If you’re one of those people who just can’t wait to get your own flat, the new owner of a £50k property in the capital might be the only person you’ll be able to talk to about it.
Dublin-based property investor and real estate agent Jason McConville sold his £50m mansion, Castle Hotel, in the Old Bailey last week for £10.5m.
It’s the second sale of his property in a week.
In August, McConoville sold his former £15m mansion on the River Stoneyard, on the banks of the river Teige, for €11.5 million.
He bought the property from a developer for the €7.5million it was worth in January 2015.
“I’m really excited about it,” McConville told The Irish Sun.
“It’s a great property and I love the location, I love that it’s on the river.”
Dublin is a city with a lot of pent-up demand for new properties.
Dublin property market is expected to grow by 9 per cent in 2018, and by 17 per cent this year, according to the National Property Report.
The city’s vacancy rate in January was 6.3 per cent.
McConville says he’s happy with his property, and that he expects to sell the house once it’s sold.
“It’s probably my best property to date,” he said.
“It was worth a lot more than what it was.”