PROPERTY

Homebuyer Demand In NI Rises At Fastest Rate In Nearly Three Years

Demand from new buyers in Northern Ireland’s housing market rose at the fastest rate in nearly three years according to the latest RICS and Ulster Bank Residential Market Survey. It comes at a time when supply levels also continued to edge upwards. A net balance of 53% of Northern Ireland respondents reported that new buyer

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House Sales In NI rise At Fastest Rate In Over Three Years As Prices Continue To Move Upwards

House sales rose at the fastest rate since early 2021 according to the latest results of the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey, as house prices continued to edge upwards. A net balance of 65% of surveyors in Northern Ireland reported that newly agreed sales rose through the month

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Woven Hands Over First Phase Of £23.6m Housing Scheme In Strabane

One of Northern Ireland’s leading housing associations, Woven, has officially handed over 28 new homes to tenants as part of a £23.6m integrated housing development in Strabane. The high-quality apartments, family homes and accessible housing represent the first phase of Beechmount Village, an integrated urban village that exemplifies Woven’s vision of Homes Lives Communities, on

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Bradley NI Expands, Acquires Longstanding South Down Property Firm

One of Northern Ireland’s fastest growing commercial and residential property agencies has acquired one of the longest running property firms in south Down and established its fourth regional office. Bradley NI, owned and managed by chartered surveyor Garrett O’Hare, has acquired James Wilson & Son, the Newcastle-based property firm established over 100 years ago in

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Refuel And Recharge At The New £3m Centra Frosses Road

This new Centra store located on Frosses Road has created 25 new jobs.  Centra is bringing enhanced convenience to people travelling from the North Coast with the arrival of its highly anticipated brand-new store and petrol forecourt located outside Cloughmills on the A26, the main road between Coleraine and Ballymena. The bright and contemporary 3,400

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NI Homebuyer Enquiries Rise At Fastest Rate In Over Two Years

Homebuyer demand in Northern Ireland rose last month at the fastest rate since the end of 2021 according to the latest Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey.  A net balance of 48% of Northern Ireland respondents reported that new buyer enquiries had risen through the month of May. This

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House Prices Remain Stable As Consumer Confidence Continues To Rise Says Ulster University’s House Price Index

Northern Ireland’s housing market continues to remain stable entering into the first quarter of the year with evidence beginning to show consumer confidence increasing, according to the latest research from Ulster University. Findings from the latest Northern Ireland Quarterly House Price Index Report (NIQHPIR) published today [13 May] shows that pricing levels for Q1 2024

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Propertynews.com Signs Up 40 New Agents As Platform Continues Strong Growth

Propertynews.com, the locally-owned property portal, has signed up over 40 new estate agents to list their properties on its site since the beginning of this year, it reveals today. This continues very strong growth since its new owners acquired it two-and-a-half years ago. More than 400 agents in total now list their properties on Propertynews,

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Occupier And Investor Demand For Commercial Property In NI Continues To Fall, But The Outlook For Industrial Space Continues To Be Strong

The NI commercial property market remained subdued overall through the first quarter of the year according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor with challenges in the retail and office sector still apparent. However, the outlook for the industrial sector remains strong despite some easing back in current demand. Taking a look

Occupier And Investor Demand For Commercial Property In NI Continues To Fall, But The Outlook For Industrial Space Continues To Be Strong Read More »

Optimism Rises In NI Construction Sector As Housebuilding Activity Picks Up

Construction activity in Northern Ireland increased for the first time in two years, albeit at a modest rate, according to the latest Royal Institution of Chartered Surveyors (RICS) construction monitor for Q1 2024. A net balance of 4% of Northern Ireland respondents to the survey reported that overall construction workloads rose through the first quarter

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RICS Launches Consultation On The Valuation Of Pubs And Other Licensed Leisure Premises

The Royal Institution of Chartered Surveyors (RICS) has launched a consultation on the valuation of licensed premises, including public houses, bars, restaurants, and nightclubs. Property valuation, particularly for properties hosting active businesses, can be complex. RICS is committed to producing accurate professional standards that aid clarity for professionals and non-professionals alike. This consultation, initially delayed

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Glandore Expand Belfast Office Offering With New Sustainable Workspace

Family-owned flexible office space provider, Glandore, has announced the expansion of its second location in Belfast City Centre, as it sustainably renovates the ground and first floor of Arthur Place, making it the occupier of the entire building totalling 15,066 sq ft of workspace. Signalling the company’s confidence in the Belfast market, Glandore has commenced

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Rural business park announces phase three of major retail development

Clonoe Village Business Park to expand with Ulster Bank support. A business park in rural County Tyrone that has become a thriving hub for entrepreneurs and small business owners has announced plans for the development of its third phase as part of a six-figure investment supported by Ulster Bank. Plasterer-turned-property developer Patrick Hughes began the

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Communities Minister Raises The Property Value Limit For Co-Ownership

Department for Communities has announced an increase in the property value limit for applications to Co-Ownership from £190,000 to £195,000, in a move that will support more people into home ownership. Minister Lyons said, “As Minister with responsibility for housing, I am committed to helping more people and families as they seek to access home

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£42m Carrickfergus Regeneration Takes Leap Forward With McAdam Design Appointment

Plans to transform the historic town of Carrickfergus have taken a significant step forward with the appointment of leading design, architectural and engineering specialists McAdam Design to help deliver the £42m Belfast Region City Deal project. The initiative will regenerate, reposition, and rebrand Carrickfergus, firmly placing the town on the map as an authentic, heritage-led,

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AIB (NI) Cuts Fixed Mortgage Rates By Up To 0.90%

AIB (NI) is cutting interest rates across its 2 Year and 5 Year Fixed Mortgages, with reductions of up to 0.90%, supporting those aiming to get on the property ladder, investing in energy efficient properties and homeowners looking to move home, or lock in a new rate. On a 2 Year Fixed Rate, customers can benefit from a

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5 Ways To Add Value To Your Home

Homeowners renovating their house are being told that extra storage space and an open plan design could add value to their property. The interior experts at Online-Bedrooms.co.uk have shared five ways to add value to homes and make them more desirable. When renovating a home it’s important to consider design choices that will boost the overall valuation

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Choice Tenant Support Fund Gains Acclaim At UK Affordable Housing Awards

A fund which supported 2,000 social housing tenants dealing with financial hardship across Northern Ireland has been commended at this year’s UK Affordable Housing Awards. Choice Housing’s Tenant Support Fund allocated a total of £750,000 over a two-year period to support individuals and families by focusing on household and fuel payment support schemes. The UK

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NI Housing Outlook Improves For The Year Ahead As Mortgage Rate Cuts Continue

Northern Ireland’s housing market continues to outperform all other UK regions, and local surveyors are more optimistic about the year ahead than their counterparts across the water. That’s according to the latest Royal Institution of Chartered Surveyors (RICS) and Ulster Bank Residential Market Survey, which compares surveyors’ views on the housing market across the UK

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Lawlor Elected 35th President of Irish Planning Institute

The Irish Planning Institute (IPI), the all-island professional membership organisation for spatial planners, has elected Gavin Lawlor MIPI as its new President for 2024-2025. A Director at Tom Phillips + Associates, Gavin will lead 1,000 professional planners across Ireland, as the Institute celebrates its 50th anniversary in 2025. Brian McCarthy MIPI, Senior Planner with Clare County Council, has

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Farrans Awarded Contract For Inspired Villages £45m Phase 1 Sonning Common Retirement Community

Building and civil engineering contractor, Farrans Construction, has been appointed by Inspired Villages to begin construction of a £45m retirement community in Sonning Common, South Oxfordshire. Farrans’ first phase of works will include 73 high-quality, bespoke homes for over 65s and a state-of-the-art wellness suite within the village centre. The Sonning Common scheme, once delivered

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Great Expectations Project Aims To Restore Great Victoria Street

A determined regeneration effort is now underway to restore Southern Great Victoria Street and Shaftesbury Square. Partners Linen Quarter Business Improvement District (LQ BID), Belfast City Council and the Department for Communities have come together with the private sector to help revive the Golden Mile – once the city’s most bustling and vibrant stretch. Billed

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More Than 1/5 Of Homeowners Have Been The Victim Of A Rogue Trade Says Research

More Than 1/5 Of Homeowners Have Been The Victim Of A Rogue Trade Says Research A poll of 2,000 adults on the property ladder found people from Newcastle, London and Sheffield are most likely to have fallen victim to a tradesperson scam. However, 23% confessed they’re still likely to choose the cheapest tradesperson on offer

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Dublin Road Upgrade: Linen Quarter BID Unveils A Transformed Bankmore Square

Bankmore Square has officially reopened following a rejuvenation project delivered by Linen Quarter Business Improvement District (LQ BID) with support from the Department for Communities (DfC). Adjacent to Trademarket on Dublin Road, the square has been reimagined with a £95,000 investment and will be managed by LQ BID. The lease is currently in place until

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Ulster Bank Provides £20m Facility To Habinteg For New Social Housing

Habinteg Housing Association (Ulster) has secured an additional £20m funding facility from Ulster Bank to support its plans to deliver new homes across Belfast and the North West. With Ulster Bank support, the association has committed to further investment in a range of new social housing led projects across the North West and Belfast, including

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Antrim Housing Development with Convertible Garages And Sought-After Bungalows Gets Green Light

Simpson Developments has gone live on its Chichester Park housing scheme in Antrim town centre following planning approval. The development, which is made up of a selection of bungalows, semi detached and detached houses as well as apartments is unique in that it is one of few developments here to add the much sought-after bungalow

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‘Topping Out’ Ceremony Marks Major Progress Of New Vita Student Residence

Delegates from urban regeneration specialist Vita Group and developer MRP gathered to celebrate the official topping out of Vita Student’s latest residence, a significant milestone in the building’s construction. With the structure complete by Design & Build Contractor, McAleer & Rushe, interior work can be carried out at pace to ensure that the impressive new purpose-built student

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Property Panel To Take To The ‘Main Stage’ At Limelight

AIB has brought together a leading panel of property and industry experts to provide local homebuyers with top tips, insights and guidance as they get ready to purchase their first home. Hosted by Q Radio breakfast presenter Declan Wilson, AIB’s ‘Your Home’ event will take place at the Limelight, Belfast on Wednesday 26th April from 6pm.  Free to

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Sensible Things to Check Before Buying Your Dream Home

Buying your dream home is a big decision that requires careful consideration and due diligence on your part. While it’s easy to get caught up in the excitement of finding your perfect home, it’s important to take a step back and make sure that you’re making an informed decision.  That being the case let’s take

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County Antrim Cottages Awarded Four-Stars by Tourism NI

Limepark Cottages in Armoy, County Antrim, have been awarded four stars by Tourism NI.  Situated near Ballymoney the cottages are ideal for exploring the picturesque views of the north coast and beautiful Glens of Antrim. Each of the self-catering cottages has been refurbished in an individual style while retaining their original historic features. The cottages

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Time Is Running Out To Share Your Views On Proposed Cathedral Gardens Plans

Time is running out for people in the Cathedral Quarter to give their thoughts and views on major redevelopment plans for Belfast’s Cathedral Gardens. Ending on 23rd May, Belfast City Council are seeking your say on the ongoing plans for the transformation of Cathedral Gardens, also known as Buoys Park, into “a world class public

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Firmus Energy 37% Gas Increase in the Greater Belfast Network

Firmus energy announced on 5 April 2022 an increase of 37% effective from 3 May 2022 for gas customers in the Belfast area. This news will impact approximately 47,000 domestic customers in Belfast and means the annual gas bill of a typical household with a credit meter will rise by about £330 per year. Those

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New Property Information Hub Set To Launch In Northern Ireland

A new platform for businesses in the property sector is set to launch at the end of this year.  Northern Ireland’s first online resource of its kind, the NI Property Hub, will help bring business together under one roof to showcase the products and services they supply to the property sector. Founders Heather Macartney and

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Over A Third Of First-Time Buyers Struggle To Raise Funds To Get On Property Ladder

New CreditLadder and Equifax research finds that new 5% deposit scheme could be the key to the door for 33% of first-time buyers. As the average first-time buyers’ deposit[1] reaches nearly £59,000, £12,000 more than a year ago, new research[2] conducted by CreditLadder and Equifax found lack of savings for a deposit is preventing over a third

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Renting & Housemates: What Are Your Biggest Gripes?

Leaving lights on, putting recycling in general waste, and leaving clothes in the washing machine are among the biggest gripes for the UK’s rental households, research has revealed. A survey of 2,000 private renters found they have an average of two fallings out per week with those they live with. These issues have been intensified

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NI Takeaway Association Calls For End To 11pm Delivery Restriction

The Northern Ireland Takeaway Association today (October 21) warned that the sector is facing devastation unless current restrictions preventing deliveries after 11pm are ended immediately. Under the recent legislative restrictions delivery services must end by 11pm, resulting in losses, redundancies and potentially businesses being forced to close permanently. A survey of members revealed that thousands

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Property Prices In Northern Ireland Are Above Average With Royal Title

You may or may not be a fan of the Royal family, but if you live in a street with the name of a member of the House of Windsor you could see the value of your property well above average in Northern Ireland. According to research by OnlineMortgageAdvisor.co.uk those living on royal-related streets have

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