Menu
14/07/2016
Confidence In NI Housing Market Drops
Confidence in the Northern Ireland housing market has fallen following the result of the EU referendum vote, according to the latest RICS and Ulster Bank Residential Market Survey.
The overall price balance for Northern Ireland fell to its lowest level in more than three years.
Expectations for prices over the next three months also dropped.
However, Northern Ireland surveyors reported a rise during June off the back of a sharp slowdown in May.
RICS Residential Property Spokesman, Samuel Dickey, said: "The first half of 2016 was a relatively strong six months in terms of housing market demand in Northern Ireland. And the imbalance between supply and demand in key population centres put upward pressure on prices. Unsurprisingly, there is uncertainty in the wider economy and the housing market cannot be immune. However, we continue to see good mortgage demand from homebuyers, and the key thing for them remains to secure finance that is affordable and meets their own circumstances."
(CD/MH)
The overall price balance for Northern Ireland fell to its lowest level in more than three years.
Expectations for prices over the next three months also dropped.
However, Northern Ireland surveyors reported a rise during June off the back of a sharp slowdown in May.
RICS Residential Property Spokesman, Samuel Dickey, said: "The first half of 2016 was a relatively strong six months in terms of housing market demand in Northern Ireland. And the imbalance between supply and demand in key population centres put upward pressure on prices. Unsurprisingly, there is uncertainty in the wider economy and the housing market cannot be immune. However, we continue to see good mortgage demand from homebuyers, and the key thing for them remains to secure finance that is affordable and meets their own circumstances."
(CD/MH)
Related Northern Ireland News Stories
Click here for the latest headlines.
05 August 2011
Housing Market Sees 'Renewed Activity'
The most comprehensive survey of residential property in Northern Ireland has produced evidence of a slight growth in demand within the local housing market in the second quarter of 2011.
Housing Market Sees 'Renewed Activity'
The most comprehensive survey of residential property in Northern Ireland has produced evidence of a slight growth in demand within the local housing market in the second quarter of 2011.
18 August 2009
NI Housing Recession Over?
The last two years of house price freefall may be over. Normally cautious estate agents are reporting increasing levels of inquiries now being translated into sales.
NI Housing Recession Over?
The last two years of house price freefall may be over. Normally cautious estate agents are reporting increasing levels of inquiries now being translated into sales.
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.
10 April 2024
Work To Begin On New North Belfast Housing Development
The Department for Communities that preparatory works has now begun for the physical redevelopment of the Adam Street site on Duncairn Gardens in North Belfast. As a result of extensive public consultation, social housing will be provided through a residential-led regeneration scheme.
Work To Begin On New North Belfast Housing Development
The Department for Communities that preparatory works has now begun for the physical redevelopment of the Adam Street site on Duncairn Gardens in North Belfast. As a result of extensive public consultation, social housing will be provided through a residential-led regeneration scheme.
09 February 2017
Shortage Of Supply Remains A Challenge For Housing Market In NI
A shortage of supply of houses coming onto the market remains a challenge in Northern Ireland, according to a new survey. The supply of new houses coming onto the market is falling, according to a survey carried out by the Royal Institute of Charted Surveyors (RICS) in association with Ulster Bank.
Shortage Of Supply Remains A Challenge For Housing Market In NI
A shortage of supply of houses coming onto the market remains a challenge in Northern Ireland, according to a new survey. The supply of new houses coming onto the market is falling, according to a survey carried out by the Royal Institute of Charted Surveyors (RICS) in association with Ulster Bank.
-
Northern Ireland WeatherThis Evening and Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. A cold night with some ground frost. Minimum temperature 2 °C.
