Sunday Property Round-Up 26th July, 2020

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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: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Unemployment in Ireland  is likely to hover between 22% – 25% in the short/medium term and the team at Host in Ireland want to take a temperature check to access if the Datacentre Ecosystem here will be one of the more positive employment stories in this period – if you are involved in this sector, please take a few moments to complete this survey (all contributors will have access to findings and insights arising from those) https://www.surveymonkey.com/r/hostinirelandjobs 

 

 

 

 

  • Watch an industry panel made up of Iconic Offices’ CEO Joe McGinley, alongside Michael Healy of Savills and Jerry Corcoran of BNP Paribas Real Estate discuss the impact Covid-19 has had on businesses and how companies are tackling this ‘new norm’.  Navigating the Covid-19 Landscape – Restructuring, Returning & Reimagining Dublin’s Working World: https://lnkd.in/ePBEWeU

 

 

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 Property Matters this week Bryan Fox and I are joined remotely by Councillor Denis O’Callaghan, Labour Party representative for Killiney Shankill, John Power Managing Director of SGL corporate finance and Niall Newman of KSN Construction Consultants.

 

*Listen back: https://ipropertyradio.com/labour-party-sgl-corporate-finance-ksn-construction-consultants/

Email the Property Matters team at hello@iPropertyRadio.com

 

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*

 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

 

 

 

 

 

 

 

 

 

  • In the Sunday Independent today: In the Sunday Independent: Temporary change granted for student accommodation. Investment fund NTM Capital has been granted permission by An Bord Pleanala to temporarily change its 289-bed student accommodation building on the site of the former Nolan Seafood factory in Rathdown Road, Dublin to accommodation for tourist and visitor use.

    The fund behind the development, which is under construction, sought the temporary change to a planning condition that the site would only be occupied as student accommodation.

    The permitted change will apply over the academic year, from September 2020 to the end of May 2021, at which point the original condition will be applicable. The proposal was made due to Covid-19 and the potential impact on the progress of construction at the development. It added student numbers could be reduced due to travel bans: https://amp.independent.ie/business/irish/ergo-39395570.html

 

 

  • In the Business Post today, McGrath warns departments to spend €500m earmarked for building projects: Minister says he will ‘take a very dim view’ if the money is not spent on shovel-ready projects before the end of 2020 https://www.businesspost.ie/ireland/mcgrath-warns-departments-to-spend-500m-earmarked-for-building-projects-7e071842

 

 

  • Small pick-up in development land activity since lockdown eased: Lens Media has paid €26m for 48 acres at Grange Castle, but very few other sales are done and dusted https://www.businesspost.ie/commercial/small-pick-up-in-development-land-activity-since-lockdown-eased-ee8cf5e9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 * 

 

 

 

 

 

  • CBRE signs deal with IBM for Smart Maintenance service: Watson will help keep data centers healthy https://www.datacenterdynamics.com/en/news/cbre-signs-deal-ibm-smart-maintenance-service/

 

 

 

 

 

 

 

  • Good business or digital bias? The divisive rise of ‘proptech’ | The Dispatch https://www.thedispatch.in/good-business-or-digital-bias-the-divisive-rise-of-proptech/

 

 

 

  • The future of proptech is in Abu Dhabi | CityMetric https://www.citymetric.com/future-proptech-abu-dhabi-5216

 

 

 

RESIDENTIAL PROPERTY NEWS

 

 

 

 

  • The expansion of the help-to-buy scheme is having a major impact on the housing marking as it has already inflated property prices, according to Sinn Féin’s Eoin Ó Broin. https://amp.breakingnews.ie/ireland/help-to-buy-scheme-expansion-already-inflating-property-prices-1012298.html

 

  • House prices continue to fall but experts believe now is the time to buy https://extra.ie/2020/07/20/lifestyle/home-sales-fallen-lockdown/amp

 

 

 

 

 

 

 

 

  • Home owners flouting rules on short-term lets: Some 1,700 Airbnb hosts in rent pressure zones are failing to register properties with local councils https://www.businesspost.ie/hospitality/home-owners-flouting-rules-on-short-term-lets-8a6843d7

 

 

 

 

 

 

 

COMMERCIAL PROPERTY NEWS

 

 

 

  • Commercial property and the two-speed economy: The corporate world is doing well, but the ‘real’ domestic economy is suffering – a dislocation which looks set to only increase further https://www.businesspost.ie/commercial/commercial-property-and-the-two-speed-economy-6204d1b5

 

 

 

 

  • Bewley’s tells Grafton Street landlord it can clear rent arrears: The historic property could be set to reopen, having been closed since March https://www.businesspost.ie/hospitality/bewleys-tells-grafton-street-landlord-it-can-clear-rent-arrears-7d93ab06

 

 

 

  • WeWork poised to open fifth office in Dublin next year: The building, on Dame Street, is on the site of the old Central Bank headquarters https://www.businesspost.ie/commercial/wework-poised-to-open-fifth-office-in-dublin-next-year-8ae49a26

 

 

 

 

  • Law firm requested eviction ban wording to be changed: McCann Fitzgerald contacted the then housing minister Eoghan Murphy requesting that the text be changed to clearly exclude commercial tenants from protection https://www.businesspost.ie/legal/law-firm-requested-eviction-ban-wording-to-be-changed-1db919e6

 

 

 

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 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/

 

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