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This week’s vital property news: The impact of rent freezes and big promises for social housing

Everything you need to know in one quick guided tour.
Nov 19th 2015, 4:36 PM 2,516 0

Source: Daft

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

The Big Movers

Rent freezes

The IMF is warning that the government’s two-year rent freeze could have undesirable effects – such as stopping developers from building new properties, and thereby putting even more pressure on the current housing situation.

New social housing in Dublin

There are 44 new social housing units for north Dublin on the way. There will be 31 three-bed and 13 four-bed houses at the development in Waterville, Dublin 15. They will have the latest energy efficient technologies such as solar panels.

Additionally, Minister Alan Kelly says that 200 social houses will be built this year in total, ‘significantly higher’ than the 20 built in the first half of 2015.

Under Construction

Source: Fingal Co Co

Source: Savills

Des Res

Michael Jordan is selling his Chicago mansion – fancy a look inside? It’s on the market for almost $15 million (€13,846,000) – a steal.

All photos The Agency Real Estate via Business Insider.

And Finally…

The Daft.ie Report came out this week and showed that rents jumped significantly in the run up to the two-year rent freeze, with Galway and Cork having their biggest increases in at least 10 years.

Read: Rent freezes and the homeless crisis loom large

Also: There’s a gorgeous Georgian mansion for sale in Cork

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Edel Corrigan

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