09/07/2015
NI House Prices Rising At 'One Of The Fastest Rates In The UK'
NI house prices are being pushed higher because of a limited supply of properties, according to the latest RICS and Ulster Bank Residential Market Survey.
House prices in NI are rising at one of the fastest rates in the UK, as new buyers are coming into the market at a stronger rate than new properties become available to sell.
RICS Northern Ireland Residential Property Spokesman, Samuel Dickey, said: "Surveyors are telling us that demand remained strong in the local housing market in June, whilst supply remains restricted. Almost inevitably, this is creating upward pressure on prices.
"As always, we would anticipate a lull in activity during July, but respondents remain relatively optimistic about sales over the next three month period."
(CD/JP)
House prices in NI are rising at one of the fastest rates in the UK, as new buyers are coming into the market at a stronger rate than new properties become available to sell.
RICS Northern Ireland Residential Property Spokesman, Samuel Dickey, said: "Surveyors are telling us that demand remained strong in the local housing market in June, whilst supply remains restricted. Almost inevitably, this is creating upward pressure on prices.
"As always, we would anticipate a lull in activity during July, but respondents remain relatively optimistic about sales over the next three month period."
(CD/JP)
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Northern Ireland WeatherToday:Mainly dry this morning with sunny spells then scattered showers breaking out this afternoon. A chilly start then feeling warmer in afternoon sunshine. Light southerly winds. Maximum temperature 11 °C.Tonight:Any showers at first soon dying out. Then dry overnight with clear periods and turning chilly with a touch of frost later tonight. Minimum temperature 1 °C.