Investing in Northern Ireland Property
Northern Ireland property prices have dropped significantly in the last year. The average property price is now £132,000; this is a 10.3% drop since the last year.
These figures have come from the Office of National Statistics, which found a definite divide across the UK in terms of proper values. The south is surviving a little better than the north, especially when England and Wales are compared to Scotland and Northern Ireland. Scotland and Northern Ireland have seen significant drops in value, while Wales and England have seen rises in values.
The average home price in England and Wales is £228,000, according to the ONS. When you consider investing in property, you want to find something that will increase in value over time. While there is definitely a trend in England and Wales for increases, the prices may start to flatline since economic troubles are still in existence. Values increase because individuals are willing to buy. They also increase when the economic situation gets better.
Northern Ireland and Scotland have a long way to go for more improvement; however, there could be a potential increase coming. It may be slower than England and Wales, but there is every chance for property prices to increase in other parts of the UK. Buying low and selling high is a definite way to invest in property. Experts expect Northern Ireland to continue to slide downward for the rest of the year, but it is a market to watch.
If you are currently looking to sell property in Northern Ireland and, for whatever reason, are unable to hold onto your home with a view to speculating on the improvement of the housing market in the area, contact National Homebuyers. We buy any house, regardless of its condition or location and irrespective of your circumstances or reasons for selling.
National Homebuyers – We Buy Any House
National Homebuyers are UK property buyers who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat, bungalow or park home we will buy it!
If you are looking for a fast house sale then we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a sell house fast service then give us a call on 08000 443 911.
Get your no obligation cash offer now by using the Get Offer on the right-hand side of this page and take the hassle out of selling your home!