Jun 17 2026 10:03:00

“Local market conditions remain resilient, albeit with some signs of moderation. Both house prices and rents continue to grow faster than inflation, with the latest data showing annual growth of 3.8% and 3.7% respectively. Northern Ireland continues to experience some of the strongest house price growth across all UK regions.

“Overall enquiry levels remain broadly in line with last year, although transaction activity has softened. For those properties that did secure a buyer, the average time to sale agreed was just 36 days, slightly quicker than last year and indicative of continued underlying demand.

“Some loss of momentum was expected given the heightened economic and geopolitical uncertainty earlier this year and the knock-on impact this had on energy prices, inflation expectations, and ultimately both interest and mortgage rates. All things considered, the market appears stable, with most key indicators tracking close to long-term norms.

“The biggest constraint on activity remains housing supply. While there have been modest improvements in resale stock levels, new home development remains well below historic levels and continues to be a significant challenge to the long-term sustainability of the market.”