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shovel ready

This week’s vital property news: Rising rents and a Celtic Tiger estate for sale

Everything you need to know in one quick guided tour.

House-Sign1 (1)

THIS WEEK THERE was more bad news for renters in Dublin, with prices shooting up once again.

Also this week a giant Nama estate in the south of Dublin has also come onto the market.

Here is all the property news from the past seven days.

The Big Movers

Rising rents

Renters in Dublin have gotten some more bad news.

The second quarter of this year has seen prices shoot up by 7.1% across the country, with the most dramatic increases taking place in Dublin where the average rent went up by 9.2%

Roughly speaking, this works out at an increase of more than €100 a month.

The hike in rental costs in recent years means that the cost in Dublin is now just 3.5% off of its highest point in the final quarter of 2007.

Celtic Tiger estate

It has been announced that the Elmpark campus in Dublin 4 is set to go on the market with a €185 million guide price.

The site had been developed by Bernard McNamara during the boom with financing by Anglo Irish Bank before being taken in by bad bank Nama.

Pioneer Building Front (1) Elmpark Urban Campus DTZ Sherry Fitzgerald / Savills DTZ Sherry Fitzgerald / Savills / Savills

In total the site extends to 17.3 acres and is made up of mixed residential and commercial use properties.

Under Construction

the one building How the One Building appears

Des Res

Being part of the world’s mega-rich elite would certainly have its perks. One of those being able to afford an apartment like this. Business Insider has taken a look at this property belonging to a Japanese billionaire.

This week’s vital property news: Rising rents and a Celtic Tiger estate for sale
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  • Less than a block from Central Park, the townhouse mansion is built entirely of limestone.

  • Erected in 1898, a massive addition was completed in the 1920s and other updates were made in the late '90s. Historical details like the gorgeous mansard roof have been preserved over the years.

  • Inside, the entrance parlor has immaculate and original 12 feet high ceilings.

  • The home has several secret passageways. One links the library to a hidden card room while another — obscured by a coat closet — leads to the basement.

  • The former owner was professional art collector Sam Salz. With two gallery spaces, works by Renoir, Monet, and Cezanne have graced the walls.

All photos Travis Mark 

And Finally…

This week Zaha Hadid was announced at the first woman ever to be awarded the Royal Institute of British Architects (Riba) gold medal. The Iraqi-born, London-based architect has designed buildings around the world, including the Aquatics Centre for the 2012 London Olympics. 

Read: This €31 million smart mansion was never lived in

Also: Tubridy’s gaff is up for sale – take a look around here