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Birmingham Post
Birmingham Post
Business
David Elliott

Thirst for new homes eases but Northern Ireland house prices still rising

Demand for new homes in Northern Ireland has eased but the still-tight supply picture means prices continue to rise.

That is the message from a survey of estate agents which indicated that the increasing cost-of-living crisis and the recent interest rate hikes may be cooling the appetite to move house.

The latest Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey revealed the lowest level of new buyer enquiries in over two years and also a slide in the number of newly agreed sales.

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