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This week’s vital property news: Concerns over Irish housing market are reaching Europe

Everything you need to know in one quick guided tour.

Source: aialagarcia via Flickr/CC

The Big Movers

European Commission concerned by lack of housing available

The European Commission and the European Central Bank have said that the Irish housing market needs to be closely monitored and that “recent price and rent increases have drawn attention to persistent housing supply bottlenecks”.

Sandymount is the most expensive suburb on Dart line

A Daft.ie report released this week reveals Sandymount to be the most expensive suburb on the Dart line with houses costing an average of €788,000. Dalkey and Sydney Parade came in at €716,000.

Under Construction

Source: Daft

  •  The Irish Property Owners Association (IPOA) have said that two sections of the Residential Tenancies Bill “infringe the property rights of landlords” and are possibly unconstitutional.
  • There is up to 71,000 square metres of office space on the way in Ballsbridge if the development planned goes ahead, reported the Irish Independent.

Source: Sam Boal

Des Res

An apartment complex in Barbados is under construction – and there’s a twist. The complex has a hexagonal facade – and every apartment comes with a pool,  as part of the balcony. Fancy taking a look? Here you go.

This week’s vital property news: Concerns over Irish housing market are reaching Europe
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  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

  • Apartment with pool

All images: Business  Insider

And Finally

The Central Bank is fighting a bill aimed at driving down variable mortgage rates as it could have several unintended negative side effects.

Read: Rents in Dublin have slightly decreased

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About the author:

Edel Corrigan

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