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Major interest in Newry new builds

Best Property services has reported a significant upward trend in new developments with a number of residential developments selling out within the year. The news is sure to come as a boost to a property sector that’s been feeling the brunt of the recession. The team at best has noticed significant enquiries for new developments in recent months bucking the trend of the general property market. Residential sales negotiator Siobhan Phillips said: “There is a perception that there is no movement in the property market but we have had significant success with new developments recently for example Ravensglen in Newry which completely sold out this year and the first phase of Tobar Bilnne which sold out very quickly. The sign for the second phase for Tobar Bilnne has just gone up and within days I had enquiries for a number of the properties. Woodvale Bessbrook has also been very successful. It’s a development by Colm Meehan Homes of 20 properties, 12 are already sold and the final phase of eight properties is available fully turnkey, which is ideal for first time buyers. New developments and town houses are a market sector which commands major interest and yet supply is quite limited in Newry at the minute,” she said. “One notable mini trend is that a number of buyers work across the border and the location of Newry and in particular, the new development in Meigh seems very appealing to reduce that commute to work.”


Newry Democrat

13th December 2011