Belfast·SPG002 Development Viability·Page 42
Value Band Areas
Areas of the city grouped by similar housing value characteristics, determined by clustering data on sale and rental values for existing housing, new build properties, and apartments.
Value Band - Areas of the city with similar characteristics in terms of the value of houses for sale or rent. It involved clustering data on sale and rental values for existing housing, new build at the all property level, new build apartments, new build housing (excluding apartments) and the existing market value with new build premium applied (where appropriate) are determined. See Section 4.4 for further details.
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