Saturday 10 November 2007

Rules will 'add €35,000 to price of apartments'

NEW regulations requiring developers to build bigger apartments in the capital will add up to €35,000 to the cost of each unit.

Managing Partner of Bruce Shaw Partnership, Derry Scully, warned yesterday that Dublin City Council regulations compelling developers to build apartments up to 25pc bigger than currently required by law would lead to increased prices.

The regulations require that one-bedroom apartments be a minimum of 55 square metres compared to 45 square metres under current Department of the Environment guidelines. Two-bed units must be 80-90 square metres and three-bed units 100 sq m.

Paul Melia
Irish Independent

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