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

Showing all blog posts filed under Industry News

23

Jan

300,000 people buy their first home in biggest rise since 2007

Posted on 23rd January 2015  |   Add a comment

300,000 people buy their first home in biggest rise since 2007

More than 300,000 people took their first step on the property ladder in the UK last year, marking the highest number of first-time buyers seen since 2007, banks and building societies have reported. In total, an estimated £205.6bn worth of mortgages were handed out last year to all types of borrower, marking the largest amount lent since 2008, the Council of...

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15

Jan

House prices to increase faster than rest of UK, predict experts

Posted on 15th January 2015  |   Add a comment

House prices to increase faster than rest of UK, predict experts

The increase in house prices in Northern Ireland is expected to continue this year with experts saying values here will increase quicker than anywhere else in the UK. The price of a typical property is predicted to rise by 4% in 2015 - above the 3% average for England, Scotland and Wales, according to the latest RICS and Ulster Bank Residential...

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12

Jan

Pinkertons honoured At The ‘Oscars’ Of The Industry

Posted on 12th January 2015  |   Add a comment

Pinkertons honoured At The ‘Oscars’ Of The Industry

Pinkertons finished off 2014 in tremendous style by receiving the ultimate industry accolade, on Friday 5th December at the UK Estate Agency of The Year Awards in association with The Sunday Times and The Times, held at the lavish Lancaster Hotel in Kensington London. This award will accompany the two scooped by Pinkertons in June at the UK Letting Agency of...

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9

Jan

Rodgers & Browne acquire City Centre estate agency

Posted on 9th January 2015  |   Add a comment

Rodgers & Browne acquire City Centre estate agency

Rodgers & Browne Rentals & Management is delighted to confirm that it has acquired Lough & Quay Estate Agents, Belfast. The acquisition consists of their extensive rental and management portfolio based largely in Belfast City Centre and suburbs, and is the perfect compliment to the existing collection of residential properties currently let and managed by Rodgers & Browne. Michael Rodgers, Partner at...

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8

Jan

Commercial property sales making a return to form

Posted on 8th January 2015  |   Add a comment

Commercial property sales making a return to form

Up to £300m in investment property assets are on the verge of sale in Northern Ireland as the sector marked a return to form in 2014. According to agents Savills in Northern Ireland, there were £500m in investment property deals in the region in 2014 - a figure which does not include loan sales by banks to financial institutions. Notable investment deals...

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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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