Daft Property - Irish Property News

The year saw a shift from D4 to D6 while the country market slowed on the previous year... DUBLIN... Dublin 6 dominated top-end sales this year and, in particular, Dartry. Whereas in other years coastal south Co Dublin and Shrewsbury and Ailesbury Roads have dominated, Dublin 6 and the area around Temple Road have become hot property. Top of the list was the purchase in May of Alston at 19 Temple Road for a whopping €10.225 million when former Paddy Power boss Patrick Kennedy traded up from his home on nearby Palmerston Road. In a quiet off-market deal, the Victorian property, on one acre, was sold by barrister Vincent Foley and his wife, Helen, who have lived there since the late 1980s. Around the corner at 5 Temple Gardens, €6.5 million exchanged hands when the detached redbrick house on a third of an acre owned by the late barrister and former attorney general, Rory Brady, sold in another off-market deal. Not long after Subiaco at 1 Temple Gardens sold for €5.85 million shortly a...

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...