Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Cannabis seizure by Revenue officials. (File photo) Photocall Ireland

Woman arrested following €80k Louth drugs seizure

Cannabis with an estimated street value of €80,000 was discovered at the house in Drogheda this afternoon.

GARDAÍ ARE QUESTIONING a 32-year-old woman in connection with a drugs seizure in Co. Louth this afternoon.

The woman was arrested and detained following the discovery of approximately four kilograms of herbal cannabis in a house in Drogheda.

The cannabis has an estimated street value of €80,000 and was discovered as part of an intelligence-led operation involving both Gardaí and Revenue’s customs service.

The woman arrested is currently being held at Drogheda Garda station under section 2 of the Criminal Justice (Drug Trafficking) Act 1996.

Pics: Seven arrested and cannabis plants seized in Dublin Garda raid >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
41 Comments
    Install the app to use these features.
    Mute Alan Conroy
    Favourite Alan Conroy
    Report
    Aug 20th 2013, 1:32 PM

    If you have no long term plans to sell your house then all an increase in property prices will mean to you is an increase in the property tax you’ll have to pay.

    116
    Install the app to use these features.
    Mute Cpm
    Favourite Cpm
    Report
    Aug 20th 2013, 1:53 PM

    A somewhat valid point, however I think I’d rather pay €400, than lose €80k per year in the value of my property.

    69
    Install the app to use these features.
    Mute Right Wing Steve ©
    Favourite Right Wing Steve ©
    Report
    Aug 20th 2013, 3:08 PM

    It can also mean getting out of negative equity which would allow you to refinance your mortgage as well.

    43
    See 1 more reply ▾
    Install the app to use these features.
    Mute Bilbo Baggins
    Favourite Bilbo Baggins
    Report
    Aug 20th 2013, 8:03 PM

    If people get out of negative equity that bought at the height of the boom we’re all f&#ked

    18
    Install the app to use these features.
    Mute Jimbo
    Favourite Jimbo
    Report
    Aug 20th 2013, 1:33 PM

    Another con job in the making…Thousands of properties in NAMA and drip feeding them out. Supply and demand. We blame Bertie and Brian Cowen for the mess and yet we continue to let another one be created.

    95
    Install the app to use these features.
    Mute fred
    Favourite fred
    Report
    Aug 20th 2013, 3:27 PM

    Would you prefer if these thousands of properties were released onto the already fragile housing market at the same time, creating an excess supply? House prices would plummet and then you would really see the sh*t hit the fan. I think it’s in everyones interest that the property market recovers and confidence is restored. Nama isn’t ideal but it’s 100% necessary..

    24
    Install the app to use these features.
    Mute Pat Murphy
    Favourite Pat Murphy
    Report
    Aug 20th 2013, 5:01 PM

    ya I do so maybe then I could afford to buy one!

    on a different note, why are we all on this island demented with whe thought of owning our own house? serious question.

    25
    See 4 more replies ▾
    Install the app to use these features.
    Mute Silent Majority
    Favourite Silent Majority
    Report
    Aug 20th 2013, 5:14 PM

    ” I think it’s in everyones interest that the property market recovers” Can you explain this statement please?

    17
    Install the app to use these features.
    Mute Alan mulvey
    Favourite Alan mulvey
    Report
    Aug 20th 2013, 5:15 PM

    How are u going to house urself when ur retired?

    6
    Install the app to use these features.
    Mute Dave Quinn
    Favourite Dave Quinn
    Report
    Aug 20th 2013, 5:23 PM

    Good question Pat

    1
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 5:35 PM

    High property prices are in no ones interest and example after example can be found of how they destroy economic growth.

    Paying 300k for a house in Dublin means the city is pricing itself out of the investment market for a lot of companies bar a few high growth high earners.

    15
    Install the app to use these features.
    Mute Colin O' Mahoney
    Favourite Colin O' Mahoney
    Report
    Aug 20th 2013, 1:12 PM

    THANKS, DUBLIN. *glares at capital*

    70
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 2:42 PM

    Crazy that houses prices in Dublin are rising even if it is obvious why. Try starting a business if you are paying 350k for a mortgage in Dublin. Not going to happen. The problems with everyone trying to live on one side of the island.

    If you live in Dublin both parents married and working, 2 kids a mortgage and a car then on a hundred thousand a year you are going to have to budget tightly. That’s a sad reality.

    63
    Install the app to use these features.
    Mute Killjoy
    Favourite Killjoy
    Report
    Aug 20th 2013, 11:19 PM

    It’s unfortunate because there is no obvious solution.

    1
    Install the app to use these features.
    Mute Kevin Gormley
    Favourite Kevin Gormley
    Report
    Aug 20th 2013, 1:35 PM

    Agree with @jason. Artificial as unemployment is high and not improving. Consumer sentiment is a huge factor in house prices and Philip never mentioned the fact that the majority have a vested interest in prices rising again. Careful Ireland bubbles burst quicker these days.

    63
    Install the app to use these features.
    Mute Ignoreland
    Favourite Ignoreland
    Report
    Aug 20th 2013, 3:19 PM

    Incorrect. As stated in the article, house prices are rising the most in Dublin. It’s in Dublin where most of the jobs are. Internal migration to Dublin is as important a factor as emigration at present. So it is being driven by supply and demand and is not ‘artificial’. Look at this: http://www.broadsheet.ie/2013/08/01/get-up-to-dublin-and-get-a-job/

    15
    Install the app to use these features.
    Mute Kevin Gormley
    Favourite Kevin Gormley
    Report
    Aug 20th 2013, 3:59 PM

    @Ignoreland that is beside the point. You can’t boost an economy unless there are significant factors such as jobs growth. It shows that company’s are reducing expenses by cutting wages which shows that they are not optimistic about the economy. Like anyone who is Irish I want to see the economy doing well but for that to happen it has to be bolstered by something more than auctioneers pushing prices up so their industry does better.

    26
    See 1 more reply ▾
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 5:32 PM

    It is not artificial but it is one sided. Limited supply of homes in Dublin but as all development was focused on it for decades then it is where the jobs are. Crap public transport means commuting is a nightmare for most so you have to live close.

    There are enough high wage earners to meet the supply of houses for sale now but leaving very limited options for couples on less than a hundred a year. Crazy situation.

    11
    Install the app to use these features.
    Mute Paul Roche
    Favourite Paul Roche
    Report
    Aug 20th 2013, 1:13 PM

    The number of additions to the PRTB register will be the most interesting statistic.

    51
    Install the app to use these features.
    Mute Sacha Mahady
    Favourite Sacha Mahady
    Report
    Aug 20th 2013, 1:32 PM

    All the red thumbers who said I was wrong when I said 4 months ago that the bottom of the housing market was behind us will now complain that it’s rising too fast. Remember that 8%going up is less than 8% coming down. It’s still 50% less than 07 but people still going to shout about the negative points. Good houses will rise in good location best. Bad apts will stay stagnant in bad locations. New mortgage company’s will enter the market and interest rates will rise. Inflation must and will be controlled better this time.

    46
    Install the app to use these features.
    Mute Alan Conroy
    Favourite Alan Conroy
    Report
    Aug 20th 2013, 1:33 PM

    one of the major tools in controlling inflation is interest rate levels and its one of the things we’ve no control over

    40
    Install the app to use these features.
    Mute Paul Nolan
    Favourite Paul Nolan
    Report
    Aug 20th 2013, 1:06 PM

    Wait I’m confused are we allowed blame enda if something good happens?

    39
    Install the app to use these features.
    Mute Daniel Dunne
    Favourite Daniel Dunne
    Report
    Aug 20th 2013, 1:13 PM

    House prices rising faster than inflation and wage increases is nothing to be celebrated… where have you been for the last twenty years?

    99
    Install the app to use these features.
    Mute Solbank Sabadell
    Favourite Solbank Sabadell
    Report
    Aug 20th 2013, 1:13 PM

    Loser troll Nolan honestly nothing good ever comes from a traitor

    29
    See 9 more replies ▾
    Install the app to use these features.
    Mute Reg
    Favourite Reg
    Report
    Aug 20th 2013, 1:56 PM

    Nothing good about high house prices. Less money for the rest of the economy.

    49
    Install the app to use these features.
    Mute CD
    Favourite CD
    Report
    Aug 20th 2013, 1:57 PM

    According to today’s Indo, the number of mortgages issued in the first six months of this year was down 10% on the same period last year. At the same time the average value of mortgages issued also fell… How can this possibly equate to property market stabilisation and growth…

    56
    Install the app to use these features.
    Mute Reg
    Favourite Reg
    Report
    Aug 20th 2013, 2:04 PM

    I think the problem with the CSO figures CD is that there is a very low level of transactions at the moment and averages can be easily skewed by a relatively few high value sales.

    36
    Install the app to use these features.
    Mute Sacha Mahady
    Favourite Sacha Mahady
    Report
    Aug 20th 2013, 2:46 PM

    The LTV is now lower due to savers waiting for the market to bottom out. Summer is always slow for sales but to be too blunt a soft winter has certainly reduced executor sales and although we don’t control int rates it will be monitored. As for high house prices not good what are you talking about. It’s still half what it was. Keep predicting rain. I promise you will be right eventually.

    15
    Install the app to use these features.
    Mute GatheringYourMoney13
    Favourite GatheringYourMoney13
    Report
    Aug 20th 2013, 9:16 PM

    Ha Ha
    Investec!
    The parent company of the reckless Subprime lender (of last resort) Start Mortgages.
    What a load of Spin!
    The REAL fundamentals still don’t stack up.

    4
    Install the app to use these features.
    Mute GatheringYourMoney13
    Favourite GatheringYourMoney13
    Report
    Aug 20th 2013, 9:30 PM

    Douglas Newman And Good the nationwide chain of estate agents conceded that the majority of these sales in south Dublin were to cash buyer, rich farmers buying “a property for their kids for when they go to college in Dublin”.
    More like trying to avoid all their money getting wiped out in a Cyprus style cash grab.

    8
    Install the app to use these features.
    Mute GatheringYourMoney13
    Favourite GatheringYourMoney13
    Report
    Aug 20th 2013, 9:32 PM

    Skewed statistics.
    Pull the other one.
    Spruikers!

    3
    Install the app to use these features.
    Mute GatheringYourMoney13
    Favourite GatheringYourMoney13
    Report
    Aug 20th 2013, 10:52 PM

    Dublin “driving”
    “continued”
    “growth” of property prices
    “House prices “across Ireland” rose by 2.3 per cent over the last year with Dublin achieving growth levels of 8 per cent”???

    What a load of rubbish!!!
    What a load of spin!!!
    From Start Mortgages II.

    http://www.rte.ie/news/business/2007/0530/89517-investec/

    http://www.independent.ie/business/personal-finance/property-mortgages/new-lender-to-shake-up-mortgage-market-29511750.html

    6
    Install the app to use these features.
    Mute GatheringYourMoney13
    Favourite GatheringYourMoney13
    Report
    Aug 20th 2013, 11:06 PM

    What other good advice have you got for us today Mr Invetec/Start Mortgages?

    How many of your mortgages are in arrears Today Mr Invetec/Start Mortgages?
    90 – 95%?

    You should have your banking licence revoked Mr Invetec/Start Mortgages!!!!

    Predators!!!

    http://blogs.myhome.ie/2012/09/19/seven-in-ten-home-loans-in-trouble-at-start-mortgages/

    3
    Install the app to use these features.
    Mute 1 Human Being
    Favourite 1 Human Being
    Report
    Aug 20th 2013, 1:51 PM

    Somebody pulling figures out of there derrière again. Lets get the Celtic tiger to kick off again a good old boom bust boom. Their is a joke in there somewhere…………. Oh yeah the Irish electorate they are the joke if they keep falling for this bullplop.

    35
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 2:45 PM

    House prices are rising quiet significantly in South Dublin. Very limited supply and enough people to fight over them. Not much good if you have a joint income of less than 100k but that doesn’t change the price growth.

    28
    Install the app to use these features.
    Mute Coffee
    Favourite Coffee
    Report
    Aug 20th 2013, 4:41 PM

    Its kind of shit that if you earn less then 90/100k you have to move to wicklow or dublin north :(

    11
    See 1 more reply ▾
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 5:29 PM

    Coffee. Even in much of the North city 90-10k a year for a family of 4 working etc will mean a very very quiet life.

    Dublin is destroying itself by making it unaffordable for most people to live there.

    16
    Install the app to use these features.
    Mute James Keane
    Favourite James Keane
    Report
    Aug 20th 2013, 6:34 PM

    As someone who has been looking to buy for the past 2 months and has been actively bidding in West Dublin and North Kildare I can tell you there has been a serious jump in prices for decent houses.
    The supply of good quality 3/4 bed homes in the capital is very low due to no construction for the past 5 years and everyone who has such a house won’t move or put it up for sale for two reasons:

    - The paid way over the odds back in the boom for it and would make a loss
    - They don’t want to sell now as they want to hold out for more price increases

    This lack of supply is sending Dublin prices upwards, fast. I have bid on 3 separate houses and they have all gone for over the asking price. Fortunately I have since sorted something.

    Bottom line: We need to start building again at sustainable levels. Good family homes, not knocked together shite apartments that are good for nothing.

    33
    Install the app to use these features.
    Mute martin freyne
    Favourite martin freyne
    Report
    Aug 20th 2013, 5:21 PM

    If Beer goes up we complain
    If Food goes up we complain
    If Petrol goes up we complain
    but, if Property goes up we all think its great

    Great for who?

    .

    30
    Install the app to use these features.
    Mute Simon King
    Favourite Simon King
    Report
    Aug 20th 2013, 2:06 PM

    Could it be the ‘dead cat bounce’ finally??

    25
    Install the app to use these features.
    Mute Joe Harney
    Favourite Joe Harney
    Report
    Aug 20th 2013, 3:10 PM

    Why is this news??? The CSO property price index does not include cash sales so it can never be used as a true indication of the property market. Has anybody analysed house prices using the property price register? This should contain prices for all transactions and would be truer reflection of the state of the market.

    20
    Install the app to use these features.
    Mute Peter Richardson
    Favourite Peter Richardson
    Report
    Aug 20th 2013, 7:48 PM

    We Irish are slow learners, apparently.

    Higher residential property prices are detrimental to society, absorbing as they do, an excessively high proportion of earned income.

    Too much of Ireland’s economic resources have been displaced into residential property to the disadvantage of more economically productive purposes.

    Ultimately, we would all benefit if the cost of housing was much cheaper. But the Irish obsession with property ownership and speculation with inadequate security of tenure for renters has created an ongoing unhealthy problem in the Irish economy and in Irish society.

    Higher property prices suits developers, banks, property professional and the public exchequer.

    The younger generations who have been foisted with the cost of the bank bail out and the consequences of the Great Mortgage Scam may not even ultimately benefit from cheaper priced housing. The irony. It’s not exactly inter generational fairness.

    So, we may actually seen another speculative boom in property prices. Interesting!

    15
    Install the app to use these features.
    Mute Dan Walsh
    Favourite Dan Walsh
    Report
    Aug 20th 2013, 1:31 PM

    Good, now maybe rents will come down again.

    9
    Install the app to use these features.
    Mute R H Beige Lark
    Favourite R H Beige Lark
    Report
    Aug 20th 2013, 1:48 PM

    Only when they start building more houses. Demand is there but the developers aren’t getting the credit and the profit is so much less than it once was – Thankfully.
    Hopefully the building will start again at a much more sustainable level – with proper planning – and then yes, rents will come down.
    On the other hand I could be shooting for the moon saying that.

    19
    Install the app to use these features.
    Mute Billie Hetfield
    Favourite Billie Hetfield
    Report
    Aug 20th 2013, 5:10 PM

    I think Tommy has a question. :D

    33
    See 2 more replies ▾
    Install the app to use these features.
    Mute Dylan_Phone
    Favourite Dylan_Phone
    Report
    Aug 20th 2013, 5:37 PM

    Dublin and parts of Cork city, still lots of demand.

    7
    Install the app to use these features.
    Mute Dan Walsh
    Favourite Dan Walsh
    Report
    Aug 20th 2013, 5:48 PM

    Sorry Tommy, what was your question again?

    31
    Install the app to use these features.
    Mute mecanicalrat
    Favourite mecanicalrat
    Report
    Aug 20th 2013, 3:22 PM

    Just the people with money left buying up big houses wait until they start buying smaller houses for a real reflection on property values…. Anyway what does it matter in the greater scheme of things if you are locked to where you bought in 2005/2008 still paying twice what your neighbour is just beacuse they are 5 years younger than you..something needs to give with negative equity…. If this portion of people’s loans was addressed it would free up a lot of money that could be spent on the real economy

    8
    Install the app to use these features.
    Mute Andrew Potts
    Favourite Andrew Potts
    Report
    Aug 20th 2013, 9:48 PM

    It is just dreadful that our Governments have the attitude that housing is a profit centre and policy is centred around this idea. Essentially shelter is a basic human need and policy should reflect this with every decision,

    8
    Install the app to use these features.
    Mute Jim Lenihan
    Favourite Jim Lenihan
    Report
    Aug 20th 2013, 9:02 PM

    house prices are going down not up how many times have we heard them lies

    6
    Install the app to use these features.
    Mute James Keane
    Favourite James Keane
    Report
    Aug 20th 2013, 6:35 PM

    Further to my recent comment, the banks are actually lending now. Specifically PTSB.

    4
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds