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This week's vital property news: New figures show Ireland's large number of vacant social housing units

Everything you need to know in one quick guided tour.
Jul 14th 2016, 3:43 PM 2,156 0

Source: Daft

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

The Big Movers

Ireland’s vacant social housing

New statistics, released under a Freedom of Information request, show there are over 2,751 vacant housing units owned by local authorities around the country, including 372 in Dublin alone.  The empty homes have been criticised as ‘unacceptable’ given Ireland’s housing crisis.

Families face eviction in Dublin 

A number of families in council-owned houses in north county Dublin may face eviction as they are not able to pay their rent – but are also not able to receive rent supplement.

Under Construction

Source: Google Maps

Dun Laoghaire Piers Dún Laoghaire harbour Source: Leon Farrell/RollingNews.ie

Des Res

This gorgeous 1920s Spanish villa in Los Angeles  has been recently purchased by a former Wall Street trader-turned-shoe designer for $2.86 million (approximately €2.58 million). Let’s have a gawk around.

All images: Business Insider

And Finally…

New York’s property bubble for ultra-luxury homes – which has seen trophy homes selling for $100 million (€90 million) in recent years – has finally come to an end, according to The New York Times

Read: Fancy a country estate? Edna O’Brien’s former home is for sale

Also: The average asking price for a house in Dublin city is now €314,311

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Edel Corrigan

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