Positive news for house prices and sales in Northern Ireland
The Northern Ireland House Price Index1 reports that the average price of a house in Northern Ireland in the second quarter of 2019 was £136,767 which is 0.8% higher than it was in first quarter and 3.5% higher then in the second quarter of 2017. So if you are thinking of selling, now is a good time to get your property on the market. The price of second hand properties has increased more then the price of new homes since last quarter and also since quarter 2 2018, so if you are hoping to sell up and move into a newly built home, this is particularly good news.
Ryan Andrews, Director for Reeds Rains in Northern Ireland explains:
"Here at Reeds Rains we have had a positive first six months to the year - considering the economic climate - with new listings and sales ahead of 2018 which is a great reflection of the hard work that the Reeds Rains team have put into helping people move. As always it has been vital that all properties coming to market are priced correctly to achieve the highest level of interest possible; the experienced Reeds Rains property valuers are always realistic about pricing and this has led to an increase in sales for our customers."
“New homes are particularly popular and we have a strong share of this market with a lot of properties available for sale, suitable for both first time buyers and families throughout the Greater Belfast area. We are looking forward to a positive second half of the year in 2019 with enquiries starting to lift again now the July/August holiday season is behind us".
With a network of seven branches covering Northern Ireland, Reeds Rains will work with you to achieve a successful sale with minimal stress, at the best possible price for your property, and can also help you with any onward purchase.
1 Northern Ireland House Price Index April-June 2019, published 14 August 2019 by Land & Property Services and The Northern Ireland Statistics and Research Agency. You can read the full Northern Ireland House Price Index here