Tag Archives: Dublin property

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Nama CEO Brendan McDonagh

Dublin house prices are still not high enough to attract new builders, [Nama CEO Brendan McDonagh] said, even though July figures from the Central Statistics Office showed a 23pc rise in prices across the county.

“People talk about why isn’t there houses being built in Dublin… The reality is, the reason they are not being built is because there really isn’t enough profit for the private investor to invest his capital into it. If prices drop, he mightn’t get his money back. So I think prices will continue to correct.

The chief executive of the bad debt agency added that price rises have meant some properties earmarked for social housing have instead been sold.

Nama made 5,500 units under its control available to the Department of the Environment and Housing Agency, so that they could be used for social housing purposes, in an attempt to address the massive shortage of available properties for people on the housing register.

But just 2,000 of these were accepted, in part because price rises have taken many apartments out of negative equity, allowing debtors to sell them.

House price rises needed to ease homes shortage: Nama chief (Sarah McCabe, Sunday Independent)

Meanwhile, also in the Sunday Independent…

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Well healed, eh?

 

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On this three-bed bungalow at 8 Mather Road South, Mt. Merrion, Dublin.

And it’s still going up apparently.

The Irish Independent reports:

“Number 8 Mather Road in Mount Merrion was put on the market early this month for €445,000 but after just two viewings auctioneer Owen Reilly put up the price by €100,000 to €545,000. And the price keeps rising. The latest offer on the property is around €625,000, the estate agent confirmed.”

8 Mather Road South, Mt. Merrion, Dublin (Myhome.ie)

Asking price for three-bed home in ‘golden triangle’ soars by €100k in just one week (Irish Independent)

Meanwhile…

Previously: “The Idiots Behind You Are A Bit Of A Distraction”

A Property Bubble In Dublin? Don’t Be Daft