There are indications that the property market across the UK, including in Northern Ireland, is on the up. Growing optimism in the sector may be welcomed by those seeking property legal advice Northern Ireland.
That said, the road to full housing market recovery might take a while. Estate agents operating in the province seem to think this process will be long and slow, the Belfast Telegraph reports.
Recently, the Royal Institution of Chartered Surveyors (RICS) revealed that its members have seen rising prices for the fourth consecutive month. Approximately three in five respondents to its poll said that prices were up in third quarter of this year. None said prices were down.
However, there is no room for complacency. Responding to the findings, RICS Northern Ireland housing spokesman Tom McClelland said: “The recovery from the price collapse that occurred post summer 2007 will be a long and slow one. There will also be bumps along the way.”
On a more positive note, he added: “However, there is growing evidence to suggest that it is at least partly under way.”
Individuals who are after Northern Ireland property legal advice may be watching developments in the sector with interest.
Meanwhile, the Belfast Telegraph pointed out that house prices in the province have decreased by 50 per cent or more since the height of boom in 2007. The government reported a standardised residential property price for all types of home at £96,327 during the second quarter of 2013. This compared with the much higher figure of £209,857 in the second half of 2007.
According to property expert Paddy Turley, such housing surveys provided only a “brushstroke” across Northern Ireland. He added: “Even the market within Belfast can vary. Within south Belfast, areas like Stranmillis and Malone – yes, buyers’ demand is back.”
Keeping a close eye on developments within the real estate market can help consumers to make savvy decisions concerning property sales and purchases. Underlying trends can have a huge impact on the long-term value of properties.
These days, there is plenty of advice and information available to people who need to make property-related decisions. Meanwhile, they should also find it straightforward to access property solicitors in Northern Ireland. By making shrewd decisions when it comes to properties, people can boost their long-term finances.
For example, anyone looking for a home that will prove to be a sound investment can benefit from avoiding superficial issues when they view properties. Decor and furnishings can easily be changed and therefore should not sway potential buyers. In contrast, location and square footage are crucial when it comes to long-term value, meaning they should carry much greater weight.
Also, it is vital that when people do put offers in for homes, they go through all the proper legal channels. This can help ensure they avoid potentially tricky problems further down the line. To get a quote for property legal advice, people can simply head online. The process is quick and simple, and it can help people to plan their finances when they are buying a new home.
About the Author – Anna Longdin is a freelance blogger who contributes regularly to a wide range of property websites, including First Time Buyers.
