Monday, March 8, 2010
Its most recent survey which is paid for by the Ulster Bank - showed house sales are increasing but remain a long way from "normal levels".
Since the peak of the property boom in the summer of 2007, its estimated that home prices in Northern Ireland have fallen by around 40 per cent.
A spokesman said the local economy was facing a sluggish uneven recovery.There is no hope for a 'fast fix' in the housing markets.
RICS Northern Ireland housing spokesman Tom McClelland said the number of houses being bought and sold was up - but slightly - and levels were far from normal.
Housing transaction levels, which are the most significant factor in the housing market recovery, are rising, but at a marginal rate, and are still a long way off what you could call normal levels.
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by World House Info @ 11:34 PM
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