Belfast Telegraph

Monday 22 September 2014

Homes market in Northern Ireland steadies

The steadying of the housing market is continuing, states a survey of property professionals
The steadying of the housing market is continuing, states a survey of property professionals

The steadying of the housing market is continuing, states a survey of property professionals.

In the latest Royal Institution of Chartered Surveyors report, 43% of respondents said prices had gone up in the three months to october.

Just over half of the respondents said prices were staying the same – and just 5% said they were down.

Will Miscampbell of Belfast estate agents Fetherston Clements said he agreed with the survey's findings.

"We have been finding things are improving month to month and we have found competition for houses where prices are appropriate to the market.

"Overwhelmingly, we'd be positive about where the market is going."

But he said the market was "steadying and consolidating" rather than experiencing wholesale rises.

Mr Miscampbell said the market outside Belfast would be six months "behind" its pace of improvements.

RICS said October's survey was the first time since the property price peak that there were five months in a row of positive noises about prices.

Its Northern Ireland housing spokesman Tom McClelland said: "The evidence from a range of indicators is that the improved performance of the local economy has been sustained into the autumn."

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More