Home RSS
Real Estate
Cars

Property prices in Northern Ireland expected to rise

Belfast Telegraph
Houses prices in Northern Ireland should begin to rise this year, a report has claimed

Houses prices in Northern Ireland should begin to rise this year, a report has claimed


House prices should begin rising this year as Northern Ireland's property slump eases, researchers have claimed.



The rate at which house prices are falling has hit 7% compared to 35% at the start of last year, the University of Ulster House Prince Index said.

The number of sales also hit its highest level for over a year.

The report authors said: "This latest survey indicates an improving housing market. Although overall average prices are still down, the rate of price decline has slowed significantly, with prospects for a modest increase in price levels during 2010."

The number of house sales was 704 in the final quarter of 2008 compared to 1,050 in the final quarter of 2009.



Source








 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.