Summer Newsletter 2015 House Sales are up! Northern Irish Residential House Prices increased by...
Summer Newsletter 2015
House Sales are up!
Northern Irish Residential House Prices increased by 6% between Q1 2014 and Q1 2015 (NISRA) . NI house price levels are now similar in 2015 to what they were in 2005. Notably, we have noticed a rise in the number of houses sold. In 2014 there were over 20,000 house sold with just over 16,000 sales in 2013. This is a sign that confidence is improving in the property market coupled with competitive mortgage products, and low interest rates. More and more buyers are securing properties at affordable prices.
Lisburn is the number one place to live
Lisburn has been named the top place to live in Northern Ireland. Lisburn has the lowest rates, the lowest unemployment, the highest earnings and the highest life expectancy in Northern Ireland. The analysis, carried out by Detail Data, examined a range of social and economic indicators, revealing wide differences across areas including education, health and employment.
New signs on Bow Street
You can now sell property with an award winning estate agency in a prominent Bow Street location. Last year we scooped the Gold Negotiator Awards. As our new signage reveals we offer the complete property service to satisfy all of your needs. Our combined knowledge and experience in both the lettings and sales sector will provide the best service when it comes to advising vendors, buyers and landlords.
Sell your property and get the best
Belvoir Lisburn’s expert local knowledge can help you achieve the maximum market value. We know that each seller's needs are unique – that’s why we offer tailored and strategic property sale solutions to offer you peace of mind. Our honest, professional and experienced staff will guide you through the process—from a market appraisal through to exchange and completion. Contact our sales team for a free valuation and we can take you step by step throughout the entire sales process!
Belvoir’s Award Winning Run!
World champion marathon runner, Paula Radcliffe, MBE has presented local property lettings specialist, Belvoir, with another long running Gold medal of its own – following its record sprint in the industry’s top award scheme. The nationwide Belvoir franchise, which operates its multi award winning property management service from Bow Street in Lisburn was named ‘Best Franchise Lettings Agency of 2015’ – for the fourth year running – in the UK’s Letting Agency of the Year Awards. It also scooped the same award in 2010, making it a five times winner overall.
Choose an Agent - Or go it alone?
Public interest in buy to let property investment has never been higher. Tumbling mortgage rates, a shortage of housing stock and increased tenant demand, all boosted by the recent liberation of some people’s pensions savings, are continuing to tempt more and more investors into the sector as a way of protecting their financial future.
According to the Council of Mortgage Lenders, private residential buy to let mortgage funding has increased by 11 per cent year on year with nearly 16,000 loans, representing £2.2 billion, issued at the start of 2015.
However, Belvoir, one of the UK’s largest property letting and management specialists, says that new landlords should take a long look before they leap into this booming market – and fully consider the pro’s and cons of either ‘going it alone’, or employing an agent to advise on what can be a daunting process for novice investors.
Dorian Gonsalves, Commercial Director of Belvoir’s national network of over 160 offices, says: “Deciding to manage a property yourself, or paying for an agent to do it on your behalf is a big decision. “Even after taking all the essential first steps, such as researching the local market, identifying the right kind of property, checking its condition, its likely appeal to a particular tenant group and its potential yield or ‘return’ on investment, there is still a lot to consider.”
Mr Gonsalves explains that, “Landlords need to carefully assess their available time, skills and abilities, so as to ensure the safeguarding of a property and the people who will live in it, and importantly, make the whole process as stress free as possible.” Renting out a property for the first time can feel daunting because of the amount of legislation, health and safety considerations and overall commitment to the on-going maintenance and security of your investment.
Professional agents, recognised and accredited by the UK’s industry bodies, not only have in place a wide range of client protection mechanisms, but a thorough understanding of your local market, technical knowledge of the sector and up to date information on trends and statistics to help you make informed decisions.
Fees charged reflect the depth of knowledge, expertise and up to date training required to keep on top of a constantly changing property landscape. When considering the cost of employing an agent you should always be aware of the cost of NOT employing one should things start to go wrong.