Newry.ie

It's been a good year for property sales, according to the Residential team at Best Property Services with residential resale properties checked up 11% on 2017 sales at £18.5M. Part of the growth has been atributed to buyers who work in Dublin with higher earnings.

Adrian Doran, Residential Sales said “We’ve seen an average price increase of 9 per cent across all sectors - detached, semi-detached and apartments- across the year. First time buyers are also benefiting from access to several lending options and are typically pre-qualified with a mortgage promise and deposit in place. With potential buyers out weighing current supply this has resulted in competitive bidding becoming more common place and some properties achieving more than guide price.

The Best Property Services Team
The Best Property Services Team

“The other notable trend we’ve tracked this year in an increase in the number of local buyers working in Dublin and benefitting from the strong labor market and current favorable exchange rate many have a higher earning potential so that’s contributing in part to the 9 % increase and demand for both starter homes and clients looking to trade up.

The investor market also remains strong driven by the strong local rental market particularly in the urban areas and rents have shown approx a 7% increase in the last year.

With the burgeoning new build market, developers are keen to launch new phases of existing schemes, but planning is sluggish. Siobhan Philips, Best New Homes advisor said that a number of new schemes have launched this year. “These offer significantly more new build properties in Newry, Bessbrook and Warrenpoint namely Hillcrest Village McKnight’s Hill, Woodvale Derrymore Road, Ballyblaugh Meadows, Newry and Seafields Court.

Further releases in Woodvale and Hillcrest Village, Bessbrook are expected in the New Year,” Siobhan adds.

Land

Farmland continues to be a sound long-term investment and a shelter for some buyers from Inheritance Tax Garry Best reports.

“Looking at the average price per acre for the six largest farms sold since January 2018 - approximately 380 acres – including good quality farmland, the average sales figure of £14,500 shows a very positive 10% rise on the2017 average,” Garry said.

Garry reports that demand for rural building sites is increasing gradually with average price achieved rising from £57,500 in 2017 to £68,000 in 2018 – representing an 18% rise.

Commercial

The big story in terms of commercial property in Newry is the unprecedented volume of industrial sales during 2018 said Commercial Director Ciara Aiken.

“Unlike previous years there have been several large Industrial sales transactions on and off the market in Newry, Lurgan and Rathfriland. There is pent up demand for industrial space for sale and to let given that there has been very little industrial development untaken in the last decade.”

This has been a good year for commercial sales and lettings in general with a rise in transaction levels by 15% with more readily available funding, buoying up that figure,” Ciara added.

Demand for office space remains consistent whilst the retail market remains challenging, however, there are some highlights including some sizable retail lettings during the year including NI Furniture Retailer, House Proud, who have just opened a 10,000 sq. ft store in Newry’s main commercial thoroughfare, Hill Street – representing the largest letting on Hill Street since 2012.

There will be exciting start to 2019 on Merchant’s Quay in Newry City as Custom House as Bests Commercial team has negotiated a long term let of a modern glazed Ground Floor unit to a well-known food retailer with other tenants currently under discussion and further news expected in the new year.

Pin It

WHAT'S ON IN NEWRY

22Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
22Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
22Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
22Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
22Jul
d3e99a53f1992fbffb7704b59bedd30382050f202e70206e5bed9be26259a9e6.jpg08:00PM - 11:00PM]
Kieran Goss and Annie Kinsella
St Bronagh's Social Club
22Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
22Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
22Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
22Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
22Jul
d3e99a53f1992fbffb7704b59bedd30382050f202e70206e5bed9be26259a9e6.jpg08:00PM - 11:00PM]
Kieran Goss and Annie Kinsella
St Bronagh's Social Club
23Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
23Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
23Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
23Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
24Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
24Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
24Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
24Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
25Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
25Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
25Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
25Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
26Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
26Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
26Jul
image002.png02:00PM - 04:00PM]
Ceol na Croise - Ríoghnach Connolly Singing Masterclass
Crossmaglen Credit Union (Copy)
26Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
26Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
26Jul
image002.png08:00PM - 11:00PM]
Ceol na Croise - Ríoghnach Connolly in concert
Creggan Church
27Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
27Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
27Jul
11:00AM - 03:00PM]
Stephen Fitzpatrick Auction
Stephen Fitzpatrick Auctioneers
27Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
28Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
28Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
28Jul
2D6DAE06-298B-47BA-A03D-986B23341B60.jpeg11:00AM - 01:00PM]
Charity Dog Walk - PIPS Hope and Support
Kilbroney Forest Park
28Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
29Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
29Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
22Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
22Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
22Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
22Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
22Jul
d3e99a53f1992fbffb7704b59bedd30382050f202e70206e5bed9be26259a9e6.jpg08:00PM - 11:00PM]
Kieran Goss and Annie Kinsella
St Bronagh's Social Club
23Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
23Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
23Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
23Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
24Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
24Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
24Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
24Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
25Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
25Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
25Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
25Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
26Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
26Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
26Jul
image002.png02:00PM - 04:00PM]
Ceol na Croise - Ríoghnach Connolly Singing Masterclass
Crossmaglen Credit Union (Copy)
26Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
26Jul
GF FLYER  110719.jpg07:00PM - 09:00PM]
Gluten Freedom - Gluten Free Workshops
Soulbia
26Jul
image002.png08:00PM - 11:00PM]
Ceol na Croise - Ríoghnach Connolly in concert
Creggan Church
27Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
27Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
27Jul
11:00AM - 03:00PM]
Stephen Fitzpatrick Auction
Stephen Fitzpatrick Auctioneers
27Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
28Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
28Jul
Peggy-Seeger.jpg10:00AM - 12:00AM]
Fiddlers Green Festival
Rostrevor (Various Locations)
28Jul
2D6DAE06-298B-47BA-A03D-986B23341B60.jpeg11:00AM - 01:00PM]
Charity Dog Walk - PIPS Hope and Support
Kilbroney Forest Park
28Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
29Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
29Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
30Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
30Jul
image002.png05:30PM - 05:00PM]
Through the Eye Exhibition
Sean Hollywood Arts Centre
31Jul
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
31Jul
_DSF1812.jpg07:00PM - 08:30PM]
Newry Cathedral Tour
Newry Cathedral
01Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
02Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
03Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
04Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
05Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
06Aug
12:00AM - 12:00AM]
Dance Summer Camp
Threeways Community Centre
14Aug
_DSF1812.jpg02:00PM - 03:30PM]
Newry Cathedral Tour
Newry Cathedral
17Aug
_DSF1459.jpg11:00AM - 05:00PM]
Newry Maritime Association Coach Trip
Gaeláras Mhic Ardghail

VIDEO

Larisa Sokele - Diverse City
Larisa Sokele - Diverse City

Larisa Sokele from Latvia talks about her Dressmaking business in Newry

Dan Gebski - Diverse City
Dan Gebski - Diverse City

Dan arrived in Ireland 15 years ago and lives in Newry with his wife and five year old son.

Newry.ie require Cookies on some parts of our site to enable full functionality. By using Newry.ie you consent to our use of Cookies. You can use your browser settings to disable cookies on this or any other website.
More information Ok