Letters: Northern Ireland Housing Market Requires Clarity from Chancellor
John Minnis, founder of award-winning Belfast-based estate agency John Minnis, comments on housing proposals that have been floated ahead of the UK Chancellor’s Autumn Budget. Sirs, The latest Budget puts housing firmly on the political agenda, with proposals such as potential stamp duty adjustments and new taxes on higher-value properties now being considered. While these measures may create uncertainty for some, the Northern Ireland market continues to show resilience, with buyers and sellers still moving ahead with confidence. There has been talk about extending National Insurance to rental income and altering Capital Gains Tax relief on main homes. Changes like these could affect affordability and could influence the supply of properties if introduced. The Northern Ireland market is performing well, and what people need now is clarity in the Budget so they can plan with certainty. Why higher taxes won’t deter home owners from selling People in Northern Ireland typically move because of lifestyle changes – family needs, work opportunities, or downsizing – rather than tax policy alone. While some may pause to see what’s announced, most sellers are still coming to market, and well-presented homes continue to attract strong interest. The market here remains buoyant. Proposed changes to the current system Change naturally brings uncertainty, but the housing market in Northern Ireland has successfully adapted to many reforms over the years.Ultimately, what matters most is clarity and stability. Whether the system evolves or stays as it is, buyers and sellers will continue to make moves because housing remains a core part of life.Northern Ireland’s property market showing remarkable strength and resilience With average house prices rising – and demand from buyers, renters, and investors remaining consistently high – Northern Ireland stands out as an affordable yet growth-driven destination. John Minnis Founder and Director, John Minnis Estate Agents Staff ReporterFMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026. FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026. View all posts
