9 NOV 2017
Northern Ireland surveyors are optimistic about the housing market into 2018, the latest RICS and Ulster Bank Residential Market Survey suggests.
House prices rose in October according to the balance of local respondents and they expect both prices and sales activity to increase in the three months ahead.
Looking further ahead, Northern Ireland surveyors are also positive about the prospects for house prices over the next 12 months, in contrast to respondents from most other UK regions.
However, Northern Ireland surveyors continue to report that a lack of housing stock is a challenge for the market. Indeed, new instructions to sell were broadly flat in October.