Belfast Telegraph

House prices in Northern Ireland rise for 14th month

By Joanne Fleming

Further growth in Northern Ireland's housing market is expected after July became the 14th month of rising prices, according to a new survey.

In the latest research by the Royal Institute of Chartered Surveyors and Ulster Bank, 38% of surveyors and estate agents also reported a rise in sales.

Those surveyed said they expected the trend to continue, with expectations for sales and prices stronger than any other UK region. RICS Northern Ireland spokesman Samuel Dickey welcomed the rising confidence in the market.

"Although regional variations remain across Northern Ireland, overall, sales demand continues to be strong, with good appetite for auction property, as well as traditional sales. The upward pressure on prices also remains.

"However, it must be remembered that prices are still around 50% below their peak," he said.

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