07/10/2011
NAMA Take Control Of NI Property
The Irish Government's National Asset Management Agency (NAMA) has released more details about the Northern Ireland properties it has repossessed.
According to the BBC the properties have been published in an updated list containing more than 50 sites.
It is understood that the remainder of developer Mervyn McAlister's portfolio have been taken on by the agency.
This includes five sites in Ballycastle, two in Dungannon and one each in Belfast, Ballymoney and Loughguile.
This is the same developer who had planned to build the tallest building in Belfast, the Aurora skyscraper.
Meanwhile a portfolio that was once controlled by Dromore developer Sam Thompson was also on the list.
Mr Thompson, who is now bankrupt, had borrowed heavily from Anglo Irish Bank.
Another notable site on the list is a 40-acre site at Drumahoe outside Londonderry which was owned by McDaid Developments (Ireland).
Nama was set up by the Irish government in response to the property and banking crisis.
They have taken over £3.5bn of Northern Ireland property and land loans.
The asset agency warned NI landowners and developers that what was once viewed as hugely valuable land is now almost worthless.
They said the end of the false property boom was going to cause "financial pain".
(LB/BMcC)
According to the BBC the properties have been published in an updated list containing more than 50 sites.
It is understood that the remainder of developer Mervyn McAlister's portfolio have been taken on by the agency.
This includes five sites in Ballycastle, two in Dungannon and one each in Belfast, Ballymoney and Loughguile.
This is the same developer who had planned to build the tallest building in Belfast, the Aurora skyscraper.
Meanwhile a portfolio that was once controlled by Dromore developer Sam Thompson was also on the list.
Mr Thompson, who is now bankrupt, had borrowed heavily from Anglo Irish Bank.
Another notable site on the list is a 40-acre site at Drumahoe outside Londonderry which was owned by McDaid Developments (Ireland).
Nama was set up by the Irish government in response to the property and banking crisis.
They have taken over £3.5bn of Northern Ireland property and land loans.
The asset agency warned NI landowners and developers that what was once viewed as hugely valuable land is now almost worthless.
They said the end of the false property boom was going to cause "financial pain".
(LB/BMcC)
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27 April 2004
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
21 August 2013
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
08 March 2012
Nama Lend To NI Investors
In a bid to revive Northern Ireland's floundering property market offers of loans have been made to property investors. The Irish Government’s National Asset Management Agency (Nama) has said that they will lend to investors who want to buy property from their list or reprocessed properties.
Nama Lend To NI Investors
In a bid to revive Northern Ireland's floundering property market offers of loans have been made to property investors. The Irish Government’s National Asset Management Agency (Nama) has said that they will lend to investors who want to buy property from their list or reprocessed properties.
30 April 2014
New Dwelling Starts Drop 35%
The total number of new dwelling starts in Northern Ireland has fallen by 35% over the year, according to the latest Northern Ireland Housing Bulletin.
New Dwelling Starts Drop 35%
The total number of new dwelling starts in Northern Ireland has fallen by 35% over the year, according to the latest Northern Ireland Housing Bulletin.
16 January 2012
NI Bankruptcy Soars
It has been revealed that more than four people a day have declared themselves bankrupt in Northern Ireland since April. According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
NI Bankruptcy Soars
It has been revealed that more than four people a day have declared themselves bankrupt in Northern Ireland since April. According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.