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16/04/2015
NI Outperforms Rest Of UK Housing Market
Northern Ireland continues to outperform the rest of the UK with the strongest house price growth in March, according to the latest RICS UK Residential Market Survey.
However, across much of the rest of the UK, particularly in Wales and Scotland, price gains over the next three months are expected to be much more moderate.
RICS Northern Ireland spokesman, Samuel Dickey, said: "With new buyer enquiries continuing to rise at a faster rate than new vendor instructions, this is creating upward pressure on prices. Indeed, the gap between demand and supply appears to be widening as more potential buyers have been coming into the market after Christmas.
"However, this will likely rebalance at least to some extent as we move into the spring, when more properties tend to come onto the market. This should also lead to an increase in transactions."
(CD/JP)
However, across much of the rest of the UK, particularly in Wales and Scotland, price gains over the next three months are expected to be much more moderate.
RICS Northern Ireland spokesman, Samuel Dickey, said: "With new buyer enquiries continuing to rise at a faster rate than new vendor instructions, this is creating upward pressure on prices. Indeed, the gap between demand and supply appears to be widening as more potential buyers have been coming into the market after Christmas.
"However, this will likely rebalance at least to some extent as we move into the spring, when more properties tend to come onto the market. This should also lead to an increase in transactions."
(CD/JP)
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
