for sale for sale

THIS WEEK IN the property market has seen some pretty big developments – both for commercial property and homeowners. Dublin’s dockland area could be due for a big new addition – with plans announced by Nama for possible building at the Boland’s Mill site. There was also news that 6,000 new homes are set to be built around the country.

The Big Movers

New homes  In the midst of the property crisis, demands for new housing seem to now be turning into action. The website Links2Plan has recorded building commencing on over 6,000 new homes around the country in the first nine months of 2014.

Links 2 Plan Links 2 Plan

It is estimated by the website that the value of these projects come to almost €1.47 billion – heralding opportunities for the Irish construction industry. Boland’s Mill The State-owned bad bank Nama has announced that it has provided funding for the initial stages of developing Boland’s Mill in Dublin’s Docklands.  A planning application for the site was submitted to Dublin City Council during the week. The proposed development is over 400,000 sq. ft. and willl include offices, cafés, restaurants and a retail section.

Paul Tierney Paul Tierney

Boland’s Mill has historical significance tied to the 1916 Rising. Nama has been in charge of the site since 2012. Central Bank  The Central Bank is set to sell its historical site on Dublin’s Dame Street. The building, which was formerly the bank’s headquarters, is expected to sell for between €25 and €30 million.

The Bank is set to move to a €140 million new eco-building next year. The Dame Street property, which sits alongside Temple Bar properties, has been open since 1978.

Under construction

• Páirc Uí Chaoimh, the home of Cork GAA, will undergo a €70 million redevelopment after An Bord Pleanála allowed work to go ahead. 
• David Hall, the director of the Irish Mortgage Holders’ Association, this week hit out at the failed New Beginnings mortgage-to-rent scheme.     
• The 400-acre Cherrywood site in the southern suburbs of Dublin is set have 3,800 new houses and apartments built on it. 
• Shipping container homes could be the way forward. This week the first one built in Ireland was on display at the IMMA. 

RIPPLE RIPPLE

• Everybody loves Christmas decorations – and for these homeowners in Co Cork, it is a very serious business.
• Rent supplement has been criticised in recent times for not reaching a realistic rate. Here is a breakdown of the number of recipients county by country. 

Des res

This Caribbean mansion has come onto the market in the last week – to the excitment of millionaire pirate enthusiasts everywhere. The property, which will be available at the reduced price of $6 million, is known as Villa Whydah and is named after a pirate ship that sank in the area in 1717.