11/04/2012

NI Housing Market Sees Some Improvements

Last month has saw some improvements in Northern Ireland's housing market, it has been revealed.

According to research carried out by the Royal Institute of Chartered Surveyors (RICS) and the Ulster Bank Housing Market Survey there has been a rise in transactions in March 2012.

There were also increases in enquiries and new instructions.

However despite these positive indicators, it would seem the market still has someway to go, with many respondents still reporting falling house prices and expectations that prices will continue to fall in the months ahead.

RICS Northern Ireland housing spokesman, Tom McClelland, said:"With prices at the lower end of the market now so much more affordable and increasingly stabilising, there is evidence that if first time buyers have a deposit, there is enthusiasm to buy.

"That said, with wider economic conditions still challenging, we don't expect to see any major shift in the market."

(LB)

Related Northern Ireland News Stories
Click here for the latest headlines.

11 September 2012
First Time Buyer Numbers On The Up
First-time buyers in Northern Ireland are taking advantage of falling house prices, new figures suggest. A survey by the Royal Institution of Chartered Surveyors found that the proportion of first-time buyers in the housing market is at its largest since 2001.
01 October 2021
New 10-Year Cancer Strategy For Northern Ireland Under Development
A number of virtual consultations has been launched by the Department of Health to help develop a new 10-year Cancer Strategy for Northern Ireland.
29 September 2021
Northern Ireland Apprenticeship Awards 2022 Launched
The 2022 Northern Ireland Apprenticeship Awards, which recognise excellence in apprenticeships, has been announced by Economy Minister Gordon Lyons. Part of Northern Ireland Apprenticeship Week 2022, the Awards show will be held on Wednesday 9 February 2022.
10 September 2021
Fewer Homes Listed For Sale In Northern Ireland
Fewer homes were listed for sale in Northern Ireland during August, which could have a knock-on effect on sales and prices in the next three months, according to the latest RICS and Ulster Bank Residential Market Survey.
03 September 2021
Northern Ireland's Taxi Industry Is Facing A Crisis
Northern Ireland's taxi industry is facing a crisis, William McCausland, CEO of fonaCAB, has said as he calls on Stormont to recognise the role it plays in the economy and engage with the sector to resolve issues for operators, drivers and the businesses and passengers.