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shovel ready

This week’s vital property news: Ireland topping EU house price hikes and the €250,000 coffee kiosk

Everything you need to know in one quick guided tour.

House Sign2 (1)

THIS WEEK IRISH Water customers received their first bills through the post.

There was some controversy with some people being hit for more than €1,000 due to leakages.

A coffee kiosk in Ballsbridge also sold for €250,000. 

The Big Movers

Ahead of the field

Ireland had the biggest increase in house prices in Europe over the course of 2014 – new figures from Eurostat have revealed.

In total there was a 16.3% increase – the biggest in the EU and broader European area. Malta and Sweden followed in second and third place with increases of 11% and 10.4% respectively.

Chief economist with told in an interview that these increases are unlikely to continue going forward thanks to the Central Bank’s new rules on mortgages.

eurostat Eurostat Eurostat

Big money

A coffee kiosk in the Ballsbridge area of Dublin has sold for €250,000.

At €70,000 per square metre, this makes it the most expensive property in Ireland according to a floor-space-to-sale-price ratio.

The kiosk is currently operated by Silverskin Coffee Roasters Ltd who have a short-term contract with it until 2017.

coffee kiosk The coffee kiosk in Ballsbridge

Not going ahead

A €4.7 million project aimed at turning the O’Devaney Gardens flats into accommodation for the homeless has been shelved by Dublin City Council.

This comes after a vote by councillors earlier this week. The motion had been put forward by Lord Mayor of Dublin Christy Burke.

Issues with converting the flats were the temporary nature of the accommodation and that individuals would only be staying there short term.

Currently only fourteen of the units contained in the flat complex are occupied.

Under Construction

village tony ryan Part of the village in Co Kildare

Des Res

A house built into a boulder in the Arizona desert in the United States has come onto the market for $4.2 million (€3.9 million). The property is 60% made from a boulder with the building incorporating this into its design, according to Business Insider. 

This week’s vital property news: Ireland topping EU house price hikes and the €250,000 coffee kiosk
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  • Arizona Boulder Home

    Source: Business Insider
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  • Arizona Boulder Home

And Finally…

The Guardian has been running a series where it looks at the history of 50 cities by examining the story behind a single old building. This week they have looked at Beijing’s old stock exchange – located behind Tiananmen Square. 

Read: These are the cheapest places in Ireland to buy a family home

Also: Thatched roofing could be set for a comeback