With falling house prices and continued economic pressure, Northern Ireland’s private rented sector continues to expand.
High deposits have taken more buyers further from the housing ladder, with renting the only available solution to their accommodation needs. Many low-income households and potential first-time buyers alike are depending on the role of the rental market at a time when purchasing a home has proven unaffordable.
However, there has been some concern that changes to the Housing Benefit system being introduced at present will impact negatively on the sector, and those looking for rentals.
‘There is a growing concern among housing professionals’, said Joe Frey of the Housing Executive, ‘that the changes to the Housing Benefit system currently being introduced on a rolling basis could seriously undermine this role at a time when resources for new social housing are being reduced.’
NI House Prices Continue to Fall - BBC News