Covid -19 - Update from Simon Brien Residential

Dear Valued Simon Brien Residential Clients and Customers,

We are open for business however in respect of the latest Government guidelines and regulations, it is our first priority that we must keep our staff and clients safe. Accordingly, our office doors will be closed and if you wish to visit our office in person, you will need to make an appointment, by phone or email in advance. Find out more

Simon Brien Residential

Close

{: alert.message :}

Northern Irish property market the most upbeat in UK

Posted on Wednesday 3rd March 2021

Northern Ireland's housing market remains the strongest performing among UK regions, with house prices predicted to keep increasing


Fewer people wanted to sell their homes in Northern Ireland last month but the North’s housing market is continuing to “outperform” the rest of the UK, latest industry research shows.

House prices, according to the Royal Institution of Chartered Surveyors (RICS), fell across the UK during November with London and southeast England taking the biggest hit in property values.

But in the North it was a much more upbeat property market as prices continued to rise, the latest RICS/Ulster Bank Northern Ireland residential market survey shows with an increase in the number of newly agreed sales during November compared with October.

RICS spokesman Samuel Dickey said: “Overall 2019 is shaping up to have been a relatively positive year for the housing market in Northern Ireland in a number of respects. House prices look to have risen at healthy rate and activity in various segments of the market has been relatively good, albeit that there are regional variations.
“One thing, though, that does continue to be a feature is the lack of supply. We need to see more new homes being built, and more resale properties would need to become available to meet demand.”


Latest government statistics from the North’s Land & Property Services agency showed the average price of a house in the North in the third quarter was £135,060 (€149,078) and the median house price was 4.8 times median annual gross full-time earnings in Northern Ireland.


To read the full RICS report click here



You might also like…

Posted on Tuesday 1st December 2020

Location, Location… Relocation?

Northern Ireland’s property market sees +150% increase in the number of overseas buyers since June

Read Article

Posted on Tuesday 24th November 2020

£82.5m of new homes in Lisburn and Hillsborough is shot in the arm for local construction jobs and suppliers

One of Northern Ireland’s premier home builders, Porter&Co, has commenced construction on the £22.5m development Governors Gate Demesne in Hillsborough, which includes 70 new homes and a major £60m development in Lisburn – Charlestown Hall – extending to 250 homes over a 6 year period.

Read Article

Categories

Simon Brien Residential on Instagram