Repossessed Houses For Sale in Belfast
Repossessed and Below Market Value Property Belfast

– Below market value properties in Belfast are a fantastic investment opportunity. 

– Belfast has a population of 585,000.

– That’s an estimated 243,750 households.

– The average property price in Belfast is £129,700.

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Belfast once had a mediocre reputation, but after time Belfast has developed beautiful galleries, great nightlife, a number of museums, a wide variety of tourist attractions as well as having approachable locals. With all these improvements and much more to offer, the reputation of the city of Belfast has very much improved in recent years. Following the improved reputation, the city has seen a recent rise in property prices. Buy association stated that the city saw a 4.5% rise in 2017, Hometracker UK City house Price Index reported this rise as being part of the top 15 in the UK. However, despite this rise, many potential investors have not yet been priced out as they have in many areas of London, as the average property price still remains below 150 thousand

Repossessed homes in Belfast

Another important thing to consider if you are interested in investing in repossessions in particular, is that the repossession rate in Northern Ireland is very high compared to the rest of the UK. Figures reported from the Belfast Telegraph portrayed a huge rise in NI repossession rates in recent years, as there was over 6,000 repossessed homes and properties by banks and building societies between 2007-2014, far higher than anywhere else in the UK. This shows that purchasing a repossessed house in Belfast is a money making idea. These findings were reinforced in 2016 by the Mortgage Service Company HML, who stated that in 2016 around 0.27% of residential mortgages were on course to result in repossessions, this would again make them higher rates than any other region of the UK. Considering these points, there is opportunity to buy property in Belfast below market value due to the amount of distressed property potentially available.

    Our Partners:

    PrimeCentrum are an independent real estate consultancy specialising in the acquisition, structuring and distribution of residential buy-to-let investment property. Through their expert industry knowledge they identify key cities that will deliver the best capital growth and income potential for their global client base and secure exclusive access to market leading products with below market value discounts.
    Domus Holmes Property Group provides a range of property related services to a variety of clients.
    From serious investors exploring opportunities to expand their portfolios, to first time buyers seeking that elusive first step onto the property ladder or even to a disheartened vendor who needs help in selling a property, Domus Holmes Property Group has a property service that can be tailored to suit you.

    Vin-X are a fine wine investment company that offer tax efficient investments that are generally exempt from Capital Gains Tax, VAT and Duty.
    RHFS is your partner in finding the right supplier to provide you with BMV / high yielding properties, and other efficient investments!