NI house prices set to rise by 4%

Published Thursday, 19 December 2013
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Property prices in Northern Ireland will go up by about 4% next year, a report from the Royal Institution of Chartered Surveyors has claimed.

NI house prices set to rise by 4%
For sale signs in Northern Ireland. (© Pacemaker)

The latest details suggested that while there are positive signs, the levels of growth here will still trail behind the rest of the UK.

It comes as the region recovers from a steeper dip since 2007.

Tom McClelland of RICS said: "Northern Ireland house prices are now 54% below their peak, and whilst Northern Ireland prices rose above the UK average in mid-2007, they are now around half the UK average, according to DCLG figures.

"Instances of negative equity have also continued to increase in Northern Ireland whilst falling in the rest of the UK.

"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."

© UTV News
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1 Comments
Dave in Belfast wrote (118 days ago):
"while there are positive signs, the levels of growth here will still trail behind the rest of the UK" Yes indeed- only 4 % p.a. What a shame. Wouldn't 5 % or 10 % or even 25 % p.a. be much better? Oh wait a minute..... Honestly the short memory is so depressing.
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