Menu
27/04/2017
Confidence In Commercial Property Market Remains 'Relatively Robust'
Confidence within Northern Ireland's commercial property market remains relatively robust, despite a clear trend of falling interest from foreign investors, according to a new data.
Occupier demand continued to increase in all sectors in the first quarter, whilst availability of space declined, the latest Royal Institute of Charted Surveyors (RICS) and Ulster Bank commercial market survey has revealed.
However, enquiries from foreign investors declined for the fourth quarter in a row.
RICS Northern Ireland commercial property spokesperson, Tracy Flannigan said: "In terms of occupier demand and rent expectations, the Northern Ireland commercial property market started 2017 much as it ended 2016, with good demand evident.
"It is also encouraging to see some new office refurbishments starting, but the lack of availability of space, particularly grade A office accommodation, remains a key challenge for the market, as well as some uncertainty on the horizon in relation to Brexit, which can be seen in the figures relating to foreign investment enquiries. However, for now, rental and capital value expectations remain positive."
(CD)
Occupier demand continued to increase in all sectors in the first quarter, whilst availability of space declined, the latest Royal Institute of Charted Surveyors (RICS) and Ulster Bank commercial market survey has revealed.
However, enquiries from foreign investors declined for the fourth quarter in a row.
RICS Northern Ireland commercial property spokesperson, Tracy Flannigan said: "In terms of occupier demand and rent expectations, the Northern Ireland commercial property market started 2017 much as it ended 2016, with good demand evident.
"It is also encouraging to see some new office refurbishments starting, but the lack of availability of space, particularly grade A office accommodation, remains a key challenge for the market, as well as some uncertainty on the horizon in relation to Brexit, which can be seen in the figures relating to foreign investment enquiries. However, for now, rental and capital value expectations remain positive."
(CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
26 May 2010
Unstable Market Delays Revaluation
Instability in the local commercial property market has prompted a delay in a planned revaluation of business properties.
Unstable Market Delays Revaluation
Instability in the local commercial property market has prompted a delay in a planned revaluation of business properties.
19 February 2010
Wilson Freezes Empty Property Rating
NI Finance Minister Sammy Wilson has announced that the rating of empty commercial properties will remain frozen at 50%. The 50% level for the rating of empty commercial premises was introduced in Northern Ireland in 2004, and the Minister’s decision follows an evaluation of the scheme by his Department.
Wilson Freezes Empty Property Rating
NI Finance Minister Sammy Wilson has announced that the rating of empty commercial properties will remain frozen at 50%. The 50% level for the rating of empty commercial premises was introduced in Northern Ireland in 2004, and the Minister’s decision follows an evaluation of the scheme by his Department.
27 April 2004
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
05 April 2012
UTV Bags Irish Media Award
UTV’s Group Chief Executive John McCann is the first recipient of The Media Pioneer Award at the Irish Media Awards 2012 which were announced in Dublin last week.
UTV Bags Irish Media Award
UTV’s Group Chief Executive John McCann is the first recipient of The Media Pioneer Award at the Irish Media Awards 2012 which were announced in Dublin last week.
21 August 2013
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
