THE PROPERTY WORLD moves quickly. With new acquisitions, developments and vital information making headlines each week, it can be hard to keep track of everything.
But, never fear, because each week, we give our readers a quick-fire round-up of the most important pieces of property and real estate news from that way. With the minimum of hassle, you can stay fully informed – and you’ll have plenty of icebreakers at house viewings.
Here’s what’s been happening this week, from closures of potentially structurally unsound Dublin schools to a multi-million euro spa in Longford.
Leo Varadkar has said it will be difficult to find alternative classroom accommodation for students affected by the closure of schools with fire safety and structural defects.
He also confirmed that approximately 40 schools will be inspected amidst concerns about structural issues at a number of facilities. Three Dublin schools were closed in the early stages of this week. “It certainly appears that corners were cut back in the Celtic Tiger period,” Varadkar said in the Dail earlier this week.
After eight years of campaigning, homeowners whose properties were affected by the use of concrete blocks with mica will have repair costs covered by a redress scheme.
The mineral muscovite mica was present in the concrete blocks used to build a large number of properties in Donegal and Mayo. Homeowners only discovered mica had been used when large cracks began to appear inside and outside their homes.
The firm behind Kildare Village shopping outlet has been ordered to cut a unit earmarked for an anchor tenant from its latest expansion.
Last year, Value Retail Dublin Limited applied for planning permission to create a new wing at the retail hub that’s estimated to cost up to €50 million. The overall project was cleared but 26 planning conditions were set down by Kildare County Council, including the removal of Unit 104.
Center Parcs is planning to include a new €10 million spa in its Longford holiday resort, which is set to open next year. The company says that the 2,500 sq m Aqua Sana facility, which will include 14 treatment rooms, will be “Ireland’s largest stand-alone spa”.
A tax relief that has seen almost 17,000 homes exempted from property tax since 2013 has cost the State about €35 million in potential income, according to The Irish Times.
The relief benefits owners of new and unused homes, bought from a builder or developer from January 1st, 2013 onwards. It continues until October 31st next year.
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