In This Article
Introduction To The Area
If you are looking at property in Northern Ireland, prepare for some surprises. In spite of the economic shock the pandemic had on employment, house prices are still rising.
With a population of 1.88m, prices in NI at the end of 2020 were 5.3% higher than the same time in 2019, according to the latest figures. House viewings are permitted during the latest Covid-19 restrictions, after the market was effectively closed between March and June last year.
You can get relief from customs charges due on personal belongings, when moving your home to Northern Ireland from Great Britain. If you are moving your own personal belongings, you are able to ‘declare by conduct’ which means going through the ‘green channel’ at your port of entry in Northern Ireland, or where a green channel does not exist driving across the boundary of the port.
If you are moving through certain locations, your carrier may ask you for a goods movement reference (GMR) when you are booking your passage or checking in. If they do, you should confirm with them that you are a private citizen moving your own personal belongings which does not require a GMR.
Thinking of moving to Northern Ireland? Considering cash house buyers like Gaffsy means you may be able to complete that move even faster. Read below to find out a bit more about property in Northern Ireland.
Summary Of Price Moves
The latest Northern Ireland House Price Index report revealed that as of December 2020, the average house price in the country was £147,593.
Taking a look around the country, in Antrim and Newtownabbey you can get yourself a two-bed detached bungalow on Mill Road, Ballyclare which would set you back £150,673. In Ards and North Down, prices are a bit higher, a three bed semi-detached villa on Bangor Road, Newtownards, will cost you £165,939. Next, in Armagh City, Banbridge and Craigavon, you can find yourself a three-bed detached house on Drumcree Road, Portadown for the sum of £129,151. Meanwhile, in Belfast a two-bedroom apartment in Old Bakers Court will be in the region of £140,750.
Hollywood is the hottest property, however, it’s where the Fifty Shades and The Fall actor Jamie Dornan grew up, the fancy mansions of Cultra attracting the biggest bucks on Ulster’s “Gold Coast”. Rory McIlroy cut his golfing teeth on the local fairways.
In the past 12 months the sandy beach rather than the shopping and the social scene has been the star attraction. Here active, upwardly mobile young professionals can be spotted swimming or walking the dog, jogging or cycling along the coast path, or kite-surfing and sailing at one of the two yacht clubs.
House prices have continued to rise in Northern Ireland in one of the busiest markets in nine months.
Those are the findings of the latest RICS and Ulster Bank Residential Market Survey which reported another steady rise in house prices in February, tempered by a more subdued outlook for the next three months.
The survey, which gauges the opinion of estate agents, reported that February witnessed the sharpest rise in the number of houses changing hands since the first lockdown was eased in July 2020.
That trend is set to continue in the coming months up to May, the survey said, adding that the number of houses being put up for sale has also increased, a key factor given a lack of supply had been hampering trade.
Estate Agents’ Comments
Prospective buyers have realised they can purchase bigger homes if they opt for lifestyle rather than location, said Co. Down estate agent John Minnis. It means people are increasingly moving to the countryside from towns and cities, with expats also returning home to take advantage of the comparatively low property prices.
Estate agent Simon Brien said the number of homes his firm sold to buyers outside Northern Ireland rose by 153% last year. “They’re buying here for lifestyle reasons, such as our education system, which offers much better value than in England, as well as house prices being much lower,” he said. “Those working from home were in the minority a few years ago and were mostly very senior employees or those with their own business, but suddenly it’s something that’s accessible to many.”
Mr Minnis said his listings were attracting interest from people with little or no connection to Northern Ireland. “English people want the benefit of the lifestyle here – the mountains, the seaside, house prices a third of what they’re used to and free education. They’re also keeping their English wage,” he explained.
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