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Demand for housing in Northern Ireland reaches two-year high

Posted 6/03/2024 by Alex Moore

Demand from buyers for property in Northern Ireland has surged, signaling a promising start to 2024 for the Northern Ireland housing market.

Buyer demand is now at its highest level in two years, meaning now could be an ideal time to prepare your property for sale in Northern Ireland.

Housing demand on the rise

According to a recent residential market survey from the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank, buyer demand for property in Northern Ireland has risen at the quickest rate it has since the start of 2022.

Their survey reported that 35% of surveyors who responded reported that new buyer enquiries rose in January 2024. That's the fifth month in a row that the sentiment has been positive.

Optimism amongst surveyors

With more potential buyers entering the market, several surveyors have been more confident in the property market in Northern Ireland. 34% of respondents are expecting sales to rise over the next three months.

Furthermore, an impressive 59% of surveyors who responded to the survey reported that the average house price rose over the past three months, and 67% of respondents expect that housing prices will be even higher in a year's time.


Samuel Dickey, a spokesman for RICS Northern Ireland Residential Property commented

"It’s encouraging to see that surveyors in NI are remaining optimistic. The easing in mortgage rates has no doubt alleviated some of the pressures seen in the housing market, and this is perhaps why we’re seeing some increased demand. And Northern Ireland respondents are still more confident about prices over the next 12 months than their counterparts elsewhere in England, Scotland and Wales, anticipating some upward movement.”


If you've been considering moving home this year, now would be an opportune time to list your property for sale if you are in Northern Ireland.

With a free property valuation, you can find out how much you can expect potential buyers to pay for your property, giving you a better idea of how much you'll have to spend on your next home.

Book a free property valuation

Alex Moore

Reeds Rains E-marketing Executive

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