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25

Feb

What do new stamp duty changes really mean for the average house buyer?

Posted on 25th February 2015  |   Add a comment

What do new stamp duty changes really mean for the average house buyer?

An estimated £4.5bn less will be paid in stamp duty across the UK over the next six years as a result of Chancellor George Osborne’s sweeping reforms to stamp duty, a move that has been welcomed by buyers and sellers alike, as well as the property industry. Describing the current stamp duty arrangements as a “badly designed tax on aspiration”,...

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24

Feb

John Minnis Estate Agents predict a good investment year for property in 2015

Posted on 24th February 2015  |   Add a comment

John Minnis Estate Agents predict a good investment year for property in 2015

A new dawn for property in 2015 One of Northern Ireland’s leading estate agents, John Minnis, has said 2015 will be a good year to invest in property.  A confident marketplace combined with greater affordability and low interest rates has prompted the owner of the 10 year-old, multi-award winning agency with three offices, to make the announcement.  John Minnis, director of John Minnis...

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24

Feb

Auction sales are helping to sustain Northern Ireland property market

Posted on 24th February 2015  |   Add a comment

Auction sales are helping to sustain Northern Ireland property market

Property auctions are set to remain an important tool in helping shift homes and land across Northern Ireland, it has been claimed. And the claim from Lambert Smith Hampton comes as the number of residential property sales reached their highest levels since 2007, during the last three months of 2014. The commercial property company revealed that 93% of its lots up for...

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20

Feb

Plans for £50m 250-room Belfast city hotel now gathering pace

Posted on 20th February 2015  |   Add a comment

Plans for £50m 250-room Belfast city hotel now gathering pace

Plans have been approved for the construction of a new £50m hotel in Belfast by County Tyrone firm McAleer & Rushe. It's the latest in a series of new hotels for the city, which includes the proposed Mutual Hotel at the listed Scottish Mutual site. The latest development at College Avenue near CastleCourt Shopping Centre would have 250 bedrooms over 10 storeys...

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19

Feb

Homes cost 4.5 times average salary

Posted on 19th February 2015  |   Add a comment

Homes cost 4.5 times average salary

The average house in Northern Ireland costs around four-and-a-half times the average salary, new research reveals. Property has become more affordable, finance minister Simon Hamilton said, following the price slump since 2007. The average house cost £109,342 by late last year, with the most expensive in Castlereagh and the cheapest in Strabane, according to the Northern Ireland Residential Property Price Index. Mr Hamilton...

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18

Feb

Northern Ireland house prices lowest in UK, but agent says market is 'brisk'

Posted on 18th February 2015  |   Add a comment

Northern Ireland house prices lowest in UK, but agent says market is 'brisk'

House prices in Northern Ireland are the lowest in the UK - despite growing by 4.9% since last year, according to official figures. The only region to lag behind Northern Ireland was Wales with a price rise of 4%, the Office for National Statistics (ONS) revealed. A snapshot of the buoyancy of the UK property market in December 2014 was published yesterday. Northern...

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16

Feb

A Rural Idyll

Posted on 16th February 2015  |   Add a comment

A Rural Idyll

Surrounded by rugged landscape and boasting a one-off architectural design, this large country home has much to offer anyone searching for a special rural retreat. Designed by Michael Rogers in 2000, its turreted front, hand-crafted wooden windows, stone corbelling and dry dashed render hint at the interesting features which abound inside. It is a spacious family home of around 3,450 square feet...

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13

Feb

OFTEC and NI Environment Agency

Posted on 13th February 2015  |   Add a comment

OFTEC and NI Environment Agency

Launch Oil Tank Safety Campaign For Householders  12th February 2015: The Northern Ireland Environment Agency (NIEA) and the Oil Firing Technical Association (OFTEC), which represents the oil heating and cooking industry, joined forces today to launch a campaign on oil tank safety awareness for Northern Ireland householders.  The campaign, backed by Northern Ireland Environment Minister Mark H Durkan, aims to raise awareness...

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13

Feb

Call for mortgage rescue scheme

Posted on 13th February 2015  |   Add a comment

Call for mortgage rescue scheme

A mortgage rescue scheme could be established in Northern Ireland to help borrowers at risk of losing their homes , a Government review has said. Around 32,000 households are expected to experience difficulties by 2018 due to negative equity and spending a large chunk of income on servicing mortgages, according to a report commissioned by the Department for Social Development (DSD). Funding...

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12

Feb

Northern Ireland house prices to outstrip UK average, predicts Royal Institution of Chartered Survey

Posted on 12th February 2015  |   Add a comment

Northern Ireland house prices to outstrip UK average, predicts Royal Institution of Chartered Survey

House prices will rise faster in Northern Ireland than the UK average this year, industry experts have predicted. A 4% increase has just been forecast by the Royal Institution of Chartered Surveyors (RICS) as a result of a lack of available homes and an increase in the number of new buyer inquiries. RICS Northern Ireland spokesman Samuel Dickey said changes will become...

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