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

Showing all blog posts filed under Industry News

20

Aug

Eight years since the collapse, house prices return to level of 2005

Posted on 20th August 2015  |   Add a comment

Eight years since the collapse, house prices return to level of 2005

Northern Ireland house prices have returned to 2005 levels, according to new official statistics. The latest Northern Ireland residential property price index published by Land and Property Services (LPS) reveals that since the start of the year prices have risen by 3% and they are up by 6% on last year. The average price of a home is £113,245. Stormont Finance Minister Arlene...

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19

Aug

Northern Ireland house prices up 9%, says ONS

Posted on 19th August 2015  |   Add a comment

Northern Ireland house prices up 9%, says ONS

House price growth picked up pace in June as surges in Northern Ireland and London offset the first fall in Scotland for nearly two years, according to official figures. The Office for National Statistics (ONS) said UK average house prices rose by 5.7% in the year to June to hit £277,000, up from a rise of 5.6% in the year to...

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16

Jul

LONG ESTABLISHED HOUSING FIRM FINDS NEW PARTNER FOR GROWTH

Posted on 16th July 2015  |   Add a comment

LONG ESTABLISHED HOUSING FIRM FINDS NEW PARTNER FOR GROWTH

Local housing specialists WJ Law Contracts Ltd have announced their new structure this week having teamed up with new equity partners. The equity partners have invested in the WJ Law ethos and customers focused housing and bring both capital and other skills into the mix. WJ Law Contracts have been behind many of Northern Ireland’s most highly regarded housing schemes since...

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9

Jul

Bank alert over steep rise in buy-to-let properties

Posted on 9th July 2015  |   Add a comment

Bank alert over steep rise in buy-to-let properties

The Bank of England is looking at ways to curb risks to financial stability that might be posed by the burgeoning buy-to-let market. Minutes of the Bank's Financial Policy Committee (FPC) meeting last month showed officials' concerns about the sector that accounted for 15% of outstanding mortgages and 20% of new home loan lending in the first quarter of this year. They...

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9

Jul

House prices in Northern Ireland forced up by lack of supply, say surveyors

Posted on 9th July 2015  |   Add a comment

House prices in Northern Ireland forced up by lack of supply, say surveyors

House prices in Northern Ireland are being pushed up by a limited supply of homes coming on the market, new figures indicate. Prices in the region are rising at one of the fastest rates across the UK, according to the latest market survey by the Royal Institute of Chartered Surveyors (RICS) and Ulster Bank. The rate is established by asking surveyors in...

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6

Jul

A decade in business for John Minnis Estate Agents

Posted on 6th July 2015  |   Add a comment

A decade in business for John Minnis Estate Agents

Leading Northern Ireland estate agency John Minnis Estate Agents is celebrating ten years in business this month. The company, which was founded in July 2005 in Holywood, now operates additional offices in Belfast and Donaghadee and has won numerous prestigious national awards for quality of service in both sales and residential lettings. Speaking at the recent Tall Ships celebration where the company...

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1

Jul

3D-printed Office Building Planned

Posted on 1st July 2015  |   Add a comment

3D-printed Office Building Planned

The United Arab Emirates says the Gulf commercial hub of Dubai will soon add the world's first office building made using three-dimensional printer technology to its collection of eye-catching buildings. Emirati minister of cabinet affairs Mohammed al-Gergawi said the project is part of a broader effort to embrace cutting-edge technology and make the Gulf state "a global hub for innovation and...

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30

Jun

Belfast office is to be 'incubator' for property agency

Posted on 30th June 2015  |   Add a comment

Belfast office is to be 'incubator' for property agency

The Belfast office of UK commercial property agency Lambert Smith Hampton will be an incubator for its graduate academy. Those selected for the two-year programme will spend their first six months in LSH's Belfast office. Professor Jim Berry from Ulster University was joined by LSH director Keith Shiells and Tom Mervyn of Queen's University View this and more articles on the Belfast...

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25

Jun

Global Crescent: £13m housing scheme with 127 homes launched in south Belfast

Posted on 25th June 2015  |   Add a comment

Global Crescent: £13m housing scheme with 127 homes launched in south Belfast

Global Crescent, a £13m ‘shared neighbourhood’ housing scheme with 127 homes, has been launched in south Belfast. Junior Minister Michelle McIlveen announced detailed plans for the Fold Housing Association development, which is close to the Ravenhill Road and Ormeau Road, with chief executive of Fold Housing Association John McLean. The first phase of the development of the rental homes will be complete...

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17

Jun

House prices surge by 9% in year but Northern Ireland property still UK's cheapest

Posted on 17th June 2015  |   Add a comment

House prices surge by 9% in year but Northern Ireland property still UK's cheapest

House prices in Northern Ireland have soared by almost 9% in the last year, although they are still only worth around half of their 2007 values, official figures have revealed. Data from the Office for National Statistics (ONS) indicated that house values remain 45.1% below their peak level eight years ago during the property boom. A surge of 8.8% in the year...

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