NI Property Market Survey
Published on Wednesday 10 June 2009
The University of Ulster House Price Index which is produced in association with the Bank of Ireland have reported on activity for the first quarter of 2009. The report suggests that 20% of all house sales in Northern Ireland were below £100,000, 55% were below £150,000 with only 4% of sales being over £300,000. This supports Neill's suggestion of an improving market due to the excellent value that is now available . The 35% reduction of values has brought affordability back. It is now only a matter of time until we see improving market conditions for the properties over £300,000. We feel that the report covering April, May and June, will be even better judging on interest and sales levels we have achieved for thos period.