According to a recent survey, demand from potential buyers remained strong in January.
Looking ahead, Northern Ireland surveyors expect both sales activity and prices to continue to increase over the next three months.
Samuel Dickey, RICS Northern Ireland Residential Property Spokesman, says: “The economic picture is clearly uncertain at present with the restrictions in place in many sectors and the complications of Brexit. However, in Northern Ireland, unlike other parts of the UK, this does not appear to be having any real impact on the housing market. January was a busy month as people here continue to put a high priority on their home, and desire more space. Surveyors believe that is unlikely to change much in the short to mid-term.”
Terry Robb, Head of Personal Banking at Ulster Bank, said: “2021 has started relatively strongly in terms of mortgage demand. Despite the restrictions in place at present many people have continued to apply for mortgages and move forward with home purchases and house moves; and of course, there are remortgages happening as well.”
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