Housing Market Cools in Northern Ireland
The steaming Northern Ireland housing market appears to be cooling from its record price growth of 24.2% (or an astounding £150 a day) last year. The Royal Institute of Chartered Surveyors (RICS) warns that real estate agents may be forced to work a bit harder to make a sale. Although they expect sales will pick back up in 2008, RICS states that home owners looking to sell also need to be realistic about the price they set for their homes, as the unbelievable price growth from last year has cooled.
Tom McClelland, RICS Northern Ireland spokesperson, explained that this trend could benefit many first time home buyers, as there is “less competition for properties in the sector of the market within the first time buyer’s price range.”
This entry was posted
on Saturday, January 5th, 2008 at 10:36 am and is filed under Real Estate.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.