A new dawn for property in 2015
One of Northern Ireland’s leading estate agents, John Minnis, has said 2015 will be a good year to invest in property.
A confident marketplace combined with greater affordability and low interest rates has prompted the owner of the 10 year-old, multi-award winning agency with three offices, to make the announcement.
John Minnis, director of John Minnis estate agents said: “Northern Ireland has seen the highest number of house sales in seven years, and market forecasts and indeed our own, show that this trend is set to continue.
“According to official figures from the residential property price index, 2014 saw 20,200 transactions, with 5,300 homes sold during the final three months.
“Prices rose 8% across the year, but are still 1% below what they were at the beginning of 2005.
“All indications are showing that prices will continue to rise, further stimulating the market, which means, provided the purchaser is in a sound financial situation, this will make property a healthy long-term investment.
“Prices are low and lenders, whilst their criteria is stricter than it once was, are lending, and their interest rates are also low.”
John concluded: “What we are saying to our clients is, if you are thinking of purchasing a property for long-term investment, and you have the means to do so, 2015 will be a great year to do it.”
If you are interested in buying, renting or selling with John Minnis Estate Agents, visit www.johnminnis.co.uk or call 028 9042 8888.
Photo caption: Directors at John Minnis Estate Agents are pictured, Stephen McLean, John MInnis, Chris Kirk and Emma Coote.