Aug
11
Filed Under Belfast Property News, Citylets Rental Reports, Market News, Renting news by DanCookson | Leave a Comment
The second issue of our quarterly report into the private rented sector in Belfast (Q2 2010) received some excellent coverage in the local media. Print, Radio and Online Media all covered the story (Irish Times and Belfast Telegraph) as well as specialist Property media such as PropertyWeek .
Key findings from the report include a 3.7% rise in average monthly rents from Q1 (£544) to Q2 (£564) though this represented an annual decline of 6.6%. However, the average time it takes a landlord to let a property has continued to fall over the year for all property sizes.
To download your copy of the latest report visit http://www.citylets.co.uk/reports/
May
5
Launch of Citylets Report in Belfast
Filed Under Belfast Property News, Market News, Renting news by DanCookson | Leave a Comment
We were delighted with the response we have had from Media, Agents and Landlords to the first issue of our quarterly report into the private rented sector (PRS) in Belfast. Print, Radio and Online Media all covered the story (Irish Times and Belfast Telegraph) it seems our analysis meets a growing need for timely and accurate information on the expanding PRS in Northern Ireland.
Key headlines from the report which was published last week are an annual drop of 6.2% in average monthly rents in the first quarter of this year to £544. However, the average time it takes a landlord to let a property has come down significantly over the year, which suggests the over supply problems seen in some areas might be resolving themselves. For example, one-bed properties are now taking an average of 38 days to let, some 23 days less than a year ago.
Our map guide to the most and least expensive areas in Belfast was particularly popular:
Copies of the Belfast report can be downloaded here: Citylets Rental Report
Mar
26
Private Rented Sector expands in Northern Ireland
Filed Under Belfast Property News, Did you Know...?, Market News, Renting news by DanCookson | Leave a Comment
Citylets have been operating in Northern Ireland for more than two years. A relatively short period but one that has nonetheless seen dramatic changes in the property market. The downturn in sale prices has been both swift and severe as this chart from the recent NI Quarterly House Price Index shows:
The credit crunch has made it far tougher for first time buyers to get on the property ladder so they are tending to stay in the private rented sector (PRS) for longer. We have seen increased NI traffic on the Citylets network throughout this period and this increased interest in PRS has been backed up by the recent findings of the NI House Condition Survey 2009 which shows a continued increase in the number and proportion of privately rented dwellings in Northern Ireland. In 2006 approximately 12 per cent of all dwellings were in the private rented sector. By 2009, this had risen to more than 15 per cent. If vacant dwellings, which when last occupied were in the private rented sector are included, the figure rises to nearly 20%.
Citylets will be reporting on the detailed trends in the Belfast private rented sector in its forthcoming report.
Nov
7
Citylets celebrates in style
Filed Under Belfast Property News by admin | Leave a Comment
Last Friday, we toasted to the Northern Irish rental market by attending the sumptuous annual 2007 Belfast Go Awards. ‘Go’ is a publication similar to the Scottish magazine the List and hosts an annual dinner marking the achievements of local businesses with awards categories such as Restaurant of the Year, Independent Retailer of the Year, Pub of the Year etc.
Mark Crossey, our Northern Ireland business development manager, and Citylets MD Thomas Ashdown attended the awards dinner with clients and judging by the photos, I think a good time was had by all! The event underlined Citylets’ first year in Belfast and celebrated all the good results to date.
Nov
1
House goes haunting the streets of Belfast
Filed Under Belfast Property News by admin | Leave a Comment
Our Northern Ireland Business Development Manager, Mark Crossey decided to celebrate Halloween in a slightly different way this year – by dressing up as a ghoulish haunted house!
Mark covered Belfast city centre, encouraging people to avoid being ‘spooked out’ by their ‘nightmare’ of a rented property, while handing out sweets and flyers. He said, “It was a great day, and a lot of fun. We were simply trying to raise awareness of our brand in Belfast and wanted to do something that would get people talking.”
Mark took it all in his stride – he said, “The haunted house idea came up after a few drinks on a night out – little did I know at the time that I’d be going through with it a week later!” Conveniently, his girlfriend, a textiles graduate, was able to give him a hand with the costume – a transformed child’s wendy house.
Did you see Mark out and about yesterday?
keep looking »
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