Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
FIANNA FÁIL’S HOUSING spokesperson Barry Cowen says that the party wants the government’s rental plan to be changed.
Housing Minister Simon Coveney today announced the government’s plan to tackle spiralling rent costs.
While much of the plan was met with approval from Fianna Fáil, Cowen says that two areas in particular are being opposed.
The first is the immediate introduction of ‘rent pressure zones’, recognising regions where there is sustained tension in the rental market.
Those zones are only envisaged to be put in Dublin and Cork, but Cowen says that measure doesn’t go far enough.
“We have genuine concerns with elements of the current model as outlined and with its limited geographical scope.
“We are anxious that other cities be added immediately and will be asking that Galway, Limerick, Waterford and large population centres surrounding Dublin and Cork city are included from day one.”
Cowen is also unhappy with a plan to cap rent increases in the designated zones to 4% per year over a three year period.
“We are not satisfied that the proposed 4% increase is appropriate and we also believe that tax incentives for landlords should be part of the package.”
Sources say that Fianna Fáil won’t attempt to block the plan just yet and are expecting to negotiate their stance with Coveney in the coming days.
To embed this post, copy the code below on your site
It’s worth whatever the market is willing to pay for it – not what the people trying to sell it are saying it’s worth.
Dublins iconic westin hotel? It’s hardly iconic.
Must have meant ‘chronic’?
Estate agents will use savvy words like this to attract unexpected customers and will try to make you think you like a certain property,..
So, what’s going on here, I ask?
He bought Humewood for €25M and sold it to Malone for €7.2m then he bought the Westin with Malone now he’s selling a €50m hotel for €17m? ???
I assume Malone will be involved in the purchase – curiouser and curiouser
Nice hotel, good meeting point for pre Thomond drinks and fodder
I will give you 50 euro
is it just me or are the ads on the journal set to open “on hover” because they open without being touched sometimes
Viz Top Tips: Find the buyer who believes it is worth three times that, and simply sell it to them!
Some sod is hoovering up this kind of profit for a song…keep it for two years and flip it for a sweet profit.
*property*
17 million pffft that’s nothing
170 employees. That’s the important point here.
As it is a hotel, would it make sense for the government to buy it and turn it into a hospital. Surely cheaper than building one!!!
In it right now. It’s gorgeous. I’d buy it if I had 17 million…..but I dont :(
have your say