NI Housing Market Remains Strong

The Northern Ireland housing market remains strong, according to the latest survey.

However, price and sales growth moderated in September, according to the latest RICS and Ulster Bank Residential Market Survey for Northern Ireland.

Northern Ireland recorded the highest price balance of all the UK regions, and strong data for newly agreed sales, however, both indicators were lower than levels recorded in the August survey.


Price expectations over the next three months have also eased, though remain robust, whilst sales expectations for the three months ahead increased.

Samuel Dickey, RICS Northern Ireland spokesman said: "As the survey suggests, there is an issue with supply in the market, whilst buyer demand remains strong. This is creating the conditions for continuing price growth. Surveyors also expect sales to increase in the short-term. In the longer-term, it remains to be seen exactly what impact the significant pressure on the public finances here has on confidence, particularly when combined with the inevitability of interest rate rises by the Bank of England. However, the likelihood is for a more subdued housing market in 2015 than we have seen this year."

(CD)