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This week’s vital property news: Are planners stopping hotels being built?

Everything you need to know in one quick guided tour.

PastedImage-16254 Source: Matt Buck/Flickr

The Big Movers

Height restrictions having negative effect on hotel business

Dalata deputy chief executive, Stephen McNally, said Dublin planning restrictions have stopped hotels being built as they can’t get the yield required.

Grafton Architects win prestigious prize

Grafton Architects have won the Global Architecture Prize from the Royal Institute of British Architects (RIBA), judged by Richard Rogers. Their award-winning building is in Lima, Peru and is a new campus for the city’s engineering university.

Under Construction

PastedImage-63645 Source: Shutterstock/BKMCphotography

  • A Turner and Townsend Survey has revealed Dublin offices cost on average €200 per square foot to build but sell for €1, 278 per square foot – behind only London and Paris, according to the Irish Independent.
  • First time buyers will only need to have a 10% deposit saved to buy a new house regardless of property value, after changes to the Central  Bank mortgage rules.
  • There are plans to build a major film studio in the Docklands area pending permission from Dublin City Council, according to the Irish Independent.

Source: Daft

Des Res

Wondering where the Obamas will be heading to when they leave the White House? Wonder no more – it’s this mansion in the Kalorama section of Washington DC. Have a look around.

This week’s vital property news: Are planners stopping hotels being built?
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All images: Business Insider

And Finally…

Brian Hogan will discuss A Life in Architecture and the modernisation of Ireland with Ronan McCann at the Royal Institute of Architects in Ireland Annual Conference today.

Read: €30 million redevelopment for Bray’s main street

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About the author:

Edel Corrigan

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