ulster uni

ULSTER UNIVERSITY RESEARCH REVEALS INCREASE IN NORTHERN IRELAND HOUSE PRICES

The overall average house price in Northern Ireland has significantly increased over the year, yet only marginally increased over the quarter, according to Ulster University’s latest Quarterly House Price Index report. Ulster University’s research is produced in partnership with the ...
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Property hot-spots

LISBURN AND CASTLEREAGH REVEALED AS PROPERTY HOTSPOT

The Lisburn & Castlereagh district has been revealed as Northern Ireland’s top property investment hotspot, with house prices in the area predicted to rise by 16% over the next five years. This is according to research from the newly-released Barclays ...
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first time buyer

AVERAGE AGE OF UK FIRST TIME BUYERS DROPS FROM 1990 LEVELS

One of the largest criticisms of the sharp rises in UK house prices is that it has put home-ownership beyond the reach of younger would-be buyers. The Government keeps an eye on age First Time Buyers. At first inspection, these ...
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adding space & value

HOW TO ADD SPACE AND VALUE TO YOUR HOME

Selling your home quickly and for the right amount is about giving your property the edge over others. Online Estate Agent NI looks at ways of breathing life into your home. Major conversion projects, such as excavating basements or building conservatories, ...
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house price rises

HOUSE PRICES WILL RISE £52,000 BY 2021, ECONOMISTS PREDICT

House prices will leap more than £50,000 higher on average by 2021 despite Brexit uncertainty, economists predict. The average UK house price across the whole of 2017 will be £220,000, marking a £9,000 increase compared with 2016, according to the ...
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lowest mortgage rates

YORKSHIRE BUILDING SOCIETY LAUNCHES RECORD LOW 0.89% MORTGAGE RATE

Britain’s lowest-ever mortgage rate has been launched, priced at 0.89% for two years. There were predictions a few months ago that the era of record-low mortgages may be coming to an end, but the new move by the Yorkshire Building ...
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buy to let tax

1 IN 5 LANDLORDS STILL CONFUSED ABOUT BUY TO LET TAX RELIEF CHANGES

With the long-awaited changes to mortgage interest rate relief coming into force last week, propertyreporter.co.uk has revealed that almost 20% of landlords questioned are unaware, or only vaguely aware, of the increase in tax that they will now have to ...
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buyer enquiries rising

NEW BUYER ENQUIRIES ROSE AT THE STRONGEST RATE IN 6 MONTHS LAST MONTH ACCORDING TO LOCAL SURVEYORS

Bucking the trend across the UK as a whole Northern Ireland house-hunters came out in force in what is perceived to be a good value market, according to the latest RICS (Royal Institution of Chartered Surveyors) and Ulster Bank Residential ...
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article 50 triggered

ARTICLE 50 HAS BEEN TRIGGERED. HOW WILL IT IMPACT THE HOUSING MARKET?

Some might characterise the serving of article 50 as a bit of Russian Roulette – when the trigger is pulled everything could be absolutely fine – but it could also be a bit messy. The point is we won’t know ...
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mortgage set to rise

MORTGAGE RATES SET TO RISE THIS YEAR AS US RATE HIKES PUSH UP BORROWING COSTS FOR BRITISH LENDERS

Mortgage rates are likely to edge upwards later in 2017 and into next year - even if the Bank of England keeps Britain's base rate on hold, brokers have warned. The Bank's monetary policy committee voted by a majority of ...
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Ni rates bill face delay

NI RATES BILLS FACE DELAY DUE TO POLITICAL CRISIS

Contingency plans are being drawn up for this year's rates bills in Northern Ireland, with the collection of £1.2bn in revenue facing a delay caused by the political crisis. It is likely more than 500,000 household and business bills will ...
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Spring budget

SPRING BUDGET: NO NEW PROPERTY TAXES – BUT LANDLORDS MAY STILL BE HIT

Chancellor Phillip Hammond has introduced no new property taxes in his Spring Budget - but a clampdown on those setting up companies to minimise tax burdens may ultimately lead to additional controls on landlords. There was no explicit reference to ...
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average house prices

AVERAGE NORTHERN IRELAND HOUSE PRICE HITS £125K, BUT WEAK SUPPLY HITS SALES

Northern Ireland's average house price increased by 5.7% in the last year to £125,000, latest figures have shown. But the UK house price index revealed a decline in the number of house sales here - down nearly 18% during the ...
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mortgage lending

JANUARY MORTGAGE LENDING AT HIGHEST LEVEL IN NINE YEARS

Mortgage lending reached an estimated £18.9bn in January, according to the Council of Mortgage Lenders (CML). This is 6% lower than December’s lending total of £20bn, but 2% higher than the £18.6bn lent in January last year. And it’s the ...
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repossession rates low

HOME REPOSSESSIONS ‘LOWEST SINCE 1982’

Fewer homes were repossessed last year than in any year since 1982. A total of 7,700 UK homes were repossessed last year compared with 10,200 in 2015, figures from the Council of Mortgage Lenders (CML) show. Homes are seized in ...
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buy to let Tax crackdown

BUY-TO-LET TAX CRACKDOWN BRANDED A ‘TERRIBLE TAX CHANGE’ THAT WILL DRIVE LANDLORDS TO HIKE RENTS

Government plans to strip buy-to-let landlords of mortgage interest tax relief have been branded 'terrible' by former Bank of England economist David Miles. From April, landlords will start to lose the right to claim back their mortgage interest costs at ...
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market survey presents huge challenge

SHORTAGE OF SUPPLY IN BOTH THE LETTINGS AND SALES SEGMENTS CONTINUE TO PRESENT A HUGE CHALLENGE FOR THE MARKET, ACCORDING TO THE JANUARY 2017 RICS UK RESIDENTIAL MARKET SURVEY.

Survey in brief: - UK house sales still lack momentum in January. - Prices and rents continue to rise; shortage of stock is a key factor. - Buy-to-let investment anticipated to decline given current policy landscape. Lettings market Landlord instructions ...
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Belfast construction

CONSTRUCTION IN BELFAST AT HIGHEST LEVEL IN ALMOST A DECADE SAYS NEW REPORT

Construction in Belfast is at its highest level in almost a decade, according to a new report. 11 new development schemes were completed in the city last year, including two hotels. A further six hotels are currently under construction, set ...
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December sales

HIGHEST NUMBER OF DECEMBER SALES TO FIRST TIME BUYERS SINCE 2001 SAYS NAEA

The National Association of Estate Agents (NAEA) have released their Monthly UK Housing Market report for December 2016. In the report they state: Number of prospective buyers registered per branch last month was the highest in 13 years for the ...
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2017 house rates stable

ANNUAL RATE OF HOUSE PRICE GROWTH REMAINS BROADLY STABLE AT START 2017 SAYS NATIONWIDE

Nationwide House Price Index (HPI) released today headlines ‘Steady start to the year for UK house price growth’ Annual house price growth is broadly stable at 4.3%, slightly down from last month (Dec 2016) at 4.5%, there was a 0.2% ...
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house price increase 3%

NORTHERN IRELAND HOUSE PRICES TO INCREASE BY 3% IN 2017

House prices in the UK will see an average increase of 3% over the course of next year as the number of transactions stabilises, according to the RICS housing forecast for 2017. Forecast in brief: - Transactions set to stabilise ...
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save money when selling

ONLINE ESTATE AGENTS NORTHERN IRELAND: HOW TO SAVE £4,621.85 WHEN SELLING YOUR HOME

An incredible 95% of people are wasting thousands of pounds when they sell their house. This is everything you need to know to dodge those fees yourself. Using a traditional estate agent means throwing away enough money to pay for ...
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home buyers service

FREE HOME BUYERS SERVICE

We are now offering a free property finder service. If there is a certain Street, Development or Area you are keen to purchase in but they don't come onto the market that often, we will actively canvass these areas for ...
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sell fast

HOW TO SELL MY HOUSE FAST

It is well known that selling your home doesn’t always happen as quickly as you would like. The to-do list is often as long as your arm and getting started is just half the battle. But don’t despair, there are ...
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home buyers struggle

HOMEBUYERS RETURN TO MARKET BUT STRUGGLE TO FIND SUITABLE PROPERTIES, SAYS RICS

House hunters are returning to the market after the Brexit vote but are struggling to find suitable homes, which means prices are going up in all parts of the country apart from central London, according to surveyors The number of ...
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special offer

SPECIAL OFFER ON TENANT FINDER SERVICE

For the months of November & December Let your property for just £150 (no VAT to pay). Payable only when we find you a suitable tenant. This includes property pal advertisement with expert photographs, accompanied viewings (if required), background and ...
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sellers need to know

8 THINGS EVERY SELLER NEEDS TO KNOW BEFORE PUTTING THEIR HOME ON THE MARKET

Selling a home is not something to go into lightly. No matter what your reason for selling, it’s vital to get the maximum return on the investment you made on your property. Here are eight things you must know before ...
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pricing your property

HOW TO PRICE YOUR PROPERTY

Whether you are looking to sell or merely gripped by curiosity, the price your property commands is of interest. Your home is likely to be your most expensive asset and it’s something you invest a lot of time and effort ...
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house sales by 2020

BY 2020 AS MUCH AS 50% OF HOUSE SALES COULD BE DONE VIA ONLINE ESTATE AGENTS

You don't need to walk far through the suburban streets these days to notice signs of a significant shift-change in the way we sell our homes. Increasingly the For Sale signs adorning properties up and down the city are not ...
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mortgage surge since brexit

CRISIS? – WHAT CRISIS? SURGE IN MORTGAGES IN 100 DAYS SINCE BREXIT

Research from the consumer organisation Which? suggests that the number of mortgages on the market has increased by 13 per cent in the 100 days since the EU referendum result was announced on June 24. At the end of September ...
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house preparation for photographs

HOW TO PREPARE YOUR HOME FOR ESTATE AGENT PHOTOGRAPHS

It’s true. A photo speaks a thousand words. Great photos attract buyers. Poor photos can actually put them off.  At Online Estate Agent NI we believe in crystal clear photography that shows off the whole room. Here are our some ...
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tips for selling

TOP TIPS FOR SELLING YOUR PROPERTY

Selling your property can be a stressful time, but it doesn’t have to be if you follow our top tips for vendors. CURB APPEAL First impressions count. The majority of potential purchasers will decide whether or not to arrange viewings ...
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viewing properties

THINGS NOT TO FORGET WHEN VIEWING A PROPERTY

Would you spend just 20 minutes viewing a property that is going to be your home for many years? Some buyers do – and live to regret it. Don’t remember the things you should have looked for after you have ...
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saving with online estate agents?

COULD AN ONLINE ESTATE AGENT SAVE YOU A FORTUNE?

Rocketing property prices are pushing thousands of homeowners to sell through cheap online estate agents. Traditional High Street agents charge sellers a percentage of the sale price of their property — so the more your home is worth, the higher ...
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Average house price rises to £211,671 as property market growth continues

HOUSE prices are predicted to grow by around 2 per cent across 2017, according to a report showing that property values continued to head upwards in July. Across the UK, the average house price reached £211,671 in July - a ...
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Belfast ‘built-to-rent’ apartment block announced

A developer has announced plans for Belfast's first large scale "build-to-rent" housing scheme. It is a model where flats are built purely for private rent, with the building owned by a large investor. It has been encouraged by the UK ...
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House survey shows prices in North are holding up

Domestic uncertainty not affecting North’s house prices as those in rest of UK fall! Political uncertainty stifled house price growth across the UK last month but Northern Ireland proved to be the exception, according to a new survey, which shows ...
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Property Ladder – Rush to downsize

Estate agents are reporting a surge in inquiries from customers wanting to downsize to raise cash but warn that unrealistic sellers are struggling to find homes, a new survey has found. The research by equity release referral service by Key ...
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Northern Ireland mortgage sales plummet by almost 20 per cent in July

MORTGAGE sales in the north fell by almost 20 per cent in July on the previous according to new market figures. Data from analytics firm Equifax Touchstone shows a 18.5 per cent in mortgage sales last month in comparison to ...
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NI house sales survey suggest ‘mixed picture’ in market

House sales in Northern Ireland during the three-month period from April to June were at the highest level recorded since the 2007 property crash. However, the average price is slightly down, falling by 1.1% over the quarter. The figures were ...
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Buy To Let Lenders Crack Down On Landlords Once Again

Landlords could soon face an administrative nightmare to get a buy-to-let mortgage as new regulations are set to come into force. The new buy-to-let rules from the Bank of England will apply from October 1 and will demand a tougher ...
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Mortgage warning: Repayments set to JUMP as rates forecast to rise above THREE per cent

MORTGAGE bills are set to jump and house prices will be hit as rates rise over the next two years, a top economist group has warned. The typical mortgage rate will rise above three per cent by the end of ...
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More in landlords’ pockets as average rents rise in August

VERAGE rents in Northern Ireland rose faster than any other UK region apart from the south west of England during August, according to the latest industry data from HomeLet Rental. The 3.7 per cent spike in the north in August ...
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First-time buyers thwarted by stagnant market

Homeowners' reluctance to move house is having an impact on first-time buyers hoping to step onto the property ladder, reports Lloyds Bank. What’s the latest? Potential first-time buyers are being thwarted by a fall in homemovers as existing owners struggle ...
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