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

Showing all blog posts filed under Industry News

17

Dec

Northern Ireland house prices lowest in UK

Posted on 17th December 2014  |   Add a comment

Northern Ireland house prices lowest in UK

Property values in Northern Ireland increased by 4.9% in the year to October - though the stratospheric growth elsewhere means the region still has the UK's lowest-price homes. The Office for National Statistics (ONS) data showed Northern Ireland joined Scotland with the joint lowest rate of house price growthfor the 12-month period. England was storming ahead with house price inflation of 10.8%,...

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10

Dec

Antrim mansion earmarked for huge golf resort sells for £5m-plus

Posted on 10th December 2014  |   Add a comment

Antrim mansion earmarked for huge golf resort sells for £5m-plus

A stately pile and surrounding lands in Co Antrim bought by the firm owned by medical millionaire Peter FitzGerald went for well over the £5m asking price, sources have revealed. It is thought that the sale is one of the largest private property sales made anywhere on the island of Ireland this year. And it was the single largest transaction in Northern...

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1

Dec

Hong Kong investors back Bangor property development

Posted on 1st December 2014  |   Add a comment

Hong Kong investors back Bangor property development

Money from Hong Kong has been secured to finance a new £3m apartment development in Bangor - ushering in an era of living for the busy commuter town more familiar to Belfast househunters. Urban Property Solutions has this week started construction of 27 apartments at Dufferin Avenue, just metres from the town's train station and convenient for commuters. Catherine Place will...

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1

Dec

Bidders snap up bargains as Northern Ireland properties go under hammer

Posted on 1st December 2014  |   Add a comment

Bidders snap up bargains as Northern Ireland properties go under hammer

A south Belfast apartment for £117,000 was one of the major bargains snapped up at a property auction yesterday. Hundreds of budding investors travelled from across Northern Ireland to the Holiday Inn on Ormeau Avenue in the city for a chance to buy more than 50 properties and sites going under the hammer. It was standing room only as bidding started on...

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26

Nov

£100,000: The house price gap between south and west Belfast

Posted on 26th November 2014  |   Add a comment

£100,000: The house price gap between south and west Belfast

There's more than a £100,000 price difference between the average house sale in south Belfast and west Belfast, a new quarterly report has revealed. Househunters can expect to pay in the region of £192,294 in the sought-after BT9 location in south Belfast, but just a few miles away in BT11, the average price drops to £87,622. The Craigavon/Armagh area was revealed as...

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19

Nov

Golden era for award-winning Ulster Property Sales

Posted on 19th November 2014  |   Add a comment

Golden era for award-winning Ulster Property Sales

A Northern Ireland estate agency chain won a Gold award at a recent national property awards’ ceremony in London where it took the top honour as Regional Agency of the Year. The Negotiator Awards 2014, which were held at the Hilton Hotel earlier this month, had a record number of entries for the competition which recognises the UK’s top estate agents. The...

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13

Nov

Property: House prices are up in Northern Ireland, but growth is slowing

Posted on 13th November 2014  |   Add a comment

Property: House prices are up in Northern Ireland, but growth is slowing

Northern Ireland's housing market is continuing to notch up the strongest price gains in the UK, property surveyors say. October saw prices increase here for the 17th month in a row, according to the latest Royal Institute of Chartered Surveyors and Ulster Bank Residential Market Survey of its members. However, the difference between those surveyors who say house prices have gone up...

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23

Oct

For sale: Northern Irish land once held by 'bad bank' Nama

Posted on 23rd October 2014  |   Add a comment

For sale: Northern Irish land once held by 'bad bank' Nama

Assets formerly held by the Republic's bad bank Nama are on the market in Northern Ireland in sales worth a potential £5m. Properties and land which were formerly owned by Kennedy Group in Portrush, which also owned the Ramada Hotel in the town, are among the first to be put on sale by new owners Cerberus. According to agents Lambert Smith Hampton,...

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13

Oct

US tycoon Tony Saliba seals Lough Erne Resort deal

Posted on 13th October 2014  |   Add a comment

US tycoon Tony Saliba seals Lough Erne Resort deal

A billionaire American business tycoon has completed a cut-price deal for the luxurious Lough Erne Resort. And the Enniskillen hotel's award-winning golf course is likely to ensure the new owner is a regular visitor due to his family's much-publicised love for the game. The five-star hotel enjoyed global exposure last year when it hosted the G8 leaders, including US president Barack Obama...

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9

Oct

Estate agent's plea for millionaire mansions - as property demand outstrips supply in Northern Irela

Posted on 9th October 2014  |   Add a comment

Estate agent's plea for millionaire mansions - as property demand outstrips supply in Northern Irela

It's a millionaire's market. Northern Ireland's recovering property market is being fuelled by an unexpected rush for houses worth more than £1m, according to a prominent estate agent. The Belfast-based Templeton Robinson estate agents says it has 12 would-be buyers just itching to invest up to £2m in their dream home – so much so they can't keep up. The affluent dozen...

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