Regional Property Market Update Summer 2021: Northern Ireland

2021 is set to be one of the busiest sales years in over a decade
Sales are brisk. In the year to March 2021, HMRC estimate 2% more property sales completed than in the previous 12 months, even with the enforced closure of the market in spring 2020. Agents report the sales to stock ratio across Northern Ireland is at a record high (RICS). Across Northern Ireland, the annual rate of housing stock turnover is 3%. The most active markets are currently Lisburn and Castlereagh, and Ards and North Down.

Price growth strengthens
Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.
Year-on-year price growth across Northern Ireland is substantially stronger than the 3.9% recorded this time a year ago (UKHPI). Annual price growth currently exceeds 8% in Ards and North Down, and Newry, Mourne and Down.

A seller’s market
Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in Northern Ireland is 45 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

Properties for sale in Northern Ireland
Castlerock, Northern Ireland, 4 bedrooms
This impressive semi-detached townhouse is set over three floors and features four bedrooms, three of which have en-suite facilities, four reception rooms, a kitchen with an AGA stove, and an integral garage. The property is situated near Castlerock beach and dates back to circa 1850.
Belfast, Northern Ireland, 5 bedrooms

This property has undergone an extensive renovation to offer a spacious family home combining period character with contemporary living. It is located at one of the most desirable addresses with the location offering ease of access for the city commuter and proximity to the vibrant Lisburn Road and Stranmillis village with its local amenities including restaurants and boutiques. The property lies within the catchment area of a range of the country’s most prestigious schools.
Coleraine, Northern Ireland, 7 bedrooms

Dating back to 1801, Millhouse is steeped in local history and set back from the busy town of Coleraine on a quiet, secluded site. The truly exceptional detached residence comes with an additional detached cottage. Whether you are interested in the cottage as an investment opportunity or for family use, the potential is endless. The main dwelling offers four bedrooms, while the cottage offers three bedrooms. Many fine features ensure that the property will meet the needs of a variety of potential purchasers.
Contact us
Take advantage of the seller’s market this summer with the best agent in your area. Contact your local Guild Member today.

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Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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