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This week's vital property news: 1,300 new homes for Dublin, and a makeover for a Wexford apartment block

Everything you need to know in one quick guided tour.

front of house Source: Daft

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

wexford The Stonebridge building in Wexford Town Source: Patrick Browne

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.

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This week's vital property news: 1,300 new homes for Dublin, and a makeover for a Wexford apartment block
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  • The 4,192-square-foot unit is in the 32-story tower of Trump Park Avenue, formerly the Delmonico Hotel, at Park Avenue and 59th Street

  • According to The Wall Street Journal, Trump bought the building in 2001 at a price of $115 million and decided to convert it into condominiums

  • The penthouse residence has plenty of windows that create a light-filled space and showcase New York City's incredible views

  • A private elevator takes residents straight up to their 27th-floor penthouse, where they'll be treated to rich solid-oak floors, handcrafted Italian brass doorknobs, custom moldings, and white wood cabinetry

  • A gourmet chef's kitchen is customized with stainless-steel GE appliances, glass-paneled white wood cabinets, marble countertops, and a cast-iron sink

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. 

Read: What are house prices going to do in 2016?

Also: This beautiful family home in Clare is one you could be proud of

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