Sunday Property Round-Up January 2nd, 2022

Weekly Irish property market news and insights – for the industry, by the industry  

 

Athbhliain faoi mhaise daoibh – Happy New Year to all!

 

Before we get stuck into the general property news of the week, below are the local and international stories that might be of particular interest: 

 

  • In 2021, Property District opened a new office in County Galway to complement our Dublin offering and all communications (including social media content, placemaking public consultation and crisis communications) will be available through English and Irish language. The timing of this is critical given that – since January 1st 2022 – Irish is now a full, official EU language following a period of derogation since 2007  https://www.rte.ie/news/ireland/2022/0101/1269377-eu-irish-official-language/

 

 

 

 

  • ‘Severe’ supply constraints causing house prices to surge: While commencement activity has expanded since the reopening of construction sites in 2021, activity in many areas outside of Dublin remains substantially below what is required  https://www.irishexaminer.com/business/arid-40775742.html

 

 

 

 

 

 

 

 

 

 

  • Government must fast-track the new elective hospitals and that consideration should be given to utilising the private sector to design, build and finance the projects, with the State repaying the costs over a long-term period.  https://www.echolive.ie/corknews/arid-40775031.html

 

  • ‘It’s crazy here’: Irish abroad discover Ireland is not alone in having housing issues: Irish people living abroad discover big differences in terms of the availability, quality, and cost of housing — infinity pool, anyone? But they also encounter similar problems including undersupply https://www.irishexaminer.com/news/spotlight/arid-40776486.html

 

  • We went into 2021 with five main retail banks, who between them had a sizeable branch footprint all over the country. And we will exit it with two of those banks on their way out the door and dozens fewer branches. https://amp.rte.ie/amp/1266728/

 

 

 

 

 

 

 

 

  • The Property District team have been researching the Irish construction legacy globally, here is another interesting example: Savannah Archives: Millionaire Eugene Kelly financed 1877 construction of Gamble Building https://amp.savannahnow.com/amp/6501590001

 

 

 

 

 

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/sunday-roundup/ 

 

As always, you might let me know if I have missed out on any relevant property news by emailing  carol@propertydistrict.ie.

 

(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)

 

 

SUNDAY LISTEN

 

Property Matters: Ireland’s first weekly property radio show and podcast, which launched in January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com), returned last month for a fourth season. The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.

*Listen back to some of the best shows of 2021 at: https://ipropertyradio.com  

Former LDA Chair, John Moran:  https://youtu.be/Sd9U_TDaZJ4

 

Proptech for architects: https://youtu.be/LQAFt8UpaqI

 

Property valuations post-Covid: https://youtu.be/2xE83KEtMMk

 

Email the Property Matters team at info@propertydistrict.ie 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*PLACEengage: The future of speedy, successful placemaking for property developers is here – Property developers and project owners ready Public Consultation are encouraged to contact the PLACEengage team for full details* https://www.youtube.com/watch?v=rdwwKy4MA_4 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Council gives green light to plans to redevelop Queen’s Old Castle in Cork: The proposed development includes plans to construct an office block that will have the capacity to cater for more than 900 employees.  https://www.echolive.ie/corknews/arid-40773870.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • How Kingspan’s PR fiasco reignited public anger over Grenfell: The announcement earlier this month that its logo would appear on the panels of the Formula 1 car driven by Lewis Hamilton and on the cars of other Mercedes-AMG Petronas drivers marks one of the biggest public relations fiascos to be faced by a large Irish company in recent times https://www.irishexaminer.com/opinion/commentanalysis/arid-40775433.html

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

  • Proptech Ireland is updating the database of 2022 Irish technology providers for the built environment – From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based proptech  or MMC business sit?  Pease take five minutes to add or update your details to our internationally-shared listing here: SIGN UP HERE: *PROPTECH INNOVATORS and STARTUPS * 

 

 

 

 

 

 

 

 

 

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMMERCIAL PROPERTY NEWS

 

 

 

  • Starwood Property Trust, an American real estate investment company and lender, has backed the refinancing of Paddy McKillen Jr’s hotel interests.Starwood is the primary lender in a deal which was facilitated by Trimont Real Estate Advisors, an international asset manager of “complex performing and non-performing credit” on behalf of property lenders. https://www.thetimes.co.uk/article/paddy-mckillen-jr-refinances-hotels-znm2nghds

 

 

 

 

 

 

 

 

INTERNATIONAL PROPERTY NEWS

 

 

 

 

 

 

 

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

Crowd-sourcing answers topical property questions:    

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) was rebranded in 2018 and now appears as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here: https://www.amazon.com/Carol-Tallon/

 

From 2020, the publishers and I wanted to ensure the content remains topical and we are now doing this by crowd-sourcing home buyer and investor queries, with crowd-sourced and editorial team answers. 

 

Join the Facebook Group here to contribute: https://www.facebook.com/groups/IrishPropertyBuyers/

 

 

SUNDAY PROPERTY ROUND-UP

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