EVERY WEEK, WE bring you all the news you need to know about the property market.
The Big Movers
House prices in 2016
House prices are going to continue to rise throughout 2016, but much more gradually than before. That’s according to the latest property report from MyHome.ie, which predicts a 5% bump this year.
New homes for Dublin
Developers are set to build 1,300 homes on three vacant council-owned sites in Dublin. Out of these, 30% will be earmarked for social housing – something that the city’s Deputy Lord Mayor Cieran Perry has described as a “giveaway to the private sector”.
Under Construction
- Homeowners this week have been hit with bad news about their potential to secure flood insurance.
- An unused Wexford ‘ghost’ apartment block is being redeveloped as a luxury hotel.
Des Res
When he isn’t drawing controversy for his efforts to become the Republican nominee for the US presidential election, Donald Trump has been known to dabble in a bit of property. He recently sold his New York apartment for $14.05 million (€12.85 million), Business Insider reports.
All images: Trump International Realty
And Finally…
This week people across the United States and Canada were gripped with lottery fever as the jackpot for the Powerball draw – the equivalent of the Lotto – hit $1.5 billion. In honour of this, Curbed.com has taken a look at a few properties that should be considered by the lucky winners when they’re considering what to do with their new-found wealth.
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