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property bubbly

Looks like deciding to queue for four days for a Dublin semi-d paid off...

People have been queuing at the new development since Tuesday, no doubt causing some passers-by to wonder if they’d traveled back in time to the days of the Celtic Tiger.

THE HOUSE-HUNTERS who decided to start queuing on Tuesday afternoon for a home at a new development in Swords, north Dublin, were celebrating this afternoon, after ‘Millers Glen’ opened for business as planned.

Mark Stedman / Photocall Ireland Mark Stedman / Photocall Ireland / Photocall Ireland

 

Megan O’Shaughnessy, pictured here with partner Robert Delaney, was first in the queue on Tuesday.

The line continued to grow during the week, in part due to media attention — leading some to observe that the scenes were worryingly reminiscent of those witnessed at the height of the Celtic Tiger housing bubble.

The queue earlier this week. [Mark Stedman/Photocall Ireland]

Sixty newly-built two, three and four-bed homes priced between €240,000 and €400,000 were on sale at the Swords complex.

The estate was built by Gannon Homes, which is owned by prominent property developer Gerry Gannon, who was part of the so-called ‘Maple 10′ group of investors allegedly given hundreds of millions by Anglo Irish Bank to re-invest in the bank as its share price plummeted.

The houses were being sold on a first-come, first-served basis, and O’Shaughnessy and Delany secured what they wanted in a three-bedroom semi-d this afternoon.

Read: Nama’d developer of Swords homes made €143 million loss in 2012

Read: Seriously? Back here again?: These house hunters are queueing to buy homes

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