Daft Daft

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

The Big Movers 

Government accelerates plans for social housing

Minister for Housing Simon Coveney has said that a budget of €680 million has been allocated to local authorities around the country to build social housing. Speaking at a conference on Wednesday, the minister said that each local authority has been given a target for how many houses to build in its area.

Average age of first-time buyers rises to 34 

Real Estate Alliance agents have reported that the average age of the first-time buyer has risen to 34, increasing from 29 over the past decade. The estate agency group is predicting that home ownership may soon be an impractical dream for those in their twenties.

Under construction

• Dublin City Council has ruled that a full-time AirBnb rental needed planning permission to change its use. It comes as the Temple Bar Residents group said they are concerned about the increase of properties being used as holiday accommodation during the severe housing shortage.
• Students around Ireland will struggle to find accommodation once again for the upcoming academic year, with a projected demand of over 57,000 student bed spaces.
• A new book is taking a look at how the buildings in Dublin tie in the city’s political, social and economical development.

Des Res

Rapper Sean “Diddy” Combs is selling his Manhattan apartment for a cool $6.5 million (€5.7 million). The three bedroom apartment is 2,300 square feet – that space in New York is a luxury in itself. The stunning views of Central Park are the apartment’s main attraction. Take a look inside here.