Tag: Property market news

This aerial image highlights the proposed site for the new housing development by Braidwater Group

The Braidwater Group reveals £450m investment plan

The Braidwater Group has announced plans for a significant £450million investment in a mixed-used development. Set on a site of circa 250 acres in Derry / Londonderry, this development is to be known as ‘The Cashel.’

The rooftops of houses with an orange sky behind them. Image used in the Housing market in Northern Ireland is gaining strength blog post

Housing market in Northern Ireland is gaining strength

According to a key survey, the housing market in Northern Ireland has bounced back after a 3-month lockdown with a rebound in activity and interest. Today’s report from the Royal Institution of Chartered Surveyors (ROCS) and Ulster Bank highlighted that there has been a rise in enquiries from new buyers and an increase in new sales.

Image of Victoria Pinkerton, Propertymark Executive for Northern Ireland.

Propertymark NAEA: positive outlook for Northern Ireland housing market

Across the board our members are seeing high levels of interest in both sales and lettings and it’s fair to say that Pre Covid-19, the housing market was very stable. It is clearly evident that the demand will still be there after restrictions are relaxed. Interest rates are low and banks have the liquidity to fund suitable borrowers.

The exterior of Custom House in Belfast

Belfast’s iconic Custom House on the market

One of Belfast’s most iconic buildings, Custom House, has been put on the property market after its previous occupiers moved out. Located in a prominent location, fronting onto Custom House Square at Donegall Quay, this Grade B+ listed building has been put up for sale after the relocation of HM Revenue and Customs (HMRC) to Erskine House in January.

House Price Index - Real estate agent working in his office

House price index: Increase in Northern Ireland house prices

House prices increased across all 11 Northern Ireland council areas in 2019, as the region generally outperformed the rest of the UK, new data highlights. The latest House Price Index shows that the average Northern Ireland house price rose by 2.5 percent to £140,190 over the last 12 months (Q4 2018 – Q4 2019). The largest increase in property styles was detached homes (up 3.7 percent), semi-detached homes (up 3.1 percent) and terraced homes (up 1.8 percent)

Signing a contract. Image used in commercial property new story.

Northern Ireland’s commercial property market ends 2019 on a high

The sales of well-known shopping sites including Sprucefield Retail Park helped Northern Ireland’s commercial property sector end 2019 in a better position than once anticipated, it has been claimed. A report by commercial property agency CBRE highlighted that the investment market witnessed an increase in transaction volumes year-on-year. Almost £212m was invested over 32 separate transactions last year.