Newry land with permission for housing development on sale for £350k
A tranche of land in Co Down which has planning permission for a housing development has gone on the market for £350,000.
The site is in a semi-rural location in the townland of Ballyblaugh, accessed by the Glen Road and around 7.5 miles north of Newry.
The land has been placed on the market by commercial property firm Lisney, and already benefits from full planning permission for 38 homes.
House-building in Northern Ireland has begun to pick up over the last 12 months. In Coleraine, plans have been lodged to build 385 homes while, in May, it was revealed that 800 homes are to be built in Derry as part of a £100m development at Ballyoan, close to Crescent Link and Clooney Road.
Meanwhile, Carryduff firm Fraser Houses hopes to build 1,000 properties off Movilla Road in Newtownards.
The Rivenwood project is expected to create around 500 jobs and will take 10-12 years to complete.
And Lagan Homes has said it is planning to construct 550 family homes in two locations in Bangor, in a major £90m development for the town.