Lack of supply will lead to price increases
March 6th, 2014

The headlines earlier this week were how 41% of Northern Irelands homeowners are in negative equity.  In comparison to the north of England at 16%, this is a huge figure and must have consequences for our local market.  Estate Agents and househunters are finding  precious few houses coming on to the market and most Estate Agents’ stock levels are very low.  This is an obvious consequence of the negative equity issue but due to the laws of supply and demand, prices are likely to be pushed up as more and more confidence returns to the market.