If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/
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…
- My favourite article of the week: Liam Collins: ‘Why can’t the skyline match a vibrant city?’ https://m.independent.ie/opinion/comment/liam-collins-why-cant-the-skyline-match-a-vibrant-city-38012797.html
- A dream Dublin home worth €250,000 is up for grabs for just €100 https://www.dublinlive.ie/news/dublin-news/dream-dublin-home-raffle-soccer-16147496.amp
- Real Estate Tech Funding Summary Q1 2019 – #CRETECH
“Dollar volume in real estate tech companies reached new highs in Q1 2019. Compared to Q1 2018, global dollar volume increased by 607 percent, totaling $9.9 billion, the largest gain in real estate tech history.”
https://www.cretech.com/product/real-estate-tech-funding-summary-q1-2019/
- ‘So breathtakingly horrific that it borders on art’ – Bizarre Australian real estate video goes viral [Seriously, take a moment to click into this and watch the video!] https://amp.independent.ie/entertainment/banter/trending/so-breathtakingly-horrific-that-it-borders-on-art-bizarre-australian-real-estate-video-goes-viral-38024140.html
- Just in case you missed it last week, here is the Estate Agents’ Guide to Social Media 2019: https://propertydistrict.ie/estate-agents-guide-to-social-media-2019/
- UK perspective: The Government won’t listen, but you can’t help Generation Rent by hurting landlords
https://www.telegraph.co.uk/money/consumer-affairs/government-wont-listen-canthelp-generation-rent-hurting-landlords/amp/
- US perspective: Housing Will Weaken Further In 2019 And 2020 https://www.forbes.com/sites/billconerly/2019/04/20/housing-will-weaken-further-in-2019-and-2020/amp/
As always, you might let me know if I have missed out on any relevant property news by emailing carol@caroltallon.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!)
Sunday Listen
#PropertyMatters 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 (@iPropertyRadio). Seasoned political journalist and 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.
Gavin Gallagher of Proptech. TV took on Bryan’s hosting duties this week and we were joined in studio by the head of the Irish Housing Agency, John O’Connor; Director of Property Industry Ireland (PII), Dr. David Duffy and Mihai Penica of pioneering Irish proptech Standard Access.
Listen back to this episode here:
https://anchor.fm/ipropertyradio/episodes/Property-Matters–April-16th-2019-e3pi85
*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
Public Consultation and Community Engagement
- Information campaign unveiled for 85,000 people due to transfer from Cork county to city https://www.irishtimes.com/news/ireland/irish-news/information-campaign-unveiled-for-85-000-people-due-to-transfer-from-cork-county-to-city-1.3860119?mode=amp
- Looking out for Dublin 1: ambitious plans to boost Dublin’s historic district https://amp.independent.ie/business/commercial-property/looking-out-for-dublin-1-ambitious-plans-to-boost-dublins-historic-district-38010628.html
- Plan for €5m Dublin food hall to go ahead after company overturns 10pm curfew https://www.thejournal.ie/michael-wright-andrews-food-hall-curfew-3-4598115-Apr2019/?amp=1
- US perspective: Searching for the Essence of Planning at the National Planning Conference https://www.planetizen.com/features/103857-searching-essence-planning-national-planning-conference
*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*
http:/https://youtu.be/rdwwKy4MA_4
Other Property News
- The lead story in the Business section of the Sunday Independent today reports that ‘Block-buying to hit record as investors snap up developments: Funds spend 430m euro for more than 1,000 homes in three months amid crisis’. Ires Reit has apparently been the largest block-buyer in Dublin so far this year.
- Michael Cogley reports that Philip Lane’s “swansong could hit cost of mortgages”, as he calls for measures that would force the banks to hold more capital.
- Also in the Independent today, Dan White writes about the decision to offer Green Reit for sale: “The move by property veterans Stephen Vernon and Pat Gunne to sell Green Reit has led to speculation they’re calling the top” of the market.
- In The Sunday Times, Gavin Daly reports that Kennedy Wilson is “advancing plans” to develop a further 268 apartments at The Grange in Stillorgan for the rental market.
- There is a feature on Green Reit (same story as above in the Independent and below in The Sunday Business Post) on page 5 of the Money section of the Times today.
- The lead story in The Sunday Business Post today: Leaked files reveal fresh children’s hospital warnings:
“The National Children’s Hospital project is facing a risk of further cost claims from contractors, a scarcity of construction workers and staff resignations, leaked government documents reveal”
- Also in the SBP – Calling the top of the market: Is the Green Reit sale a red flag for the market? “The biggest property investment company has called it a day. Do its bosses know something we don’t?”
- ‘Like the Hunger Games’ – dozens of people sleep overnight in cars in attempt to buy houses in Cork https://amp.independent.ie/business/personal-finance/property-mortgages/like-the-hunger-games-dozens-of-people-sleep-overnight-in-cars-in-attempt-to-buy-houses-in-cork-38016585.html
- Buyers turn to ‘bank of mum and dad’ for help https://m.independent.ie/business/personal-finance/property-mortgages/buyers-turn-to-bank-of-mum-and-dad-for-help-38023790.html
- Cllrs declare housing ‘emergency’ – Connacht Tribune https://connachttribune.ie/cllrs-declare-housing-emergency/amp/
- Emergency accommodation in Cork City is full with homeless families forced into the county https://www.echolive.ie/corknews/Emergency-accommodation-in-Cork-City-is-full-with-homeless-families-forced-into-the-county-7e0bfe93-a9dc-4630-937b-f3f1414e6a6d-ds
- Property tax revaluation delays due to ‘geographically uneven’ price increases https://www.irishtimes.com/news/politics/oireachtas/property-tax-revaluation-delays-due-to-geographically-uneven-price-increases-1.3864469?mode=amp
- Local authorities will decide levels of property tax https://amp.irishexaminer.com/breakingnews/ireland/local-authorities-will-decide-levels-of-property-tax-918729.html
- 71 households apply for lead pipe replacement grant https://www.rte.ie/amp/1042771/
- Dublin-listed property investment firm – with portfolio worth €1.5 billion – is up for sale https://www.thejournal.ie/green-reit-4592100-Apr2019/?amp=1
- Richard Curran: ‘Has Vernon got his property timing right at Green again?’ https://amp.independent.ie/business/commercial-property/richard-curran-has-vernon-got-his-property-timing-right-at-green-again-38026071.html
- Ballymore names Irish construction director as projects advance https://www.irishtimes.com/business/construction/ballymore-names-irish-construction-director-as-projects-advance-1.3860277?mode=amp
- Over four acres of development land in Carlow to go on sale for €1.5m at a public auction https://www.carlowlive.ie/news/property/376114/property-development-land-in-carlow-town-to-go-on-sale-for-1-5m-at-a-public-auction.html
- 50,000 construction jobs created since 2013, says CIF https://www.rte.ie/amp/1043403/
- European construction output rises https://www.theconstructionindex.co.uk/news/view/european-construction-output-rises-3
- Huge skills shortage in construction industry
https://www.kildarenow.com/news/huge-skills-shortage-construction-industry/275553 https://www.kildarenow.com/news/huge-skills-shortage-construction-industry/275553
- New RICS guidelines for UK commercial landlords now in place – PropertyWire https://www.propertywire.com/news/uk/new-rics-guidelines-for-commercial-landlords-now-in-place/
- Here’s an interesting one: Hospitality firms eye unbranded hotel space to expand footprint https://www.livemint.com/companies/news/hospitality-firms-eye-unbranded-hotel-space-to-expand-footprint/amp-1555719334811.html
Agile Agent – Digital Transformation for Independent Estate Agents
To get involved and for free Proptech Prompts, please
Proptech and Construction Innovation
- Are you an Irish-led or Ireland-based #proptech business? If so, please take five minutes to add or update your details to our internationally-shared listing here: SIGN UP: PROPTECH INNOVATORS and to keep up-to-date on all things tech and innovation for the planning, construction and property industries, head over to http://www.prop-tech.ie. Also, we are on a mission to get every Irish construction and property technology business registered on the global proptech database UNISSU. More details here:https://prop-tech.ie/global-proptech-data-platform-unissu-com-is-launched/
- How To Hire Effectively In A Startup https://medium.com/swlh/how-to-hire-effectively-in-a-startup-133f752a8a0f
- 9 Augmented Reality Technologies for Architecture and Construction https://www.archdaily.com/914501/9-augmented-reality-technologies-for-architecture-and-construction
- Smart Docklands 3D Data Hackathon https://prop-tech.ie/smart-docklands-d3data-hackathon/
- Here’s an interesting one… Coyote Software and Control.IT back #proptech business PRODA | Property Funds World https://www.propertyfundsworld.com/2019/04/15/274965/coyote-software-and-controlit-back-proptech-business-proda
- These are Europe’s top 10 startup accelerators that you need to know about https://siliconcanals.nl/news/startups/these-are-europes-top-10-startup-accelerators-that-you-need-to-know-about/
- Nurturing leads is top priority as high-profile PropTech firms join forces https://www.estateagenttoday.co.uk/breaking-news/2019/4/nurturing-leads-is-top-proiority-as-high-profile-proptech-firms-join-forces
- Silicon Valley’s Next Target: Disrupt the Construction and Real Estate Industries https://www.inc.com/soren-kaplan/silicon-valleys-next-target-disrupt-construction-real-estate-industries.html
- Soft Space Co-Founder’s New Proptech Startup Raises RM 5 Million in Seed Fund – Fintech News Malaysia https://fintechnews.my/20551/proptech/dax-ventures-funding
- Venture capital’s fate may be written in the stars https://amp.ft.com/content/50413378-610d-11e9-a27a-fdd51850994c
- Airbnb Leads $160 Million Investment Into Hospitality Startup Lyric https://www.forbes.com/sites/samanthasharf/2019/04/17/airbnb-leads-160-million-investment-into-hospitality-startup-lyric/amp/
- Venture Capital for the 99%: Fewer than 10% of leadership roles in venture capital are held by women, and only 2.2% of VC funding went to female-founded companies in 2018
http://fortune.com/worlds-greatest-leaders/venture-capital-for-the-99-33/
- Using the past to shape future construction: Slabs that rock, tilt and roll https://techxplore.com/news/2019-04-future-slabs-tilt.amp
- Proptech Venture Capitalist Lists Startups with Potential to Expand Opportunities, Unlock Value – Urban Land Magazine https://urbanland.uli.org/development-business/proptech-venture-capitalist-lists-startups-with-potential-to-expand-opportunities-unlock-value/
- Proptech Advancements May Be a Game-Changer for Commercial Real Estate – Urban Land Magazine https://urbanland.uli.org/economy-markets-trends/proptech-advancements-may-be-a-game-changer-for-commercial-real-estate/
- 10 Proptech Predictions For 2019 – Real Estate and Construction – UK http://www.mondaq.com/uk/x/798852/real+estate/10+Proptech+Predictions+For+2019
- Land Registry backed ‘home buying passport’ proptech app to launch https://thenegotiator.co.uk/hipla/
- Lightstone launches $300M platform to buy proptech, telecom assets | Real Estate Weekly https://rew-online.com/2019/04/lightstone-launches-300m-platform-to-buy-proptech-telecom-assets/
- Unicorns run into reality: Unicorn start-ups: Business model problem leaves investors exposed
https://amp.theaustralian.com.au/business/unicorn-startups-business-model-problem-leaves-investors-exposed/news-story/b41a2b24a26bb35793237ba1cb66d71f
- Finally… Group of White Men in Patagonia Vests Confused for VC Fund, Raise $500 Million #ffs http://amp.timeinc.net/fortune/2017/09/29/group-of-white-men-in-patagonia-vests-confused-for-vc-fund-raise-500-million?__twitter_impression=true
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/