According to the latest housing survey by the Royal Institute of Chartered Surveyors (RICS), property prices in Northern Ireland are dropping, but sales are on the rise.
The report has revealed that properties are selling more quickly than they have been for a number of years. The prices, however, are the lowest they have been for 7 or 8 years.
The secret of local selling success appears to be in setting the right amount. Sellers who have consistently set their prices at an unrealistic level have been disappointed, while those who have taken account of the current state of the market are finding buyers. Those searching for homes are still willing to buy, as long as costs are realistic.
The report further claims that prices are expected to fall further, though more gradually, in coming months.
Northern Ireland house sales are on the rise... but prices still falling - Belfast Telegraph