Storm Rannard
Demand for homes in Northern Ireland continued to increase in November according to the latest RICS and Ulster Bank NI Residential Market Survey.
The report said it was most likely down to the stamp duty cut ending in Q1 2021.
A net balance of +55 per cent of Northern Ireland surveyors told RICS they experienced an increase in newly agreed sales during the November period, up from +42 per cent in October.
New buyer enquiries also increased, with a net balance of +49 per cent, up from 32 per cent.
Samuel Dickey, RICS Northern Ireland Residential Property spokesman, said: It has been a very busy quarter for the housing market in Northern Ireland and as we head into the Christmas period it will no doubt be quieter in the second half of December as it is every year.
PROPERTY professionals in the north report that they are doing brisk business in the run-up to Christmas, but there are concerns that a sharp slowdown in sales could be around the corner in spring 2021.