There is little doubt that direct property investment is re-emerging as a preferred investment class due to poor returns on cash deposits and enhanced market sentiment. It’s a case of “back to basics, accepting that it is prudent to take a medium term view on property and acknowledging that capital growth will be steady rather than instant.
Earlier in the year, we reported on how renewed confidence on the part of developers and investors was leading to resurgence within the local property market across all sectors.
Photo - Copyright © Kevin Cooper Photoline. The Northern Ireland Retail Trade Association (NIIRTA) recently launched its Cut the Cost Campaign in the Stormont Hotel at an event sponsored by Osborne King. The main aim of the event was to outline key issues affecting the retail trade industry in Northern Ireland such as rates, energy costs, red tape and concerns about the cost of the national living wage.
Osborne King held a coffee morning fundraiser in aid of Macmillan on Friday 25th September 2015. This was a great event and thanks to all the efforts from the Osborne King Staff we managed to raise £412 for this worthy cause. After the event we also donated any leftover cakes to the Welcome Organisation, a group who work with and for people affected by or at risk of homelessness
Property was traditionally viewed as a steady investment that would grow in value over the medium to long term, not double in value within two years or indeed 10 minutes because of new planning permission. Many of those who simply speculated on the property market and traded or “flipped” property for a quick capital gain are long gone. However, those experienced investors who have been in it for the long run are now seeking to return to the market.
Osborne King have been placed 6th in the UK top Auctioneers for the first half of 2015 - information according to Essential Information Group (EIG) figures released on 25th July 2015 in Estates Gazette magazine. (Source EIG and Estates Gazette 25th July 2015). With thirteen auctions in just under four years and an overall success rate of 92% raising over £34 million we have demonstrated that our auctions are meeting clients' requirements even in the most challenging market in living memory.