5th October 2018
Category: Property market news
25th September 2018
Prime office building hits the market
Timber Quay, a prime office building in Derry-Londonderry, is on sale with offers expected at £5.25m. Located on the Strand Road, the property is fully let to a range of tenants including Kainos, Invest NI, insurance firm Axa, IT giant Fujitsu and Click Energy– with a total yearly rent of £644,190. Billed as modern Grade A […]20th September 2018
Belfast Telegraph Property Awards 2018 are now open
Last week, entries for the Belfast Telegraph Property Awards in association with Electric Ireland opened and this year there are more categories than ever before. This year’s awards will take place on the 16th November at the Crowne Plaza Hotel in Belfast and will play host to 100s of Estate Agents and Professionals within Real […]20th July 2018
Former Ryder Cup venue hits the market at £72m
The former Ryder Cup venue, the K Club, has been put on the market by millionaire businessman Dr Michael Smurfit for €80m (£72m). The K Club served as the venue for the Ryder Cup in 2006 and has also hosted the 2016 Dubai Duty Free Irish Open and 13 European Opens. Dr Smurfit (81) said in a recent […]17th July 2018
Strong growth predicted for NI property market
The price of Northern Ireland houses is predicted to rise by 4% over the next four years. The growth has been forecasted by PwC‘s latest UK Economic Outlook (UKEO). Northern Ireland is forecast to experience a boost of around 4%, with average house prices, currently around £128,000, reaching £154,000 by 2022. PwC said the local […]16th July 2018
Northern Ireland estate agents report renewed confidence in market
A new survey from the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank has revealed Northern Ireland’s estate agents are forecasting rising house prices as confidence in the market grows. The report said sales expectations among Northern Ireland surveyors are at their highest since last summer. Also noted in the survey was a rise […]3rd July 2018
Purplebricks makes its first foray into the Canadian market
Purplebricks is buying up DuProprio/ComFree (DPCF) in a £29.3m acquisition. In what will mark its first move into the Canadian market, the online estate agent confirmed it will take over DuProprio/ComFree, which provides a commission-free real estate service network with an online offering. Purplebricks stated the move offers “attractive opportunities to quickly grow market share […]2nd July 2018
Northern Ireland offers landlords the best yield
Data from Direct Line for Business has revealed that Northern Ireland offers landlords the best returns in the UK. This is 2% above the average yield for landlords in the UK, which currently stands at 3.6%. With an annual return of 5.6%, the region offers landlords the highest return- followed by Scotland (5.3%) and the […]30th June 2018
Guild of Property Professionals to launch in Northern Ireland
The Guild of Property Professionals is launching its expansion into Northern Ireland. CEO of the Guild, Iain McKenzie, said of the NI expansion: “It is a milestone in our development and marks an exciting opportunity to expand in a country we have not reached before.” With almost 800 independent estate agent members across England and […]29th June 2018
