Northern Ireland emerging as one of the UK’s most attractive long-term rental investments
- Northern Ireland rents have increased by approximately 51% over the past five years
- Tenant enquiries have risen by approximately 33%, highlighting continued demand for quality rental accommodation.
- Four of the five fastest-growing housing markets in the UK are located in Northern Ireland
- 26% of landlords in England sold at least one rental property during 2024, while only 8% purchased additional rental homes
- Belfast, Derry, Newry, Lisburn and Bangor have emerged as Northern Ireland’s leading Rental Wellness Hotspots for long-term tenant retention and landlord investment.
Northern Ireland is emerging as one of the UK’s most attractive destinations for long-term rental investment, according to new Rental Wellness research highlighting strong tenant demand, rising rents and growing opportunities for landlords.
The findings, from leading Belfast-based estate agency John Minnis come as landlord exits continue across England, where industry surveys show 26% of landlords sold at least one rental property during 2024, while only 8% purchased additional rental homes. Further research suggests 31% of landlords plan to reduce their portfolios over the coming years.
By contrast, Northern Ireland continues to experience strong rental demand and limited supply, with rents increasing by approximately 51% over the past five years and tenant enquiries rising by around 33%.
The report identifies a growing trend towards “Rental Wellness” – homes that encourage longer tenancies through better property quality, energy efficiency, location and overall tenant wellbeing.
For landlords, longer tenancies can mean lower void periods, reduced re-letting costs and more stable rental income. For tenants, it provides greater housing security, community connection and quality of life.
Northern Ireland’s Rental Wellness Hotspots
The research identified five standout locations combining tenant demand, long-term occupancy potential, affordability and growth.
| Area | Rental Wellness Score |
| Belfast | 91 |
| Derry | 89 |
| Newry | 87 |
| Lisburn | 85 |
| Bangor | 84 |
Belfast
Northern Ireland’s highest-ranked location, driven by strong tenant demand, employment growth and a diverse rental market.
Derry
One of the strongest all-round opportunities, combining affordability, growing demand and long-term growth potential.
Newry
Benefiting from its strategic location and increasing economic activity, Newry continues to attract investor attention.
Lisburn
A popular choice for families, offering stable tenant demand and strong long-term occupancy.
Bangor
While many investors across England continue to review their property portfolios amid changing market conditions, Northern Ireland is increasingly attracting attention as a compelling alternative for long-term rental investment. The region combines comparatively affordable property prices with strong tenant demand, limited rental supply, attractive yields and growing regional economies, creating favourable conditions for both new and experienced landlords.
However, Northern Ireland’s appeal extends beyond affordability alone. Many of its most popular rental locations offer the lifestyle, connectivity and community attributes that tenants are increasingly seeking, helping to support longer tenancy durations and more stable rental income. As landlords place greater emphasis on tenant retention and sustainable returns, Northern Ireland’s ability to attract and retain long-term renters is becoming one of its strongest investment advantages.
John Minnis, Founder of John Minnus estate agents, says:
Coastal living, commuter connectivity and lifestyle appeal continue to support demand from long-term renters.
“We’re seeing a noticeable shift in what tenants are looking for from a rental property. While location and affordability remain important, renters are increasingly considering the overall quality of life a home can offer.
Features such as energy efficiency, comfortable living spaces, access to outdoor amenities, strong transport connections and a sense of community are becoming much bigger factors in decision-making, particularly among professionals, families and those working remotely.
As housing costs continue to rise across the UK, tenants are also placing greater importance on stability. Many people are looking for homes where they can see themselves staying for several years rather than just their next tenancy term.
Our Rental Wellness research reflects this changing mindset. Properties that provide a better overall living experience often attract longer-term tenants, which is beneficial not only for renters seeking security and wellbeing, but also for landlords through reduced void periods, lower turnover costs and more consistent rental income.
Ultimately, the strongest-performing rental properties are increasingly those that people are happy to call home for the long term.”
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