Latest Review and Perspectives on Housing Released

The Housing Executive has just launched its latest Review and Perspectives on the Northern Ireland Housing Market for 2013 – 2016. The document looks at the prospects for the local housing market against a backdrop of what is happening in the economy and population changes.

• In terms of owner occupation, the report finds that the gloomy economic outlook will continue to contribute to a decline in the owner-occupied sector mainly due to a combination of a lower number of dwellings being built and a reduction in the number of existing dwellings being purchased from social or private landlords.
• The report also finds that the demand for private rented accommodation is expected to continue to expand as a result of an inability for many people to get a social tenancy or buy their own home.
• It also expects that there will be a rise in social rented sector rent arrears and more demand on a limited number of smaller properties once the changes to the benefits system are introduced.

A copy of the review can be found here.