Any sign of recovery in house sales/prices in Northern Ireland?

edited 30 November -1 at 1:00AM in N. Ireland
10 replies 1.1K views
thriftyminx13thriftyminx13 Forumite
471 Posts
edited 30 November -1 at 1:00AM in N. Ireland
There is suggestions that the house market is starting to recover; I haven't seen any evidence yet, has anyone else started to see the so-called green shoots?

If so, what area do you live in?
MFW 148 - Mortgage £121,000 1Jan11 / Mortgage £120,300 28Jan11 / £119,808 24Feb11 / £119,400 22 April11 / £119,089 29 May11 / £118,500 October11

Replies

  • leftieMleftieM Forumite
    2.2K Posts
    Not according to Jamie Delargy at UTV
    Stercus accidit
  • NARNAR Forumite
    4.9K Posts
    Not too many FTBs out there I wouldn't think with the large deposits that banks now require and the so-called deals they are offering. That said I have seen quite a few Sold signs about North Down in the last month or so.
  • edited 30 July 2009 at 6:33PM
    wifeforlifewifeforlife Forumite
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    edited 30 July 2009 at 6:33PM
    I'm just going through the process of purchasing a first home, and I think the market is still relatively high

    There are some good deals, but at present in Portadown/Craigavon/Lurgan area the prices are all fairly stable and static. There doesn't really seem to be much movement on price.

    I know the house we've went for was a great deal and the price was significantly lowered in December 2008 to sell but since we agreed to buy, the remaining 5 in the development have all been agreed in no more than 8 weeks with plenty of interest still there

    Cate
  • edited 31 July 2009 at 1:22PM
    warmhands.coldheartwarmhands.coldheart Forumite
    3.8K Posts
    edited 31 July 2009 at 1:22PM
    Cath,

    Is the house a new hose from a Developer? I am of the opinion that the Developers are actually more realistic now than Joe Public the Private Seller. I've noticed in the Craigavon/Portadown/Lurgan Area that private sellers are still living with the fairies... I've seen a number of 4 Bed detached houses in around Craigavon (private sale) on at over £180,000 but I could buy a brand new 4 Bed detached from a developer, full turnkey finish with a garage for about £160,000. People trying to sell their houses are still living in coocoo land. one house near me has been empty and for sale for nearly 2 years now (on at £180,000 and the seller will not lower his price.... I know for a fact he bought it of plan 10 years ago for £55,000.. GREEDY!!
  • seatzieseatzie Forumite
    762 Posts
    noticed a lot of boards going to sold around Dundonald/East Belfast over the last few weeks, certainly seems to be a moving market, if somewhat slowly, though obviously don't know what prices they're selling at but certainly houses going on the market around us are priced at around early 2007 prices i.e. as if they've remained stagnant over the last 2 years
    Norn Iron Club Member #64


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  • seatzie wrote: »
    ......but certainly houses going on the market around us are priced at around early 2007 prices i.e. as if they've remained stagnant over the last 2 years

    Some of the, lets say less desirable areas, around us are back to what I would say are 2005/2006 prices. God help anyone who bought in these areas at the hight of the boom!! Probably all they could afford at the time
  • wifeforlifewifeforlife Forumite
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    Cath,

    Is the house a new hose from a Developer? I am of the opinion that the Developers are actually more realistic now than Joe Public the Private Seller. I've noticed in the Craigavon/Portadown/Lurgan Area that private sellers are still living with the fairies... I've seen a number of 4 Bed detached houses in around Craigavon (private sale) on at over £180,000 but I could buy a brand new 4 Bed detached from a developer, full turnkey finish with a garage for about £160,000. People trying to sell their houses are still living in coocoo land. one house near me has been empty and for sale for nearly 2 years now (on at £180,000 and the seller will not lower his price.... I know for a fact he bought it of plan 10 years ago for £55,000.. GREEDY!!

    Yeah it is from a developer - £100k for a 3bed 3 bath semi - full turnkey spec

    We couldn't get anything private anywhere near the price and spec

    Cate
  • bingo_bangobingo_bango Forumite
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    Quite a few more houses for sale around Dunmurry, but few of those going to sold.
  • irishgirl62irishgirl62 Forumite
    1.5K Posts
    It is selling but less than what i paid for mine two years ago!:mad: I put down 125% deposit from the matrominal settlement but I wish i had waited as for what I paid for my semi i could get a detached house now
    I am determined to lose weight!:kisses3:
    Weight loss so far 2 stones 6lbs!! :j:j
  • There are still lots of properties from a developer around my way still for sale despite having been dropped loads in price. Personally I think its cause they are ugly and the developer is trying to cram asmany houses in as possible.

    My dad works in a bank and has had to suffer verbal abuse from builders because the banks won't lend money. It's not going to recover very soon.

    One small point is that although property can be turn key and new you do have to put a small fortune of your own money in and sometimes it is easier to but a property a couple of years old (but only in my experience)!
    MFW 148 - Mortgage £121,000 1Jan11 / Mortgage £120,300 28Jan11 / £119,808 24Feb11 / £119,400 22 April11 / £119,089 29 May11 / £118,500 October11
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