The latest survey shows 53% of property professionals in Northern Ireland reported a rise in new buyer enquiries in August, up from 38% in July.
This demand growth comes alongside a 54% increase in housing supply, the highest since the pandemic.
Commenting on this data, John Minnis, Company Director at leading Northern Ireland estate agent, John Minnis Estate Agents, said:
“With Northern Ireland outperforming other regions in both price growth and buyer activity, the latest data indicates Northern Ireland’s resilience in the property market.
“This is a positive development for buyers seeking more options, sellers looking to achieve strong prices, and for renters and landlords navigating a competitive market.
“It’s great to see that this upward trend in demand coincides with an improvement in stock levels, a challenge that has long impacted buyers in our region.
“As a local estate agent, we are pleased to see the strength of Northern Ireland’s real estate landscape, which presents opportunity for buyers, sellers, renters, and landlords alike.
“Whether you’re hoping to buy, sell or rent property, engaging with a trusted estate agent should be your number one priority. At John Minnis, our experienced team is always on hand to provide expert advice and support to facilitate seamless property transactions."
John Minnis Estate Agents is the chosen Guild of Property Professionals member for the five areas in which it operates – Bangor, Comber, Donaghadee, East Belfast, and Holywood.
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Posted on 12 September 2024
JOHN MINNIS: NORTHERN IRELAND HOUSING MARKET SEES FASTEST GROWTH IN NEW BUYER DEMAND SINCE 2021
Northern Ireland's housing market has seen a significant surge in demand, with the fastest rise in new buyer enquiries since November 2021, according to a new report from the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank.
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