Our agent, Aaron Kernan, also acts for buyers. He buys properties for owner occupiers, investors and developers alike. Some of his clients just want help looking for a new home, some want help to evaluate a property and to negotiate the best deal. Aaron understands that for many, their home is likely to be their most valuable asset both financially and emotionally. His objective is to make every aspect of the move as straight forward and enjoyable as possible. From the first contact to the day you move home he strives to ensure our customers experience a professional, confident service provided by a motivated and enthusiastic agent.
During his 20 years in the business, Aaron has bought and sold hundreds of properties and development sites.
We are pleased to present the Northern Ireland Housing Market Update: Q3 2024 which highlights insights and trends shaping the Northern Ireland housing market over the last 3 months.
"Northern Ireland house sales have experienced a strong rebound, growing by 14% over the past year as confidence surged across the sector during the summer months. Visitors to PropertyPal and enquiries to estate agents have also increased by 15% and 6%, respectively, indicating continued pent-up demand for the remainder of 2024.
Lower mortgage rates are a key driver of these improved market conditions, with expectations of further rate reductions in the coming months. In fact, recent data from the Bank of England reveals that UK-wide mortgage approvals have reached their highest level in two years. House prices are also rising in response, with the average property price now 5.3% higher than a year ago. This upward trend is expected to persist, and potentially accelerate, if mortgage rates continue to decline.
While low housing supply has been a persistent challenge restraining the market in recent years, there are early signs of modest improvement, with new listings for sale up 5% compared to last year. The upcoming UK Budget later this month will be closely watched, with speculation around potential measures to address housing supply barriers but also tax-related issues."
PropertyPal's latest housing market review published in October 2024 outlines the current average sales price in Northern Ireland to be £212,400. Our own district Newry, Mourne and Down continues to perform above well with an average sale price for the district of £218,800 an 6.5% increase on the 12 months previous.
Swift Survey
If you’ve found a suitable property but would like someone to run a professional eye over it before you commit further then send me an email with a link to the property advert on the agent’s website or the property portal on which it appears.
£100.00 plus VAT
Agent Advisor
Buying & Selling Advice
Up to 3,000 people buy a home every month. 90% of those who are selling get advice from an estate agent but most buyers think they can do it all themselves. Of course not everyone thinks they can afford or justify a bespoke buying service but now you can get help from my new Agent Advisor service. Help for anyone looking to transfer their pension pot or to buy or sell, to rent or let all for £500 plus VAT.
Customised Buying Service
We look for homes and development sites and seek to acquire them on behalf of our clients. As far as the law is concerned, I am an estate agent – In this instance, we act for buyers, not sellers. Some clients just want help looking for a new home, some want help to evaluate a property and to negotiate the best deal. Buying a home or development plot is one of the biggest decisions you have to make in life, and it really is worth putting in the effort to make sure you get it right. Too many people make mistakes in buying homes and land, which can affect your well-being, be a major hassle - and be very expensive.
Of course many people start off asking too much for their home or land and a third of sellers currently on the market have reduced their guide price at least once according to the website Zoopla.co.uk. One of my most recent purchase was a substantial detached house in Newry, marketed at £295,000 (bought for a client in August 2024 for £220,000 - a 25% saving).
£1,500 plus VAT