herald

Saturday 18 August 2018

Estate not sold out despite all night queuing

Despite overnight queues and homes in a north Dublin estate have still not sold out.

Millers Glen in Swords was a flashback to the boom era earlier this month as people anxious to purchase homes began to queue days before the properties went on sale.

However, the hype around the new estate brought quick purchases but not a total sell-out. The two bedroom units have been sold but there are still three and four bedroom homes for sale at Millers Glen where prices range from €239,950 to €399,950.

Millers Glen, built by Gannon Properties and being sold by Sherry FitzGerald, is the first new estate to the market in Swords in seven years.

It is one of a number of new developments which have come on the market in recent months and the flurry of interest reflects the latest strong demand for new homes. At the Parkedge development in Clongriffin, also on Dublin's north side, all 12 units which came to the market have been bought.

Knight Frank has also sold all 27 houses in the first release of homes at Fawn Lodge in Castleknock and seven of the eight houses at the Melfort development in Blackrock.

A Cosgrave Group development in Glenageary has also been selling well and Hooke and MacDonald have said all of the 14 houses on the market with a price tag of around €600,000 have been sold.

Jumped

House prices generally are up by more than 35pc since this time last year and start-up builds in Dublin have jumped by 54pc in the first six months of this year compared to last year.

Last week ,the National Asset Management Agency also said it had put funding in place for 4,500 new housing units in Dublin which it hopes will be completed by the end of 2016.

csheehy@herald.ie

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