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10/01/2012
NI Property Prices Still In Decline
Property prices in Northern Ireland are continuing to fall launching the housing price downturn into its sixth consecutive year.
According to the Royal Institution of Chartered Surveyors (RICS) Northern Ireland house prices are expected to continue to fall in the first three months of 2012.
The survey carried out by RICS first reported a negative balance in the housing sector in August 2007.
Tom McClelland of RICS said that financial difficulties and public spending cuts would more than likely continue to impact on the NI market leading to the NI housing Market experiencing large variation.
He did however claim that those willing to sell their homes at prices in line with the current economic climate would achieve sales.
(LB)
According to the Royal Institution of Chartered Surveyors (RICS) Northern Ireland house prices are expected to continue to fall in the first three months of 2012.
The survey carried out by RICS first reported a negative balance in the housing sector in August 2007.
Tom McClelland of RICS said that financial difficulties and public spending cuts would more than likely continue to impact on the NI market leading to the NI housing Market experiencing large variation.
He did however claim that those willing to sell their homes at prices in line with the current economic climate would achieve sales.
(LB)
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Northern Ireland WeatherToday:A mostly cloudy day with outbreaks of rain, most persistent and occasionally heavy across southern and western counties this afternoon. Risk of low cloud and fog patches affecting the Down coast. Light winds. Maximum temperature 15 °C.Tonight:Continuing cloudy through the evening with further outbreaks of rain, the rain turning lighter and patchier from the south overnight. Winds remain light. Minimum temperature 8 °C.
