Northern Ireland property prices to rise in 2019

By Lauren Burns

The latest survey carried out by the RICS (Royal Institution of Chartered Surveyors) and Ulster Bank suggests that Northern Ireland will be the only region in the UK to experience an increase in property prices in the first few months of 2019.

House prices in the rest of the UK fell for the third successive month in November, with the biggest decreases experienced in London and the South East of England. However, in Northern Ireland, surveyors reported an increase in property values over the past 3 months, and a reasonable expectation that they will continue to rise at the start of 2019.

One problem that continues to be present however is a lack of new properties coming onto the market. RICS residential property spokesperson Samuel Dickey said "We need to see more new homes being built, and more resale properties would need to become available to meet demand".

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