Agents on the English side of the Irish sea looking to expand their business should look to Northern Ireland now that it has been revealed as the surprise star of the UK property market by UK Finance.The number of people taking out mortgages to buy property in Northern Ireland is at its highest since the early noughties, the trade association says.During the second quarter of this year the number of first time buyers increased by 12.5% in Northern Ireland compared to the same period last year, the highest quarterly level since 2005.The amount of money lent to first time buyers also increased by 16.7% to £0.280 billion, while the number of home movers increased by 6.7% to 1,600.Affordable region“Lending to first-time buyers has overtaken remortgaging as the largest sector by value, reversing the position during the previous quarter, as borrowers take advantage of what remains the UK’s most affordable region,” says Derek Wilson, chair of UK Finance’s Northern Ireland Mortgage Committee (right).“With the number of first-time buyers reaching a 12 year high, it will be important to increase the supply of new homes to match this growing demand.”The country’s perky performance compares well with the other parts of the UK for the same period, where property markets are sluggish. England experienced a lower number of first time buyer and home moving borrowers, as did Wales and Scotland.The downturn in lending has been harshest in England, where during June the number of home movers taking out mortgages decreased by 7.9%, first time buyers by 3.6% and buy-to-let landlords by 19.4%. mortgage lending northern ireland Derek Wilson UK Finance August 23, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Time for a Belfast branch? Northern Ireland booms as rest of UK slows down previous nextHousing MarketTime for a Belfast branch? Northern Ireland booms as rest of UK slows downNumber of first time buyers and home movers taking out mortgages increases during second quarter, says UK Finance.Nigel Lewis23rd August 201801,336 Views
The digital era is no longer on the horizon – it is at our doorstep. The vast majority of business are accelerating their own personal digital transformation journey…taking the steps necessary to stay competitive in an ever-changing landscape. Otherwise, they run the risk of falling behind.Dell Technologies sees a huge opportunity to drive advancement in the space of distributed and edge computing within the emerging connected- and self-driving vehicles segment. Which is why we’re excited to announce Dell Technologies has joined the Automotive Edge Computing Consortium (AECC) in support of its mission to evolve network architectures and computing infrastructures to make managing automotive big data smarter and more efficient.Our partnership with AECC is incredibly timely. Traditional hardware and software infrastructures are becoming overwhelmed with massive data volumes. Current cloud environments, storage and compute are also being challenged to support real-world deployment of connected vehicles. By 2025, connected vehicles will generate $150 billion in annual revenue, grow to 100 million vehicles globally, and as a result transmit over 100 petabytes of data to the cloud per month for currently designed network capabilities and business models. By 2025, future automotive services will require 10 exabytes per month, approximately 10,000 times larger than the present volume.We’re talking about a staggering amount of data that will require unprecedented storage capacity, compute power, next-gen mobile connectivity and intelligence – all of which will need to work together seamlessly in a hyper-extended edge to core to cloud IT infrastructure at-scale to support what is expected to be billions of connected vehicles globally.What’s to comeIn 5-10 years connected cars will need to be equipped with very fast internet access, artificial intelligence and utilize big data analytics for intelligent driving. Vehicles will be required to connect to both dedicated data center clouds and various public clouds through edge compute and networks to facilitate the transfer of large amounts of data in real time. It is evident that managing this data will require radically increased automation capabilities and data center operation improvements, all to support the seamless and safe transfer of big data and communications between vehicles and the cloud. Cars will also be more software-defined and require regular software updates over the air down to the car instead of drivers going to dealers for repairs or new services added. This will require significant OTA management, monitoring and security.A new generation of AI-enabled data centers will emerge, equipped with new hardware and software architectures where persistent memory and compute acceleration will enable large-scale, real-time analytics and machine intelligence, and compute and storage at the edge will be optimized to work seamlessly as an extension of the overall IT system. Standards will play an important role and open architectures will be critical.We will see acceleration and AI in the car become more mainstream to meet the complexity of connected car workloads. But carefully designed and efficient compute and storage in the car will be critical to maximize power usage for driving distance, not IT overhead. Data structures will be simplified with a semantically rich data management framework, and active archiving. In this new world code and data, software updates and high-resolution maps will require a new approach, one that will leverage cloud-native, microservices, dynamic policy allocation and formal methods for software assurance and security. After all, we will see autonomous vehicles becoming a new breed of mobile computing platform.As part of the AECC, our collective call to action is to ensure that new technologies and standards will meet the future needs of the connected car value chain, which is expanding beyond luxury models and premium brands, to high-volume, mid-market models that will be adopted by the masses.Dell Technologies is joining some of the most respected and accomplished leaders across IT, telco, cloud and automotive industries. Ray O’Farrell (VMware CTO and general manager for Dell Technologies’ IoT division) and I will serve on the board of the AECC, leveraging Dell Technologies’ strength in IoT solutions and industry leadership to help further advance the edge ecosystem.Dell Technologies and the AECC will focus efforts on developing use cases and requirements for connected services for emerging devices, with a focus on automobiles, while also preparing architectures for next-gen mobile networks and cloud that are suitable for automotive-oriented use cases. We have the unique opportunity before us to define our future systems to support such massive data volumes. It takes industry partnership to work together to ensure that our challenges are addressed, and innovative infrastructure systems are delivered to enable the future.
Anyone with information about Andres’ whereabouts is asked to contact the Palm Beach County Sheriff’s Office at 561-688-3400 or 911. Palm Beach County Sheriff’s Office deputies are searching for a missing 12-year-old who was last seen Friday at 4:15 PM.Police say, 12-year-old Andres Miguens, is possibly endangered. He was last seen wearing an orange t-shirt, black basketball shorts, and black sneakers.
Facebook0Tweet0Pin0By Ramsey Zimmerman We hear a lot about being “Sustainable”. Most of us have some vague notion about that meaning living our lives without using up too many resources so that people in the future can live good lives too. When I think about sustainability, I think not only about those distant relatives seven generations from now … I wonder what it will take just for US to make it through the next 10, 20 or 40 years. That is where the concept of being “Resilient” comes into play alongside the notion of being sustainable … as resources get scarce and changes happen without warning, how do we continue to live productive, meaningful and steady lives?In 1987, the United Nations Brundtland Commission defined Sustainable Development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. Back in 1987 (when Guns ‘N’ Roses released Appetite for Destruction, one of the greatest musical achievements of all time, in my humble opinion), practically no one wondered if there would be enough gasoline or electricity or wheat to go around. Sure, there was lots of income and wealth disparity, there were “have’s” and “have nots”, but no one thought we were pushing up against any limits to growth or that natural resources or natural systems had any scarcity.Today, we’ve got green this and green that and rainforest certified toothpicks and soup spoons made out of corn starch that you can eat when you’re done with your Chunky Noodle. Everyone is thinking about green and sustainable, whether or not they are actually taking it seriously. Gasoline prices spiked above $4 a gallon more than once, and hang out north of $3.50. American muscle cars are beaten off the line of stoplights by Japanese hybrid electric cars that are practically silent instead of throaty, growling things. Meanwhile, “Global Weirding” has left the pages of Thomas Friedman’s books, made a devastating stop in New Orleans, and now hurricanes are cancelling Broadway Shows (hurricanes are NOT supposed to hit New York, people!). Slash is still wearing his black top hat and rockin’ out, but don’t get me started on where Axl Rose has slid down to.The point is that we’re living it right now and those “future generations” that we’re supposed to ponder and pity and maybe save some scraps for might be our own kids or maybe even our own selves in a decade or two.Which brings me to being Resilient. In this context, “Resilience” is a term that comes out of Ecology, and refers to the extent to which a system is able to withstand unexpected shocks or disturbances without being thrown off or losing its functionality. A resilient business is one that is energy efficient, has diversified revenue streams, multiple suppliers, back-up systems, and disaster preparedness plans in case of catastrophes like natural disasters, computer hackers, or vicious competitors. A resilient government is one that has evacuation plans, local food supplies, a vibrant local business and cultural scene, and engagement with people so that they can respond to whatever the world comes up with next. A resilient person is one who rolls with the punches, or who can effectively adapt to a new situation, or even read a blog entry written by a so-called professional who likes to reference completely random things like hard rock bands without completely losing the thread of the points being made.Don’t get me wrong. I’m not an alarmist. I just want to make sure that we can collectively make it from Point A to Point B. Sustainability is great. By all means, let’s preserve resources for future generations. And at the same time, let’s make sure that we can continue to function well and without interruption on our way to those future generations.