Magnetic North ; After Years in the Doldrums, Ulster's Property Market Is Now Pulling in the Investors, Says Graham Norwood

Daily MailAugust 17, 2007

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Summary


BRITAIN'S property market may be slowing down but Northern Ireland is still heading for the sky, as home owners and investors alike enjoy a massive 'peace dividend' with up to 50 per cent price rises in some locations.

Different price indices give different results, but the overall trend for the region is clear: Northern Ireland, once the cheapest part of the UK, is now one of the dearest.

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Extract


Magnetic North ; After Years in the Doldrums, Ulster's Property Market Is Now Pulling in the Investors, Says Graham Norwood

'House prices in Northern Ireland continue to be driven up sharply by a combination of a strong local economy, high levels of immigration and high demand among buy-to-let investors and those buying second homes,' says Rory Allen, area manager of the Halifax Estate Agency in the province.

Most focus is on the capital, Belfas...

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