A recent article in the Belfast Telegraph has reported that Northern Ireland's housing market is on the up. At present Northern Ireland's housing market is the most confident in the UK. The survey indicated that housing prices will continue to grow over the next 5 years.
However, the Royal Institue of Charteted Surveyors ( RICS) & Ulster Bank Residential Market Survey have said that prices are well below the 2007 Peak.
Standardised house prices at the minute have been reported at £132,795 whereas in 2007 they were £216,751 a 40% decrease.
With new buyer enquiries continuing to see increases it appears that recent interest rate rises have not impacted on this.
There is still a strong desire to own your own home in Northern Ireland and demand for new mortgages and re mortages continues.
The Bank of England are also keeping interest rates where they are today to after last month's hike.
At James Duggan Esates we can help with new mortgages, re-mortages and even buy to let mortages.