Source: Shutterstock/pkchai

Big Movers

Fewer people are downsizing homes as ‘adult children are taking longer to fly the nest’

Adult children living in their family home longer than before has resulted in a drop in the number of people downsizing their homes, a new report has suggested. A report by property consultants Savills found that average price gap between people down-selling their home and buying back into the market is €345,129.

There are 70,000 people looking to buy houses – but not enough houses to buy

There is more demand than supply when it comes to homes. The KBC Homebuyer Sentiment survey released this week shows that there are fewer houses available than buyers. The survey found a strong pipe-line of demand is now emerging as depressed home sales in recent years means many people were stuck in accommodation that didn’t suit their needs.

Water committee told meters should be installed in all new houses

Fresh legal advice to the water committee on their final report on water charges has said that water meters should be installed in all newly-built houses. The senior counsel, who also advised the committee last week on the report, recommended meters be included for new builds and building refurbishments to ensure Ireland complies with the European Union’s Water Framework Directive.

Source: Leon Farrell/Photocall Ireland

Under Construction

• Frozen food retailer Iceland will employ 270 people as it opens nine new stores in the next year. It opened its biggest store yet in Ireland in Tallaght this week. There are currently 13 stores, with the opening of the Tallaght outlet. That will grow to 21 in the next 12 months, according to the company.
• Salad bar chain Chopped has announced plans to expand its store network from 20 to 46 outlets as it spreads from Ireland into the UK. The company, set up in 2012 by Brian Lee and Andy Chen,will open 20 new stores across Ireland this year alone.
• There were more than 12,600 new companies and businesses set up in the first three months of this year, according to data from business information firm Vision-Net. That represents a 10% increase on the number of new firms formed during the same period last year. However, insolvencies also rose by nearly quarter during the three month period.

Des Res

Following her appearance in a controversial Pepsi ad that was pulled after a day when people felt it trivialised civil rights protests, Kendall Jenner has reportedly ‘been in hiding’ – more than likely at her infamous family home in Calabasas, California, which the model shows us here.