Belfast Telegraph

House prices set to rise by 4%

House prices in Northern Ireland will grow by around 4% next year, surveyors have claimed.

But the country will trail behind growth levels in other parts of the UK as it recovers from a steeper dip since 2007.

Tom McClelland, housing spokesman at the Royal Institution of Chartered Surveyors (RICS), said there were positive signs.

"We expect these improvements to continue into 2014, with prices and transactions continuing to edge higher from their current low levels as confidence and demand increase."

He said the number of instances of households in negative equity had increased in Northern Ireland while falling in the rest of the UK.

Despite this, improvement was noted with a second successive rise in prices in the third quarter of this year and a year-on-year increase for the first time in almost six years. The number of sales also rose by 7% during the third quarter of this year.

Your Comments

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

Popular

From Belfast Telegraph