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Forward thinking for NI’s property market

Posted on 08 March 2017
Forward thinking for NI’s property market

Springtime is almost upon us and the NI property market is – as usual - getting ready for the traditional rush to buy and sell homes.

This is an annual event , as regular as the clocks going forward.  

Online property viewings peak early in January, as there exists a pent-up demand from the Autumn looking for something fresh and new to the market

Many sellers perceive it is best to wait to put their home up for sale after the clocks spring forward, with lighter evenings and gardens being more attractive. Whilst this can be helpful ,the reality is that the supply of homes to choose between is suddenly increased so swiftly that buyers recognise they have time to shop around in case something more exciting appears .

The key is - literally - getting your house in order to increase the likelihood of a faster sale. Supply has been an issue in the Northern Ireland property market recently, and canny vendors will have recognised this fact and used it to their advantage by having their property in a “ready to go" position for potential buyers.

The market is already showing a renewed confidence for 2017, with a realisation that whatever the political situation people’s lives cannot be on hold forever.

Brexit, the Assembly negotiations , and the Trump presidency all created an artificial air of uncertainty for the market, however affordability remains high and we believe from anecdotal evidence on the ground that people are anxious to move on with their lives early in 2017!

There are many strong positive economic indicators showing buyer assurance including the completion of landmark Gallery development on Belfast’s Dublin Road, the first multi storey apartment block of 58 units to be built in a decade, with now only 7 left to sell.

New Student accommodation being completed and occupied together with additional office developments and increasing numbers of cranes in the city skyline are also adding to the feel-good factor and changing the dynamics of how the city lives and breathes.

There is a strong pent up demand for fresh properties coming on to the market – so we urge sellers now need to take advantage of market activity before the hour change as timing is everything when it comes to a successful sale.