House hunters queue outside estate in Swords five days before launch

Thursday 04 September 2014 00.02
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The houses go on sale on Saturday
The houses go on sale on Saturday
The houses at Millers Glen are the first phase in the development
The houses at Millers Glen are the first phase in the development

A number of potential house buyers are spending a second night queuing outside a new development in Swords, Co Dublin, which go on sale on Saturday.

The houses at Millers Glen are the first phase in a development by Gannon Homes.

The development was completed with funding from the National Asset Management Agency.

The 60 houses are priced between €240,000 and €400,00 and will be sold on a first come, first served basis at a fixed price.

Yesterday, a property valuation expert who identified a bubble in the Irish housing market in 2003 warned that the Government may need to take action now to prevent a repeat.

Frank Quinn said the Government may need to "drive investors out" of the residential property market in order to make room for first-time buyers which could be done by increasing stamp duty.

Keywords: houses, swords