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

Showing all blog posts filed under Industry News

22

May

Apartment prices soar in Northern Ireland as the property market continues to improve

Posted on 22nd May 2015  |   Add a comment

Apartment prices soar in Northern Ireland as the property market continues to improve

The price of apartments in Northern Ireland is seeing double-digit growth as the housing market here continues to improve. Ulster University's house price index found the average price of a home in the province rose to £147,409 in the first quarter of 2015 - up 5.3% year-on-year. Meanwhile, house prices in Belfast fell to £148,654 in the first quarter of 2015 from...

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14

May

Tories may 'speed up' decline in negative equity rates

Posted on 14th May 2015  |   Add a comment

Tories may 'speed up' decline in negative equity rates

A recent decline in the number of homes in negative equity in Northern Ireland could speed up under the new Conservative Government, it has been claimed. Housing data group HML said the new Government could be seen as bringing stability to the economy- leading to an improvement UK-wide in negative equity figures. However, house prices in Northern Ireland have been recovering at...

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11

May

Hastings Hotels Group buys Belfast high-rise office block Windsor House

Posted on 11th May 2015  |   Add a comment

Hastings Hotels Group buys Belfast high-rise office block Windsor House

The landmark Windsor House office building in Belfast city centre has been sold to the Hastings Group. The building is the home of the Parades Commission and has featured on countless news bulletins. Hastings is one of Northing Ireland's leading hotel groups, owning and operating several high-profile hotels, including the nearby Europa Hotel, the five-star Culloden Estate and Spa, and the famous...

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5

May

Property investments rise as £58.6m spent so far in 2015

Posted on 5th May 2015  |   Add a comment

Property investments rise as £58.6m spent so far in 2015

Investors are parting with big bucks for property investments in Northern Ireland as the number of multi-million pound transactions pile up. In contrast, the first few months of 2014 were subdued as investors awaited the outcome of Nama plans to sell its Northern Ireland portfolio. According to property agents CBRE, there were nine investment transactions totalling around £58.6m during the first three...

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30

Apr

Number of 'at risk' homeowners looks set to quadruple

Posted on 30th April 2015  |   Add a comment

Number of 'at risk' homeowners looks set to quadruple

The number of the most financially vulnerable homeowners in Northern Ireland could "quadruple" in the next three years, it has been claimed. Those in the so-called "double trigger" category could be "tipped over the edge" by a rise in interest rates or welfare cuts, according to Ursula Toner of the Housing Rights Service. And the number of repossessions in Northern Ireland has increased 10-fold...

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30

Apr

Website gives Northern Ireland estate agents the Edge

Posted on 30th April 2015  |   Add a comment

Website gives Northern Ireland estate agents the Edge

Propertynews.com, Northern Ireland's leading property website, has launched Web Edge, a cloud-based office management software product for estate agents.Propertynews.com developed the product with partners GCD Technologies and said it was designed to automate resale management and tenant find process. Users will be able to access data anywhere they have an internet connection. A number of estate agents were involved in developing the...

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29

Apr

A new investment opportunity for landlords and property owners all over the world

Posted on 29th April 2015  |   Add a comment

A new investment opportunity for landlords and property owners all over the world

Quid Pro: a new investment opportunity for landlords and property owners all over the world Quid Pro is a Belfast-based property startup, founded in 2014 and growing rapidly ever since. It introduces a unique, new concept into the property sector; the idea of matching short-term guests with empty properties anywhere in the world. For a 10% administrative fee, Quid Pro will list...

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29

Apr

Quicklet shortlisted in 2015 Belfast Telegraph Northern Ireland Business Awards

Posted on 29th April 2015  |   Add a comment

Quicklet shortlisted in 2015 Belfast Telegraph Northern Ireland Business Awards

Quicklet are delighted to announce that they have been shortlisted in the Best Small/Medium Business category of the 2015 Belfast Telegraph Northern Ireland Business Awards in association with British Airways. The annual Awards are a high profile business awards programme which seeks to recognise the success of individuals and organisations, small and large, operating within the business sector, across Northern Ireland....

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28

Apr

John Minnis Estate Agents scoop 5 national awards and are named ‘Best Estate Agents in Northern Irel

Posted on 28th April 2015  |   Add a comment

John Minnis Estate Agents scoop 5 national awards and are named ‘Best Estate Agents in Northern Irel

John Minnis Estate Agents has scooped five awards at the highly coveted national awards, the ESTAs, and were crowned the ‘Best Local Lettings Agency in the UK’ and ‘Best Estate Agents in Northern Ireland’. The ten-year-old agency with 25 staff, received full recognition in ‘Best Estate Agents in Northern Ireland’ category, with all three offices winning awards. The Donaghadee office was also...

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15

Apr

£152k cost of average home after 14% surge

Posted on 15th April 2015  |   Add a comment

£152k cost of average home after 14% surge

House prices in Northern Ireland have experienced their strongest annual rate of growth in more than seven years, new official figures have revealed. A surge of 14.2% in February means the average local property is now priced at £152,000, according to the Government's Office for National Statistics (ONS). But despite the soaring growth - which is almost double the UK's 7.2% hike...

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