Dickey, said: "Surveyors are telling us that demand remained strong in the local housing market in June, whilst supply remains restricted. Almost inevitably, this is creating upward pressure on prices.
"As always, we would anticipate a lull in activity during July, but respondents remain relatively optimistic about sales over the next three month period."
(CD/JP)
Related Northern Ireland News Stories
Click here for the latest headlines.
14 November 2024
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
09 August 2018
Housing Market Confidence Remains High
Confidence in Northern Ireland's housing market remains higher than elsewhere in the UK, according to the latest Royal Institute of Chartered Survors (RICS) and Ulster Bank Residential Market Survey. This is in contrast to other regions, particularly London, where sales expectations are in negative territory regarding the next 12 months.
Housing Market Confidence Remains High
Confidence in Northern Ireland's housing market remains higher than elsewhere in the UK, according to the latest Royal Institute of Chartered Survors (RICS) and Ulster Bank Residential Market Survey. This is in contrast to other regions, particularly London, where sales expectations are in negative territory regarding the next 12 months.
20 November 2024
DAERA Minister Confirms Commitment to Deposit Return Scheme
DAERA Minister Andrew Muir has reaffirmed his commitment to introducing a Deposit Return Scheme (DRS) in Northern Ireland. The DRS is designed to encourage recycling by offering a monetary incentive for returning single-use drinks containers. The scheme will cover PET plastic, steel, and aluminium containers ranging from 150ml to 3 litres.
DAERA Minister Confirms Commitment to Deposit Return Scheme
DAERA Minister Andrew Muir has reaffirmed his commitment to introducing a Deposit Return Scheme (DRS) in Northern Ireland. The DRS is designed to encourage recycling by offering a monetary incentive for returning single-use drinks containers. The scheme will cover PET plastic, steel, and aluminium containers ranging from 150ml to 3 litres.
19 February 2014
Property Prices Under Half Their Peak Value
The prices of residential property sold today in Northern Ireland are under half of their 2007 peak value, according to the latest figures from the Northern Ireland Statistics & Research Agency. The stats show a 54% fall in the value of properties since the peak in 2007.
Property Prices Under Half Their Peak Value
The prices of residential property sold today in Northern Ireland are under half of their 2007 peak value, according to the latest figures from the Northern Ireland Statistics & Research Agency. The stats show a 54% fall in the value of properties since the peak in 2007.
10 February 2011
Harsh Winter 'Moderates NI Rentals'
Anxiety over falling house prices, job security and obtaining an affordable mortgage continued to prop up rental values in Belfast in 2010. However, a new report also revealed today that after the hefty 7% jump in private rent prices recorded over the first nine months of 2010, prices fell by 4.
Harsh Winter 'Moderates NI Rentals'
Anxiety over falling house prices, job security and obtaining an affordable mortgage continued to prop up rental values in Belfast in 2010. However, a new report also revealed today that after the hefty 7% jump in private rent prices recorded over the first nine months of 2010, prices fell by 4.
-
Northern Ireland WeatherThis Evening and 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.
