Menu
10/07/2012
Minister Admits Uncertainty Remains In NI Housing Market
Minister for Social Development Nelson McCausland has noted the publication of the latest Royal Institution of Chartered Surveyors Housing Market Survey.
The Minister, who has responsibility for housing, said: "While uncertainty clearly remains in the housing market in Northern Ireland and throughout the UK, it is encouraging to note that local surveyors are reporting a return to affordability and greater numbers of transactions. A recent Council for Mortgage Lenders report shows that first time buyers make up 60% of the market here, compared to only 42% in the UK as a whole.
"Through the Programme for Government the Northern Ireland Executive has given a commitment to the provision of affordable homes. We do this mainly through part funding the Co-Ownership Housing Association and last year 643 buyers were supported into home ownership through the Co-ownership scheme. In recognition of the demand for support through Co-Ownership the Executive has increased the level of funding to £25million up to 2014/15. Indications are that demand for Co-Ownership will continue at strong levels as buyers recognise the good value available in the housing market."
(CD/GK)
The Minister, who has responsibility for housing, said: "While uncertainty clearly remains in the housing market in Northern Ireland and throughout the UK, it is encouraging to note that local surveyors are reporting a return to affordability and greater numbers of transactions. A recent Council for Mortgage Lenders report shows that first time buyers make up 60% of the market here, compared to only 42% in the UK as a whole.
"Through the Programme for Government the Northern Ireland Executive has given a commitment to the provision of affordable homes. We do this mainly through part funding the Co-Ownership Housing Association and last year 643 buyers were supported into home ownership through the Co-ownership scheme. In recognition of the demand for support through Co-Ownership the Executive has increased the level of funding to £25million up to 2014/15. Indications are that demand for Co-Ownership will continue at strong levels as buyers recognise the good value available in the housing market."
(CD/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
06 February 2024
Naomi Long Re-Elected As Justice Minister For Northern Ireland
Alliance Party leader Naomi Long has been re-elected as Justice Minister for Northern Ireland, following a cross community vote in the Assembly. Minister Long previously held the Justice portfolio from January 2020 to October 2022.
Naomi Long Re-Elected As Justice Minister For Northern Ireland
Alliance Party leader Naomi Long has been re-elected as Justice Minister for Northern Ireland, following a cross community vote in the Assembly. Minister Long previously held the Justice portfolio from January 2020 to October 2022.
06 August 2015
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
05 September 2008
Further Housing Association Commitment To First-Time Buyer Scheme
The Government's latest first-time buyers scheme has been given a further boost with the announcement that the North and West Housing Association has committed £4m to the money pot. This comes hot on the heels of the NI Housing Minister's announcement earlier this week of an affordable housing scheme in Portadown.
Further Housing Association Commitment To First-Time Buyer Scheme
The Government's latest first-time buyers scheme has been given a further boost with the announcement that the North and West Housing Association has committed £4m to the money pot. This comes hot on the heels of the NI Housing Minister's announcement earlier this week of an affordable housing scheme in Portadown.
21 August 2008
High Level Support For First Time Buyers Scheme
A metaphorical 'tightly-bolted door' that is keeping many first-time house buyers out of the market, could be about to be unlocked, through a new bank-led initiative. Ulster Bank has joined forces with property developers from across Northern Ireland to support hard-pressed first-time buyers onto the property ladder.
High Level Support For First Time Buyers Scheme
A metaphorical 'tightly-bolted door' that is keeping many first-time house buyers out of the market, could be about to be unlocked, through a new bank-led initiative. Ulster Bank has joined forces with property developers from across Northern Ireland to support hard-pressed first-time buyers onto the property ladder.
09 August 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.
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.
-
Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
