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Published July 2021

Investing in Belfast’s Future: A Real Estate Research Report

Northern Ireland snapshot

Demographics

  • population 1.88 million
  • 28 per cent of population of Ireland and 3 per cent of the UK
  • 26 per cent of people are aged between 16 and 34
  • one of the youngest populations in Europe
  • 0.64 per cent highest population growth in the UK in 2019
  • 5.7 per cent second-highest predicted population growth over the next 25 years in the UK
  • 69.4 per cent employment rate of people aged between 16 and 64 years old

Economy

  • 42 per cent of residents educated to third level education or above
  • £47k GVA per head
  • 55.3 per cent business start-up survival rate
  • 3.2 per cent growth in the average national salary to £28,000
  • 4.9 per cent estimated GDP growth for 2021

Job creation

  • 44 per cent Tech jobs compared to 12 per cent in the UK
  • 9 per cent across all jobs compared to 6 per cent in the UK
  • 10 per cent office-based jobs compared to 9 per cent in the UK

Geography

  • two hours and 15 minutes' ferry crossing to Scotland
  • one hour and 30 minutes drive time to Dublin
  • one hour flight time to London
  • one hour and 50 minutes Belfast to Dublin by train

 

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