HMRC data released earlier this week suggests the Northern Ireland housing market got off to a slow start in 2024 with first quarter sales at their lowest level in almost 10 years.
The data shows there were 5,280 transactions between January and March.
That was down 2% on the 5,400 transactions in the same period in 2023.
It was the slowest first quarter since 2015 when there were just over 5,000 transactions.
Mortgage data tends to run ahead of transactions data as there is a time lag between mortgages being approved and deals being completed.
On Thursday, AIB, the Dublin-based bank, reported a “very strong financial performance in the first quarter of 2024”.
The bank, which also operates in Northern Ireland, said its income for the quarter was up by 18% year-on-year.
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