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Dublin: 3°C Tuesday 26 January 2021

Ireland's cleanest town and a quayside facelift for Cork: 5 things to know in property this week

Plus home insurance providers under fire from the Ombudsman.

IT’S BEEN A busy week in the world of property, with new developments on the horizon in Dublin and Cork, and question time for Ireland’s home insurance providers.

If you haven’t been keeping abreast of the goings-on over the last seven days, fear not, because each and every Friday we round-up the week’s news in a handy, bite-size guide.

So, what’s the lowdown this week?

1. Cork’s quays are set for a €160m facelift

3585923 Source: HQ Developments

The quayside area in front of Cork’s Kent Station could soon look very different indeed. Documents filed with Cork City Council this week by HQ Developments Limited outlined a project to develop eight new buildings on a six-acre site at Horgan’s Quay.

If approved, the development would include 237 residential units across four apartment blocks, a 136-bed hotel with a rooftop restaurant and nearly 3,000 sq ft of retail space.

2. Do you live in one of Ireland’s cleanest towns?

Bins Source: Sam Boal

Tullamore has topped the ranking of Ireland’s cleanest towns, according to the latest survey by business group Irish Business Against Litter (IBAL).

Over 90% of rural towns surveyed were deemed clean, while Dublin, Cork and Galway city centres all scored well in IBAL’s ranking of 40 areas. Find the full list here.

3. Blanchardstown Centre is getting bigger… again

blanch Source: YouTube

Blanchardstown Shopping Centre is set for the second major expansion of the facility this year, according to new plans lodged by the centre’s owners.

If permission is granted, the 100,000 sq ft development would create a major new 40,000 sq ft unit, as well as 18 extra standard retail units, adding nearly 10% to the centre’s existing retail space.

4. Home insurance providers under fire for “vague questions”

flooding-14 Source: Shutterstock/SpeedKingz

A number of Ireland’s home insurance providers have come under fire from the Government’s financial watchdog for denying claims based on consumers’ answers to “vague” questions.

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“What can often happen is somebody answers a question incorrectly and two years or three years later they have a claim. Now, not alone is the claim denied… but often then the insurance company actually cancels the policy,” explained Financial Services Ombudsman Ger Deering.

5. Dublin City Council votes to take over Iveagh Markets

The Iveagh markets Source: Sam Boal

The city’s derelict Iveagh Markets may soon come under ownership of Dublin City Council, following close to a decade of developmental snags.

Hotelier Martin Keane currently owns the markets, but according to Labour councillor Rebecca Moynihan, Dublin City Council has voted to take back ownership because Keane “didn’t do anything” to repair the building in the last 36 months.

And finally, this week’s property buzzword…

We’re breaking down the mystifying world of property phrases, one buzzword at time. This week it’s bridging loan, a short-term loan your mortgage lender may offer to cover the period before a mortgage is drawn down – particularly useful if you’re purchasing a new property pending the sale of an existing one.

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