Focus on Northern Ireland – Shoosmiths legal updates

As with other parts of the UK, the last 18 months have seen a period of exceptional market activity in the living sector in Northern Ireland, despite the economic challenges of Covid. Much of that activity has in fact been driven by the societal challenges and behavioural shifts brought about by the pandemic.

Northern Irish “ex pats” (particularly those in London and the South East) have been returning to Northern Ireland in unprecedented numbers with their “deep pockets” and are snapping up large, detached properties in some of Northern Ireland’s most desirable and expensive locations. As such, supply for quality stock continues to out strip demand and the market continues to run “hot”. 

This is due in part to a demand and supply imbalance, which already existed prior to the pandemic but which has now been intensified by our collective prioritisation of the need for more space and greater

Continue reading this article at https://www.shoosmiths.co.uk/insights/comment/focus-on-northern-ireland