Menu
09/11/2023
NI House Prices Continue To Rise
NI house prices are continuing to rise, according to a latest market survey.
The Royal Institution of Chartered Surveyors (RICS) said 23% of respondents noted an increase in prices in October.
Samuel Dickey from RICS said: "On the whole, the Northern Ireland housing market remains in a stronger position than other parts of the UK with prices increasing and sales continuing to take place.
"While respondents are reporting an easing back in new buyer enquiries, this is not unexpected given interest rate rises and the time of year.
"Respondents are more positive about the sales market over the next 12 months.
"Looking at the rental market, we’re continuing to see an imbalance of supply and demand, with not enough stock to meet the needs of the market which is driving up pricing.
"Anecdotally, we’re also seeing some landlords selling properties, which is applying further pressure to the market."
The Royal Institution of Chartered Surveyors (RICS) said 23% of respondents noted an increase in prices in October.
Samuel Dickey from RICS said: "On the whole, the Northern Ireland housing market remains in a stronger position than other parts of the UK with prices increasing and sales continuing to take place.
"While respondents are reporting an easing back in new buyer enquiries, this is not unexpected given interest rate rises and the time of year.
"Respondents are more positive about the sales market over the next 12 months.
"Looking at the rental market, we’re continuing to see an imbalance of supply and demand, with not enough stock to meet the needs of the market which is driving up pricing.
"Anecdotally, we’re also seeing some landlords selling properties, which is applying further pressure to the market."
Related Northern Ireland News Stories
Click here for the latest headlines.
15 July 2024
Henderson Group Reports Turnover Of Over £1.3bn In 2023
Supplier and retailer Henderson Group has posted a turnover of £1.338 billion for 2023. The figure represents a rise of 8.
Henderson Group Reports Turnover Of Over £1.3bn In 2023
Supplier and retailer Henderson Group has posted a turnover of £1.338 billion for 2023. The figure represents a rise of 8.
28 June 2024
Health Minister Pays Tribute To South Armagh Family-Run GP Surgery
Health Minister, Mike Nesbitt, has praised a family-run GP surgery for its commitment to the rural community in South Armagh. Brother and sister, Drs' Kevin and Brid Allen, have been partners in Crossmaglen's Rathkeeland House Surgery for the past eight years.
Health Minister Pays Tribute To South Armagh Family-Run GP Surgery
Health Minister, Mike Nesbitt, has praised a family-run GP surgery for its commitment to the rural community in South Armagh. Brother and sister, Drs' Kevin and Brid Allen, have been partners in Crossmaglen's Rathkeeland House Surgery for the past eight years.
30 July 2024
Significant Transformation For NI's Veteran Welfare Services
The UK Government has announced a significant transformation of Northern Ireland's Veterans Welfare Services, regardless of their service background. In recent years, veterans' services in Northern Ireland have undergone a significant transformation.
Significant Transformation For NI's Veteran Welfare Services
The UK Government has announced a significant transformation of Northern Ireland's Veterans Welfare Services, regardless of their service background. In recent years, veterans' services in Northern Ireland have undergone a significant transformation.
05 September 2024
Invest NI Opens New 'Strategic Meeting Place' In Dublin
A new Invest Northern Ireland Hub and event space has been opened in Dublin by Economy Minister, Conor Murphy. Described as a 'strategic meeting space for Northern Ireland companies and stakeholders', businesses can use the Hub to meet with clients, develop new trading partnerships and explore the southern market.
Invest NI Opens New 'Strategic Meeting Place' In Dublin
A new Invest Northern Ireland Hub and event space has been opened in Dublin by Economy Minister, Conor Murphy. Described as a 'strategic meeting space for Northern Ireland companies and stakeholders', businesses can use the Hub to meet with clients, develop new trading partnerships and explore the southern market.
23 September 2024
How Are Businesses In NI Applying More Sustainable Practices?
Businesses across Northern Ireland are working hard to become more sustainable. One of the biggest ways that companies are doing this is by developing a net zero strategy. Even small businesses are being ambitious with their targets and goals across all levels of their organisation in an attempt to make a positive difference.
How Are Businesses In NI Applying More Sustainable Practices?
Businesses across Northern Ireland are working hard to become more sustainable. One of the biggest ways that companies are doing this is by developing a net zero strategy. Even small businesses are being ambitious with their targets and goals across all levels of their organisation in an attempt to make a positive difference.
-
Northern Ireland WeatherToday:Fresh to strong north to northwest winds will continue to feed showers across the Province, isolated and light at first, building for the afternoon and always more frequent to the north and west of Lough Neagh. Maximum temperature 13 °C.Tonight:West to northwest winds continuing the mix of clear spells and showers through the evening and night with outbreaks focused over northern and western most districts. Minimum temperature 3 °C.
