Belfast commercial property sector booming | 18 December 2012
Demand for commercial property in Belfast is high as an increasing number of would-be investors signal more office developments are needed.
That’s the conclusion drawn up by Harry Crosby, a spokesperson for commercial property firm Osborne King, who believes more developments are needed to cope with increasing demand, belfasttelegraph.co.uk reports.
In addition, the Northern Irish commercial property market is currently ‘good’ and shows signs of ‘stable returns’ – according to a report by academics from the University of Ulster.
The report concluded that despite the ‘most pronounced real estate recession in the history’ of the market in NI, there was now ‘subjective evidence’ of stable returns – should investors enter the market.
Alderman Gavin Robinson, the Lord Mayor of Belfast, believes the report provides ample evidence of the investment opportunities that are available in Belfast currently and in the years to come.
He told ulster.ac.uk: “This report provides an evidence base to promote economic expansion and social mobility offering international investors the right information to make informed investment decisions.
“Belfast will become a super connected broadband city by 2015 and Belfast City Council want to ensure that Belfast stays on course for a better and successful future, one worthy of the talent, energy and resilience of its people,” he added.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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