May 2018


The average asking price of property in the Portadown area increased by 17.8% or £20,701 compared to two years ago, with particularly good demand from landlords and home-movers in the first few months of this year. This takes the current average asking price to £136,567, compared with £115,866 this time two years ago. The rise in asking prices is being aggravated by property investors jumping into action looking to benefit from the high rental yields being obtained in the area and first time buyers trying to secure the property of their dreams before the impending mortgage interest rate rises later in 2018.Looking at the different sectors of the Portadown area property market, splitting it down into property types, you can see what is happening to each sector of the market with regard to their average asking prices now compared to two years ago.  The graphs below show the monetary value…