| 0°C Belfast

New name on the street as Propertyhop jumps in

A new residential sales and letting agency has been formed, demonstrating the attractions of establishing new property businesses at a time of recession.

Propertyhop will operate from the offices of mortgage brokers Mortgage IQ in offices in east Belfast, Lisburn, Bangor, Newtownards, Glengormley, Ballyclare, Ballymena and Enniskillen.

Naomi Long, the new Alliance Party MP for east Belfast, launched the new Propertyhop at Holywood Arches in her constituency.

She said: “Amidst the the recession and the general doom and gloom of the last couple of years, it is hugely refreshing for me to welcome a local business willing to buck the trend by launching a new and exciting venture across the province.

“I believe this kind of bold and positive step can help provide a much needed boost to the local economy, create jobs, increase confidence in the housing market and generally fly the flag for homegrown Northern Irish businesses making their mark during difficult economic times.

“In particular I welcome their addition to some of the country’s busiest high streets which, of late, have been plagued by so many foreclosures and vacancies.”

Chris Ferguson, manager of Propertyhop in east Belfast, said: “Propertyhop is an exciting new agency with new ideas. As well as having our in own in-house mortgage brokers and financial advisors, one of our key strengths is in our vast market coverage.

“Launching eight offices makes us one of the largest agents in Northern Ireland and enables us to deliver expansive marketing channels for a wide ranging customer base.”

He said the agency sold properties for a fixed rate rather than a percentage of sale price.

Tanya Martin, director and co-founder of Mortgage IQ, said the new partnership would give a complete property service and it would deliver better customer service at more competitive prices.