A new report by one of the largest property websites Property News has confirmed house prices have increased by 5.7% in the last quarter of 2016. This positive news is counteracted by the news that there is a low supply at present of houses coming on the market.
Certainly people may be put off selling their home due to Brexit but now the lack of supply is pushing prices up. At James Duggan Estates we are certainly seeing properties having a few people bidding and pushing the sales price up. Just today we have Sale Agreed a property £8000 over the asking price which was a 16% increase on the Asking Price.
This is great news for the seller but really the market needs more houses.
At James Duggan we have a waiting list of prospective buyers especially in the Orangefield,Belmont, Ballyhackamore and Bloomfield areas. We would love to meet these demands and offer a no obligation Free Valuation.
Please contact us on 02890925050 to talk to one of our advisors.