House prices continue to rise in Northern Ireland amid significant surge in demand The increase in enquiries from new buyers during March was the sharpest increase in the 15-year history of the NI residential market survey. Ryan McAleer 08 April, 2021 01:00
A SIGNIFICANT upsurge in demand for housing in the north continued to push prices up last month, according to the latest survey of industry professionals.
Research by the Royal Institute of Chartered Surveyors (RICS) and Ulster Bank found new buyer enquiries rose sharply during March.
The increase in enquiries from new buyers during the month was the sharpest increase in the 15-year history of the monthly Northern Ireland residential market survey.
Busiest market in 9 months sees Northern Ireland house prices rise
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House prices have continued to rise in the Northern Ireland in one of the busiest markets in nine months.
Those are the findings of the latest RICS and Ulster Bank Residential Market Survey which reported another steady rise in house prices in February, tempered by a more subdued outlook for the next three months.
There is hope for house-buyers who have not been able to save up a big deposit after Ulster Bank announced new 90% mortgages.
The bank said it hoped the two and five-year deals - requiring people to put up just a 10% deposit on new homes - would open up the market to more people including first-time buyers.
It is the only one of five big lenders here to announce it has reverted to 90% deals.
At the outset of the pandemic, most lenders withdrew 90% deals - partly down to uncertainty over the crisis and its impact on the housing market.
But it has proved more buoyant than expected. The latest government property price index said the average house price here has grown by 2.4% to £143,205 over the last year.
Belfast rock band Dea Matrona will feature in a special virtual gig in a partnership with Ulster Bank Northern Ireland to help raise funds for and awareness of local food banks.
The trio will perform in the first of a series of virtual concerts organised by the bank called The Notes.
Inspired by the street performers which feature on Ulster Bank s new £20 note design, the gig will also support the bank s partnership with The Trussell Trust and its network of 22 NI food banks.
Audiences can watch the virtual gig - which is being recorded at Belfast s Limelight - free of charge tomorrow at 8pm on the band s YouTube channel. Viewers will be invited to make a small donation to the Trussell Trust.