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Closing time for Starbucks in Cork city: 5 things to know in property this week

And is Dublin’s house price growth finally slowing down again?

EACH WEEK, WE put together a five-minute roundup of the week’s biggest property stories. Why? The sector moves fast, so this is your chance to keep up.

From coffee giant closures and facility expansions to Dublin house prices slowing down, here’s what’s been happening and how it could affect your house hunting journey.

1. It’s closing time for Starbucks on Cork’s Patrick St

3864569 Shutterstock Shutterstock

A Starbucks in Cork city centre has shut down following a planning feud between its owners and the local council.

The Patrick Street store opened three years ago, without proper planning permission, which led to its owners being warned to shut the café a number of times.

2. Limerick film studios to become largest in Ireland

2 troy Troy Studios Troy Studios

Troy Studios has lodged plans to develop a fourth sound stage, which would make the Limerick production facility the largest film and television studio in Ireland. 

To date, the firm behind the production facility has spent €6.5 million to create the 32,000 sq m hub. The Limerick studio is a sister operation of Wicklow-based Ardmore Studios.

3. New million-euro facility for Aer Lingus near airport

aer lingus Sasko Lazarov / RollingNews.ie Sasko Lazarov / RollingNews.ie / RollingNews.ie

Aer Lingus is spending millions of euro on a new facility near Dublin Airport that will train cabin crew.

Chief executive Stephen Kavanagh confirmed that the IAG-owned carrier is disposing of its existing flight simulator as part of an investment in a 4,500 sq m training facility.

4. Dublin’s annual house price growth slows

file-photo-the-central-bank-has-warned-that-the-economy-could-overheat-if-the-current-rate-of-growth-continues-in-its-latest-quarterly-bulletin-the-regulator-said-growth-will-remain-strong-into-2019-4-390x285 Rollingnews.ie Rollingnews.ie

A new study has found that the Central Bank’s mortgage lending restrictions are putting a stop to house price inflation in Dublin and beyond.

The report from the Real Estate Alliance (REA) found that the price of a three-bed semi in Dublin has increased by just 2.7% in the last year. For average prices across a range of house types, readers can check out the most recent Daft House Price Report.

5. Over 100 new social houses planned for north Cork

A €30 million housing development in Blackpool was given the green light by Cork City Council this week according to the Evening Echo. Proposals for 112 homes on Thomas Davis Street are now set to move ahead following their approval. 

Councillors also approved a planning notice to convert two derelict sites on Shandon Street and John Philpott Curran Street into nine social houses.

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    Mute John Mullen
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    Feb 18th 2014, 8:21 AM

    If I were the iranian delegation I wouldn’t give an inch until the talks become all inclusive. How is it that Israel, the greatest threat to regional and world peace, has a carte blanche to develop and maintain a nuclear arsenal and Iran can’t even develop a civilian nuclear programme.

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    Mute aaron wheatley
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    Feb 18th 2014, 10:15 AM

    because Israel are big allies with the US

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    Mute Hibernicus Exul
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    Feb 18th 2014, 2:14 PM

    i think he knows that aaron,it was more rhetorical !!

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    Mute John
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    Feb 18th 2014, 8:30 AM

    Nothing Controversial about their ‘Nuclear’ ambitions, Pakistan have nukes (I’d be far more concerned here but they are (were) a former ally of Uncle Sam and no threat to Israel) India have Nuclear arms, Israel have nuclear arms so why not Iran?

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    Mute Gavin Lawlor
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    Feb 18th 2014, 9:28 AM

    I don’t see how increasing the amount of countries with nuclear arms can be a good thing whatever their motive.
    If they want nuclear power all well and good but do we really want a world where this kind of thing is not carefully controlled and policed?

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    Mute Horgay H
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    Feb 18th 2014, 8:22 AM

    Over 2,000 nuclear bombs have been detonated to date by countries such such as the US, France, UK etc. Why is it that they are allowed to keep their nuclear weapons?They have shown themselves to be irresponsible. Iran has repeatedly said it will not go after nuclear weapons and it has not detonated a single one.

    There are persistent reports of late of Pakistan helping Saudi Arabia to acquire nuclear weapons. There is no mention of this in the corporate media. Let’s also bear in mind that the US actively helped Pakistan acquire nuclear weapons and turned a blind eye to Pakistan to helping North Korea with its nuclear weapons programme. So there are precedents.

    There have been many proposals to date which the US gave repeatedly rejected to have all of the Middle East free of weapons of mass destruction but the US has repeatedly stood by Israel.

    Let’s have a little objectivity in the reporting.

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    Mute John Mullen
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    Feb 18th 2014, 4:24 PM

    Well said Horgay. As for increasing the number of nuclear weapons, no one even suggested that. Iran is playing brinkmanship, hoping to get a level playing field, one based on a nuclear free middle esst. Good for them, at least someone in the region is being pragmatic.

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    Mute Pilib O Muiregan
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    Feb 18th 2014, 9:40 AM

    As long as the AIPAC is still a strong voice in congress agreement will be very hard to reach.
    They know no nuclear nation has ever been invaded by another. Yet the don’t speak about Israeli bombs and the disregard to international treaties and law it consistently shows

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    Mute Gavin Lawlor
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    Feb 18th 2014, 8:29 AM

    It means nothing to me!

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    Mute Gavin Lawlor
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    Feb 18th 2014, 9:20 AM

    Obviously not fans of vltravox.

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