Blog

Latest news, opinions and analysis in the Northern Ireland property market

20th June 2011
£38m boost for housing in North Belfast

£38m boost for housing in North Belfast

Social Development Minister Margaret Ritchie recently announced plans to invest £38 million for brand new homes in North Belfast. The huge investment will mean that much of the old and inadequate housing will be demolished to make way for new, modern family homes in the Upper Long Streets, Parkside and Queen Victoria Gardens areas. The […]
20th June 2011
New Rental Agency Opens

New Rental Agency Opens

The Lurgan-based letting agents Quicklet is celebrating it’s first year in business with the opening of a second branch in Stranmillis Belfast. The growth of Quicklet as fostered by the business partnership of Gavin McEvoy and Dermot O’Hanlon, indicates a growing confidence in the letting market. The company has thus far created five positions in […]
20th June 2011
UK housing market buoyed by spring bounce

UK housing market buoyed by spring bounce

The housing market enjoyed a spring bounce during April, with both property prices and sales levels rising, research has shown. The Royal Institution of Chartered Surveyors said housing market sentiment “rebounded” during the month, helped by the better weather. Around 17% more chartered surveyors reported house price rises than those who saw a fall during […]
20th June 2011
Local Estate Agent Win National Award

Local Estate Agent Win National Award

Local Estate Agent Pinkerton Murray has been honoured with two national awards at the 2010 UK Estate Agent & Letting Agent Awards, or the ESTAs as they have become more affectionately known. The awards were presented last Thursday at the Marriott Hotel on Grosvenor Square in Mayfair, London in a lavish luncheon hosted by Phil Spencer […]
20th June 2011
Northern Ireland house prices rose 99% during Noughties

Northern Ireland house prices rose 99% during Noughties

House prices have grown most in northern regions in the past decade, study confirms Northern regions of the UK have seen the strongest house price growth during the past decade, research has shown. The average cost of a home in Yorkshire and Humber soared by 130% during the noughties, jumping from £55,574 in 1999 to […]
20th June 2011
Estate agents’ joy over stamp duty reform

Estate agents’ joy over stamp duty reform

Northern Ireland estate agents have predicted that Alistair Darling’s axing of stamp duty of up to £250,000 for first-time buyers could kickstart the province’s stuttering property market. The move, which came into effect at midnight last night, will save beleaguered first-time buyers thousands of pounds at a time when they have to stump up deposits […]
20th June 2011
House prices on the rise

House prices on the rise

House prices increased by 1.2% in October, marking the fourth consecutive monthly increase. Nationally, house prices have risen by 2.9% since the end of 2008. Commenting, Martin Ellis, housing economist, said: “They are now 7.1% higher than six months ago when prices reached a trough in April. Demand for houses has risen in recent months […]
20th June 2011
House prices ‘unlikely to rise’

House prices ‘unlikely to rise’

There is unlikely to be a significant rise in house prices in Northern Ireland next year, according to a report by Davy stockbrokers. It said a lack of credit, poorer loan to value ratios, the prospect of higher taxes and interest rates and employment uncertainty were all factors. Mike Irvine, from the company, said their […]
20th June 2011
Recovery in Housing Market

Recovery in Housing Market

House prices in Northern Ireland have risen for the first time in two years according to the latest Nationwide building society figures. Prices were up by 9.7% over the last three months, however they are still down 8% on this time last year and down 35% from their peak in 2007. The study puts the […]