The latest NI housing statistics, transactions, starts and completions for Q3 2021 were released this morning by NISRA.
Property prices, transactions and starts all rose year-on-year in Q3 2021. However, there was a modest year-on-year decline in housing completions (refers to house building not sales).
Estate agents and house builders have experienced a ‘V-shaped’ recovery. But, given the headwinds stemming from a shortage of housing stock, supply chain disruption and significant inflation with building materials, 2021 could well mark a peak in both transactions and house building activity. In 2022, residential property prices may be the only key housing market metric to still be on the rise.Continue reading