As I write this we are into our 66th day of lockdown, and as the time goes by I have noticed one question that I have been asked so many times recently by landlords, tenants and investors: “What effect will COVID-19 have on the local property market in the short, medium and long term?” I can safely say that most of us have never experienced times like these, so to give us some idea of what may happen we can look back in history to give us some clues and more recently, the bounce back that is happening to the property market in China. COVID-19 will touch all parts of the Portadown, Craigavon, Lurgan and NI property market, So I will be looking at its impact on our local property prices, local landlords and also tenants and the rents they pay.The 3 Hurdles of COVID-19 and the Property MarketThe main…
In this quick, two minute read we look at what the recent budget announcements mean for Landlords in Portadown, Craigavon & Lurgan. On Thursday,…
The NI property crash in 2011 caused property prices in the ABC Council area to drop by an average of 13.3% in a period…
A landlord I know has owned a few properties in Portadown for the last five years. She came into our office to discuss the…
I have been asked a number of times recently what a hard Brexit would mean to the Portadown property market. To be frank, I…
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…