Menu
28/08/2008
NI Developer Cuts House Prices By 40%
A Northern Ireland building firm has slashed its house prices by almost 40%, in a fresh bid to inject life into the ailing property market.
Fraser Homes has trimmed £90,000 off the price of its semi-detached properties in Glengormley, reducing the price from £229,500 to £139,950.
This drop has been replicated in the price of detached houses, located on the Aylesbury Place development.
A dramatic £110,000 has been wiped off the cost of the homes.
Previously on the market for £340,000, the houses are now priced at £229,950.
The firm said the move has created a "can't refuse" offer for buyers.
Fraser admitted trading conditions are tough, and have pledged to stump up stamp duty on the properties.
The developer will also stand over a "price guarantee".
Should Fraser later sell the same house type for less, it will pay back the difference.
Bespoke mortgage packages and support are available on site.
The firm's Paul Fraser said: "Buyers are reluctant to enter into the market because of all the negative comment out there. The facts are, now is a good time to buy - if the right package is available."
Fraser's decision to cut prices so drastically has provided a deeper insight into the troubles being experienced by builders, across the island of Ireland.
The firm's offer applies to buyers purchasing a new home within the latest release of Aylesbury Place.
The mixed housing development offers two-bedroom apartments to three and four-bedroom detached and semi-detached homes.
(PR/JM)
Fraser Homes has trimmed £90,000 off the price of its semi-detached properties in Glengormley, reducing the price from £229,500 to £139,950.
This drop has been replicated in the price of detached houses, located on the Aylesbury Place development.
A dramatic £110,000 has been wiped off the cost of the homes.
Previously on the market for £340,000, the houses are now priced at £229,950.
The firm said the move has created a "can't refuse" offer for buyers.
Fraser admitted trading conditions are tough, and have pledged to stump up stamp duty on the properties.
The developer will also stand over a "price guarantee".
Should Fraser later sell the same house type for less, it will pay back the difference.
Bespoke mortgage packages and support are available on site.
The firm's Paul Fraser said: "Buyers are reluctant to enter into the market because of all the negative comment out there. The facts are, now is a good time to buy - if the right package is available."
Fraser's decision to cut prices so drastically has provided a deeper insight into the troubles being experienced by builders, across the island of Ireland.
The firm's offer applies to buyers purchasing a new home within the latest release of Aylesbury Place.
The mixed housing development offers two-bedroom apartments to three and four-bedroom detached and semi-detached homes.
(PR/JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
22 August 2012
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
NI House Prices Down By More Than A Tenth
Figures out today from the Northern Ireland Statistics & Research Agency show that house prices have fallen by 11% in the frst six months of this year. Land & Property Services released the Residential Property Price Index report for Quarter 2 of 2012, which is compiled from stamp duty information.
08 September 2017
Neil Lennon Signs New Deal With Hibernian
Northern Irishman Neil Lennon has signed a new deal to stay with Hibernian until 2020. Head Coach Lennon agreed a new three-year-deal with the club. He said: "I am delighted to have signed the deal. I've made no secret of my enjoyment of my time at Easter Road and my desire to stay on at Hibernian.
Neil Lennon Signs New Deal With Hibernian
Northern Irishman Neil Lennon has signed a new deal to stay with Hibernian until 2020. Head Coach Lennon agreed a new three-year-deal with the club. He said: "I am delighted to have signed the deal. I've made no secret of my enjoyment of my time at Easter Road and my desire to stay on at Hibernian.
20 February 2013
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
NI Property Prices Continue To Fall
Residential property prices continue to fall in Northern Ireland. Over the year to the end of December 2012, prices fell by 13%, according to the latest report by the Northern Ireland Statistics and Research Agency (NISRA). The Index measures change in the price of residential property sold in Northern Ireland.
21 November 2012
Residential Property Prices Drop By 12%
Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index. Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
Residential Property Prices Drop By 12%
Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index. Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
05 May 2009
Housing Downturn Continues, Says Expert
High hopes that the housing slump in Northern Ireland was coming to an end have been dashed this week. A property expert has dismissed claims by economists that the housing market downturn is over.
Housing Downturn Continues, Says Expert
High hopes that the housing slump in Northern Ireland was coming to an end have been dashed this week. A property expert has dismissed claims by economists that the housing market downturn is over.
-
Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
