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This week’s vital property news: Rents in Dublin have slightly decreased

Everything you need to know in one quick guided tour.

PastedImage-24296 Source: Eamonn Farrell

The Big Movers

Dublin rents have fallen for the first time in three years

The Residential Tenancies Board has found that the cost of renting a house in Dublin has dropped by 0.6% with the average rent at €973 per month, although apartment rents have increased by 1.6%.

Dragon’s Den business man selling his Aran Island home to aid homeless charities

Barry O’Sullivan, a member of the Dragon’s Den, is to sell a home on the Aran Islands and will donate the proceeds to Focus Ireland and COPE Galway. This will help with the deposits for at least 15 homes for homeless families.

Under Construction

3433287534_c54aa685bb_z Source: infomatique

  • Zanzibar Hotel on Dublin’s Ormond Quay is expected to sell for twice the asking price of €5 million according to an article in the Irish Independent. The property has full planning permission for the development of an 89-bedroom hotel.
  • Sherry Fitzgerald’s chief economist has predicted that low housing stock will accelerate price inflation according to an article in the Irish Times.

Sherry Fitz A Source: Daft

Des Res

Need a fully-stocked underground bomb shelter and a collection of exotic animals – 120 gazelle, wildebeest and antelope – with your next house? This Texas ranch, owned by John Paul DeJoria of  John Paul Mitchell Systems and Patrón Spirits has both and was recently sold for $6.93 million (approximately €6.52 million). Take a look here.

This week’s vital property news: Rents in Dublin have slightly decreased
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All images: Business Insider

And Finally…

The Royal Institute of Architects of Ireland’s (RIAI) president, Carole Pollard, has called for the creation of a National Infrastructure Delivery Agency as part of recommendations made in a recent report.

Read: Are planners stopping hotels being built?

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Edel Corrigan

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