# Exclusive new Frontiers’ Collection launch to capitalize on Northern Ireland housing supply shortfall Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-12-01 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: New Belfast Apartments Launch by Property Frontiers | Meta Description: With housing demand surpassing supply in Belfast, Property Frontiers launches new apartments at The Sandford in the desirable Titanic Quarter. Capitalise on the URL: https://financedigest.com/exclusive-new-frontiers-collection-launch-to-capitalize-on-northern-ireland-housing-supply-shortfallhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/article-imsdfgsdfgage-1736844354975-compressed.jpg) - **New homes being built at less than half the rate needed (Savills)** - **Anticipated UK housing market downturn unlikely to impact significantly on Northern Ireland (NIHE)** - **Frontiers’ Collection Belfast apartments newly launched by Property Frontiers** [House prices](https://www.financedigest.com/uk-house-prices-show-unexpected-strength-in-october-nationwide.html "UK house prices show unexpected strength in October: Nationwide") in Northern Ireland remain some 40% below their 2007 peak, but lack of supply is pushing them steadily upward. In light of rapidly increased demand for new homes, [**Property Frontiers**](http://r20.rs6.net/tn.jsp?f=0019RkbF-bl8lY5Z3LywIBHhhhXrsm98FmiAodgTEfbxq5qms6Nizg5bbJqWtZy5_eN6nPdkba9DHaD5snohrwU51uZVLwCw6XsbLoXhCYRI0IYeZ-ni4tjamyJLKYiP0OWwC3Ok-XkMgTMno-va8jj9YojJNV2rZbD0IdBIw7Y21riQwmIK-b53Q==&c=FVjJtqn2PN8zJiW8PiPC5AD2vZw-B8uVwFAYPg8M417ZBi1qex6eTw==&ch=CLLsY6_fMkg_zxGg5L3Me7YisBBCeviFY3ioBTM2Ci1i-ApsfWqicQ==) has launched the second phase of [the Frontiers’ Collection](http://r20.rs6.net/tn.jsp?f=0019RkbF-bl8lY5Z3LywIBHhhhXrsm98FmiAodgTEfbxq5qms6Nizg5baN7tTrAXS3YLaAGSi4Kmqw56x8wTIa5iJpA5g03j7qeNgQFcCTFMm_MNRou3hnTugcXpl8gUe00OjKU_JfBCdqBQ7aIIYcxqIOFDSsqPXKIjLaZQNDUXPUwCam4sSdntx1-ENdOCikh9izXet5qUDEP3OvDahr8XF6btUlJHuDboenyIaKuYwlw7xMUzS5-DldXq38ZX-npa8ghpZ7QZKw2u0HsX6_eyIwfzNtL_oAwbhfY-AKceJg=&c=FVjJtqn2PN8zJiW8PiPC5AD2vZw-B8uVwFAYPg8M417ZBi1qex6eTw==&ch=CLLsY6_fMkg_zxGg5L3Me7YisBBCeviFY3ioBTM2Ci1i-ApsfWqicQ==) apartments at The Sandford in Belfast. According to Savills, house prices in [Northern Ireland](https://www.financedigest.com/uk-considering-delay-to-northern-ireland-elections-ireland-minister-says.html "UK considering delay to Northern Ireland elections, Ireland minister says") increased faster than in any other UK region in 2014. In 2015, they shot up by 8%, and over the [coming three years they are expected to rise](https://www.financedigest.com/veterinary-tables-market-rise-to-meet-large-demand-in-coming-years-fact-mr-study.html "Veterinary Tables Market Rise To Meet Large Demand In Coming Years, Fact.MR Study") by 6% per annum. Lack of supply of new dwellings is one of the main reasons behind the projections, despite construction [output having grown by 4.1% in Q2 2016, based on data from the Department for the Economy](https://www.financedigest.com/japans-economy-likely-shrank-in-q3-on-weak-consumption-output-reuters-poll.html "Japan’s economy likely shrank in Q3 on weak consumption, output – Reuters poll"). Social housing figures [back up the need](https://www.financedigest.com/exclusive-new-investor-backs-bt-says-fibre-jv-may-not-be-needed-source.html "Exclusive-New investor backs BT, says fibre JV may not be needed – source") for new housing. According to official government estimates, some 37,000 households are on the registered waiting list for [social housing](https://www.financedigest.com/firms-struggling-with-the-s-in-esg-should-look-to-social-housing-for-a-blueprint.html "Firms struggling with the ‘S’ in ESG should look to social housing for a blueprint"). Northern Ireland’s Minister for Communities has stated an ambition to start a further 9,600 new social homes by 2021, at a [rate of 2,000 per year](https://www.financedigest.com/u-s-dollar-rallies-to-more-than-2-year-hike-on-steep-fed-rate-hike-outlook.html "U.S. dollar rallies to more than 2-year hike on steep Fed rate hike outlook"). Meanwhile the Housing Executive’s Northern Ireland Housing [Market](https://www.financedigest.com/uk-housing-market-keeps-momentum-but-slowdown-ahead-halifax.html "UK housing market keeps momentum but slowdown ahead: Halifax") Review and Perspectives 2014-2017 report has forecast that some 190,000 new homes will be needed between 2008 and 2025. That equates to 11,200 new dwellings per year, but Savills has confirmed that less than half of that number were completed in 2015. The worsening lack of [supply is impacting on prices](https://www.financedigest.com/no-poop-for-you-manure-supplies-run-short-as-fertilizer-prices-soar.html "No poop for you: Manure supplies run short as fertilizer prices soar") across the country. **Property Frontiers CEO Ray Withers** comments, We’ve seen [prices rise across Northern Ireland over the past](https://www.financedigest.com/bitcoin-price-rises-past-50000-as-rebound-continues.html "Bitcoin price rises past ,000 as rebound continues") couple of years and the Belfast housing market is benefitting from that trend. With buyers able to look forward to the prospect of capital [gains paired with steady](https://www.financedigest.com/dollar-steadies-near-16-week-low-yuan-set-for-biggest-weekly-gain-since-2005.html "Dollar steadies near 16-week low, yuan set for biggest weekly gain since 2005") buy-to-let income, now is the ideal time to launch the Frontiers’ Collection. The contemporary style of the apartments is perfectly [suited to the needs of Belfast’s dynamic](https://www.financedigest.com/camouflage-suit-market-global-expansion-by-key-segments-and-industry-dynamics-from-2021-to-2029.html "Camouflage Suit Market Global Expansion By Key Segments And Industry Dynamics From 2021 To 2029") workforce. Many recent graduates and other professionals working in the city’s booming digital tech sector are keen to make the Titanic Quarter their home and demand for [rental property](https://www.financedigest.com/looking-to-buy-a-rental-property-heres-why-you-need-a-property-manager.html "Looking to Buy a Rental Property? Here’s Why You Need a Property Manager") in the city is strong. Belfast is the most significant rental market in Northern Ireland, accounting for 43% of all rental transactions in the country. The city’s e-commerce, app and software development and [cyber security](https://www.financedigest.com/the-new-cyber-agency-helping-tech-startups-stay-secure.html "The New Cyber Agency Helping Tech Startups Stay Secure") companies recently led the Tech National 2016 report to put it on a par with London and Manchester as one of the key digital tech clusters in the UK. Professionals working across the industry are keen to rent modern, stylish homes located in the heart of the city, with the Titanic Quarter proving particularly attractive thanks to its unique blend of leisure activities and employment opportunities. As Northern Ireland’s economy strengthens and housing demand continues to fall further behind supply, many buyers are keen to capitalize on the [opportunities that Belfast offers](https://www.financedigest.com/cycling-power-meter-market-to-offer-lucrative-growth-opportunities-for-players-during-the-forecast-period-2018-2026.html "Cycling Power Meter Market to Offer Lucrative Growth Opportunities for Players During the Forecast Period 2018 – 2026"), according to Property Frontiers. Interestingly, Brexit worries are not being felt so strongly in the city as they are in some other areas of the UK, despite Northern [Ireland voting](https://www.financedigest.com/ireland-to-vote-on-removing-outmoded-references-to-women-from-constitution.html "Ireland to vote on removing ‘outmoded’ references to women from constitution") overwhelmingly to remain in the EU. As the Northern Ireland Housing [Executive](https://www.financedigest.com/surgical-hand-access-port-market-executive-summary-introduction-sizing-analysis-and-forecast-to-2028.html "Surgical Hand-Access Port Market Executive Summary, Introduction, Sizing, Analysis And Forecast To 2028") summarises, Unlike in the mid-2000s, Northern Ireland has over the past few years only experienced steady, [sustainable growth](https://www.financedigest.com/robo-taxi-market-expected-to-witness-a-sustainable-growth-by-2030-tmr-insights.html "Robo-Taxi Market Expected To Witness a Sustainable Growth by 2030 – TMR Insights"). It is therefore unlikely that the [expected downturn in the UK housing market](https://www.financedigest.com/briquetting-press-market-expectations-growth-trends-highlighted-until-2028.html "Briquetting Press Market Expectations & Growth Trends Highlighted Until 2028") will impact significantly on house prices in Northern Ireland. What better time to invest? Contemporary apartments at The Sandford, in Belfast’s Titanic Quarter, are available from £114,750 for a one-bedroom home and £141,750 for a two-bed. Already under construction, the apartments are available through the Frontiers’ Collection from Property Frontiers. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---