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Regional Property Market Update Winter 2021: Northern Ireland

Posted on: Friday, November 26, 2021


Sales remain brisk as demand continues

The market is busier than in any year since 2007. In the first nine months of 2021, HMRC estimate that more than 1.2 million homes changed hands, 47% higher than the long-term UK average (2010–2019) and just 50,000 fewer than the same period in 2007. On average, there is now only 2.2 months’ worth of stock available in the UK, compared to four months’ stock in 2019 (TwentyCi).

Four areas in Northern Ireland have seen more than one in every 20 homes change hands over the past year. The average annual rate of housing stock turnover in Northern Ireland as a whole is 4.6%.

 

Northern Ireland Winter regional property market report 2021

 

On the up

The average annual rate of housing stock turnover in Northern Ireland as a whole is 4.6%. The average price of a property has increased significantly during the past year, a number of localities experiencing double-digit annual price growth. Agents anticipate price growth will moderate over the coming months to more sustainable levels, with growth of 3.5% predicted in Northern Ireland during 2022 (Zoopla). According to Dataloft, the annual increase in the average property price in Northern Ireland is £9,700.

 

 

Northern Ireland Winter regional property market report statistics 2021

 

Keeping warm 

COP26 focused attention on the environment and energy efficiency. An Energy Performance Certificate (EPC) is needed whenever a property is built, sold, or rented. While 90% of new build properties achieve the highest A or B rating, just 1 in 14 resale properties currently reach that grade, although 60% could with improvements. Upgrading could prove lucrative; resale properties rated A/B currently attract a 13% price premium (based on £psf), compared to those properties with the average D rating1.

 

VIEW THE FULL NORTHERN IRELAND REGIONAL REPORT

 

 

Properties for sale in the Northern Ireland region of the UK

Coleraine, Londonderry, 7 bedrooms

homes independent (Ballymena) country house

Dating back to 1801, Millhouse is steeped in local history and set back from the busy town of Coleraine on a quiet, secluded site. This truly exceptional detached residence benefits from a detached cottage, ideal for generating an income or for family use. Renovations have ensured that this property enjoys both traditional and modern features.

 

Belfast, Antrim, 5 bedrooms

5 Bedroom Detached House for sale in BELFAST

Set in a quiet cul-de-sac between the Belmont and Holywood Roads, this attractive detached property would appeal to a wide range of buyers. Families in particular would find this house well located for some excellent primary and secondary schools, which are situated close by. Belmont and Ballyhackamore villages are within walking distance while the city centre is easily accessible via road or rail. 

 

Moneymore, Londonderry, 5 bedrooms

5 Bedroom Detached House for sale in Moneymore

With outstanding views looking out over Slieve Gallion, this exceptional five-bedroom detached country residence enjoys a swimming pool, cinema room, gym and triple garage. Externally, the property has been finished to the highest specification with amazing tree lined driveway and there is the option to purchase 11 acres of good agricultural land with the home.

 

Contact us

As property prices continue to rise and the UK hits a record number of sales for autumn, sell your property with experts in the property industry this winter. Contact your local Guild Member today.

 

GET AN ONLINE VALUATION

 

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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!

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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.

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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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