Northern Ireland Housing Market Report
Bricks&Mortar in Lurgan
9th January 2019
In December 2018 the ‘Irish News’ reported Northern Ireland to be out performing the rest of the UK property market. The latest RICS (Royal Institute of Chartered Surveyors) has analysed a range of indicators across the UK the results of which show Northern Ireland significantly outperforming the rest of the regions. A third of the surveyors involved in the researched reported rise in house prices in Northern Ireland.
The report shows the demand for rental properties remains steady in Northern Ireland; however, it identifies a decline in availability of new rental stock so demand is likely to outweigh supply.
RICS suggest that rents will increase over the next 5 years and house prices to increase by around 2.3 per cent each year, however, this can vary quite a bit throughout Northern Ireland so get in touch to see figures for Lurgan-Criagvaon-Portadown.
For more specific details on the housing market in Lurgan-Craigavon-Portadown, for rental yields or house values get in touch on 02838818107.