Keeping you up to date with the latest news and opinions from the NI property market

Showing all blog posts filed under Industry News

2

Mar

Which Northern Ireland village is one of UK's most desirable places to live, according to Sunday Tim

Posted on 2nd March 2015  |   Add a comment

A tiny village with a population of just over 2,000 has been listed as one of the best places in the UK to live. The small Co Antrim village is known throughout Ireland for its successful Shamrocks hurling and camogie teams. The Sunday Times said of Loughguile: "On the fringes of the impossibly scenic Glens of Antrim, and close to the Giant's...

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26

Feb

Mortgage approvals for first-time buying couples soar in Northern Ireland

Posted on 26th February 2015  |   Add a comment

Mortgage approvals for first-time buying couples soar in Northern Ireland

The number of people buying homes for the first time is at its highest level in almost 10 years in Northern Ireland, according to new figures. First-time buyers were advanced 7,500 loans in 2014, the highest level of borrowing in that bracket since 2006. It was an increase of 25% from 6,000 loans in 2013, and well over double first-time buyer activity...

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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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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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