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This week’s vital property news: Council gets involved in battle to save the Tyrrelstown homes

Everything you need to know in one quick guided tour.
Mar 24th 2016, 12:18 PM 915 0

DNG Sale Agreed2 Source: Daft

EVERY WEEK, WE bring you all the news you need to know about the property market.

The Big Movers

Fingal County Council is trying to buy Tyrrelstown houses

As 100 families renting homes in Tyrrelstown in west Dublin face eviction after Goldman Sachs purchased the property developer’s loan from Ulster Bank, Fingal County Council has said it is in discussions with Prosper Fingal Housing Association, a voluntary housing body, to purchase the homes.

Focus Ireland has a plan to help end homelessness

With 1,800 children in almost 900 families homeless, Focus Ireland has launched a five-point plan to help tackle homelessness, which includes building at least 40,000 social houses over the next five years.

Under Construction

PastedImage-53002 Source: Irish Air Corp

Source: Gleb Maguire/YouTube

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Des Res

There are cut-price penthouses available in Manhattan - if you have a mere $55 million (€49 million) to hand over. This apartment was recently for sale for $70 million (€62.5 million) but has taken a 20% cut. The penthouse was formerly owned by night-club owner Neil Moffat.

All images: Business Insider

And Finally…

It seems the Central Bank of Ireland is not planning on reversing its mortgage deposit rules. Central Bank adviser Lars Frissell has said that while higher deposits slow individuals’ entry into the housing market, it is beneficial for borrowers as it stops overbidding on borrowed money, according to an Irish Times report.

Read: This Moneygall mansion is on the money, alright

Also: This double-fronted Blackrock family home has plenty to offer

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Edel Corrigan

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