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This week’s vital property news: A drop in Dublin prices and controversy over fire-proofing

Everything you need to know in one quick guided tour.
Oct 1st 2015, 5:46 PM 2,884 1

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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.

longboat quay The apartments on Longboat Quay Source: Google Maps

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

nama project An artist's impression of how the project will look

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.

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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Michael Sheils McNamee

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