Daft Property - Irish Property News

'The estate is shabby now. I don't know how they'll sell anything' Unfinished roads, stalled sewerage systems and dangerous empty houses: welcome to a housing nightmare... CIARÁN DOYLE lives in a well-designed, highly insulated, nicely finished three-bed house which he describes as “perfect”, yet everyone in town refers to where he lives as “the building site”. Rinuccini, incongruously named after a 17th-century Italian cardinal, is just one of several unfinished estates which encircle Portlaoise town but, on first sight, it’s the worst. Four storeys of bare grey concrete criss-crossed with rusting scaffolding, intended to house up to 70 apartments, fronts straight onto the Dublin Road. “The apartments are a holy show. Because we’re on the Dublin Road, it’s one of the first things that hits you coming in and it looks shocking bad for the town. I’ll never understand why they didn’t start building at the road first and work in.” Ciarán has plenty of opportunity to ponder ...

Boom buyers seethe as units now three for price of one... HOUSEHUNTERS in a busy commuter town can now get a two-bedroom apartment for just €110,000 -- a third of the original asking price. It's a case of 'three for the price of one' at the exclusive Capella Court apartments in Newbridge, Co Kildare. When the gated development first opened in 2007 -- buyers forked out prices starting at €322,000. Attractive But now they will be seething at the prospect that newcomers can buy three apartments for the money they handed over at the height of the boom. Residents at Capella Court who bought in 2007 will be paying three times the amount in monthly mortgage repayments of their new neighbours for apartments of the same size and specifications. The attractive price tag comes as receivers have been appointed to re-launch the apartments. Dwellings are finished inside and lighting, footpaths and landscaping are in place. The two-bedroom apartments are set to attract investors, with ave...