Property Pal's Northern Ireland Property News

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Lough Erne Golf Resort

November 13th, 2008

The Lough Erne Golf Resort has been officially awarded 5 Star status by the AA.  This is the first of its kind in Northern Ireland.
Barry Torrens of Fletcher Torrens Estate Agents, Portrush, would like to present to you a unique opportunity to live the dream on this exclusive resort.  They offer for sale a luxury [...]

Mortgage reshuffle

November 12th, 2008

Many of the UK’s major mortgage lenders have been reacting to the recent 1.5% Bank of England rate cut.  With rates now at there lowest for 53 years and recent confirmation from the Bank of England that they are prepared to cut rates to zero to save the economy, lenders have been withdrawing and relaunching [...]

3% - Lowest in 53 Years

November 6th, 2008

Bank executives have today been summoned to Downing Street to meet with Chancellor Alistair Darling where he has set clear expectations that they pass on the recent 1.5% rate cut to their customers.
The ‘big four’ banks in Northern Ireland were quick to follow with rate cuts following yesterdays Bank of England announcement, however many mainland [...]

Good news! Signs that Market is picking up

November 6th, 2008

We have had a number of reports from Estate Agents over recent weeks that activity in the property market is picking up.
Agents have reported increased interest, Derek McAleese from DMC Properties and Mortgages in Limavady has observed an increase in viewings, offers and sales.  Derek is delighted at the announcement from the Co-Ownership scheme, albeit [...]

Unemployment and the housing sector

November 5th, 2008

The fallout of the economic downturn is in the news on a daily basis.  The effects on house prices have been publicised for some time, however more recently the knock on effects have been hitting the headlines.  Estate Agents have been making redundancies, closing offices, trades have been hit hard, electricians, plumbers etc have all [...]

Safe as houses - Your risk of flooding!

November 4th, 2008

The Minister for Agriculture and Rural Development, Michelle Gildernew and Environment Minister Sammy Wilson have launched a strategic Flood Map for Northern Ireland.  The map which is the culmination of work undertaken by the Rivers Agency and the Department for the Environment allows the general public unhindered access to flood map information.
The map has been [...]

Save our greenfield land

November 3rd, 2008

A committee of MP’s have recently met and called for the government to review its target to build 3 million new homes by 2020.  The report from the environmental audit committee calls on ministers to recognise that the slowing of the housing market means that greenfield sites could be developed unnecessarily.
The Chairman of the EAC, [...]

Tenants Win!

November 2nd, 2008

With all the talk of recession and focus on the economic downturn its hard to believe anyone can be benefiting from the difficulties in the property market.
However figures published show an increase in the number of properties for rent but a decrease in the average rent.  With many sellers unable to sell their properties, it [...]

Rental demand up!

October 23rd, 2008

According to one of the UK’s largest letting agents, demand for rental properties is up as much as 50% on last year.  Industry experts state that this is hardly surprising in light of the difficulties in the property market at present.
Reports indicate that more than a quarter of young working households are unable to get [...]

Business strategies in a difficult climate

October 23rd, 2008

There is no denying that times are difficult, for the consumer, for the business, large or small, for us all!
BBC Business have spoken to Caroline Firstbrook, Head of Strategy for Accenture.  Caroline feels that whilst the challenges for business are undeniable, she also sees the current climate as presenting opportunities for growth and positioning.
Read Caroline’s [...]