Thanks! Latest Market Update

Latest Market Update

Time for an short and quick update on the property market: 

The Northern Ireland housing market sustained its strong start to 2017 last month, with prices, sales and expectations rising, according to latest RICS and Ulster Bank Residential Market Survey. The survey suggests price growth rose to its highest level in almost a year in February, suggesting house price inflation is picking up pace.

Newly agreed sales also edged up, albeit modestly, in February and surveyors expect this positive trend to continue over the three months ahead.

RICS Residential Property Spokesman, Samuel Dickey, said: “The Northern Ireland housing market has maintained some momentum into the fifth month of the year, with prices edging upwards and with reasonable demand evident. There is perhaps a hint that vendors are becoming more active as we move out of the winter months, but supply remains a challenge, and it remains to be seen if this eases in the months ahead.”

Sean Murphy, Managing Director, Personal Banking at Ulster Bank, said: “The Northern Ireland housing market has entered 2017 in growth mode, both in terms of prices and sales activity, and our own expectation at Ulster Bank is for strong mortgage demand, with the ongoing a very low interest rate environment and peoples’ desire to own their own home.”

In summary now is the time to sell your property, and thankfully we are right here to help you do that!

Don't we all love a bit of good news!