Daft Property - Irish Property News

Luxury flats to be set aside for social housing... THEY once had a price tag of almost €1.5m each but now a set of luxury apartments nestled in the foothills of the Dublin Mountains are being sold for an average of just €177,500. And instead of attracting Celtic Tiger cubs, some of the high-end dwellings are being set aside for social housing. A total of 58 apartments in the Beacon South Quarter, Sandyford, which are in NAMA, have been purchased by the voluntary housing body Cluid. The apartments, which were built at the height of the boom, have views over Dublin and are serviced by the M50 and the Luas. Receiver They were bought from a receiver appointed by NAMA to the development company Landmark Enterprises. It is the first such deal between NAMA and a voluntary body and will see 34 of the apartments going to people on the social housing list for Dun Laoghaire-Rathdown local authority. The remaining 24 will be rented through the private market. Three-quarters of th