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This week's vital property news: €100 million to be spent on 450 social houses

Everything you need to know in one quick guided tour.

For Sale Imagery Source: Daft

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

The Big Movers

450 social houses to be built around the country

Roscommon town, Clonakilty, Waterford and Galway are some of the eight areas chosen for 450 new social houses to be built in the next three to four years in a plan worth €100 million which was announced by the Department of the Environment this week.

Longford will have a €223 million Center Parcs development soon

A €223 million Center Parcs development in Longford has been given the go-ahead from An Bord Pleanála with some revised conditions. It will mean a 395 acre holiday village and bring approximately 1,000 jobs to the area.

Under Construction

Source: TheJournal.ie/YouTube

  • TheJournal.ie’s FactCheck has investigated the claim that it’s cheaper for the government to build social houses directly than to use the private sector. See what the verdict was here.
  • The final block of O’Devaney Gardens flats in Dublin are due to be torn down, with final demolition taking place in three weeks time.
  • International funds are behind a rise in Irish houses being purchased with cash, according to a new study by the Central Bank. The study covers the years 2000-2014. Almost half of all houses are bought with cash.

Des Res

50 Cent (remember him?) is selling his $6 million (€5.47 million) mansion due to bankruptcy. Although seems like nobody is snapping it up. Fancy checking it out? Look no further.

This week's vital property news: €100 million to be spent on 450 social houses
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  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

  • 50 Cent's house

All images: Business Insider

And Finally…

The Royal Institute of Architects in Ireland (RIAI) has praised the government’s Rebuilding Ireland action plan to tackle homelessness saying, ‘The new strategy provides an opportunity for a fresh start to deliver Ireland’s housing needs in an efficient and cost-effective manner.’

Read: A gorgeous Delgany house has just gone on the market

Also: The latest houses in this Citywest development have just arrived on the market

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About the author:

Edel Corrigan

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