| |
Good To Know Things About Irish Properties
By Dalvin Rumsey
It is of public interest that The Royal Institute of Chartered Surveyors in association with the Ulster Bank Residential Property Division has recently released a report stating the success of the Northern Ireland residential property sector. This report also presents to the public the numerous problems that the success of the Irish properties has brought to light.
The Royal Institute of Chartered Surveyors and the Ulster Bank Residential Property Division stated that almost all the surveyors working in the residential property sector thought the prices for property have gone higher this year. The Nationwide Building Society has revealed to the public that strong local demand and national and international demand for investment property in Northern Ireland is causing the prices to go up.
For the past six years, residential real estate prices have constantly increased, so the statistics are very positive regarding the Irish properties. The result of this is the fact that more first time buyers are now being priced out of the market in certain popular areas of the country. The difference between the average price of a house in Northern Ireland compared to the medium price of property in England is getting smaller and smaller, thus adding to the out pricing of the buyers.
Speaking about the suburbs of Southern Belfast, one can see that the prices for Irish properties are getting so high so fast, that the first time buyers cannot get onto the property ladder and afford them. One explanation can be the fact that some of the buyers are property investors capitalizing on the lack of money of the people. And this is not at all a good thing! Because fewer people can now afford to buy their first home, these property investors have found that there is a growing requirement for rental property on the Irish property market and are now buying, in order to meet market demand. This can only make the affordability problem get from bad to worse!
So, no matter the problem of these first time buyers, the success of the residential Irish property market seems to continue in the following years. The only solution for these people would be to try to find some properties abroad that they can afford. Nothing can stop the increase of the prices in the suburbs of Northern Ireland. Price gains can't be sustained and the demanded prices can't be met either.
About the Author
Irish Properties Buyer Magazine - First Time Buyers - Property Information - Buying Abroad - Property News - Affordability - Trading Up
Article Source: http://www.simplysearch4it.com/article/40298.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/40298.html" as shown above and make it hyperlinked. |
| Some other articles by Dalvin Rumsey | How Bad Can Virus Hoaxes Get
Each and every computer user has at least once suffered from the action of a virus. The damage such a malicious little thing causes can be very serious, leading up to the theft of your data. ...
Tips About The Cooling System
Ever gone through a flooding disaster in your house? Did you washing machine ever get a split hose? Well, I guess many of us have at least once experienced such a household mess, ...
Should We Use Online Dating Services
Nowadays, many people seem to choose the online dating services as an alternative to the basic ways of meeting new ...
Social Networking Described For You
For those of you who are wondering what such a thing as the social network really means, I can only point to the hundreds of websites who are trying harder each ...
Broadband And The Way It Works
Most people are not aware of what the term broadband really means. Even if this is a word we keep hearing every day, we may not have a clear ...
T1 Described - Pros And Cons
If you are not perfectly happy with your existing DSL connection, you can always switch to a T1. Reliability is one of the most important factors when choosing the right internet connection, this especially when the applications ...
|
|
| |
|
|
|
