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The Big Movers

Experts say €20,000 first-time buyers incentive will stoke demand

The new first-time buyers incentive has come under criticism from building experts who say that it will only increase demand on houses and drive up prices. Minister Coveney has defended the scheme saying it will incentivise builders.

Families on the housing list offered chance to build own homes

A new incentive has been announced for five families on the Dun Laoghaire-Rathdown Council housing list which will see the selected candidates learn building skills whilst building their own houses.

Under Construction

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• Online searches for new homes increased after the Budget first time buyers’ rebate was announced this week.
• Smaller buy-to-let landlords are buying a significant amount of Dublin properties it has been revealed by a new CSO residential property index. The trend may put increased pressure on house prices.
• Kingscroft Developments, a subsidiary of UK firm Abbey, has withdrawn an appeal to An Bord Pleanála over rival firm Targeted Investment Opportunities PLC’s proposed housing in project in Navan for 106 houses. Kingscroft claimed that insufficient houses were being built.

Daft Daft

Des Res

Fancy a look around New York’s most expensive home? It’s just had a price reduction of $24 million (approximately €21.7 million) but is still a bit steep at $96 million (approximately €87.1 million). See how the other half live, sure.