Tuesday 7 June 2011

Property market may take decade to recover - Business News, Business - Belfasttelegraph.co.uk

Property market may take decade to recover - Business News, Business - Belfasttelegraph.co.uk


The Northern Ireland property market may take another decade to recover, according to a property businessman.
Gary Martin of the Martin Group said the 'fundamentals' of the market need to change if there is to be an improvement.

The average price of a home in Northern Ireland has dropped from a high of £240,408 in August 2007 to £143,918 in the first quarter of this year.

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