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

Showing all blog posts filed under Industry News

12

Sep

600 new homes proposed for Co. Antrim as part of £100m investment

Posted on 12th September 2017  |   Add a comment

600 new homes proposed for Co. Antrim as part of £100m investment

Approximately 600 new homes are to be constructed in Co. Antrim as part of a £100m scheme. Belfast based company, Nuport Developments, are proposing two new developments in Larne. These will be located on the Ballyboley Road and the Ballyhampton Road. Public consultations on the plans for both schemes are due to take place on September 14th and 15th

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11

Sep

Belfast's Scottish Mutual Building to become George Best Hotel

Posted on 11th September 2017  |   Add a comment

Belfast's Scottish Mutual Building to become George Best Hotel

Plans for the much-anticipated George Best Hotel have been revealed. Located in Donegall Square South in Belfast City Centre, The Scottish Mutual building was bought by Liverpool developers Signature Living Group and will contain around 80 bedrooms. Family and friends of the renowned football played George Best have presented the development group with iconic memorabilia items.

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5

Sep

A fixer-upper house with a £15k price tag

Posted on 5th September 2017  |   Add a comment

A fixer-upper house with a £15k price tag

A terraced property in Lurgan, Co. Armagh, is on the market for only £15,000, so it is no surprise that this house is attracting a large amount of interest according to the estate agent selling this house. The property at Victoria Street is in need of renovation and repair yet, the estate agents believe there is a strong investment opportunity for...

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25

Aug

Have you ever wanted to own a nuclear bunker?

Posted on 25th August 2017  |   Add a comment

Have you ever wanted to own a nuclear bunker?

With political and economic uncertainty surrounding the globe, many would think a nuclear bunker would be a useful – but costly – purchase. There is no such thing as being too careful and this bunker in Ballymena is still on the market with an asking price of £575k. This bunker became operational in 1990 and was constructed to fit over 200...

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23

Aug

Property prices rising - how much will a Northern Ireland home cost you?

Posted on 23rd August 2017  |   Add a comment

Property prices rising - how much will a Northern Ireland home cost you?

Despite the political and economic uncertainty – both at UK and Northern Ireland level – there are signs that investment yields are continuing to harden in Northern Ireland indicating that demand has been increasing property prices. Official figures highlight that house prices in Northern Ireland have increased 3.1% in three months.

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16

Aug

Rise in residential property prices in Northern Ireland

Posted on 16th August 2017  |   Add a comment

Rise in residential property prices in Northern Ireland

Northern Ireland residential property prices are on the rise, according to the latest House Price Index report from Land & Property Services, assisted by NI Statistics & Research Agency for Quarter 2 2017. Measuring the change in the price of residential property sold in NI, the index uses stamp duty information recorded by HMRC to conclude its findings. 

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14

Aug

Property developers set for multi-million pound office schemes

Posted on 14th August 2017  |   Add a comment

Property developers set for multi-million pound office schemes

Two popular Northern Ireland property developers look set to go ahead with the refurbishment of multi-million pound office buildings in Belfast’s city centre. The Merchant Square project, which is undergoing development by Gareth Graham’s firm Oakland, will see Oyster House endure a number of renovations and extensions worth £20m.

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11

Aug

Property purchasing figures at highest peak in a decade

Posted on 11th August 2017  |   Add a comment

Property purchasing figures at highest peak in a decade

New figures have revealed a 3.7% decline in residential house prices in Northern Ireland over the last twelve months, dropping to £148,499 in the second quarter of the year. These figures contrast with the 11.6% increase in house prices south of the border.

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9

Aug

Bellway reports rise in residential property sales

Posted on 9th August 2017  |   Add a comment

Bellway reports rise in residential property sales

Housebuilder Bellway believed the residential property market remained "robust" last year as it described a healthy rise in sales, regardless of the uncertain economic conditions. The Newcastle-based group stated that housing revenue is expected to rise over 13% to £2.5 billion in the year ended July 31.

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24

Jul

Belfast house prices predicted to increase 4.3% to an average of £130,600

Posted on 24th July 2017  |   Add a comment

Belfast house prices predicted to increase 4.3% to an average of £130,600

According to a new report, house prices in Belfast are forecast to increase by over 4% this year. Growth across major cities in the UK is predicted to be stronger this year than first thought, according to one index. Property analysts, Hometrack, believe values across 20 of the largest cities in the UK are set to rise by 6% to 7% throughout...

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