The Irish Examiner reports:
A number of apartments in Dublin’s Grand Canal Dock will be rented out at €3,700 per unit.
A quarter of the 120 apartments have already been snapped up.
The Opus building on Six Hanover Quay is in the heart of the docklands in an area that’s quickly becoming known as Google Town.
New Dublin city apartments will cost €3,700 a month to rent (The Irish Examiner)
New dockland apartments cost €3,700 a month to rent (The Irish Times)
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I want to go back in time to 2011 with a mill..buy a few Kip’s and return to present day. I’d be clearing 10k a month in rent from a beach bar in the med
I think we all wish that
@diddy , Many would , That why we will never solve any of the problems we have in this society …
Don’t bother, if you’re back there just enter the Euromillions.
Or buy bitcoin and sell at the right time.
corporate expenses = money laundering
In fairness They are lovely apartments aimed at rich people. But honestly I dont care how close to my job it is, I wouldn’t live in that area.
Are these serviced apartments by any chance?
I’d want to be well serviced if I had the moolah to live somewhere like that…
Serviced by your Ma…
Your da
Ooh-la-la!
I can see my house in the bottom right of that pic, anyone wanna rent, we can go live in sunny spain and retire.
If you can afford that rent why not buy?
Short term corporate lets, 1 year assignments etc etc, so many reasons. Maybe you don’t want to be caught in the inevitable crap show in 10 years when remediation works need to be carried out, as earlier post shows. As nothing has changed in that regard re inspections.
They look lovely. But in a reasonable rental market would be closer to half that price.
“Two beds will cost from €3,700 whilst penthouses are expected to command a five-figure monthly sum according to Carysfort Capital, owners of the development.” reports the Irish Times
“from” €3,700 for an “average” (according to the Irish Times) 2-bed apartment
“five-figure”? As in, €10,000 and upwards? No wonder Chaika Lane wants bonuses restored to bankers!
These look really nice with plenty of storage space. Built for humans
Looks fab. But another example of private developers further inflating the rental market.
Without government intervention there will be nowhere for a family on modest wage who work in the city to rent or buy there.
Adding supply doesn’t inflate the rental market.
Government intervenes in that area alright, by housing people not working in that area through HAP and council housing.
Said it before, soon only rich and very poor people will be living in the city.
@Qwerty123 I can guarantee you now that the government, council or hap is doing nothing for anyone in that area. Large tower in Sir John Rogerson’s Quay just around the corner from there was supposed to have 20 social & affordable. The developer built them up in Rialto and the council agreed, did the people of Ringsend/Pearse Street benefit from those, I think not, the people of Rialto did though.
An your comment of very poor means you lack a fundamental understanding of social and affordable.
The fact you believe people have a god given right to live in an area, even if they cant afford too, sums up Ireland and Dublin pretty well.
I would say most people on HAP or in council housing are poor, yes, most people who can afford these rental properties above are rich. If you are on 60k, say, you are screwed.
Cheap at half the price
Dublin has entered the top five most expensive locations in Europe for rental accommodation for the first time, new research shows.
Dublin has become more expensive to rent in than cities like Paris, Copenhagen and Stockholm.
The research from global mobility expert, ECA International, reveals the average rental price for an unfurnished, mid-range, three-bedroom apartment in Dublin has risen to €3,406 a month.
March 2019
https://www.rte.ie/news/business/2019/0313/1036064-dublin-rents-figures/
Ha, and the first 4 have much higher wages and lower taxes than good old Ireland. Jaykers
I just looked at France Vs Ireland (income taxes) I used the pwc calculator for Ireland, and https://www.francetaxcalculator.com/?salary=40000 for France. It really depends on how much you earn. This doesn’t include property taxes.
Income Ireland France (after tax)
€30,000 €25,427 €24,322.28
€40,000 €31,637 €30,546.28
€50,000 €36,787 €36,770.28
€60,000 €41,937 €42,994.28
€75,000 €49,489 €51,989.06
€100,000 €61,489 €64,799.06
Teeter teeter teeter teeter ready to totter off the edge of a housing crash.