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09/08/2018
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.
NI house prices have also continued to move upwards according to respondents, with a net balance of +60% of surveyors saying that they had seen a rise in the past three months.
Northern Ireland surveyors also remain positive about the outlook for prices in the coming months with a net balance of 36% saying they expect a rise in the next quarter and a net balance of 77% saying they expect house prices to be higher this time next year.
Samuel Dickey, RICS Residential Property Spokesman said: "Unlike in other parts of the UK, surveyors in Northern Ireland are seeing prices rising and are remain confident about the outlook. With houses in Northern Ireland more affordable than elsewhere, people continue to want to buy their own home. The main challenge though is that there are not enough properties to meet the demand."
(CD/MH)
This is in contrast to other regions, particularly London, where sales expectations are in negative territory regarding the next 12 months.
NI house prices have also continued to move upwards according to respondents, with a net balance of +60% of surveyors saying that they had seen a rise in the past three months.
Northern Ireland surveyors also remain positive about the outlook for prices in the coming months with a net balance of 36% saying they expect a rise in the next quarter and a net balance of 77% saying they expect house prices to be higher this time next year.
Samuel Dickey, RICS Residential Property Spokesman said: "Unlike in other parts of the UK, surveyors in Northern Ireland are seeing prices rising and are remain confident about the outlook. With houses in Northern Ireland more affordable than elsewhere, people continue to want to buy their own home. The main challenge though is that there are not enough properties to meet the demand."
(CD/MH)
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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.
