Saturday, 19 November 2011

HOUSE PRICES CONTINUE TO FALL IN NORTHERN IRELAND

According to the latest Royal Institution of Chartered Surveyors and Ulster Bank Housing Market Survey, house prices in Northern Ireland are still falling, but at a decreased rate.

30% of those surveyed reported that prices were lower than over the last 3 months, 1% said they had increased, and 69% said that they remained the same. 15% predicted that prices would fall in the next 3 months, while 85% expected them to stay unchanged.

The Rics NI spokesman Tom McClelland said that ‘there continues to be evidence that if priced correctly, houses will sell, and the expectation is that this will continue to be the case.’

Additionally, hopes are high that the first-time buyer market will be bolstered by the recent increase in funding for Co-ownership Housing.


NI House Prices Still Falling - UTV News