Applications for decent quality rental accommodation are at an unparalleled level because of the overall squeeze on housing, according to an expert.
r Michael McCord, who helps compile the house price and rental indices for Ulster University, added that there is also evidence of a “complete lack” of detached properties on the market right now.
He was speaking as the latest survey of house prices UK-wide by Halifax reported that double digit growth is continuing here.
Prices are rising at the fastest rate of 10% in the UK, bar Wales.
Average local house prices are now £169,348, according to the Halifax report.
This is in line with the recent number published by the Northern Ireland Statistics and Research Agency (Nisra).
But it is significantly less than the one reported by the UU house price index, which most recently put the overall house price average at £198,821.
This is largely to
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