A North Belfast estate agent has said that traders in the housing market are becoming realistic about the value of their homes in the area. The comments come after the Royal Institution of Chartered Surveyors (RICS) released its latest housing Market Survey on Tuesday 12 June that recording its lowest reading on house prices since November 2010.
Some improvement in housing market
Slight improvements in areas of the local housing market have seen bidding take place on South Belfast properties, according to a contributer to the latest housing market report.
House prices continue to fall but sales increase
Continuing falling house prices are leading to an increase in sales in North Belfast according to a local estate agent. Laura McMillan, from McMillan Estate Agents in Glengormley, was speaking after the publication of the latest RICS (Royal Institution of Chartered Surveyors) and Ulster Bank Housing Market Survey’s this week.
House price rise ‘not a recovery’
An increase in house prices in South Belfast is causing a ripple effect across the city, although it is too soon to say whether the rise will continue, a local housing expert has said.