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Irish buyers are setting their sights on Disney World: 5 things to know in property this week
Plus Ireland’s highest earning construction firm revealed.
THE PROPERTY WORLD moves fast. With new stories hitting the headlines every week, it can be tough to keep up.
But, never fear, we’re here to help. Every Friday, we round up the essential stories that’ll keep you in the know. From Irish people climbing the property ladder in Florida to brand new developments getting the green light in Dublin, here’s the latest.
1. Priced out of Ireland? Try Disney World
Hundreds of Irish people have turned away from the property market at home and instead invested their money in rental properties close to Disney World in Orlando, Florida.
According to Irishman and Florida-based real estate agent, Kevin Brady, up to 200 Irish clients have made investments through one company alone, over the last two years.
2. Country’s highest earning construction firm revealed
According to the Construction Industry Federation’s annual ranking of its top 50 member-contractors, Ireland’s biggest builders recorded combined sales of more than €6.7 billion in their most recent financial year.
The bulk of the figure was attributed to Irish building projects while the rest came from exported construction services. The highest-earning building firm in the country is currently John Sisk & Son (Holdings) Limited, according to the ranking.
3. Two new Dublin developments get the green light
Two sites on the north and south sides of the capital have been given the thumbs up for residential development. On sale for a combined price of €28 million, one site is on the grounds of Oatlands College in Mount Merrion while the other is at Kinsealy House near Portmarnock.
Both already have planning permission for multiple new homes. The sites are being sold separately by estate agent firm Savills on behalf of property development group Marlet.
4. Locals fight to save Dublin theatre from demolition
Activists are campaigning to save a Georgian-era theatre in Dublin 1, but they could have a tough battle ahead – because planning permission for a new office complex has already been granted.
Plans for the renovation and part-demolition of Aldborough House on Portland Row in Dublin 1 have been contested by a number of groups, including An Taisce and the Irish Georgian Society.
5. Scheme for 8,500 homes stalled by local councillor
Former Green Party TD Paul Gogarty has stalled a potential development for the Balgaddy-Clonburris scheme in south Dublin, set to provide capacity for nearly 8,500 homes.
He says other councillors have “voted down” motions put forward that would improve transport infrastructure and make the scheme more sustainable.
