Location: Saintfield, Belfast, Northern Ireland
Investment term: 24-month term
Forecast returns: 100% (less corporation tax)
Investment status: Fully subscribed
High-end homes featuring sliding sash windows, natural slate roofs and contemporary interiors enjoy a prime location on the edge of Saintfield Village and they are selling fast!
Out of the 10 properties launched in the first phase, 7 have now been sold and some of the owners have moved into their new stylish homes. The demand has been high given the top-end location, wonderful architecture and uncompromising internal specification. The development is currently running to schedule for completion of the 19-house development.
Northern Ireland property recorded the strongest growth across the UK over the last 3 months, according to the latest RICS (Royal Institution of Chartered Surveyors) and Ulster Bank housing report. With average prices increasing up to 6.3% in rural areas over the course of the year and urban areas also seeing a 3.7% uplift.
“There are no doubt challenges in the economy, including rising inflation, but the latest survey highlights that people continue to want to own their own home and that the outlook for the market amongst surveyors remains quite upbeat.” – Sean Murphy, Managing Director, Personal Banking at Ulster Bank, Belfast Telegraph 2017. Read more here.
“These properties have generated a fantastic response. We’re very excited for this development to be completed.” – Greta Banister, Operations Director at Propiteer