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Regional Property Market Update Summer 2021: Northern Ireland

Posted on: Thursday, June 24, 2021


2021 is set to be one of the busiest sales years in over a decade

Sales are brisk. In the year to March 2021, HMRC estimate 2% more property sales completed than in the previous 12 months, even with the enforced closure of the market in spring 2020. Agents report the sales to stock ratio across Northern Ireland is at a record high (RICS). Across Northern Ireland, the annual rate of housing stock turnover is 3%. The most active markets are currently Lisburn and Castlereagh, and Ards and North Down. 

 

Northern Ireland annual rate of price change regional property market report statistics

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across Northern Ireland is substantially stronger than the 3.9% recorded this time a year ago (UKHPI). Annual price growth currently exceeds 8% in Ards and North Down, and Newry, Mourne and Down.

 

Northern Ireland annual rate of price change regional property market report

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in Northern Ireland is 45 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE FULL NORTHERN IRELAND REGIONAL PROPERTY MARKET REPORT

 

Properties for sale in Northern Ireland

Castlerock, Northern Ireland, 4 bedrooms
 

This impressive semi-detached townhouse is set over three floors and features four bedrooms, three of which have en-suite facilities, four reception rooms, a kitchen with an AGA stove, and an integral garage. The property is situated near Castlerock beach and dates back to circa 1850.

Belfast, Northern Ireland, 5 bedrooms

This property has undergone an extensive renovation to offer a spacious family home combining period character with contemporary living. It is located at one of the most desirable addresses with the location offering ease of access for the city commuter and proximity to the vibrant Lisburn Road and Stranmillis village with its local amenities including restaurants and boutiques. The property lies within the catchment area of a range of the country's most prestigious schools.

Coleraine, Northern Ireland, 7 bedrooms

Dating back to 1801, Millhouse is steeped in local history and set back from the busy town of Coleraine on a quiet, secluded site. The truly exceptional detached residence comes with an additional detached cottage. Whether you are interested in the cottage as an investment opportunity or for family use, the potential is endless. The main dwelling offers four bedrooms, while the cottage offers three bedrooms. Many fine features ensure that the property will meet the needs of a variety of potential purchasers.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

What Our
Clients Say

"

I would highly recommend Hardings. Their knowledge of the local area is outstanding, and they give honest and reliable advice. They have always been my partner of choice when buying and selling.

Rhiannon Prothero

"

Have used Hardings for many year on both personal and commercial property deals. Have always found them to be transparent, honest, authentic, and a pleasure to work with. Will continue to use in the future.

TB

"

I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

"

Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

"

I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

"

Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

"

We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

Natalie Quint

"

I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

"

We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

"

What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

C D

"

Fantastic customer service and made what could have been stressful a total breeze. Dominic and Louisa were brilliant in helping me and my parents buy and sell our houses - reliable, helpful and thoughtful. Thank you!

Eloise Harris

"

Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

Anna Bowen
How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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