Blog » Propertymark NAEA: positive outlook for Northern Ireland housing market

Propertymark NAEA: positive outlook for Northern Ireland housing market

Propertymark members in Northern Ireland are open for business and are planning a return to normality following the COVID-19 lockdown according to Victoria Pinkerton, Propertymark Regional Executive for Northern Ireland.

“Most of our members are operating virtual offices and their experienced teams are upskilling to ensure they are prepared for the relaxation of Government restrictions”.

Across the board our members are seeing high levels of interest in both sales and lettings and it’s fair to say that Pre Covid-19, the housing market was very stable. It is clearly evident that the demand will still be there after restrictions are relaxed. Interest rates are low and banks have the liquidity to fund suitable borrowers.

Also, there is generous Government financial assistance in place to help the economy through this unprecedented period, including the furloughing of staff which in turn creates peace of mind.

Our member offices are reporting that purchasers are very keen to complete ongoing sales which, due to Government guidance, have been paused. They are also reporting of pent up demand where members are registering high volumes of possible buyers who are eager to purchase as soon as possible.

There is further good news for the local property market as property developers are formulating ways in which to work safely and effectively while continuing to provide more quality homes. This will see the return of new homes construction.

Overall, the message is one of positivity, optimism and continued demand, with your local Propertymark member on hand to advise and assist you with your next purchase.

Read the latest news about the Northern Ireland housing market.

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