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Category: Property market news

14th December 2018
Work on new Ormeau Road apartments set to begin in May

Work on new Ormeau Road apartments set to begin in May

After receiving planning approval on Tuesday evening, work to demolish the former Ballynafeigh PSNI Station on Belfast’s Ormeau Road is expected to begin in May 2019. Co Tyrone developer Knockburn Ltd is set to knock down the derelict structure and build 57 new apartments on the site. The full proposal includes two apartment blocks, three […]
13th December 2018
NI housing market stays the strongest in UK

NI housing market stays the strongest in UK

Northern Ireland house price rises are predicted to continue, meaning the housing market here remains the strongest performing among UK regions. According to the latest Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey, property prices fell across Great Britain for a third successive month in November. With 39% more respondents reporting […]
5th December 2018
Report reveals 10% growth in number of new NI homes

Report reveals 10% growth in number of new NI homes

The number of completed new-build homes in the last year has grown by 10% to reach 7,100, according to a new report. The Northern Ireland Housing Statistics report, from the Department for Communities, showed there were 7,382 residential planning decisions made, of which just 6% were refusals. The report additionally demonstrated growth of 1% in […]
2nd November 2018
Hagan Homes vows to construct 2,000 new NI homes in next decade

Hagan Homes vows to construct 2,000 new NI homes in next decade

One of Northern Ireland’s biggest house builders, Hagan Homes, has vowed to build 2,000 new homes over the next decade in a £300m investment. Founder and chairman of Hagan Homes, James Hagan, said he would build around 200 homes every year for a decade, which he announced as the company celebrates 30 years in business. Creating […]
29th October 2018
Belfast hotelier in plans to restore former Portrush bank building

Belfast hotelier in plans to restore former Portrush bank building

Andras Hotels, a leading Belfast hotelier, has submitted plans to restore and refurbish the former Northern Bank building in Portrush. Situated on Main Street, the listed building is adjacent to the proposed new 87-bedroom Andras Hotel at the former Londonderry Hotel site. The project will feature six serviced apartments alongside a cafe bar with the […]
11th October 2018
Belfast’s first ‘build to rent’ apartment scheme gets the thumbs-up from planners

Belfast’s first ‘build to rent’ apartment scheme gets the thumbs-up from planners

Plans for Belfast’s first ‘build to rent’ apartment scheme in the Cathedral Quarter have been given the nod by planners. Based in the city’s Academy Street, between Ulster University and The MAC, the £15m project is expected to create 110 jobs both directly and indirectly, during the construction phase and 25 when completed. A report […]
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