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House prices rise for fifth consecutive month – 11 November 2013

House prices in Northern Ireland have risen for a fifth month in succession, the latest research of the market has indicated.

Almost half of surveyors (43%) questioned about sales in October reported that prices had gone up, according to research.

With only 5% reporting falling prices, and the rest noting no change, the market survey by the Royal Institute of Chartered Surveyors (RICS), in conjunction with Ulster Bank, recorded a net balance of 38% responding to the question about price changes over the month.

Following similar upward assessments in the June, July, August and September, this is the first time since before the property crash that there has been five successive months of above zero price balances.