In Q4 2019 Belfast recorded its largest ever quarterly take-up and the sector was buoyant for
2020 with the Stormont Executive back in place and confidence high for the year ahead. Fast forward a couple of months and by late February the local market was bracing itself for a lockdown not knowing at that stage whether it would be weeks or months of inactivity in the local property market. The result is that Belfast recorded its lowest take-up figure since 2010. Whilst the immediate term picture is subdued, the Belfast market is very resilient and still boasts the most competitive occupational market in the UK with strong sector fundamentals.