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500 Jobs to be Created in Northern Ireland’s Biggest Housing Development in Decade


Northern Ireland is set to get its biggest housing development in 10 years as part of a £200m project in Co Down.

Carryduff firm Fraser Houses hopes to build 1,000 properties off the Movilla Road in Newtownards. The Rivenwood development is expected to create around 500 jobs and will take around 10 to 12 years to finish.

The ‘New England’ style properties on a 107-acre site east of the Co Down town are priced between £132,000 and £192,000.

It’s the second major housing development announced in recent months after Lagan Homes said it would be building 550 family houses in two locations in Bangor. Estate agent Simon Brien, who will sell the homes, said the news was an indicator of a strengthening market. Prices crashed by as much as 60% as the downturn took hold from the end of 2007.