20th July 2018
Category: Property market news
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
Multi-million pound development planned for Belfast’s Smithfield area
Plans for a major office and retail development to transform a car park at Belfast’s Smithfield Market have been unveiled. 650 construction jobs could be created if the multi-million pound development goes ahead. A 1.25 acre site between Gresham Street and Winetavern Street has been earmarked for the development, with three new buildings being proposed […]27th June 2018
Hampton by Hilton opens its first NI hotel
With 2,346 properties in 21 countries across the globe, Hampton is one of Hilton’s most successful brands. Being Hilton’s ‘focussed service’ brand, Hampton offers free WiFi for all guests, a well-appointed bedroom and a complimentary cooked breakfast. A 24-hour food and dinner service is also available in its open plan lobby concept. It’s no surprise […]25th June 2018
Innovative Newry offices revealed
An exciting office development has been unveiled on Kildare Street in Newry. The Granite Exchange presents a modern approach to office space. The redevelopment of the former Smyth’s Sports shop offers a flexible range of fully-furnished office sizes, meeting rooms and co-working spaces. Meeting rooms hold up to 10 people whilst office suites range from […]23rd June 2018
