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NI housing market sees price reductions ease
05/02/2010
The rate of house price reductions in Northern Ireland eased over the course of 2009, new figures have shown.
University of Ulster's latest House Price Index reveals that between the beginning of last year and its final quarter, the price reduction rate went down from 35 per cent to reach a level of around seven per cent.
The positive nature of this trend has been highlighted by the index's authors.
"Prospects for a modest increase in price levels during 2010" are on the cards, it has been suggested by Professor Alastair Adair, Louise Brown, David McIlhatton and Professor Stanley McGreal.
The Northern Ireland Housing Executive and the Bank of Ireland both played a part in the production of the university's index.
Meanwhile, the UK's private rented sector is to be the subject of a new government-backed consultation, which will consider how it might be able to deal with housing demand.
Visit our residential property services page
University of Ulster's latest House Price Index reveals that between the beginning of last year and its final quarter, the price reduction rate went down from 35 per cent to reach a level of around seven per cent.
The positive nature of this trend has been highlighted by the index's authors.
"Prospects for a modest increase in price levels during 2010" are on the cards, it has been suggested by Professor Alastair Adair, Louise Brown, David McIlhatton and Professor Stanley McGreal.
The Northern Ireland Housing Executive and the Bank of Ireland both played a part in the production of the university's index.
Meanwhile, the UK's private rented sector is to be the subject of a new government-backed consultation, which will consider how it might be able to deal with housing demand.
Visit our residential property services page
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