Piney Newsletter
We provide regular property news and keep you updated on recent happenings within Belfast, Northern Ireland
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PropertyPal Monthly Market Snapshot: July 2023 (Source PropertyPal)
17th August 2023Jordan Buchanan, Chief Operating Officer at PropertyPal commented on the market performance during July 2023: Transaction activity softened during July with only 1,700 properties being agreed for sale, a reduction of approximately 20% on normal levels during one of the core summer months. Price...
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House Prices Fall at fastest rate in 12 years, says Halifax by Jemma Dempsey BBC News
7th July 2023House prices have fallen at their fastest rate in 12 years, according to the Halifax, while mortgage rates continue to rise. The High Street lender said the annual fall of 2.6% was equal to around 7,500 being wiped off the average UK house price, the biggest drop since 2011. Prices for June fe...
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PropertyPal Monthly Market Snapshot: May 2023 (Source Property Pal)
16th June 2023Report Summary Commenting on the housing market,Jordan Buchanan, Chief Operating Officerat PropertyPal stated: The Northern Ireland housing market exhibited another cautiously optimistic performance in May, as around 2,400 properties were marked as sale agreed , which is an 8% decrease compar...
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Northern Ireland Housing Market Update: Q1 2023 (Source Property Pal)
3rd May 2023Within the Northern Ireland rental market there is a steadily growing disparity between supply and demand, with supply going down and demand rising. This explains why the average time for a property on the market to reach let agreed has dropped. For further clarity on this please see the last two...
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Rent Rises Claire Brennan BBC NEWS
19th April 2023By Claire Brennan BBC News At 69, Barbara Kennedy had hoped her house-hunting days were behind her. The auxiliary nurse from Belfast is living in private rental accommodation, but she cannot afford to keep paying the 675 monthly rent for her current property. She plans to move in January, ...
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