THE uncertain economic picture, restrictions in many sectors and the complications around Brexit aren't having any real impact on the north's housing market, unlike other parts of the UK, surveyors claim
The rate at which properties were becoming available for sale in Northern Ireland softened in January, but demand from potential buyers still remains remained strong, according to the latest residential market survey from Rics and Ulster Bank.
Samuel Dickey, Rics' regional residential property spokesman, says: “January was a busy month as people here continue to put a high priority on their home and desire more space, and surveyors believe that is unlikely to change much in the short to mid-term.”
The report shows that data for newly-agreed sales and new buyer enquiries strengthened in January.
Some 42 per cent of respondents reported an increase in newly agreed sales, up from 28 per cent the previous month. Meanwhile new buyer enquiries increased according to half of all respondents.
According to 15 per cent of respondents, there was an increase in the number of homes they were instructed to sell last month, but while this was higher than other UK regions, it was the lowest figure since June.
