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
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