The Big Movers

Sherry Fitzgerald Sherry Fitzgerald

Housing Minister says capping rents is not the solution to rental crisis

At a rental stakeholders meeting in Dublin this week, Housing Minister Simon Coveney said that there are no simple solutions to tackling rising rents. According to September’s Residential Tenancies Board (RTB) index, rents in Dublin are now higher than Celtic Tiger rates.

The Central Statistics Office has released a new tool to help house buyers

The Central Statistics Office (CSO) has launched an online tool to give price information for an area based on an Eircode routing key search. The tool will tell you the average property price in the area over the last 12 months and how many new builds, second-hand and unoccupied homes are being bought and sold.

Under Construction

• Construction for the tallest tower in the world began last week. Ground was broken on The Tower at Dubai Creek Harbour and the building will be completed in 2020.
• The Central Bank has raised concerns to the Department of Finance over the revised first-time buyers scheme. Housing minister Simon Coveney has said the changes are “sensible” and any further changes will be relatively minor.
• A report by property group Savills has found that just under a quarter (24.5%) of households in Dublin live in privately rented accommodation. This is up from 17% in 2011.

Sam Boal Sam Boal

Des Res

If you want a tiny house you can take with you if you decide to move, look no further. The Koda, by Estonian-based design company Kodasema, is a tiny house that will available from late 2017 for about €120,000. There are three different styles available: Koda for Living, Koda for Studying and Koda for Working.