Tuesday, 8 May 2012

POSITIVE NEWS FOR NORTHERN IRELAND HOUSING MARKET


A recent survey, conducted by the Royal Institution of Chartered Surveyors (RICS) and the Ulster Bank, has revealed a mild rise in housing transactions in Northern Ireland.

 The traditional peak in buying and selling during spring and early summer has undoubtedly contributed to the increase, but the lower end of the market has seen an upsurge in activity, with greater Belfast emerging on top.

 ‘At the lower end of the housing market at least, there are increasing signs that asking prices and buyers ability to borrow are more closely aligned,’ said Tom McClelland, RICS housing spokesman. 

The head of lending products at Ulster Bank, Derek Wilson, is also ‘encouraged’ by the ‘level of interest and activity that we have experienced in recent months’.