Property market showing signs of improvement.

[Luke Skywalker]

From Belfast telegraph..

First time buyers and investors are kickstarting the housing market.

Some estate agents are reporting that sales are up from between 100% and over 300% - since last month.

The average sale price has risen from £190,000 to £211,000.

The provinces biggest player UPS has seen business more than treble since december.

Housing experts predict the upward trend will continue with the worst of the housing bust over.


RICS NI housing spokesman stated that although property prices remain negative there has been a marked improvement in recent months.

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Could the investors be from the Republic considering there's such a weak pound?

Are banks finally agreeing more mortgages?

Good time to buy?

[Luchtaine]

I beleive you but a thousand wouldnt.

[Luke Skywalker]

Ok I'll throw up a link for those unable to read a paper or use google.

[absconded]

I beleive you but a thousand wouldnt.

Cool, but down here in Mexico things are way different!!!!!!!!1

[Luke Skywalker]

Link......

Houses selling as property market picks up - Local & National, News - Belfasttelegraph.co.uk

[Iarmhi Gael]

In the same Article it said Templeton and Robinson had shifted 75 houses in the last month. NO THEY HAVE NOT - FACT. I know a Relation of mine is senior in there.

To be honest the North's property needed to start moving. Nothing has shifted in the last 9 months. McGeown's. Cairns & T&R sold a combined 6 houses between them in October & November.

What is shifting is the commuter belts of Lisburn, Glengormley and Ballyclare. At least its a start.

[Mr.B]

I've been tryiing to sell a house for almost exactly a year. Early initial interest and even an accepted offer by september 2008 when everything went bang. No viewings since then until last week and I've had 3 since. Obviously the price has fallen since I put it on the market in 2008 but demand is slowly returning at the right price.

[sandar]

well there are signs in britian that the 'bottom' has been hit ibn terms of demand and supply, wthere the finance is there to allow this is different and the ROI is a different case again

[adrem]

I personally wouldn't buy resi in Britain at the moment - that said, int rates are low, the exchange rate is favourable and long term (5+ years at least) I would think there would potentially be a reasonable return because fundamentally there is actually going to be a substantial housing shortage in Britain.

I'm not sure about the North though - don't know if the same shortage applies there

Wouldn't be going back into the Southern market for a while yet - more falls to come I'm afraid

[ArtyQueing]

For Gods sake will people not learn -- do not buy a house valued at more than 4 times your income. They never learn. The average house should cost 4 times - at most the average wage - £100000 is the target price. Tops.