Belfast Telegraph

Northern Ireland housing market sees rise in sales

By Staff Reporter

Northern Ireland's housing market was one of the strongest performers in the UK last month as it entered the second quarter of the year with impetus, according to the latest survey by the Royal Institution of Chartered Surveyors (RICS).

Momentum in the UK market continued to ebb as sales dipped slightly and buyer interest remained flat in April.

However, Northern Ireland saw prices and sales pick up, with buyer interest also remaining strong.

Of all the UK regions, only the North West of England recorded a higher price balance than Northern Ireland last month.

Newly-agreed sales and new buyer enquiries also rose for the eighth consecutive month, according to the Ulster Bank Residential Market Survey.

On the supply side, the number of new instructions to sell rose for the third month in a row - indeed at the fastest rate in the UK. The headline price balance for Northern Ireland was +47% in the latest survey, meaning that 47% more surveyors said that prices rose in the past three months than those who said they fell.

Belfast Telegraph