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THIS WEEK THE residents of a modern apartment building in Dublin’s docklands received news that they would have to pay for upgrades to fire safety.
New figures have also shown prices in Dublin dropping for the first time in almost three years.
Here is all the week’s property news.
The Big Movers
Longboat Quay apartments
Residents of a modern apartment block in Dublin’s dockland area have been told to pay €4 million or face potentially being put out of their accommodation.
The Longboat Quay apartments have major deficiencies when it comes to meeting fire safety standards.
Residents were told at a meeting earlier this week that they would be required to pay around €18,000 each for the repair work to be carried out.
The apartments were built by developer Bernard McNamara.
Drop in prices in the capital
Asking prices in Dublin have dropped slightly for the first time in three years.
This is according to a new report from MyHome.ie. Despite the slight decrease in the capital, prices rose nationally by 1.8%.
The asking price for a new sale in Dublin is €312,000 while the national figure is €217,000.
Under Construction
- While Ireland’s rental market has gotten tougher, there has been an increase in the number of places needing ‘live-in guardians’.
- A Nama-backed project is set to create almost 1,000 student beds in the middle of Dublin.
- Around 500 modular housing units are set to be built in Dublin as part of the effort to tackle the housing and homelessness crisis.
- A Dublin couple has launched legal action to prevent the ‘nuisance’ construction project at the apartment where they live.
Des Res
This week Business Insider is reporting that billionaire toys appear to be hitting a new level. It is now possible for individuals to buy their own private yacht-type islands. The company that manufactures them hasn’t received any orders yet, although potential builds will be made to the customer’s specification.
One of the most exotic features is the jungle deck.
The owner's penthouse sits 260 feet above sea level with two elevators, a glass-bottomed Jacuzzi, a private beach club, and ocean views.
Eight engines allow the mammoth platform to chug along at speeds up to 8 knots, or about 9 mph.
Part yacht, part private island, Kokomo Ailand is a new model for luxury on the high seas.
Part massive yacht, part private island, Kokomo Ailand has all the trappings of a luxury resort.
All photos Migaloo Submarines
And Finally…
This week, Curbed has taken a look at how southern California has become the rehabilitation capital of the United States. It dates the phenomenon back to the late 19th century when people will a variety of illnesses came to the area for the sunshine. This in turn impacted on town planning.
Read: Increase in number of properties available to ‘live-in guardians’
Also: Twitter is getting a new pad in Dublin
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