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Big Movers

Help-to-buy scheme is ‘of course’ pushing up house prices – Central Bank

The Governor of the Central Bank, Philip Lane, has said that the government’s help-to-buy scheme is driving house prices up. Two housing reports from Daft.ie and MyHome.ie showed that house prices and rent rates had been driven up dramatically compared to the three previous months.

Court hands Bank of Ireland almost 8 acres of land it has no right to

In an exclusive earlier this week, TheJournal.ie revealed that Bank of Ireland was granted an order for possession of land it has no right to when it pursued a father-of-five over his mortgage arrears. The bank recently admitted it has been charging Kerry man Raymond Flavin a higher rate of interest than it should have been for a “period of time”.

Gardaí consulted on tracker-mortgage scandal but no reports have been made yet

Financial regulators consulted gardaí on the tracker mortgage issue, but no reports have yet been made. The tracker mortgage issue centres around thousands of people who paid higher mortgage rates than they should have.

Sam Boal Sam Boal

Under Construction

• A proposal by Ireland’s largest private landlord to build nearly 500 apartments has been knocked back by Dún Laoghaire-Rathdown County Council. Irish Residential Properties (Ires) Reit, which already owns over 2,000 apartments in Ireland, submitted plans to the council to build three 14-storey apartment blocks in the Sandyford area.
• An Irish real estate capital company has lodged a plan that would rejuvenate the heart of Phibsboro on Dublin’s northside. The €50 million plan focuses on the redevelopment and refurbishment of Phibsboro Shopping Centre.
• The European arm of real estate investment giant Starwood is backing plans for an exclusive private school that is set to be built in south Dublin. The company announced that it advanced an €18.85 million loan to support the “acquisition and repositioning” of an office block.

Des Res

This week, Sarah Jessica Parker revealed an alternate opening to her iconic HBO show Sex And The City. Here she brings us inside her New York townhouse, which is just as stylish as Carrie Bradshaw’s would be.