Menu
09/02/2017
Shortage Of Supply Remains A Challenge For Housing Market In NI
A shortage of supply of houses coming onto the market remains a challenge in Northern Ireland, according to a new survey.
The supply of new houses coming onto the market is falling, according to a survey carried out by the Royal Institute of Charted Surveyors (RICS) in association with Ulster Bank.
In January, the RICS predicted that house prices would rise by around 3% this year.
RICS residential property spokesperson, Samuel Dickey, said: "The Northern Ireland housing market appears to have begun 2017 much as it ended 2016, with prices edging upwards and reasonable demand evident.
"However, supply remains a challenge, with no sign of the number of properties coming onto the market picking up. Surveyors expect transaction activity to hold up in the short-term, but unless supply improves this won't be sustained.
"It remains to be seen if sellers are holding off until the spring months before marketing their properties."
Sean Murphy, Managing Director, Branch Banking at Ulster Bank, said: "The Northern Ireland housing market has entered 2017 with the anticipation of growth in both prices and transactions, and our own expectation at Ulster Bank is for strong mortgage demand, with the ongoing very low interest rate environment and peoples' desire to own their own home."
(CD/JP)
The supply of new houses coming onto the market is falling, according to a survey carried out by the Royal Institute of Charted Surveyors (RICS) in association with Ulster Bank.
In January, the RICS predicted that house prices would rise by around 3% this year.
RICS residential property spokesperson, Samuel Dickey, said: "The Northern Ireland housing market appears to have begun 2017 much as it ended 2016, with prices edging upwards and reasonable demand evident.
"However, supply remains a challenge, with no sign of the number of properties coming onto the market picking up. Surveyors expect transaction activity to hold up in the short-term, but unless supply improves this won't be sustained.
"It remains to be seen if sellers are holding off until the spring months before marketing their properties."
Sean Murphy, Managing Director, Branch Banking at Ulster Bank, said: "The Northern Ireland housing market has entered 2017 with the anticipation of growth in both prices and transactions, and our own expectation at Ulster Bank is for strong mortgage demand, with the ongoing very low interest rate environment and peoples' desire to own their own home."
(CD/JP)
Related Northern Ireland News Stories
Click here for the latest headlines.
10 April 2014
House Building 'Not Just About Bricks And Mortar'
Social Development Minister Nelson McCausland has stated that house building is not just about bricks and mortar, but about creating homes and communities. The Minister made the comments during his opening address at the Chartered Institute of Housing Northern Ireland (CIHNI) Annual Conference in Belfast.
House Building 'Not Just About Bricks And Mortar'
Social Development Minister Nelson McCausland has stated that house building is not just about bricks and mortar, but about creating homes and communities. The Minister made the comments during his opening address at the Chartered Institute of Housing Northern Ireland (CIHNI) Annual Conference in Belfast.
14 September 2017
NI Housing Market Remained 'Buoyant' In August - Survey
The housing market in Northern Ireland remained "buoyant" in August, according to a new survey. The Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey revealed NI recorded the strongest growth across the UK for house prices.
NI Housing Market Remained 'Buoyant' In August - Survey
The housing market in Northern Ireland remained "buoyant" in August, according to a new survey. The Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey revealed NI recorded the strongest growth across the UK for house prices.
06 August 2015
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
15 September 2011
Unemployment To Blame For Falling House Prices
High unemployment and budget cuts are being blamed for the falling house prices in Northern Ireland, according to a survey by the Royal Institution of Chartered Surveyors. The report by RICS and Ulster Bank also found that transaction volumes remained static in August.
Unemployment To Blame For Falling House Prices
High unemployment and budget cuts are being blamed for the falling house prices in Northern Ireland, according to a survey by the Royal Institution of Chartered Surveyors. The report by RICS and Ulster Bank also found that transaction volumes remained static in August.
25 November 2024
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
-
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.
