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House Price Crash Forum

Established Areas Of Belfast/ni

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I had a brainwave this morning:

The price of houses in NI varies a lot.

During the boom, new builds were selling for high prices - fitted with all mod-cons and real coffee machines. :P

However, the big Carswrong stories were about large houses in Established areas of Belfast, Hollywood or Dublin etc...

There was a story of a places going up in price from something like £1million to £2million in the space of a week.

A good example from Dublin is Ailesbury Road which had houses selling for crazy multi million Euro prices!

These big houses in areas like the Malone Road sit on large plots, but they are often in terrible condition and need to have everything replaced from the wallpaper to the plumbing, bathrooms and kitchens!

How are prices looking now for these places.

Given the Baby-Boomer effect - these houses are not up for sale frequently and most of the sellers can wait - don't need to sell.

They will happily have their 4 bed on for £550k when it's really worth £300k (which is still about 20 times what they paid for it).

Does anyone have information on what houses have SOLD for (not, are on sale for £...k) in these areas?

I can't imagine that their premium over newer builds in remoter places will have held as well.

Edited by maxdiver
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  • 415 Brexit, House prices and Summer 2020

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      • down 5% +
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