Privacy Policy

The Online Estate Agent NI
Our website address is: http://onlineestateagentni.com

What is a cookie?
Cookies are small files that are collected on a user’s computer. They are designed to hold a certain amount of data / information specific to a particular client and website, and it can be accessed by either the web server or the client(s) computer. This allows the server to deliver a page that is tailored to a particular user, or the page itself can contain some script which is aware of the data / information in the cookie and therefore is able to carry information from one visit to the website.

What personal data we may collect from you and why we collect it?
When visitors select our website (onlineestateagentni.com) and select certain pages or leave comments and or choose to independently reach us we collect the data / information provided by yourself or yourselves, we may also collect data / information upon visitor’s IP address and the browser that a user may use, this informs our agents if there is a risk of spam that could be detected.

Media
If you send images to the website team members we will hold those images in order to provide a service, you should avoid uploading images that are embedded with location data (EXIF GPS) included as we may hold onto that information unless you yourself state otherwise. You can at any stage declare that you wish for the images / videos collected to be removed and we shall act as soon as possible.

Contact forms
Cookies
If you the user leaves a comment on our site via the ‘contact form’ you may opt-in to saving your name, email address and website in cookies. These are for your convenience and the reason is so that you will not have to repeat the process of filling in your details again and again when you leave another comment. These cookies will last for one year.

Embedded content from other websites
Any articles on this site may include embedded content such as videos, images, articles, etc. Embedded content from other websites behave in the same way as if the visitor has visited the other website.

These websites can possibly collect data about you, the use of cookies, embed additional third-party tracking, and or monitoring your interaction with that embedded content, including tracking your interaction with the embedded content that is if you have an account and are logged onto that website.

Analytics
How long we retain your data?
If you leave a comment via the ‘contact’ form and or contact the individual team members personally, then the comment and its metadata are stored indefinitely. This is so that we can recognise and improve any follow-up comments automatically instead of storing them in a moderation queue.

For any of the users that register on our website (if there is any), we also store the personal information they provide in their user profile. Website administrators can also see and edit that information if it is requested to by the user.

What rights you have over your data
If you have an account on this site (onlineestateagentni.com), and or you have left any comments that state any information relating to you or your business, you may request that we erase any or all personal data that we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Privacy Policy
This is the privacy policy that explains to users how Online Estate Agent NI uses and protects the information that you provide us (The Online Estate Agent NI) when you access and view the website.

The Online Estate Agent NI is solely committed to ensuring that your privacy is protected and secure. If we (The Online Estate Agent NI) request you (the client) for particular information in which you can be identified when you use this website, then you can be assured that we it would only be used in the accordance with this privacy statement.

The Online Estate Agent NI can and may change this policy from time to time when it comes to updating the website / pages of the site. Therefore you should check this page whenever you can if you notice changes to ensure that you are happy and content with any changes that have been made. This policy is currently effective from 23/05/18

What we may collect
When you (the visitor or client) send an email to The Online Estate Agent NI we may collect the following information such as:

Name and job title of the person who is requesting information or a service.
Contact information including email address so that we may be in contact to reply.
Other information that relates to what the visitor or client is requesting that we may need to hold on to.
Demographic information such as location, preferences and interests.
What do we do with the information that we gather?
We require this information so that we can build an understanding as to how we can meet your needs and providing you with an excellent service, and in specifically for the following reasons:

Internal record keeping.
We may use the information you provide to improve the products and services that we offer.
We may periodically send promotional emails about new special offers for a particular service and or other information that we believe, you might find interesting and useful by using the email address that you have provided to Online Estate Agent NI.
Also we may use the information that you provide Online Estate Agent NI to contact you for market research purposes. We may also contact you by email, phone, mail depending on which information you have given and well as agreed to be suitable for contact. We potentially may use the information that has been gathered to customise the website according to your interests so that we can appeal to more of your needs..
Security
Online Estate Agent NI are a committed team when it comes to ensuring that any of your information that you provide us is secure. In order to prevent and or stop any unauthorised access or disclosure, we have put in place a suitable procedures to safeguard and secure the information that we have collected online preventing any events from happening.

Bank of England Poised to Raise Interest Rates

The Bank of England is poised to raise interest rates above the level set since the aftermath of the financial crisis for the first time, despite a weakening outlook for the British economy and growing risks from Brexit.

Economists widely expect the Bank’s monetary policy committee (MPC) to lift the cost of borrowing above 0.5% on Thursday to reach 0.75%. Financial markets suggest a 91% chance of rates returning to levels unseen since March 2009, when Britain was in the grip of recession.

However, recent readings for the economy have painted a mixed picture for economic growth. Survey data on Wednesday showed factory output falling to the lowest levels for 16 months in July, amid fears over Brexit and trade wars.

On the eve of the interest-rate decision, the latest snapshot from IHS Markit and the Chartered Institute of Procurement and Supply showed weaker domestic activity for the manufacturing sector, which could suggest weaker growth lies ahead for the British economy.

However, inflation has remained stubbornly above the 2% target set for the Bank by the government, after having risen sharply straight after the EU referendum result.

Some rate setters on the MPC, including the Bank of England’s chief economist, Andy Haldane, also believe wage growth is just around the corner for workers, amid the lowest levels of unemployment since the mid 1970s, a factor that could help boost workers’ bargaining power for higher pay.

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Read more
The summer heatwave, royal wedding and England progressing to the semi-final of the World Cup helped boost the economy, triggering stronger retail sales in April and May before they unexpectedly fell back in June. The Office for National Statistics found that the warmer weather helped the economy rebound from a slowdown earlier this year after heavy snowfall from the “beast from the east”.

Having watched the economy grind to a halt in the cold weather as building cranes and diggers fell idle across the country, the Bank delayed raising interest rates in May above 0.5%, preferring to wait for better news.

Keeping them on hold again could test the Bank’s credibility after a series of speeches from MPC members suggesting that higher interest rates would be required if economic growth continued to recover.

Despite some stronger readings for the economy, some economists have warned the Bank against raising rates amid increasing uncertainty over Brexit, as Theresa May is faced with widening parliamentary divisions over her plans.

Writing in the Guardian last month, David Blanchflower, a former MPC member , said there was no basis for the MPC to raise rates amid the uncertainty.

Threadneedle Street has previously warned that lower interest rates could be required if the UK left the EU without a deal.

Mark Carney, the Bank’s governor, has said Brexit developments would have a significant influence on monetary policy. While the MPC has a mandate to steer inflation towards 2%, it also has the ability to deviate from this course to support the economy through difficult periods.

Some economists have argued the unemployment rate of 4.2% masks the precarious nature of work for many people, which could hold back wage growth as workers’ bargaining power remains subdued. The most recent official figures show wage growth dropped to the lowest level in six months in the three months to May.

While higher interest rates would add to financial pressure facing consumers, there are fewer people than in previous years who would immediately feel the difference from higher borrowing costs.

Nationwide said the share of outstanding mortgages on variable interest rates – which would lead to an increase in payments – has fallen to its lowest level on record, at around 35%, down from a peak of 70% in 2001.

Robert Gardner, chief economist at Nationwide, said: “While the impact for most borrowers is likely to be modest, it’s important to note that household budgets have been under pressure for some time because wages have not been rising as fast as the cost of living.”

Via: https://www.theguardian.com/business/2018/aug/02/bank-of-england-poised-to-raise-interest-rates

Interest rates set to rise above 0.5% for first time since 2009 as economy improves – but expert warns it could be tricky to hike them any further before Brexit

Britons could be in for higher borrowing costs as economists expect interest rates to go up next week.
Confidence the economy has rebounded after a blip in the first three months and that wages will improve in the coming months are major factors in the potential rise.

If the Bank of England’s nine policymakers do raise the base rate from 0.5 per cent to 0.75 per cent on Thursday, it would be the highest it has been since March 2009, when it was cut from one per cent to 0.5 per cent during the financial crisis.

The predictions come as doubt was cast on a possible hike earlier this month. That came after inflation held steady at 2.4 per cent, instead of rising to 2.6 per cent as economists expected.

However, it still looks more likely that policymakers will vote to raise interest rates by a small 0.25 per cent on 2 August, with recent data suggesting economic growth rebounded in the second quarter after a slowdown at the start of the year.

A survey of nine economists by website Finder.com shows all of them predict a base rate rise, mostly because they believe the economy has improved, inflation is set to go up and so are wages, despite having stagnated so far.

Wage growth (excluding bonuses) slowed to 2.7 per cent while the figure including bonuses remained stuck at 2.5 per cent in the three months to May, according to the latest figures by the Office of National Statistics.

However, the economy is predicted to have grown by 0.4 per cent in the second quarter, up from 0.2 per cent between January and March.

Read more: www.thisismoney.co.uk/money/news/article-6000007/Interest-rates-set-time-2009-economy-improves.html

Northern Ireland offers landlords the best yield

Data from Direct Line for Business has revealed that Northern Ireland offers landlords the best returns in the UK. This is 2% above the average yield for landlords in the UK, which currently stands at 3.6%.

With an annual return of 5.6%, the region offers landlords the highest return- followed by Scotland (5.3%) and the North East (5%).

The figures revealed Belfast ranked third in terms of offering the best returns for landlords with an annual rental yield of 6.4%- following behind Burnley (7.1%) and Glasgow (6.9%).

Business manager at Direct Line for Business, Christina Dimitrov, explained: “As the number of renters across the UK increases, so too has the number of private landlords, with more than five million privately-let properties currently in the UK.”

Via: https://content.propertynews.com/northern-ireland-offers-landlords-the-best-yield/

Northern Ireland ‘to see biggest UK house price growth’

Northern Ireland is predicted to see the strongest house price growth in the UK over the next four years, according to a forecast from PwC.

The financial services giant expects prices to increase by 4% by 2022, compared to an overall UK rate of 3.4%.
Northern Ireland experienced a steeper fall in house prices than other parts of the UK during the financial crisis.

Prices in the rest of the UK have passed pre-crisis peaks but in Northern Ireland they are still well below.
Even if prices do increase by the forecast rate, they will still be about 28% lower than the 2007 pre-recession average.

‘Better than expected’

The forecast also predicts the Northern Ireland economy will grow by just 0.8% in 2018, but should experience some improvement to 1.2% in 2019.

That is still well below the forecast UK average of 1.3% for 2018 and 1.6% in 2019.

“The NI property market continues to perform better than expected, with a positive balance between earnings and house prices,” said PwC Northern Ireland chairman and UK Head of Regions, Paul Terrington.

“However, prices still remain well below the peak level in 2007, and this gap is unlikely to close in the near future.

“We have also considered the effect of future interest rate rises, and believe that only around 11% of UK households would be immediately affected if rates increased.”

Via: https://www.bbc.co.uk/news/amp/uk-northern-ireland-44852642

House prices are rising at the slowest pace for five years – but homes still cost £10,500 MORE than a year ago

House price inflation has fallen to its lowest level in five years, but buyers will still find that the average home costs almost £10,500 more than a year ago.

The price of the average UK home rose 2 per cent in the year to June to a new record of £215,444, according to the Nationwide house price index.

But this masked a continuing slowdown, with house prices expected to rise just 1 per cent this year and struggling London property sales dragging on the market.

Britain’s biggest building society forecast a ‘subdued’ property market in the near future.

However, patches of the UK are doing better than others, with house prices in the Midlands up by more than 4 per cent annually, while London fell by 1.9 per cent.

Robert Gardner, Nationwide’s chief economist, said: ‘There are few signs of an imminent change. Surveyors continue to report subdued levels of new buyer enquiries, while the supply of properties on the market remains more of a trickle than a torrent.’

Figures show the cost of the average home is near record highs when compared to wages.

Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-5890967/Nationwide-house-prices-rise-slowest-pace-five-years.html

August interest rate rise moves step closer

he Bank of England has held interest rates but signalled an August rate rise is more likely than previously thought.

In a decisive move, Andrew Haldane, the Bank’s chief economist, joined two other Monetary Policy Committee members in voting to raise rates to 0.75%.

The nine-member MPC was split 6-3, with Bank governor Mark Carney leading the group who voted to hold rates at 0.5%.

The last time three people “dissented” from the overall view, in June 2017, rates rose the following November.

But economists believe that if the economy does show signs of picking up, an August rise is in play. Government borrowing figures published on Thursday boosted hopes among some economists that the economy may be gaining momentum.

The pound jumped by about a cent against the dollar following the Bank’s decision, climbing back above the $1.32 level, as the possibility of an August rate rise appeared to increase.

The MPC said that the poor economic growth figures of the first three months of a year was likely to prove “temporary” and that the speed of growth would pick up.

As economic momentum improves, fears over rising inflation grow and pressure increases for interest rates to rise.

The level of interest rates is the Bank’s main tool for controlling any increase in prices.

“A key assumption in the MPC’s May projections was that the dip in output growth in the first quarter would prove temporary, with momentum recovering in the second quarter,” the committee said.

“This judgement appears broadly on track.

“A number of indicators of household spending and sentiment have bounced back strongly from what appeared to be erratic weakness in Q1 [January to March], in part related to the adverse weather.

“Employment growth has remained solid.”

The MPC said prospects for global growth also remained strong, despite some weakness across Europe.

It is the first time Mr Haldane has “dissented” from the majority view on the MPC since he joined the Bank in 2014 and is significant given his role as the leading economic expert at the institution.

Before today’s decision the markets were split 50/50 on whether there would be a rate rise at the MPC’s next meeting in August.

After the news that Mr Haldane has joined those pressing for a rise – MPC members Ian McCafferty and Michael Saunders – it is likely the market expectation for a rate rise will strengthen.

Via: https://www-bbc-co-uk.cdn.ampproject.org/c/s/www.bbc.co.uk/news/amp/business-44562162

Property market to become ‘flooded’ as 380,000 landlords look to sell-up

Experts have predicted that the property market could be flooded by homes for first time buyers as 380,000 buy-to-let landlords are looking to offload their property in the next year.

A survey conducted by the National Landlords Association (NLA) said that around a fifth of the UK’s landlords were looking to sell, and that nearly half (45 per cent) of those selling would be offloading a flat or apartment.

The NLA explained that this flooding of the market would be good news for first time buyers and bad news for renters, as it may lead to a fall in the number of homes available to tenants.

Importantly, only seven per cent of landlords looking to get rid of a property said they intended to sell to other landlords, which will be welcome news for first-time buyers.

“These findings sound like positive news for potential new homeowners, but the reality is not everyone wants, or is in a position financially, to buy,” said Richard Lambert, NLA chief executive.

“In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent, or have no other option but to rent.”

Via: http://www.cityam.com/286067/property-market-become-flooded-380000-landlords-look-sell

Interest rate rise chances dim as inflation falls

The chances of an interest rate rise this year have receded after Consumer Price Inflation fell to 2.4% in April – its lowest level since March 2017.

The fall from 2.5% in March was partly due to the timing of Easter, which meant a seasonal rise in air fares was not included in April this year.

The pound fell about half a cent against the dollar after the figures were released before rising to $1.3368.

Analysts now question the prospect of any rate rises this year.

“Inflation falling for the third month in a row further dents any hopes of a late-summer rate rise from the Bank of England,” said Ben Brettell, senior economist at Hargreaves Lansdown.

Neil Jones at Mizuho Bank said: “It is starting to appear the weaker CPI is more structural and not just because of the bad weather. Brexit uncertainty continues to weigh and may indeed put the Bank on hold throughout the summer and beyond.”

However, Nikesh Sawjani, UK economist at Lloyds Bank commercial banking, disagreed.

“The impact of recent increases in oil prices and previously announced hikes in utility tariffs should ensure that inflation proves more ‘sticky’ than it has done so far this year,” he said.

“Against such a backdrop, and with the economy expected to recover in the second quarter, we expect the Bank of England to hike interest rates at its meeting in August.”

Mike Hardie of the Office for National Statistics said the fall in inflation was partially offset by the rise in fuel prices, which are now at their highest level for three-and-a-half years.

The average price of petrol has risen to 127.22p a litre and diesel to 129.96p following a rapid rise in the cost of oil.

The figures did show the effect of the new sugar tax on soft drinks and juices.

Read more: https://www-bbc-co-uk.cdn.ampproject.org/c/s/www.bbc.co.uk/news/amp/business-44221876

NI house prices on ‘gentle upward trend’ in 2018

House prices in Northern Ireland continued on a gentle upward trend in the first quarter of 2018.

Prices were 4.2% higher than in the same period in 2017.

They were also 0.3% higher when compared to the previous quarter.

The standardised average house price in the quarter was just over £130,000.

The figures are from the NI Residential Property Price Index, which analyses almost all sales, including cash deals.

All council districts saw prices rise year-on-year, ranging from 1% in Armagh, Banbridge and Craigavon to 7.8% in Mid Ulster.

NISRA, the official statistics agency, said the house price index is now 17.2% higher than in the first quarter of 2015, and 16.2% higher than in the first quarter of 2005.

However, prices are still far below what they were in the bubble years of 2007 and 2008.

Via: https://www-bbc-co-uk.cdn.ampproject.org/c/s/www.bbc.co.uk/news/amp/44223989