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This week’s vital property news: A brand-new Garda station and variable rate mortgages

Everything you need to know in one quick guided tour.

Sherry Fitz Sale Sign1 (1)

THIS WEEK, THERE has been a lot of back and forth over variable rate mortgages.

Health Minister Leo Varadkar said that banks were treating people “shabbily” over the issue after it was reported that the government had warned banks to reduce their variable rates or face levy hikes.

This week also saw plans revealed for the new Garda station set to be built on the Kevin Street site.

The Big Movers

Variable rate mortgages 

Criticism of high interest rates on variable mortgages was in the news this week. 

Variable mortgages in Ireland have an average rate of 3.26%, higher than the eurozone’s 2.3%.

On Wednesday outgoing AIB Chief Executive David Duffy appeared before the Oireachtas finance committee, saying that the bank would cut rates so long as “positive market trends” continued.

David Duffy  before the banking inquiry Outgoing AIB CEO David Duffy Source: Oireachtas.tv

RTÉ’s Montrose for sale?

This week it was announced by the Minister for Communications Alex White that a working group was currently looking into the best use of the RTÉ site in Donnybrook.

While the Minister did not commit to selling off part of the State broadcaster’s premises, he did not rule it out either, saying that they “need to be vigilant with their costs”.

He then went on to say that as part of cost-cutting measures the government was looking into pursuing Sky and UPC customers who have not paid their TV licences.

Alex White Source: Sasko Lazarov/Photocall Ireland

Garda HQ

The Gardaí are all set to get a fancy new building – and plans for it were revealed this week.

The new station will be built at the site of the historic Kevin Street station and is expected to be finished by early 2017. The building will have five storeys and two basement levels when completed.

The site has been a garda station in one form or another since 1806.

garda hq Source: Department of Justice

Under Construction

Source: Breaking News HD/YouTube

  • Brian O’Donnell arrived at the offices of the receiver appointed to Gorse Hill on Tuesday to find out how much money he and his wife owe. 
  • There was more controversy over Irish Water this week with questions raised about the sale of Siteserv. 

Des Res

Business Insider has taken a look at 70 of the coolest new buildings in the world as decided by architecture fans and experts. The selections were drawn from awards given by architecture website Architizer.

Here is a sample of just a few of those featured:

This week’s vital property news: A brand-new Garda station and variable rate mortgages
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  • Ice & Snow Apartment by Penda Architects

  • Moesgaard Museum by Henning Larsen Architects

  • Rundeskogen by Helen & Hard and dRMM

  • The Blue Planet by 3XN

  • Lens House by Alison Brooks Architects

  • Haffenden House by PARA-Project

(All pictures Architizer)

And Finally…

As you might know, California has been experiencing something of a drought over the last month or so. To combat this landscape architects have been making adjustments to deal with the water shortages, reports architecture website Curbed. 

garden centre james burnett The Center and Gardens in California has been designed to utilise native plants Source: Office of James Burnett

Read: Could RTÉ sell off some its Donnybrook land to make some cash? 

Also: A whole estate of 46 houses sold for nearly €3 million today

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