Of all the broadsheets, the Sunday Independent is the one to pick up today for the best industry coverage and analysis, including a new homes special.
Before we get stuck into the general property news of the week, below are a few local and international stories that might be of particular interest:
- I look forward speaking about the use of immersive technologies for successful pre-planning public consultation at the Irish Planning Conference on Tuesday http://cmgevents.ie/events/irish-planning-conference/
- Also, for readers in Latvia (we usually have about 5/6!), I will be speaking at Proptech Riga 2019 on Friday about ‘Digital Placemaking and Emerging Technologies for Urban Development’ https://proptechriga.lv/
- Generation Rent: When Parents’ Wealth Buys You a House Before 30 – VICE https://www.vice.com/amp/en_uk/article/8xw8gk/housing-generation-rent-divide-bank-mum-dad-friendships-relationships-impact
- The luckiest generation: who really had it best when buying property? https://www.telegraph.co.uk/personal-banking/mortgages/luckiest-generation-really-had-best-buying-property/
- Time for leadership not excuses https://www.building.co.uk/communities/time-for-leadership-not-excuses/5101566.article
- Editorial: ‘Google’s housing proposals deserve a decent hearing’ – Independent.ie https://m.independent.ie/opinion/editorial/editorial-googles-housing-proposals-deserve-a-decent-hearing-38516112.html
And without missing a beat…
- Johnny Ronan offers Google option on 1,000 apartments https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/life-and-style/homes-and-property/johnny-ronan-offers-google-option-on-1-000-apartments-1.4025288?mode=amp
- 4 Young Women On The Realities Of Working In Construction https://www.refinery29.com/en-gb/2019/09/8383038/women-in-construction
- ‘If the hemp business takes off, it could be a massive thing for farmers’ – Farming Independent https://m.independent.ie/business/farming/agri-business/agri-food/if-the-hemp-business-takes-off-it-could-be-a-massive-thing-for-farmers-38502988.html
- Finally, Housing Minister to investigate scale of ‘sex for rent’ incidents taking place https://www.irishexaminer.com/breakingnews/ireland/housing-minister-to-investigate-scale-of-sex-for-rent-incidents-taking-place-951600.html While I’m sure nobody here would engage in this behaviour but it’s important to know what’s happening in the rental marketplace (images below shared by Ruth Coppinger TD)
If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/
As always, you might let me know if I have missed out on any relevant property news by emailing email@example.com.
(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!)
Property Matters: Ireland’s First Weekly Property Radio Show (& Podcast!):
Ireland’s first weekly property radio show, Property Matters, launched In January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com). Seasoned political broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from the areas of planning, construction, property and proptech. Produced by Katie Tallon of Hear Me Roar Media.
This week on Property Matters I was joined in studio by:
- Dr. Alan Hore Founding Director of Construction IT Alliance (CitA)
- Barry Ward, Fine Gael, Local Councillor of Dún Laoghaire-Rathdown County Council
- Arthur O’Brien, Managing Director of C+W O’Brien Architects
Topics discussed include the BIM Gathering, technologies for the construction industry, the local planning process, public consultation and the role of An Bord Pleanala for fast-track applications…
*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio
Email the Property Matters team at hello@iPropertyRadio.com
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- WATCH: Property developer Harry Crosbie has launched his second audacious plan for the city in less than a month – Independent.ie https://m.independent.ie/videos/irish-news/watch-property-developer-harry-crosbie-has-launched-his-second-audacious-plan-for-the-city-in-less-than-a-month-38521877.html
- One of the more interesting opinion pieces in the papers today comes from Conor Skehan, writing in the Sunday Independent: ‘Death by nostalgia: Rural Ireland cannot reach the future through the past’ – Independent.ie https://m.independent.ie/opinion/comment/conor-skehan-death-by-nostalgia-rural-ireland-cannot-reach-the-future-through-the-past-38521340.html
- Council plotting to open Dublin libraries 14 hours a day, 365 days a year with automated system https://www.thejournal.ie/public-libraries-automated-4804423-Sep2019/
- Stoneybatter named as Ireland’s ‘coolest neighbourhood’ https://www.irishtimes.com/news/ireland/irish-news/stoneybatter-named-as-ireland-s-coolest-neighbourhood-1.4021338?mode=am
- Jason O’Mahony: ‘Ireland should enter space to live race – by moving capital from Dublin to Athlone’ – Independent.ie https://m.independent.ie/opinion/comment/jason-omahony-ireland-should-enter-space-to-live-race-by-moving-capital-from-dublin-to-athlone-38509088.html
- Bernard Shaw owner to open new pub on Dublin’s north side https://www.irishtimes.com/life-and-style/food-and-drink/bernard-shaw-owner-to-open-new-pub-on-dublin-s-north-side-1.4024142?mode=am
- In The Sunday Times today, Valerie Flynn asks the question: ‘Is Dublin Losing Its Boho Cred?’. This article pulls together many of the sentiments expressed in recent weeks by artists, creatives and other residents against the actions of Dublin City planning decisions. The battle cry appears to be “No More Hotels”, echoing a mural painted beside the soon-to-be closed Bernard Shaw pub in Dublin 8.
*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*
OTHER PROPERTY NEWS
- In the Sunday Independent today, Hugh O’Connell reports that the Help-to-Buy scheme looks set to be retained in Budget 2020 and reports of the thresholds being lowered appear to have come to nothing – thankfully.
- Also in the Independent, Alan O’Keefe reports that ‘House price rises half after six years: Average homes cost fals by €4,000 to €257,000’; and Ronan Lyons hails ‘Era of increasing inflation ends as home supply meets demand; The end of housing market inflation is good news – but the elephant in the room is Brexit’.
- In the business section of the Sunday Independent today: Five steps to getting a cheaper mortgage amid lender price war – Independent.ie https://m.independent.ie/business/personal-finance/property-mortgages/five-steps-to-getting-a-cheaper-mortgage-amid-lender-price-war-38520380.html
- There is a great line-up of new home developments in the property supplement of the Independent today, together with house-hunting tips from professional Liz O’Kane, including the crucial “Count the cost of the extras” to assess true affordability and readiness.
- In the business section of The Sunday Times today, Gavin Daly reports that ‘Sale on cards for ESB’s Fitzwilliam 28 block’ – estimated asking price €160 million through Savills and Bannon.
- In The Sunday Business Post property supplement today: Donal Buckley reports that ‘More than 120 properties at auction: BidX1 will offer online bidders commercial lots to the value of €25.5m, while REA Dempsey Sothern will focus on residential units’; also, Ken McDonald opines that ‘Investors play key role in housing situation: Build-to-rent aren’t crowding owner-occupiers out of the market, the truth is much more nuanced than that’.
- Revealed: mortgage switch savings reach €3,400 a year – Independent.ie https://m.independent.ie/business/personal-finance/property-mortgages/revealed-mortgage-switch-savings-reach-3400-a-year-38501179.html
- Our neighbour is selling and wants us to paint our wall and tidy up https://www.irishtimes.com/life-and-style/homes-and-property/our-neighbour-is-selling-and-wants-us-to-paint-our-wall-and-tidy-up-1.4017090?mode=amp
- The local property tax https://www.irishtimes.com/opinion/letters/the-local-property-tax-1.4018732?mode=amp
- State advised to target €500m from property tax each year https://www.irishtimes.com/business/economy/state-advised-to-target-500m-from-property-tax-each-year-1.4022335?mode=amp
- Social housing decline ‘causes lives of insecurity’ https://www.thetimes.co.uk/article/social-housing-decline-causes-lives-of-insecurity-6nbnmr7dm
- Yet… 1,000 new social homes built in first half of this year https://www.rte.ie/news/ireland/2019/0918/1076680-housing-oireachtas/
- Councils and the housing crisis https://www.irishtimes.com/opinion/letters/councils-and-the-housing-crisis-1.4024018?mode=amp
- Spike in planning permissions for apartments https://www.irishtimes.com/business/construction/spike-in-planning-permissions-for-apartments-1.4019625?mode=amp
- Large-scale housing development applications up 70% https://www.rte.ie/news/2019/0918/1076788-planning-housing-developments/
- Building houses without leave from Government ‘reckless’ https://www.irishtimes.com/news/ireland/irish-news/building-houses-without-leave-from-government-reckless-1.4022855?mode=amp
- Dublin council getting ‘poor deal’ on O’Devaney Gardens https://www.irishtimes.com/news/politics/dublin-council-getting-poor-deal-on-o-devaney-gardens-1.4021504?mode=amp
- Housing Minister defends new ‘affordable’ housing developments https://www.irishexaminer.com/breakingnews/ireland/housing-minister-defends-new-affordable-housing-developments-951627.html
- Smaller investors flee the landlord market as cuckoo funds up ante – Independent.ie https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/personal-finance/property-mortgages/smaller-investors-flee-the-landlord-market-as-cuckoo-funds-up-ante-38516029.html
- New 116-room eight-storey hotel on Dublin quays given planning permission https://www.thejournal.ie/hotel-dublin-quays-planning-permission-4818482-Sep2019/
- Review to begin into fast-track school building programme https://www.irishtimes.com/news/education/review-to-begin-into-fast-track-school-building-programme-1.4018966?mode=amp
- German firm beats rivals to clinch deal on Reflector building – Independent.ie https://m.independent.ie/business/commercial-property/german-firm-beats-rivals-to-clinch-deal-on-reflector-building-38500821.html
- Revealed: Planning application lodged for student accommodation in Carlow Town https://www.carlowlive.ie/news/home/477673/revealed-planning-application-lodged-for-student-accommodation-in-carlow-town.html
- Plans for 368-bed student accommodation in Liberties lodged https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/plans-for-368-bed-student-accommodation-in-liberties-lodged-1.4019882?mode=amp
- Key Capital aims to raise €50m for commercial and residential property https://www.irishtimes.com/business/commercial-property/key-capital-aims-to-raise-50m-for-commercial-and-residential-property-1.4020132?mode=amp
- Co-working provider Spaces to pre-let offices at €160m Horgan’s Quay in Cork – Independent.ie https://m.independent.ie/business/commercial-property/coworking-provider-spaces-to-prelet-offices-at-160m-horgans-quay-in-cork-38511941.html
- CyrusOne breaks ground on largest colocation data centre in Ireland – Property District | Irish Property Services https://propertydistrict.ie/cyrusone-breaks-ground-on-largest-colocation-data-centre-in-ireland/
THE AGILE AGENT
GETTING IRELAND’S PROPERTY MARKETPLACE DIGITAL BY DEFAULT
The Agile Agent is a 12-month digital transformation programme for independent Irish estate agents and auctioneers, which runs from September – August. This programme will be delivered by a multi-disciplinary Irish and UK team and will go beyond proptech adoption to help agents get their industry digital by default.
As our participating agents are progressing with their digital transformation, the Property District team will be offering ad hoc training and consultation for all other estate and letting agents who are looking to implement elements of change ( from business development, staff training, implementation of new technologies, social media marketing and use of video and/or immersive technologies for showcasing new properties weekly or monthly). If you or your agency needs some assistance in any of these areas, simple contact the Property District team on info@property district.ie
To get involved and for free Proptech Prompts, please
PROPTECH AND CONSTRUCTION INNOVATION
- From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based #proptech 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 *
- Don’t miss the CitA BIM Gathering in Galway on the 26th September – Property District | Irish Property Services https://propertydistrict.ie/dont-miss-the-cita-bim-gathering-in-galway-on-the-26th-september/
- **Nominations are now open for the global Women in PropTech Awards 2019 (I am on the international judging panel). https://enterwomeninproptechawards2019
- As mentioned above, I will be representing Proptech Ireland at Proptech Riga 2019 on Friday, speaking about ‘Digital Placemaking and Emerging Technologies for Urban Development’ https://proptechriga.lv/ I look forward to meeting up with proptech counterparts from across Eastern Europe. Please email me directly on firstname.lastname@example.org to meet up!
- It’s great to see Irish proptech mentioned in The Sunday Business Post today – Offr, a new digital plug-in for estate agents in Ireland, is featured on page 11 of the property section.
- How Proptech and Smart Spaces converge to create better workplaces https://wire19.com/proptech-and-smart-spaces-create-better-workplaces/
- Wework delays float amid alarm about valuation | Business | The Times https://www.thetimes.co.uk/article/wework-delays-float-amid-alarm-about-valuation-fpd73vvrh
- Connected Real Magazine Joins the 2019 PropTech Challenge as Silver Sponsor
REBNY’s second annual competition designed to encourage innovation in the real estate market.
- REIQ launches blockchain-based digital tenancy agreements https://eliteagent.com/reiq-launches-blockchain-based-digital-tenancy-agreements/
- Click & Collect! PropTech firm offers online buy, refurb and let service
- Is mis-measurement of homes by agents the next PPI scandal?
- Blockchain Mortgages Could Help The Impending Recession https://www.forbes.com/sites/biserdimitrov/2019/09/18/blockchain-mortgages-could-help-the-impending-recession/#6ae12531518
- Inaugural report card on US smart city progress: “Disappointing” https://www.smartcitiesworld.net/special-reports/inaugural-report-card-on-us-smart-city-progress-disappointing
- London-based proptech startup Lavanda raises €4.5M in Series A funding: Here’s the untold story | Silicon Canals https://siliconcanals.com/news/startups/lavanda-raises-e4-5m-series-a-funding/
- Reapit set to accelerate global innovation as it launches PaaS – The Negotiator https://thenegotiator.co.uk/reapit-set-to-accelerate-global-innovation-as-it-launches-paas/
- Artificial Intelligence could save agents 2.5 hours time each day – claim
- IBM sues Zillow, accuses the real estate giant of building key features using Big Blue’s tech – GeekWire https://www.geekwire.com/2019/ibm-sues-zillow-accuses-real-estate-giant-building-key-features-using-big-blues-tech/
NEW 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 will now appear as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here.
From 2019, the publishers and I want to ensure the content remains topical and we are 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/