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Belfast House Prices buck 'Race for Space' Trend...anyone hazard a guess why?


Data Dave
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On 25/06/2021 at 04:45, 2buyornot2buy said:

Lots of talk last year about people moving here from England and pushing up prices. We have a bit more info now from the NI population estimates. Belfast had 2500 more people leave to GB than arrived. 

Could it be said that people leaving Belfast would be younger with low net-worth but people returning from London would be older with a high net-worth and family? Would this feed into higher prices in the mid/upper market?

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8 hours ago, Uchimata said:

Could it be said that people leaving Belfast would be younger with low net-worth but people returning from London would be older with a high net-worth and family? Would this feed into higher prices in the mid/upper market?

It could be that. It could also be EA bias. The low base level of transactions from people returning, a massive increase last year as a percentage but a really small absolute number. 

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