Property Demand Remains Strong Despite the Pandemic
According to the University of Ulster House Price Service, transaction levels were down for the first quarter and half of the second quarter of 2020 . The reopening of the market led to strong levels of market enthusiasm as well as a marked uplift in transactions.
Best Property Services Dungannon Managing Partner, Conor Mallon said,
"Demand for residential property in Mid-Ulster is still strong.
"We are seeing a very strong demand for four-bedroom homes with many buyers looking for larger detached homes.
"There certainly seems to be more people who are planning to work from home on a long term basis and who want a bit more space.
"There is also a scarcity of 2/3 bedroom bungalows which are suitable for down sizers.”
There are less first-time buyers in the market at present due to restricted loan to values which means buyers are needing to save a bigger deposit to purchase property with a mortgage.
In the Dungannon and South Tyrone Areas are seeing an innovative approach by some builders in new developments who are prepared to reserve houses subject to an agreed extended time period to allow buyers to get a mortgage approved.
Co-Ownership is still very busy with processing applications and we are currently assisting many first-time buyers with Co-Ownership advice.
If you are looking for new homes in the Dungannon Area then get in touch with us by phone email or on our social media channels
Contact: Samantha Thompson 07526720001| firstname.lastname@example.org
About Best Property Services Dungannon Branch:
We are specialists in New Homes & Developments in the Dungannon and South Tyrone area.
Our Dungannon team offer deep knowledge and experience in all areas of buying and selling homes, land and commercial property, disposals & lettings, compulsory purchase, and property litigation.
Our professional, personal and proactive approach to property sales and knowledge of the local property market in the Dungannon and South Tyrone area is what sets us apart.
Click here to meet the Dungannon Team