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NI house prices rise for 9th month


March 14th, 2014

The most recent survey by RICS and Ulster Bank shows that house prices in Northern Ireland  have risen for the ninth consecutive month.

The most recent survey, covering the three month period to the end of February 2013, reported a net balance of 65% of respondents with price rises in the three month period. This is the highest balance since May 2007 and continues the string of positive data since June 2013.

RICS spokesman, Samuel Dickey said ¬†“The trajectory of house prices in Northern Ireland is continuing to broadly align with the wider economic picture, as a range of indicators are pointing to positive growth.”

“The evidence is that overall transaction levels are also picking up, something that we expect to see continuing into the spring and summer months, when the market is traditionally busier.”

“Whilst the picture in the Northern Ireland housing market is varied, with some geographical areas having better experiences than others, we also expect average prices to rise in the months ahead, and about 4% over this year.”

 

 

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