How will coronavirus affect house prices in NI?

Posted on June 13, 2020

As buyers make a return to the market in Northern Ireland, a recent article in Which? looks at what could happen to house prices as the market emerges from the lockdown.

📍SHOULD YOU OFFER BELOW THE ASKING PRICE?

If you were looking for a home before lockdown and are now resuming your search, you might be in a good position to grab a bargain.

It is likely that house prices could take a small dent this year, so if you’re thinking of moving now it’s important to be aware that you might not see any financial rewards in the short term.

📍HOW WILL VIEWINGS WORK?

The government’s latest guidance says buyers should use virtual viewings to filter properties, and only view homes in-person once they’re seriously considering making an offer.

In-person viewings must follow social distancing measures. You must wash your hands when entering homes and avoid touching surfaces. If social distancing isn’t possible, both viewers and agents should consider wearing a


📍CAN YOU GET A GOOD MORTGAGE DEAL?

There are still plenty of good rates out there – especially if you have a bigger deposit. Data from Moneyfacts released earlier this month showed that overall average mortgage rates were at the lowest levels since it began keeping electronic records in 2007.

It's important to remember that at Mortgage Solutions Belfast, we are here to help you make these decisions!


While estate agents look after the seller, we look after YOU, the purchaser, and can help with bidding, putting in an offer and anything you're not sure of.


Give us a call 📞 02890 642000.

SOURCE: WHICH.CO.UK