Armagh Town

[Joe Nonety]

Anyone know much about this area?
Also what's the situation with stamp duty in Northern Ireland and also do new developments have stage payments?

 

[newkid30]

dunno anything about Armagh town, but property prices in the North are soaring like they were down here about 5 years ago. I know a few people who've bought in Belfast and made killings in terms of investment.

 

[CCOVICH]

Is this a question about Armagh as a place to live or a place to invest?

 

[uroman]

I live in Armagh and in answer to your question stamp duty rates are 1% on property purchases from £150k to £250k and 3% between £250k and £400k. Armagh city has seen a hugh increase in property prices and has been one of the hot spots in NI. New developments are normally snapped up very quickly. Typically on most developments there is just a booking fee payable at contract stage with the remainder due on completion.
Had you anything in particular in mind?

 

[Raskolnikov]

First of all, it's not a town, it's a city. It's a nice enough little place, no particularly bad history of "the troubles", would definitely be a safe area for Catholics. I'm not exactly sure about long-term prospects for the area in terms of employment anyway. For investment purposes, I'd be more inclined towards the Belfast hinterland. Not only that, but it doesn't have a rail service and is a fairly considerable distance from Belfast.