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Developers tell council that three-bed flats are not viable in south Dublin | Business Post

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Developers tell council that three-bed flats are not viable in south Dublin – killianwoods reports.

A report submitted to the council said it was not possible to deliver affordable three-bed apartments for families and larger households in Dún Laoghaire-Rathdown. It said such units would most likely demand a market rent of at least €2,700. Picture: Getty

Three-bed apartments can only be built in south Dublin at affordable rates for families with a household income of €157,000 or more, a new report by Savills, the estate agency, has said. As part of the latest draft of its development plan, Dún Laoghaire-Rathdown County Council has outlined that it will mandate developers to ensure three-bed units make up at least 40 per cent of new apartment blocks. The local authority has also proposed measures...

 

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