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Article: Sluggish outlook for property.
- Article from:
- Money Marketing
- Article date:
- February 7, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A senior Bank of Ireland manager believes that Northern Ireland will see a period of adjustment in house prices over the next two years.
Head of research Alan Bridle said he does not consider that the Northern Ireland market will see a concentrated period of adjustment in house prices, as some commentators have suggested. He does not believe there will be a recession in Northern Ireland but warns it will be a tougher year.
Bridle said that the biggest theme for the housing market in Northern Ireland this year and beyond is inactivity and a lack of transactions.