Property prices

motorguy

qwert_yuiop said:

Relevant if you’re thinking of buying, as I am.

I’m told a lot of builders are sitting on sites these days. Material costs have gone up so much and selling prices have slipped a bit recently. It doesn’t make sense to build and not make a decent profit.

Hence why i asked.

And RE: developers holding on to sites, we've seen that happen before.  They'll just sit on having a site until a more profitable time.

Understandable really.

motorguy

qwert_yuiop said:

The report on third quarter will be the illuminating one.

It was illuminating indeed.

Prices went UP

https://www.finance-ni.gov.uk/sites/default/files/publications/dfp/ni-hpi-statistics-press-notice-q3-2023.pdf

https://www.irishtimes.com/business/economy/2023/10/10/northern-ireland-property-prices-rise-by-57-in-a-year/