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09/08/2017
Political Crisis And Brexit Uncertainty Blamed For Drop In House Prices
The current political crisis and the uncertainty over Brexit are being blamed for the drop in average house prices in Northern Ireland.
A report by the University of Ulster reveals "mixed messages" on the health of the housing market.
The Quarterly House Price Index report reveals an overall average house price of £148,499 this spring, down 3.7% over the year.
Professor Stanley McGreal, from Ulster University, said: "This latest survey has mixed messages regarding the health of the Northern Ireland housing market – transaction levels are high, suggesting a strong market in the second quarter of 2017.
"However, this optimism is not reflected in average prices which are generally more subdued."
The report was produced in partnership with the Northern Ireland Housing Executive (NIHE).
(CD/JP)
A report by the University of Ulster reveals "mixed messages" on the health of the housing market.
The Quarterly House Price Index report reveals an overall average house price of £148,499 this spring, down 3.7% over the year.
Professor Stanley McGreal, from Ulster University, said: "This latest survey has mixed messages regarding the health of the Northern Ireland housing market – transaction levels are high, suggesting a strong market in the second quarter of 2017.
"However, this optimism is not reflected in average prices which are generally more subdued."
The report was produced in partnership with the Northern Ireland Housing Executive (NIHE).
(CD/JP)
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Northern Ireland WeatherToday:A dry day with long spells of sunshine for most, however eastern coasts will see rather more in the way of cloud at times, with just the risk of an odd light morning shower. Mainly light northerly winds. Maximum temperature 13 °C.Tonight:A fine end to the day with some evening sunshine. It remains dry overnight with a touch of frost possible in places, although cloud is expected to increase towards dawn. Minimum temperature 0 °C.
