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This week’s vital property news: It's the worst year on record for social housing

Everything you need to know in one quick guided tour.

Sherry Fitz A Source: Daft

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

The Big Movers

Local authority house builds hit a new low

The Department of the Environment has released figures that show just 75 social housing units were built in the whole of 2015, –  the lowest since official records began in 1970.

Average rents have surpassed €1,000 per month

Rents across Ireland have risen as available rental properties have reached an all-time low, according to the latest Daft report released this week. This is the first time since 2008 that rents have surpassed an average of €1,000 per month.

Under Construction

PastedImage-950 Outgoing Environment Minister Alan Kelly visiting newly-built rapid-build modular homes in Dublin, in March. Source: PA Wire

  • Estate agent Savills has released a report saying that Cork and Wicklow are the most popular areas for properties bought outside of Dublin, as they are close to amenities such as airports and schools.
  • Cairn Homes is expecting to take control of most of the properties whose debt they purchased from Ulster Bank for €378 million, according to a report in the Irish Times.

Des Res

Fancy a look inside London’s most exclusive rental property? You’re in luck. One Hyde Park is available for short-term rentals at £22,500 per week (approximately €28,500) or £90,000 per month (approximately €114,000). It has a private cinema, pool, a spa and a golfing area.

This week’s vital property news: It's the worst year on record for social housing
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  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

  • One Hyde Park

All images: Business Insider

And Finally…

Mapping Beauty is a year-long Dublin street story project from Redrawing Project which investigates beauty in the streets of Dublin. Who’s Afraid of Beauty is a seminar run by Mapping Beauty featuring architects and planners from across Dublin to discuss the project on Monday 16 May.

Read: Castleknock has a small new development of these beautiful homes

Also: What else could I get for… under €550,000

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About the author:

Edel Corrigan

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