The property market in Fermanagh faces uncertainty due to the Middle East conflict. Buyer demand has dropped amid wider economic pressures.

Halifax data shows average UK house prices fell 0.5 percent in March. The average property price reached £299,677. Halifax maintains a branch in Enniskillen.

Amanda Bryden, head of mortgages at Halifax, stated the Middle East conflict contributed to the slowdown. She noted concerns over higher energy prices raised inflation expectations.

Bryden added that rising mortgage rates lowered expectations for interest rate cuts this year. This reduced market momentum from earlier in the year.

A two-week conditional ceasefire between the United States and Iran offers potential for recovery. Adam French, head of consumer finance at Moneyfacts, indicated a sustained ceasefire could stabilise mortgage markets.

French said rates might edge lower if markets calm. He expects any changes to slow or pause increases rather than cause sharp declines.