Irish property market news and insights – for the industry, by the industry
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:
- The team at Hereworks need your help to design the smart office building of the future! Please take 5 minutes to fill out the following questionnaire and give us your Insights into how to improve our work spaces: https://lnkd.in/gEVVFm7
- Draft programme for government: The main points – Agreement includes changes in housing, transport, direct provision and other areas
A new scheme will seek to retrofit 500,000 homes by 2030 on a ‘aggregated’ model – meaning that certain towns or areas will be retrofitted at the same time to achieve economies of scale: https://www.irishtimes.com/news/ireland/irish-news/draft-programme-for-government-the-main-points-1.4279046?mode=amp
- Central Bank warns of Covid-19 risks to property market – Regulator says Irish property funds have higher levels of debt than 90% of similar European operations https://www.irishtimes.com/business/commercial-property/central-bank-warns-of-covid-19-risks-to-property-market-1.4280680?mode=amp
- Covid-19 has little impact on house prices but sales fall by more than a third in just one month
https://www.irishexaminer.com/breakingnews/ireland/covid-19-has-little-impact-on-house-prices-but-sales-fall-by-more-than-a-third-in-just-one-month-1005771.html
- Sharp fall in home sales in April as analysts warn of worse to come – Latest figures indicate a 29% slide in the number of properties changing hands as economic activity stalled https://www.irishtimes.com/business/economy/sharp-fall-in-home-sales-in-april-as-analysts-warn-of-worse-to-come-1.4281383?mode=amp
- Bill Nowlan: Vienna model of cost-based rents must be a priority here https://www.businesspost.ie/columnists/bill-nowlan-vienna-model-of-cost-based-rents-must-be-a-priority-here-64fa8f8f
- Warning over ‘second wave’ of homelessness in coming months – Charities are asking the government to take action to prevent more homelessness in the wake of the pandemic. https://www.thejournal.ie/homelessness-housing-councils-dublin-galway-5126374-Jun2020/
- Cork property developer has raised an incredible €259,170 in aid of the Mercy University Hospital’s COVID Response Appeal.
Kieran Coughlan collected the massive amount of money with the support of his friends, colleagues and businesses associates. https://www.corkbeo.ie/news/local-news/cork-property-developer-raises-259170-18430098
- Banks, landlords and building sector shares soar https://m.independent.ie/business/banks-landlords-and-building-sector-shares-soar-39291305.html
- Affordable homes in Ireland ‘to cost up to €230,000’ https://www.thetimes.co.uk/article/affordable-homes-in-ireland-to-cost-up-to-230-000-xqgjfgmvb
- Construction sector will enter recession next year – Sisk CEO John Bowcott, the boss of Ireland’s largest construction firm, seeks relaxation of working hours to lift productivity
https://m.independent.ie/business/irish/construction-sector-will-enter-recession-next-year-sisk-ceo-39294324.html
- National Treasury Management Agency spent €30K on party to celebrate office move
The report also shows that staff at the NTMA and at the National Asset Management Agency (NAMA) last year shared bonus payouts of €2.63 million
https://www.irishmirror.ie/news/irish-news/national-treasury-management-agency-report-22209541.amp
- Nama’s Project Eagle sale report to be finished in September – The findings of the investigation into the state agency’s disposal of its €5.8bn loan book in the North was due this month but now won’t be ready until the autumn https://www.businesspost.ie/ireland/namas-project-eagle-sale-report-to-be-finished-in-september-613c2ff0
- Public asked to pick the nation’s favourite building https://www.irishexaminer.com/breakingnews/ireland/public-asked-to-pick-the-nations-favourite-building-1006242.html
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 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 (& 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). The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.
Produced by Katie Tallon of Hear Me Roar Media.
On #PropertyMatters iPropertyRadio.com this week:
- Aengus Burns, Partner at Grant Thornton Ireland discusses tax efficient property investing in Ireland
- Marie Caffrey, CEO of Universal Floral projects shares office interior landscaping and pandemic-responsive screen solutions
- Ed Burke, Founder of RooMigo tackles the thorny issue of co-living in Ireland and how to get the community elements right
Produced by Katie Tallon, Hear Me Roar Media
Listen back: https://ipropertyradio.com/473-2/
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- Housing campaigners call for ban on co-living schemes due to Covid-19: Protesters say more understanding needed on impact of coronavirus in such facilities https://www.irishtimes.com/news/environment/housing-campaigners-call-for-ban-on-co-living-schemes-due-to-covid-19-1.4284583?mode=amp
- 23 submissions made against €19m Hellfire Club Tourism Project http://www.echo.ie/news/article/23-submissions-made-against-19m-hellfire-club-tourism-project
- ‘Ballymun Towers South Dublin’ and ‘modern day slums’ – Dermot Desmond’s scathing letter about apartment plans on RTÉ site https://m.independent.ie/irish-news/ballymun-towers-south-dublin-and-modern-day-slums-dermot-desmonds-scathing-letter-about-apartment-plans-on-rte-site-39297202.html And: O Broin claims Desmond wrong on Ballymun claim https://amp.independent.ie/irish-news/politics/o-broin-claims-desmond-wrong-on-ballymun-claim-39301476.html
- Major Step forward for Sandy Road Regeneration as design proposals released for public consultation https://galwaybayfm.ie/galway-bay-fm-news-desk/major-step-forward-for-sandy-road-regeneration-as-design-proposals-released-for-public-consultation/
- Planners say they understand concerns of a ‘free for all’ – MEMBERS passed the Draft Tallaght Town Centre Local Area Plan (LAP) at the council meeting on Monday (June 8). The plan outlines a vision for the Tallaght Town Centre area between 2020 and 2026
http://www.echo.ie/tallaght/article/planners-say-they-understand-concerns-of-a-free-for-all
- One of Cork’s most historical areas on the northside has been given the “biggest boost for a quarter of a century” with a regeneration package including new housing and streetscape design.
https://www.irishexaminer.com/breakingnews/ireland/regeneration-package-a-boost-for-blackpool-1005794.html
- CITYWEST Road and Magna Drive in Citywest looks set to be a hub of residential development, after a developer received planning permission for 463 dwellings at that site last month.
Glenveagh Homes Limited, who bought the site in 2018, plans to construct 353 apartments across seven apartment blocks, 89 houses, and 21 duplex apartments across two three-storey buildings.
http://www.echo.ie/news/article/residential-development-set-for-citywest-road-and-magna-drive
- Castleknock residents seek to overturn ‘fast-track’ permission for apartments https://www.irishtimes.com/news/crime-and-law/courts/high-court/castleknock-residents-seek-to-overturn-fast-track-permission-for-apartments-1.4282616?mode=amp
- There is opposition to a plan for houses and apartments plan in Kill https://www.kildarenow.com/news/home/551025/there-is-opposition-to-a-plan-for-houses-and-apartments-plan-in-kill.html
- Hayfield group appeals decision on proposed Donnybrook Hotel https://www.breakingnews.ie/ireland/hayfield-group-appeals-decision-on-proposed-donnybrook-hotel-1006114.html
- At a glance: What’s in the programme for government?
The plan is to avoid problems in communities where asylum seekers are housed. The document says it will develop “new models of community engagement to ensure that the establishment of new accommodation is done in an inclusive and welcoming fashion.”
https://www.rte.ie/news/politics/2020/0615/1147612-programme-for-govt-at-a-glance/
- Cork-Limerick motorway sparks row between Greens and FG https://www.irishexaminer.com/breakingnews/ireland/cork-limerick-motorway-sparks-row-between-greens-and-fg-1006094.html
- Building barriers: How plans for the largest flood scheme in Irish history became so divisive https://www.thejournal.ie/cork-flood-scheme-investigation-5124293-Jun2020/
- Long read: the pull of West Cork and the realities of relocating from Dublin https://www.image.ie/life/long-read-the-pull-of-west-cork-and-the-realities-of-relocating-from-dublin-203655
*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*
CONSTRUCTION & DEVELOPMENT NEWS
- Lead industry story in the Sunday Independent: Construction output in Ireland to suffer worst decline in EU – Industry has been harder hit during pandemic than the height of the recession https://m.independent.ie/business/irish/construction-output-in-ireland-to-suffer-worst-decline-in-eu-39300112.html
- Richard Curran, writing in the Sunday Independent: Hold on to your hard hats if construction slows down next year https://amp.independent.ie/business/irish/hold-on-to-your-hard-hats-if-construction-slows-down-next-year-39300116.html
- CEO of Sisk reveals how Covid-19 has changed construction industry https://www.irishexaminer.com/breakingnews/business/ceo-of-sisk-reveals-how-covid-19-has-changed-construction-industry-1005776.html
- 18,000 houses could be built if vacant sites developed https://www.irishexaminer.com/breakingnews/ireland/18000-houses-could-be-built-if-vacant-sites-developed-1005166.html
- Italian hedge fund builds €30m stake in Glenveagh – Helikon Investments has 5% ownership in homebuilder after buying shares over three months https://www.businesspost.ie/companies/italian-hedge-fund-builds-30m-stake-in-glenveagh-540b6712
- Fully integrated design team selected for St Michael’s estate http://www.echo.ie/ballyfermot/article/fully-integrated-design-team-selected-for-st-michael-s-estate
- Irish Rail begin work on massive new €140 million control centre at Heuston Station –
The €140 million building will replace the current centre at Connolly Station https://www.dublinlive.ie/news/dublin-news/irish-rail-control-centre-heuston-18438066
- Green light for 502 homes on former cigarette factory site – https://m.independent.ie/business/commercial-property/green-light-for-502-homes-onformer-cigarette-factory-site-39298056.html
- Court challenge brought against Dublin City Council over Iveagh Markets – Council faces action on decision to deem plan to redevelop Liberties buildings as invalid
https://www.irishtimes.com/business/commercial-property/court-challenge-brought-against-dublin-city-council-over-iveagh-markets-1.4279914?mode=amp
- Setanta development row: €400,000 meet €8.3 million – and that is before the lawyers get paid | The Currency https://www.thecurrency.news/articles/19270?utm_source=The+Currency&utm_campaign=bbaae1f63c-EMAIL_CAMPAIGN_2020_05_27_03_28_COPY_03&utm_medium=email&utm_term=0_1b746aeee5-bbaae1f63c-352325698
- Dublin aparthotel ‘right to light’ dispute resolved: Seven-storey development planned in St James’s Street on substantially derelict site https://www.irishtimes.com/business/commercial-property/dublin-aparthotel-right-to-light-dispute-resolved-1.4281511?mode=amp
- Marks & Spencer ‘concerned’ over Jervis development plans
The retail giant claims the Dublin shopping centre’s plan to develop a car park into apartments will affect its own plan for residential development nearby https://www.businesspost.ie/retail/marks-spencer-concerned-over-jervis-development-plans-7f5db425
- Cooney-linked firm seeks talks over 202-bed student development plan https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/personal-finance/property-mortgages/cooney-linked-firm-seeks-talks-over-202-bed-student-development-plan-39300154.html
- Plans for development of 40 dwellings in Adamstown http://www.echo.ie/show/article/plans-for-development-of-40-dwellings-in-adamstown
- Global data centre builder CyrusOne is facing its latest battle over a huge data centre project at Grange Castle Business Park in south Dublin. https://amp.independent.ie/business/ergo-neighbours-see-red-as-build-time-extended-for-cyrusone-39300166.html
- Environmental Monitoring firm Sonitus Systems has explained the planning ‘discretion around construction hours here: Guidance from the Department of Housing, Planning and Local Government http://www.sonitussystems.com/news
- Irish language concerns in Rathcairn and approval given for hotel development and housing scheme | https://intallaght.ie/irish-language-concerns-in-rathcairn-and-approval-given-for-hotel-development-and-housing-scheme/
- Kennedy Bridge designers being sued for €18.5m https://m.independent.ie/regionals/newrossstandard/news/kennedy-bridge-designers-being-sued-for-185m-39287747.html
- Business Case For The States €30 Million Data Centre Must Be Updated As A Result Of The Project’s Delay Due To Planning Issues. | Kfm Radio https://kfmradio.com/news/19062020-0826/business-case-states-%E2%82%AC30-million-data-centre-must-be-updated-result-projects
- Court quashes permission for planned Drogheda housing development – Project would have seen the construction of 450 housing units
https://www.irishtimes.com/business/construction/court-quashes-permission-for-planned-drogheda-housing-development-1.4283666?mode=amp
- Application for 219 homes and crèche at Kilgarron Hill – https://m.independent.ie/regionals/braypeople/application-for-219-homes-and-creche-at-kilgarron-hill-39291034.html
- Planning permission sought for five-storey apartment block in Naas https://kildare-nationalist.ie/2020/06/14/planning-permission-sought-for-five-storey-apartment-block-in-naas/#.XudIySVw2Ec
- LATEST: An Bord Pleanála upholds Council’s decision to refuse permission for apartment blocks in Clane – Leinster Leader https://www.leinsterleader.ie/news/home/550848/latest-an-bord-pleanala-upholds-council-s-decision-to-refuse-permission-for-apartment-blocks-in-clane.html
- Kildare County Council grants planning permission for Athy apartments
Two storey apartments https://www.kildarenow.com/news/home/551612/kildare-county-council-grants-planning-permission-for-athy-apartments.html
- Kildare County Council refuses planning for 18 houses close to primary school – Pedestrian and cycle route on plan
https://www.kildarenow.com/news/home/551660/kildare-county-council-refuses-planning-for-18-houses-close-to-primary-school.html
- BREAKING: Derryadd windfarm gets planning permission https://www.shannonside.ie/news/local/longford/breaking-derryadd-windfarm-gets-planning-permission/
- Advance Works Set to Start on Killaloe Bridge and Bypass Project – The Clare Champion https://clarechampion.ie/advance-works-set-to-start-on-killaloe-bridge-and-bypass-project/
- Developer hits out at Newmarket-on-Fergus infrastructure – The Clare Echo News https://www.clareecho.ie/developer-hits-out-at-newmarket-on-fergus-infrastructure/
- Quinn Precast has become the first company in Ireland to attain an Environmental Product Declaration (EPD) for a structural precast concrete product under the Irish EPD system: https://www.irishbuildingmagazine.ie/2020/06/15/quinn-first-for-irish-environmental-product-declaration-for-precast-concrete/
- Frank Kenny to step down from Hibernia Reit board https://amp.independent.ie/business/commercial-property/frank-kenny-to-step-down-from-hibernia-reit-board-39298449.html
- Sonica, a fit-out & construction company with 50 employees at offices in Dublin, Cork, Belfast and Berlin, has appointed Dan Ryan as Construction Director.
https://www.irishbuildingmagazine.ie/2020/06/15/sonica-appoints-dan-ryan-as-construction-director/
- The Directors of Patrick Lynch Ltd, an Electrical Division of Jones Engineering, have announced the appointment of Shane Lennon and Kevin White as Operations Directors. https://www.irishbuildingmagazine.ie/2020/06/15/kevin-white-and-shane-lennon-appointed-patrick-lynch-ltd-operations-directors/
PROPTECH, MMC & CONSTRUCTION INNOVATION
- Proptech Ireland is updating the database of 2020 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 *
- Making It Work: Ziggytec aims to save energy in more ways than one
Start-up uses IoT technology to provide commercial property owners with live data on energy usage as it streamlines meter readings https://www.businesspost.ie/smes/making-it-work-ziggytec-aims-to-save-energy-in-more-ways-than-one-f3dc437c
- Data mapper Gamma aiming to find energy waste under every roof https://amp.independent.ie/business/technology/news/data-mapper-gamma-aiming-to-find-energy-waste-under-every-roof-39294367.html
- Making It Work: Evercam opens €3m funding round ahead of overseas expansion plans: Supplier of time-lapse and project-management cameras to the construction industry looks to US and Australian markets https://www.businesspost.ie/smes/making-it-work-evercam-opens-3m-funding-round-ahead-of-overseas-expansion-plans-d20e5b48
- €30m lined by for tech sector: A taste of success on the Frontline – For Will Prendergast, co-founder and partner of Frontline Ventures, it’s not all about the money https://amp.independent.ie/business/technology/interview-a-taste-of-success-on-the-frontline-39300130.html
- Proptech firms tasked with developing how to digitise upfront sales information – Property Industry Eye https://propertyindustryeye.com/proptech-firms-tasked-with-developing-how-to-digitise-upfront-sales-information/
- Land registry IT service falls short on ‘value for money’ – Scheme estimated to cost £46m ended up costing close to £100m by April last year https://www.irishtimes.com/news/ireland/irish-news/land-registry-it-service-falls-short-on-value-for-money-1.4280528
- New tool allows agents to create pet-friendly contracts at speed
https://www.lettingagenttoday.co.uk/breaking-news/2020/6/proptech-tool-allows-agents-to-generate-pet-friendly-contracts-at-speed?source=newsticker
- Agency live-streaming all instructions to cope with demand
https://www.estateagenttoday.co.uk/breaking-news/2020/6/agency-live-streaming-all-instructions-to-cope-with-demand?source=newsticker
- Appraisals at a Distance: The COVID-19 pandemic didn’t create the proptech movement, but it is accelerating the realization that the ideas, technologies, and value it offers are no longer a luxury, but a requirement in real estate. It would be an understatement to say that the current global pandemic has created a unique housing experience. From virtual showings to in-car closings, social distancing has created a near perfect storm for appraisers, originators, and agents when it comes to viewing and valuing properties. As current and potential homeowners continue to move forward with buying, selling, and refinancing properties, it’s important that valuations are done both accurately and safely. So how do industry pros really feel about appraisals from a distance?
https://dsnews.com/daily-dose/06-19-2020/appraisals-at-a-distance
- The New Proptech: Startups Focused On Saving Time And Money Will Thrive – Crunchbase News https://news.crunchbase.com/news/the-new-proptech-startups-focused-on-saving-time-and-money-will-thrive/
- PropTech Today: Do we care that tech can now halve transaction times?
https://www.estateagenttoday.co.uk/breaking-news/2020/6/proptech-today-do-we-care-that-tech-can-now-halve-transaction-times?source=newsticker
- Proptech startup Homeday lands €40M | PitchBook https://pitchbook.com/newsletter/proptech-startup-homeday-lands-40m
RESIDENTIAL PROPERTY NEWS
- Estate agents reporting positive sales activity since lockdown eased https://www.irishexaminer.com/breakingnews/business/estate-agents-reporting-positive-sales-activity-since-lockdown-eased-1006233.html
- Cabinet to extend ban on rent increases https://m.independent.ie/news/cabinet-to-extend-ban-on-rent-increases-39299097.html
- Coronavirus: Is the drop in Dublin rents here to stay? https://www.bbc.com/news/amp/world-europe-53025890
- Why the Irish buy-to-let market is struggling to get a bite from investors
Hefty loan rates are deterring many would-be landlords from dipping their toes in the market, amid a surfeit of apartment schemes https://www.thetimes.co.uk/edition/ireland/why-the-irish-buy-to-let-market-is-struggling-to-get-a-bite-from-investors-g5c78z5vv
- Solid homebuyer demand set to return – KBC Bank https://www-rte-ie.cdn.ampproject.org/c/s/www.rte.ie/amp/1147467/
- More than 2,600 first-time house buyers borrowed more than the regulatory limit of three-and-a-half times their income last year, while almost half borrowed 90% of the price of their home.
New figures from the Central Bank of Ireland show that 17% of first-time buyers in 2019 needed an exemption from its credit rules, which cap mortgages at three-and-a-half times income. https://www.thetimes.co.uk/article/first-time-buyers-go-through-central-banks-ceiling-for-borrowing-fzmb8rrwh
- IN 2019 housing associations in Kildare added 201 social housing units, the third highest figure in the country outside of the metropolitan areas behind Louth (226) and Kilkenny (210): https://kildare-nationalist.ie/2020/06/15/associations-add-200-homes-to-kildare-stock/#.XuffKPdw2Ec
- Ballymore: Bellingsfield and Longstone developments in Naas are available for viewings https://www.kildarenow.com/news/home/551407/bellingsfield-and-longstone-developments-in-naas-are-available-for-viewings.html
- Smart moves: how to speed up a property sale https://www.businesspost.ie/property-insight/smart-moves-how-to-speed-up-a-property-sale-b1b38d77
- Singer Mary Coughlan faces the music over granny flat for daughter https://www.thetimes.co.uk/edition/ireland/singer-mary-coughlan-faces-the-music-over-granny-flat-for-daughter-lrrt7fsrr
- Cheap Irish home truths: ‘Be ready to get your hands really dirty’ https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/life-and-style/homes-and-property/cheap-irish-home-truths-be-ready-to-get-your-hands-really-dirty-1.4279574?mode=amp
COMMERCIAL PROPERTY NEWS
- Cormac Lucey: Covid may sicken offices and the high street, but property will bounce back https://www.thetimes.co.uk/edition/ireland/cormac-lucey-covid-may-sicken-offices-and-the-high-street-but-property-will-bounce-back-ch3sfpv98
- It’s almost counter-intuitive during the pandemic, but agents are reporting a strong pick-up in enquiries from tenants seeking “flexible office space”, as the return to working from office buildings continues. https://m.independent.ie/business/commercial-property/rebound-in-demand-for-flexible-office-space-is-reported-amid-return-to-work-39294351.html
- Bloomsday buy: Ulysses pub in Dublin 7 on the market for €700k – No 9 Little Britain St played starring role as Barney Kiernan’s pub in Joyce’s Ulysses https://www.irishtimes.com/life-and-style/homes-and-property/bloomsday-buy-ulysses-pub-in-dublin-7-on-the-market-for-700k-1.4277812?mode=amp
- US tech giant signs €24m office lease in Dublin: Goodbody sale yet to complete, data centres and water usage, and €100m wind farm for Mayo https://www.irishtimes.com/business/media-and-marketing/us-tech-giant-signs-24m-office-lease-in-dublin-1.4278821?mode=amp
- Landlords get go-ahead for legal action against Debenhams – Both firms involved in action regarding two Irish outlets are linked to Roche family https://www.irishtimes.com/business/retail-and-services/landlords-get-go-ahead-for-legal-action-against-debenhams-1.4279761?mode=amp
- The coronavirus conundrum for commercial leases
Covid-19 could trigger subleases and assignments of commercial leases https://www.businesspost.ie/commercial/the-coronavirus-conundrum-for-commercial-leases-6dee70bc
- Iconic Offices introduces temperature checks at Dublin office – Flexible workspace provider introduces full Covid-19 response plan for staff and clients
https://www.irishtimes.com/business/commercial-property/iconic-offices-introduces-temperature-checks-at-dublin-office-1.4277529?mode=amp
- Also: Creating certainty in uncertain times
Iconic Offices has been working hard to make its workspaces as safe as possible for returning clients https://www.businesspost.ie/commercial-reports/creating-certainty-in-uncertain-times-f63f7483
- Former Cruzzo’s restaurant becomes Malahide’s answer to remote working
Malahide marina building transformed into Dublin’s newest serviced office space, The View
https://www.irishtimes.com/life-and-style/homes-and-property/former-cruzzo-s-restaurant-becomes-malahide-s-answer-to-remote-working-1.4277781?mode=amp
- Space ace: multinationals lead the way in office design – US companies have set the bar high when it comes to office design and fit-out https://www.irishtimes.com/special-reports/ireland-us-business/space-ace-multinationals-lead-the-way-in-office-design-1.3920595?mode=amp
- Clothing retailer AllSaints seeks deal on rent to avoid bankruptcy
Retailer proposes compromise with creditors to allow it trade through downturn https://www.irishtimes.com/business/retail-and-services/clothing-retailer-allsaints-seeks-deal-on-rent-to-avoid-bankruptcy-1.4283623?mode=amp
INTERNATIONAL PROPERTY NEWS
- How we run our cities will determine the fate of the planet – Two books tell tale of London’s capture by capital and how we can plot a better future https://www.irishtimes.com/culture/books/how-we-run-our-cities-will-determine-the-fate-of-the-planet-1.4271715?mode=amp
- Four in five retailers won’t pay full rent
Stand-off with landlords threatens the recovery https://www.thetimes.co.uk/article/four-in-five-retailers-wont-pay-full-rent-d3fvnx8zm
- Construction safety is ‘broken’ say fire chiefs
https://www.bbc.com/news/business-53105997
NEW FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS
Crowd-sourcing answers topical property questions:
Irish Property Buyers Handbook annuals
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 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/