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This week’s vital property news: There is two years' worth of housing stock already available

Everything you need to know in one quick guided tour.

daft Source: Daft

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

The Big Movers

The Housing Agency claims there are 230,000 houses already available

Conor Skehan of the Housing agency says there are 230,000 empty houses around the country which translates to almost two years’ worth of housing supply. Many are in need of repairs and connections to services but Skehan says policies need to be implemented to encourage the house owners to make the properties available.

Ulster Bank’s big sell off 

It has emerged that Ulster Bank is getting ready to sell off 900 family homes as part of a €2.5 billion property loan portfolio. It is believed that the properties will be bought up by foreign vulture funds, and there are concerns about what will happen to the mortgage holders once the sale is complete.

Under Construction

Source: PA Archive

Clerys Source: cscjanni via Flickr/CC

Des Res

Fancy seeing where Beyonce and Jay Z spend their holiday time in the Hamptons?

The Sandcastle estate in Bridgehampton, New York costs them about $1 million a month (€890,000), is 31,000 square feet and includes a gym, cinema, child’s area with climbing wall, outdoor pool, spa and a 2,800 square foot master bedroom.

This week’s vital property news: There is two years' worth of housing stock already available
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  • Hampton's holiday home

  • Hampton's holiday home

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All images: Business Insider

And Finally…

Looking for ideas on how to make the most of your ‘studio apartment’ (definitely not a bedsit)? Check out this attic renovation on Curbed that efficiently packs a kitchen, bedroom and living area into the tiny space.

Read: There are lots of interesting bespoke features to this Foxrock home

Also: Rents in Ireland are unsustainable at current levels

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About the author:

Edel Corrigan

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