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

Showing all blog posts filed under Industry News

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...

Read more
house icon

1

Apr

Scottish Mutual hotel: Architect is appointed to Belfast hotel despite gap in funding

Posted on 1st April 2015  |   Add a comment

Scottish Mutual hotel: Architect is appointed to Belfast hotel despite gap in funding

Architects and a number of other firms have been appointed to turn the six-storey Scottish Mutual building in Belfast into a boutique hotel as its owners fight to plug a funding shortfall caused by government cuts. It's understood Dublin-based architects Douglas Wallace have now been appointed to oversee design of the project. And a number of others firms, including mechanical engineers and...

Read more
house icon

27

Mar

Northern Ireland tops UK's most affordable homes list

Posted on 27th March 2015  |   Add a comment

Northern Ireland tops UK's most affordable homes list

Four of the top 10 most affordable UK cities for buying a home are in Northern Ireland, a report has found. Across the UK, Lloyds Bank found the cost of a typical home in a city is at its most unaffordable level since 2009 as buyers face stretching their wages further to keep up with rising property prices. A city home now...

Read more
house icon

27

Mar

Increase in Northern Ireland planning applications a sign economy is on the up

Posted on 27th March 2015  |   Add a comment

Increase in Northern Ireland planning applications a sign economy is on the up

The number of planning applications being submitted in Northern Ireland has increased 14% year-on-year, according to latest figures. The Department of Environment (DoE) claimed 93% of planning applications were approved in the third quarter of 2014, down from 94% on last year. It received 3,305 applications between July and September last year, up from 2,893 during the period in 2013. There were...

Read more
house icon

24

Mar

Northern Ireland's most desirable location is Craigavon

Posted on 24th March 2015  |   Add a comment

Northern Ireland's most desirable location is Craigavon

It may come as a surprise to some, but maybe not to its natives - Northern Ireland's most desirable location is Craigavon. The Co Armagh town has been named as having Northern Ireland's most desirable postcode in a UK-wide survey by Royal Mail. Known for its roundabouts, leafy cycle paths and welter of housing estates, the 1960s new town may be an...

Read more
house icon

18

Mar

Business Rates – Some Winners But More Losers Across The Province

Posted on 18th March 2015  |   Add a comment

Business Rates – Some Winners But More Losers Across The Province

Thousands of businesses across the Province were counting the cost this week after the new regional and district rates were announced that affect the future calculation of business rates charges. The regional rate has been set at 31.86p in the pound for the period up to 31 March 2016.  This was set by the Rates (Regional Rates) Orders (Northern Ireland) 2015...

Read more
house icon

11

Mar

Belfast's big building firms Lagan Construction Group and H&J Martin set to 'finalise merger'

Posted on 11th March 2015  |   Add a comment

Belfast's big building firms Lagan Construction Group and H&J Martin set to 'finalise merger'

Two of Northern Ireland's biggest construction firms are soon set to finalise a merger following weeks of talks, it is understood. Lagan Construction Group and H&J Martin revealed back in December that they had entered into talks about a potential merger. But it's now understood the Belfast firms are in the closing stages of reaching a deal. Economist John Simpson said the expected...

Read more
house icon

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...

Read more
house icon

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...

Read more
house icon

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”,...

Read more
house icon

Follow

Search

Categories

Archive

Subscribe

Part of the Independent News and Media group