the number of rental transactions decreased by 9.1% over the half year, although transaction volume is up by 13% in annual terms • average rents across Northern Ireland increased by 4.8% from H2 2020, to £703 per month, and were up 9.2% compared to H1 2020 • the average monthly rent across the Belfast City Council Area
Is Belfast a good place to invest in property?
Growth in rent and house prices. House prices in Belfast are generally lower than the rest of the UK, which is relative to the cost of living and annual income, making Belfast an attractive prospect to investors.
Are rents going up in Northern Ireland?
New housing market analysis by PropertyPal found the average rent of a residential property reached £742 per month in the third quarter (Q3) of 2022, which was 2.5 per cent up over the quarter and 7.8 per cent up over the year.
Is Belfast cheap rent?
Belfast boasts some of the lowest accommodation costs in the UK. There is a wide variety of property rentals in Belfast suitable for students, young professionals, families or retirees.
How many people rent in Northern Ireland?
The private rented sector accounts for around 130,000 to 135,000 households across Northern Within this, there is a sizeable cohort whose affordability challenges are particularly acute, even before Covid-19.
What is the trendiest area of Belfast?
Cathedral Quarter: best neighborhood for nightlife and the arts. The Cathedral Quarter, on the fringes of Belfast city center, takes its name from St Anne’s Cathedral, an early 20th-century Romanesque Revival edifice characterized by its rounded arches and turrets.
Why is Belfast so cheap?
Belfast itself isn’t an expensive city to live in at all, and a big part of the attraction is the lower living cost compared to mainland Britain. Part of the lower cost is due to Northern Ireland maintaining the British pound as its currency, whereas the Republic of Ireland is part of the Eurozone.
Do landlords pay rates in Northern Ireland?
Most landlords are responsible for collecting and paying rates. The landlord is responsible for any unpaid rates if: a tenant’s Rate Rebate doesn’t cover their rates.
Will house prices rise in 2022 in Northern Ireland?
Regional breakdown of house prices across Northern Ireland as average prices rise by 10% The average cost of a home in Northern Ireland has jumped by 10% in a year. That’s according to the House Price Index report for quarter two in 2022.
Is the housing market slowing down in Northern Ireland?
THERE are some signs that home sales in the north are beginning to slow amid the cost of living crisis. New figures released by HM Revenue and Customs show 2,480 residential properties were sold in Northern Ireland during August 2022.
Is moving to Northern Ireland a good idea?
Frequently Asked Questions About Moving To Northern Ireland
Northern Ireland is overall one of the best places to live in the UK. It has excellent amenities such as parks, shops, restaurants, and bars. The safety rate in this country is also relatively high.
Is it worth living in Belfast?
Belfast is a city with many opportunities in economy and education. This city is also one of the safest cities in the UK, so it is perfect for families, students, and professionals. In addition, the cost of living in Belfast is relatively low.
Where is the safest place to live in Belfast?
This is just 2.98% more than Mid and East Antrim in second (134 thefts) and 16.94% more than Fermanagh and Omagh in first (118). With just 0.95 burglaries per 1,000 people last year, residents of Ards and North Down are the second least likely to experience a burglary in Northern Ireland.
What is the average income in Northern Ireland?
Latest results published 26 October 2022
Median gross weekly earnings for full-time employees in April 2022 increased by 2.9% from £575 in 2021 to £592 in 2022. This year’s increase is at a similar rate to the trends seen pre-pandemic. UK weekly earnings increased by 5.0% to £640.
What percentage of Belfast is white?
Northern Ireland contains 27.1% of the total population and 16.75% of the total area of the island of Ireland.
Demography of Northern Ireland.
| Demographics of Northern Ireland | |
|---|---|
| 15–64 years | 64% |
| 65 and over | 17% |
| Nationality | |
| Major ethnic | White 97% |
Who is the largest landlord in Ireland?
Ires Reit
Ireland’s top 10 biggest landlords
| Company | Number of units | Property value (€m) |
|---|---|---|
| Ires Reit | 3,900 | €1,460 |
| Kennedy Wilson¹ | 2,345 | €1,000 |
| Ardstone Capital | 2,000 | €1,000 |
| DWS² | 2,000 | €560 |
Where do rich people live in Belfast?
Technically just outside Belfast but a 5ish minute drive from the Titanic Quarter is Cultra, officially but rarely if ever used ‘Ballycultra’ and this is where most of the larger houses and mansions are located.
Where do the rich live in Northern Ireland?
Malone Park is home to some of the most expensive houses in Northern Ireland.
Is Belfast more Catholic or Protestant?
These figures based on the 2021 census at district level mask wide variations on smaller scales. In the Belfast City Council and Derry and Strabane District Council areas, the figures at ward level vary from 99% Protestant to 92% Catholic.
Is Belfast a rough city?
Belfast City 2022 Crime Scorecard
As of 2022, the crime rate in Belfast City is 121% higher than Northern Ireland and 33% higher than the England, Wales & Northern Ireland overall figure.
Is Dublin or Belfast nicer?
Winner: We would say that both cities have very nice things to do and memorable visits. If you are in Ireland for a few days, we would pick Dublin but if you are here only for a day, then Belfast might be a better pick!