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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:A fine dry days weather with sunshine quite widespread, particularly from mid-morning. Temperatures best across southern districts. North to northwesy breezes occasionally freshening around the coasts. Maximum temperature 15 °C.Tonight:Most dry with good clear spells bringing a rural frost in the south for some. Cloudier around northern coasts where the odd light shower may develop. Northerly breezes persisting. Minimum temperature 0 °C.
