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Birmingham Post
Birmingham Post
Business
David Elliott

Northern Ireland estate agents still upbeat despite interest rate hikes

Northern Ireland is the only region of the UK where house prices are expected to continue pushing higher over the next three months, according to an influential survey of estate agents.

The RICS (Royal Institute of Chartered Surveyors) said a net balance of agents it surveyed are bullish around prices for the last quarter of the year and for the next 12 months, with a continued lack of supply underpinning prices.

However, it did say the rate of growth in house prices appears to be easing in light of soaring inflation and interest rates and noted a slight easing in new buyer enquiries. Activity – the number of transactions - was also muted in September, as were supply levels with new instructions to sell holding steady.

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