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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)
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
