Weekly 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: 

 

 

• Firstly, some in-house news! We are delighted to unveil our newest division at Property District, a brand-new Media Buying Division, specifically tasked with Identifying waste in construction and real estate advertising spend in Ireland. Right now, print is in decline (-10.4%), digital and social media advertising is on the rise (+6%), and podcast advertising is expected to be the fastest growing sector for maximum reach (+22.3%) – does your advertising budget for 2023 reflect this? If not, check out https://propertydistrict.ie/property-district-launches-media-buying-division/ or chat to our Media Buying Division to assess the return of your current advertising investment and review the full range of options: Email media@propertydistrict.ie 

 

• Public Consultation:  Tailte Éireann is currently seeking input on the development of its first Statement of Strategy, 2023-2026: Use your voice 👉https://www.tailte.ie/news/public-consultation-process-for-the-statement-of-strategy-2023-2026/ 

 

• A huge backlog at the newly-formed land registry body is causing delays for home buyers: Newly-established State agency Tailte Éireann has a backlog of 119,970 applications for land registry services, a Freedom of Information request has revealed. https://www.irishexaminer.com/news/arid-41138359.html 

 

• Gníomhaíocht tógála maolaithe níos géire mí an Aibreáin ná an mhí roimhe sin https://www.rte.ie/news/nuacht/2023/0515/1383674-maolu-mor-ar-an-togail-le-raithe/

 

• Are Irish house prices set to fall further, in common with many European markets? House prices have edged lower in recent months as the housing market reaches a turning point. So what happens next? https://www.irishtimes.com/your-money/2023/05/18/are-irish-house-prices-following-other-european-countries-downwards/

 

• A huge backlog at the newly-formed land registry body is causing delays for home buyers: Newly-established State agency Tailte Éireann has a backlog of 119,970 applications for land registry services, a Freedom of Information request has revealed. https://www.irishexaminer.com/news/arid-41138359.html 

 

• It was great to see the Construction Industry Federation and Royal Irish Academy call on all stakeholders to “WORK TOGETHER” to plan for the future delivery of Ireland’s construction needs, which is a message that will be well received by www.mmcireland.ie members who are driving innovation at an industry level. This degree of cooperation and collaboration is will be critical as the offsite and modern methods of construction ecosystem matures – read the report here: https://www.ria.ie/news/science-committees-engineering-and-computer-sciences-committee-geography-and-geosciences-0

 

• Ireland is missing at least 200,000 rental homes. And that number is growing, not shrinking: In the last few months yields have reached a three-decade high. While the sale segment finds some semblance of balance, the rental segment continues to struggle. https://thecurrency.news/articles/117642/ireland-is-missing-at-least-200000-rental-homes-and-that-number-is-growing-not-shrinking/ 

 

• Number of planning cases dealt with by An Bord Pleanála drops by half: Draft data shows that by the end of March, the appeals board had disposed of 366 cases compared with 719 cases in the same period last year https://www.irishtimes.com/ireland/housing-planning/2023/05/15/number-of-planning-cases-dealt-with-by-an-bord-pleanala-drops-by-half/

 

• Pushback against ‘cosmetic exercise’ of renaming Bord Pleanála: Staff union Fórsa, TDs and the Oireachtas Housing Committee have said the move would be costly, humiliating and unnecessary https://www.businesspost.ie/article/pushback-against-cosmetic-exercise-of-renaming-bord-pleanala/

 

• A few key initiatives could make all the difference in delivering housing: This big bold brave step is to dig out, dust down, update and implement the 1973 Kenny Report on the regulation of the cost of building land for housing https://www.irishexaminer.com/opinion/commentanalysis/arid-41139427.html

 

• Only four tenant-in-situ applications completed in South Dublin, ‘putting off landlords’: It’s taking over six months to sell a house to local authorities https://www.newstalk.com/news/only-four-tenant-in-situ-applications-completed-in-south-dublin-putting-off-landlords-1465888

 

• Modular homes a potential solution to getting 1,800 Laois people off the housing waiting list https://www.laoistoday.ie/2023/05/16/modular-homes-a-potential-solution-to-getting-1800-laois-people-off-the-housing-waiting-list/

 

• Construction needs to embrace factory-built homes to survive: The UK’s archaic housebuilding industry has hit a brick wall 

  https://www.thetimes.co.uk/article/construction-needs-to-embrace-factory-built-homes-to-survive-fxvs8z7n6

  
  
  

• Housing targets risk climate targets unless builders switch to timber, Green Party says: The Green Party has called for the establishment of a working group to address restrictive Irish laws around use of wood in residential construction https://www.businesspost.ie/news/housing-targets-risk-climate-targets-unless-builders-switch-to-timber-green-party-says/

 

• Department endorsed lifting of eviction ban due to ‘negative impacts on landlords’: Attorney General Rossa Fanning was of the opinion that any extension of the eviction ban would require ‘substantial evidence and legal and policy justification’ https://www.irishexaminer.com/news/politics/arid-41140312.html

 

• It’s great to see a number of construction firms amongst Ireland’s 150 Best Employers 2023: full list  https://m.independent.ie/business/irelands-best-employers/irelands-150-best-employers-2023-full-list/a961234642.html

 

• Inaugural Rotary Ireland Student Environment Award has been won by a group of students from TU Dublin: The aim of the award is to encourage students to submit projects on how woodlands, forests and the wood from trees can contribute to achieving net zero https://dublingazette.com/dublinlocalmatters/news/rotary-ireland-award-56423/

 

• Dublin City Council already ‘close’ to meeting tenant-in-situ targets for year: Council may seek sanction to exceed 450 target of purchases from landlords https://www.irishtimes.com/ireland/dublin/2023/05/15/dublin-city-council-already-close-to-meeting-tenant-in-situ-targets-for-year/

 

• Dublin ranks as second worst capital city to buy property in Europe https://meanwhileinireland.com/dublin-worst-capital-city-property-in-europe/

 

• Taoiseach says ‘no need’ for protests at refugee housing, after blockade by Clare locals – The dispute centres around Magowna House in Inch, where around 34 asylum seekers arrived yesterday evening. https://www.thejournal.ie/clare-asylum-seekers-2-6069078-May2023/

 

• Well done to Neil Bannon and all the Bannon team on a hugely successful and enjoyable Property Picnic 2023 in aid of Cancer Trials Ireland: The event took place at Hibernia Real Estate Group Ltd’s 1 Windmill Lane, which is truly one of Dublin’s most stunning buildings, full of legacy and life. Event sponsors Core Capital Limited Glass Bottle, Mastertech Group, Matheson LLP, MCR Group, PrepayPower, House Dublin and Red Rock Developments Ireland were all well represented on the night: This is a wonderful  initiative for a wonderful cause – There is still time to donate at https://www.idonate.ie/fundraiser/PropertyPicnic2023

 

@ipropertyradio What a night! Delighted to attend Property Picnic 2023 last night in Windmill Lane in aid of CancerTrials Ireland #RedRockDevelopmentsIreland #CoreCapitalLimited #HiberniaRealEstateGroupLtd #MastertechGroup #Bannon #PropertyPicnic #PropertyPicnic2023 #ireland #property #cancertrialsireland #ipropertyradio #propertydistrict #placeengage #irishrealestatenews ♬ Do It Better – Beachcrimes & Tia Tia

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

We are excited to share the growth of iPropertyRadio! What started as #PropertyMatters, a 60-minute weekly show on Dublin South FM 93.9FM over 4 years ago, has now evolved into a global online station for the best construction, urban planning, property and proptech content. Check out our website, iPropertyRadio.com, brought to you by Hear Me Roar Media for live and recorded access to all the week’s built environment news. 

Want to have your industry podcast included or be a guest on our shows? Reach out to us at hello@ipropertyradio.com. Last year, we hit a massive 7.5 million digital impressions across our brands and this figure is growing – Q4 2022/Q1 2023 we now have an  average of 765,876 digital impressions each month, not including radio listenership and website visits. Huge thanks to all of you for your continued support!

This week on iPropertyRadio… 

 

#Property Roundup

This week on #PropertyRoundup, we chat  to Helen Quigley, Head of Operations & Stakeholder Management at First Home Scheme – a collaboration of AIB, BOI, PTSB, EBS/Haven and the State – which aims to bridge the affordability gap for First Time Buyers and those qualifying under the ‘Fresh Start’ principle. Helen takes us through the application qualification process, which takes a matter of days. Listen back to the full interview to hear about how they can support you through your journey to home ownership. 

Watch/ listen back: https://ipropertyradio.com/property-matters/

 

#Proptech Hot Seat

 

In the iPropertyRadio.com Proptech Hot Seat with host Carol Tallon this week is William Young, Vice President at NavigatorCRE, the Commercial Real Estate Business Intelligence Platform. William discusses what exactly Navigator CRE is, who the customers are and what problems is NavigatorCRE helping them to solve. William talks through his own background and how he got into the industry. Are the team seeing an increased demand for technology in the space? Listen back to the full interview to find out and also about the long term vision for the company.

Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/

 

 

#BreakingGround

This week on #BreakingGround host Carol Tallon chats to self builder from Clare, Eoghan Donnelly, about his self build journey with his partner April. Having just broken ground a month ago, Eoghan talks through their recent success with mortgage broker Finance Solutions. He discusses their choice to go down the self building route, not finding their perfect home so why not build it!. Listen back to the full interview and hear about the extent of their self-build journey, including the involvement of others in bringing their vision to life.

Watch back and listen back: https://ipropertyradio.com/shows/

 

Produced by Katie Tallon, with the Hear Me Roar Media  on sound: https://hearmeroarmedia.com/

 

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

• Céard é Comhfhorbairt Áite? “Teastaíonn dea-áitíocht saineolaithe ildisciplíneacha freagraí a chur ar fáil, ach tugann áitíocht maith guth don phobal chun na ceisteanna cearta a chur ar bun.” 👉https://placeengage.com/ceard-e-comhfhorbairt-aite/ 

 

• How to engage the community in placemaking in 2023 | PLACEengage  https://placeengage.com/how-to-engage-the-community-in-placemaking-in-2023/

 

• Public Consultation: DCC is preparing a Draft Local Area Plan (LAP) for lands at Dublin Industrial Estate and environs, Dublin 7 & Dublin 11, and is now engaging in pre-draft consultation from Friday 28th of April to Friday 26th of May 2023 – get involved: https://consult.dublincity.ie/en/consultation/ballyboggan-local-area-plan

 

• Asylum seekers to be moved into three centres in Santry, Dún Laoghaire and Clondalkin: Government to place people who have arrived into the country at an industrial premises, a former college and a converted office building https://www.irishtimes.com/ireland/2023/05/17/asylum-seekers-to-be-moved-into-three-centres-in-santry-dun-laoghaire-and-clondalkin/

 

• Plans lodged for 64 new homes in Athenry town https://connachttribune.ie/plans-lodged-for-64-new-homes-in-athenry-town/

 

• ‘Community Comeback’ event to be held in Monivea next week https://connachttribune.ie/community-comeback-event-to-be-held-in-monivea-next-week/

 

• Major step forward for Loughrea Town Hall redevelopment project https://connachttribune.ie/major-step-forward-for-loughrea-town-hall-redevelopment-project/

 

• Galway City Council seeks submissions on plans for cycle lanes https://connachttribune.ie/galway-city-council-seeks-submissions-on-plans-for-cycle-lanes/

 

• Art installation plans for Limerick’s O’Connell Street are scrapped https://www.live95fm.ie/news/live95-news/art-installation-plans-for-oconnell-street-are-scrapped/

 

• €1.4 Million for Limerick projects helping Ukrainian refugees https://www.limerickpost.ie/2023/05/19/e1-4-million-for-limerick-projects-helping-ukrainian-refugees/

 

• ‘We are the fuel of this town’, yet Dingle residents struggle to find housing ahead of tourist season: High rents, the lure of Airbnb, and a profusion of holiday homes are turning the Dingle peninsula into a housing blackspot https://www.irishexaminer.com/news/munster/arid-41138299.html

 

• Bureaucracy and planning behind delays for Cavan Modular homes https://www.northernsound.ie/news/bureaucracy-and-planning-behind-delays-for-cavan-modular-homes-215396

 

• County Roscommon has been selected by University College Dublin for a 2-year study to understand how to make online data more accessible and useful for people living in rural Ireland. https://www.boyletoday.com/roscommon-selected-for-pilot-citizen-rural-project/

 

• Shock as community centre in Mayo hit with €87,000 water connection bill https://www.con-telegraph.ie/2023/05/15/shock-as-community-centre-in-mayo-hit-with-e87000-water-connection-bill/

 

• Derelict Mayo hotel building likely to be placed on open property market https://www.con-telegraph.ie/2023/05/16/derelict-mayo-hotel-building-likely-to-be-placed-on-open-property-market/

 

CONSTRUCTION, MMC & DEVELOPMENT NEWS

*The more observant amongst you might have noticed that MMC is no longer in a separate category to construction (like Proptech and construction innovation below), it is now part of our weekly construction news update, which is appropriate given that offsite and other modern methods of construction are fast becoming more mainstream and are playing a more significant part in the overall construction conversation in Ireland right now.

 

• MMC Ireland is the industry representative body for companies involved in the procurement, design and delivery – including component suppliers – of offsite and other modern methods of construction in Ireland and that organisation is driving innovation and collaboration across Ireland’s construction industry. You can learn more or sign up at: https://mmcireland.ie/

 

• Also, the MMC Ireland National Conference 2023 is taking place next month with a stellar lineup of Irish and international strategic and technical though leaders, we hope to see you there!  Register to attend at: https://www.offsitehub.co.uk/events/view?eventid=129

 

• Focus on construction: Building sector’s natural optimism is put to the test: The sector has found itself in the crosshairs of economic forces that have been unleashed, but whose impact has yet to be finally measured https://m.independent.ie/business/irelands-best-employers/focus-on-construction-building-sectors-natural-optimism-is-put-to-the-test/a2052427897.html

 

• Housing starts continue to rise despite hike in construction costs: Commencement notices for the construction of 9,928 new homes were received by the Building Control Management System between January and April https://www.irishtimes.com/business/2023/05/18/housing-starts-continue-to-rise-despite-hike-in-construction-costs/

 

• Over 100,000 new building workers needed to deliver 2030 targets: Government report says 51,000 new construction workers would be needed to deliver residential housing and retrofitting targets alone https://www.businesspost.ie/politics/over-100000-new-building-workers-needed-to-deliver-2030-targets/

 

• Micheál Martin: It’s ‘possible’ Ireland can build 40,000 new homes a year to meet demand – The Tánaiste calls for “modern methods of construction, through timber frame and through other types of steel frames,” https://www.thejournal.ie/micheal-martin-tanaiste-40000-new-homes-a-year-thejournalie-6068761-May2023/

 

• Building watchdog claims country faces ‘national emergency’ over regulation:  National Building Control and Market Surveillance Office pleads for additional resources as it warns of severe staff shortages, despite political pressure following mica crisis and Grenfell Tower disaster https://www.businesspost.ie/news/building-watchdog-claims-country-faces-national-emergency-over-regulation/

 

• IRISH CONSTRUCTION ACTIVITY SLIPS DEEPER INTO CONTRACTION TERRITORY https://www.irishrealestate.news/irish-construction-activity-slips-deeper-into-contraction-territory/

 

• Well done to all the team at Glenveagh – New Glenveagh Properties factory in Carlow could lead the way in modern home building methods – Housing Minister Darragh O’Brien visited the former Braun site to look at the new factory https://kclr96fm.com/new-glenveagh-properties-factory-in-carlow-could-lead-the-way-in-modern-home-building-methods/

 

• Premier Inn secures approval for 176-bed hotel in Clerys Quarter – Retail development on O’Connell Street is scheduled to open shortly https://www.irishtimes.com/business/2023/05/17/premier-inn-gets-go-ahead-for-176-bed-hotel-in-clerys-quarter/

 

• Former Deerhunter site in Glenageary to get 140 apartments under plan lodged: Advisers say new seven-storey proposal addresses concerns that led to rejection of previous plan https://www.irishtimes.com/business/2023/05/15/new-140-apartment-plan-for-former-deerhunter-site-in-glenageary/

 

• Judge allows developer to appeal decision over application for 102 Dún Laoghaire apartments: An Bord Pleanála had turned down application amid objections https://www.irishtimes.com/business/2023/05/18/judge-allows-developer-to-appeal-decision-over-application-for-102-dun-laoghaire-apartments/

 

• Opportunity to acquire a “ready to go” nursing home site in a prime location at Ratoath Road, Cappagh, Finglas, Dublin 11, just 700m from the National Orthopaedic Hospital. Full planning permission for a 123 bed (all ensuite) 5 storey nursing home with 107 single ensuite bedrooms, 8 twin ensuite bedrooms and 22 surface car spaces. Enquiries to CBRE Ireland: https://www.cbre.ie/properties/healthcare/details/IE-AdminUI-2409/nursing-home-site-at-ratoath-road-cappagh-finglas-dublin-11?view=isLetting%2CisSale 

 

• New planning application for market and apartments at Dennehys Cross site: A planning application has been lodged seeking permission for the mixed-use development at the site of the former Dennehys Cross Garage located on the Model Farm Road.  https://www.echolive.ie/corknews/arid-41141458.html

 

• Go-ahead given to demolish Cork city bar for apartments despite councillors’ objections: The councillors expressed concern that the apartment block would overlook a local primary school https://www.irishexaminer.com/news/munster/arid-41142889.html

 

• Planning refused for development near M8 https://tippfm.com/news/planning/planning-refused-development-near-m8/

 

• Planning sought for 75 houses and apartments in Claregalway https://www.galwaydaily.com/news/planning-sought-for-75-houses-and-apartments-in-claregalway/

 

• Linking up with developer would ‘maximise value’ of City Hall site https://connachttribune.ie/linking-up-with-developer-would-maximise-value-of-city-hall-site/

 

• New Galway housing estate plans for 49 new homes beside huge development: The major project would see nearly 50 new homes built in the area https://www.galwaybeo.ie/news/galway-news/new-galway-housing-estate-plans-8456265

 

 

• Protected disclosure sent to UL chancellor Mary Harney over €8m purchase of Dunnes site was not formally investigated: Minister urged to step in over ‘hasty’ move to drop city centre campus plan and buy different site branded ‘a complete waste of taxpayers’ money’ https://m.independent.ie/irish-news/protected-disclosure-sent-to-ul-chancellor-mary-harney-over-8m-purchase-of-dunnes-site-was-not-formally-investigated/a779397152.html

  
  

• Maynooth’s cancelled student centre cost €1.68 million: University cancelled the contract for the new centre last September https://www.irishtimes.com/business/2023/05/15/maynooths-cancelled-student-centre-cost-168-million/

 

• New student housing scheme signalled for Athlone https://www.westmeathindependent.ie/2023/05/15/new-student-housing-scheme-signalled-for-athlone/

 

• Construction On 150 Midlands Homes Began Last Month https://www.midlands103.com/news/midlands-news/construction-on-150-midlands-homes-began-last-month/

 

• Planning approved for expansion of Roscommon Business Park https://www.shannonside.ie/news/planning-approved-for-expansion-of-roscommon-business-park-223690

 

• Housing Minister Darragh O’Brien officially opens a number of new housing developments in Carlow: Minister O’Brien  visited the new housing development Gleann na Bearú in Bagenalstown https://kclr96fm.com/housing-minister-darragh-obrien-officially-opens-a-number-of-new-housing-developments-in-carlow/

 

• Planning permission granted for 25 houses in Tralee https://www.radiokerry.ie/news/planning-permission-granted-for-25-houses-in-tralee-331355

 

• Building works started on 127 housing units in Kerry so far this year https://www.radiokerry.ie/news/building-works-started-on-127-housing-units-in-kerry-so-far-this-year-331452

 

• ESB are to acquire a piece of land off Clare County Council in Quilty for the total sum of €1. 

  https://www.clareecho.ie/esb-acquire-land-off-council-in-quilty-for-e1/

• Developer says no attempt to ‘hoodwink’ businessman: Monaco-based businessman claimed he may have been the victim of ‘some kind of fraud’https://www.irishtimes.com/business/2023/05/15/developer-says-no-attempt-to-hoodwink-businessman/

 

• High Court approves liquidator for three firms in SIAC construction group – SIAC’s operations are in the building, civil engineering, roofing and cladding sectors and has worked on many high-profile building projects, including motorways https://www.irishexaminer.com/business/companies/arid-41143039.html

 

• Paddy McKillen: ‘I’m frightened’ about Qatari tactics in £1.5bn battle over luxury hotels: The Irish property tycoon says having successfully fought Nama and the Barclay brothers he now faces ‘vile lies’ from estranged business partners https://www.businesspost.ie/news/paddy-mckillen-im-frightened-about-qatari-tactics-in-1-5bn-battle-over-luxury-hotels/

 

PROPTECH, ESG & CONSTRUCTION INNOVATION

• Proptech Ireland is updating the database of 2023 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: *https://prop-tech.ie/register/ * and email product or service details to hello@prop-tech.ie

 

• Proptech Ireland: Ireland’s CONSTRUCTION and REAL ESTATE ESG technologies resource hub. Confused about how and where to start on your ESG journey? Contact us 👉https://prop-tech.ie

 

• The Innovation Value Institute (IVI) are thrilled to announce the continuation of our 2023 Webinar Series, with an upcoming webinar on digital construction on May 25th at 3PM: This webinar aims to showcase the availability of valuable data from Internet of Things (IoT) devices in buildings that have the potential to transform building construction, administration, and management. In addition, we will discuss the challenges in facilities and energy management in the context of IoT integration with other digital tools/data available in the construction and building industry, as well as several measures to advance IoT technology implementation. Please register for the event here: https://ivi.ie/upcoming-webinars/digital-construction-webinar-may-2023/

 

 

• Working towards a standard for measuring a building’s energy use: Sustainability and ESG are now at the heart of investment decisions so it’s critical that clear sustainability data on your asset is readily available https://www.businesspost.ie/property/working-towards-a-standard-for-measuring-a-buildings-energy-use/

  
  
  

• Mortgage Innovation Challenge: Competition to revolutionise the provision of mortgages in Ireland, accompanied by €1 million in grants. Initiative aims to encourage innovators to surface new approaches and drive transformative change in mortgages https://prop-tech.ie/the-mortgage-innovation-challenge/

 

• Elkstone closes €100m Early-Stage Irish Venture Fund https://amp.rte.ie/amp/1384179/

 

• Referendum on patents to be held with European elections next year: Legislative change would cut the €30,000 cost of registering a ten-year patent in all 24 EU countries to just €4,700 https://www.businesspost.ie/article/referendum-on-patents-to-be-held-with-european-elections-next-year/

 

• Cityscape Innovation Challenge: Showcase your ideas and contribute to the future of real estate – finalists will pitch their solutions in Riyadh this September, winners have the opportunity to provide a paid Proof of Concept (POC): https://prop-tech.ie/cityscape-innovation-challenge/

 

• From start-up to scale-up: Accelerating growth in construction technology https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/from-start-up-to-scale-up-accelerating-growth-in-construction-technology

 

• How AI can increase bid accuracy and fight economic uncertainty https://www.constructiondive.com/spons/how-ai-can-increase-bid-accuracy-and-fight-economic-uncertainty/650013/ 

 

• The use of digital twins in construction may provide a solution to the construction industry’s large ecological footprint  https://www.pbctoday.co.uk/news/digital-construction/construction-technology-news/building-sustainable-future-with-digital-twins-in-construction/126508/

 

• HqO and Savills Partner to Advise Tenants on Return to Office: The proptech firm and the brokerage giant hope to empirically prove which workplace setups actually work the best — and which don’t https://commercialobserver.com/2023/05/hqo-savills-return-to-office/

 

ENERGY, CLIMATE & ENVIRONMENT

• Global temperatures set to reach new records by 2027, UN body warns: World Meteorological Organisation predicts temporary breach of critical Paris Agreement threshold https://www.irishtimes.com/world/2023/05/17/global-temperatures-set-to-reach-new-records-by-2027/

 

• Kinsale gas field has ‘huge potential’ for energy storage, says ESB: The government is preparing to launch its new energy security framework, which will propose solutions to Ireland’s gas security issues https://www.businesspost.ie/news/kinsale-gas-field-has-huge-potential-for-energy-storage-says-esb/

 

• Winds of change needed if state is to meet offshore energy targets: On time delivery of entirely new industry will need regulation, planning, legal and administration to all fall into place this year https://www.businesspost.ie/article/daniel-murray-winds-of-change-needed-if-state-is-to-meet-offshore-energy-targets/

 

• One in three can’t afford to retrofit their homes https://www.rte.ie/news/business/2023/0516/1383753-one-in-three-cant-afford-to-retrofit-their-homes/

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

• Positive news coming for tenants: Having proper rent regulations in place will give more confidence to both tenant and landlord, which could then help supply https://www.irishexaminer.com/property/residential/arid-41141935.html

 

• Rents rise 1% in first three months of year: Market rents have risen by 11.7 per cent in the 12 months since March 2022, according to the latest report from property website Daft.ie https://www.breakingnews.ie/amp/ireland/rents-up-11-7-on-first-quarter-of-2022-according-to-analysis-1475687.html

 

• Dublin homes for sale: Average salary needed to rent three bedroom homes in every postcode: Stark numbers from Daft.ie revealed that average rents in South County Dublin shot up to €2,586 making it the most expensive area to rent in Ireland https://www.dublinlive.ie/news/property/dublin-homes-sale-average-salary-26922965

 

• What should we be aware of when purchasing a house privately? Property Clinic: How can we make sure both parties are happy without using an estate agent? https://www.irishtimes.com/property/residential/2023/05/17/what-should-we-be-aware-of-when-purchasing-a-house-privately/

 

• Former Dublin 4 embassy building hits the market at €4.75m: Longstanding Clyde Road home of South Korean embassy for sale along with adjacent mew https://www.irishtimes.com/property/commercial-property/2023/05/17/former-dublin-4-embassy-building-hits-the-market-at-475m/

 

• Dublin homes for sale: Inside northside’s cheapest property on the market for €145,000 – Thanks to its proximity to St Anne’s Park and the sea, the apartment is perfect for nature lovers who enjoy hiking and going for walks on the beach https://www.dublinlive.ie/news/property/dublin-homes-sale-inside-northsides-26900201.amp

 

• Fewest available Munster rentals in 17 years https://www.irishexaminer.com/news/arid-41139016.html

 

• More than 200 vacant council houses in Galway city and county https://connachttribune.ie/more-than-200-vacant-council-houses-in-galway-city-and-county/

 

• Developer retained by the Department of Integration to accommodate 80 Ukrainian refugees on the site of a protected building has been served with an enforcement order by Kildare County Council https://kildare-nationalist.ie/2023/05/16/department-in-dispute-with-kildare-council-over-using-property-for-accommodation/

 

• On the market: Your guide to four-bedroom-plus homes for sale around the country https://www.businesspost.ie/property/on-the-market-216/

 

• Most expensive Eircodes for properties outside Dublin are both in Wicklow https://m.independent.ie/regionals/wicklow/bray-news/most-expensive-eircodes-for-properties-outside-dublin-are-both-in-wicklow/a794881270.html

 

• Wexford builder says modular homes can solve housing crisis – ‘This was built in seven hours and ten minutes’ https://m.independent.ie/regionals/wexford/wexford-district/wexford-builder-says-modular-homes-can-solve-housing-crisis-this-was-built-in-seven-hours-and-ten-minutes/a574141394.html

 

• Offaly seeing big, positive response to government’s new vacant property grant https://www.offalyexpress.ie/news/midland-tribune/1165725/offaly-seeing-big-positive-response-to-governments-new-vacant-property-grant.html

 

• Historic property on Lough Rynn Estate in Leitrim comes to the market https://www.leitrimobserver.ie/news/mohill/1166536/picture-gallery-historic-property-on-lough-rynn-estate-in-leitrim-comes-to-the-market.html

 

• Could this be the cheapest ‘liveable’ house currently for sale in Ireland? https://extra.ie/2023/05/20/property/cheapest-house-in-ireland

 

• #selfbuild People impacted by Leitrim planning guidelines urged to consider derelict homes https://www.shannonside.ie/news/people-impacted-by-leitrim-planning-guidelines-urged-to-consider-derelict-homes-223968

 

• Buying a home? Here are the questions agents wish you would ask: How to decode a property listing and save a lot of time https://www.irishtimes.com/property/residential/2023/05/19/how-to-decode-a-property-listing-and-save-a-lot-of-time/?

 

• How to make our homes work more efficiently for modern life: We roadtest the ideas shared by interiors author, blogger and podcaster Kate Watson-Smyth https://www.irishexaminer.com/property/homeandgardens/arid-41132623.html

 

• Home of the Year winner and adjoining properties packed with potential in west Dublin for €1.95m: Carriage House sits alongside two other residential units, a workshop and a building with planning permission https://www.irishtimes.com/property/residential/2023/05/18/home-of-the-year-winner-and-adjoining-properties-packed-with-potential-in-west-dublin-for-195m/

 

• Darren Kennedy: How to find your French interiors-style vibe: Follow a French entrepreneur’s lead with chic pieces that spark joy alongside a selection of gems that tell a personal tale https://m.independent.ie/life/home-garden/interiors/darren-kennedy-how-to-find-your-french-interiors-style-vibe/a1272684976.html

 

• Seaside treasure has panoramic views of the north Dublin coast: This modern, light-filled home, right beside the beach at Rush, was built on the site of a 200-year-old coach househttps://www.businesspost.ie/property/seaside-treasure-has-panoramic-views-of-the-north-dublin-coast/

 

• ‘The bathroom wall just collapsed’: A first-time homeowner’s renovation project: There’s good news – replacing the rear extension roof came in under budget; and bad – walls and ceilings collapsing and a €5,000 quote to repair an old range https://www.irishtimes.com/property/interiors/2023/05/21/the-bathroom-wall-just-collapsed-a-first-time-homeowners-renovation-project/?utm_source=newsshowcase

  
  
  

 

 

 

COMMERCIAL PROPERTY NEWS

• Greening of Dublin office market presents threat and opportunity for owners of older buildings – Moves by occupiers to more sustainable properties allows for the redevelopment of buildings they vacate. But this comes at a cost https://www.irishtimes.com/property/commercial-property/2023/05/17/greening-of-dublin-office-market-presents-threat-and-opportunity-for-owners-of-older-buildings/

 

• Hotel firms were paid tens of millions of euro to accommodate refugees: Several companies were paid more than €10 million under State accommodation contracts, figures show https://www.irishtimes.com/ireland/2023/05/15/companies-paid-tens-of-millions-of-euro-to-accommodate-refugees/

 

• Ikea pilots scheme to allow Irish customers collect purchases at their local Tesco car park: Pilot scheme to allow Ikea shoppers pick up online purchases in Tesco car parks in three counties https://www.irishtimes.com/business/2023/05/15/ikea-pilots-scheme-to-allow-irish-customers-collect-purchases-at-their-local-tesco-car-park/

 

• Fully let D15 warehouse and office guiding €4m has scope for redevelopment: Unit 7 Blanchardstown Corporate Park generates annual rental income of €200,000 from strong tenant https://www.irishtimes.com/property/commercial-property/2023/05/17/fully-let-d15-warehouse-and-office-guiding-4m-offers-very-strong-return-for-investors/

 

• Jo’Burger founder Macken hits out at ex-partner’s ‘Frankenstein’ creation Crackbrgr: Jo’Burger and Crackbird founder Joe Macken says former partner John Roberts has used same menus, furniture and concept as in his much-praised former restaurants https://www.businesspost.ie/news/crackbrgr-owner-accused-of-trying-to-frankenstein-popular-chain/

 

• Three new outlets add to Limerick retail revival https://www.limerickpost.ie/2023/05/16/three-new-outlets-add-to-limerick-retail-revival/

 

• New business planned for former Timberland building in Limerick https://www.live95fm.ie/news/live95-news/new-business-planned-for-former-timberland-building/

 

• UNIVERSITY of Limerick (UL) has applied to Limerick City and County Council for planning permission to change the use of its City Centre Campus https://www.limerickpost.ie/2023/05/17/university-of-limerick-applies-for-change-of-use-at-city-centre-campus/ Also: University of Limerick accused of dodging questions over controversial site purchase – PAC members complain about lack of direct answers from university officials regarding purchase of former Dunnes Stores site https://www.irishtimes.com/ireland/education/2023/05/18/university-of-limerick-accused-of-dodging-questions-over-controversial-site-purchase/ 

 

• Center Parcs put up for sale and may fetch close to €6bn: Canadian group seeking €5.75bn in bet group will prove resilient during downturn https://www.irishtimes.com/business/2023/05/15/center-parcs-put-up-for-sale-may-fetch-close-to-6-billion/

 

• Selling the Park Hotel Kenmare: ‘It was always for sale, if somebody wrote a cheque’: Veteran hoteliers, Francis and John Brennan, plan to continue with TV work, retail collaborations and other hospitality interests https://www.irishtimes.com/life-style/people/2023/05/17/selling-the-park-hotel-kenmare-it-was-always-for-sale-if-somebody-wrote-a-cheque/

 

INTERNATIONAL PROPERTY NEWS

 

• UK Rental reform: what it means for landlords and tenants: A new reform bill promises greater protection from eviction, but it could push up housing costs. Here’s what you need to know https://www.thetimes.co.uk/article/rental-reform-what-it-means-for-landlords-and-tenants-75n32xv3s

 

• ‘In London there is no space at all’: the rise of self-storage as rents soar – A north London storage facility helps people living in tiny homes, running businesses and sofa-surfing https://www.theguardian.com/uk-news/2023/may/17/in-london-there-is-no-space-at-all-the-rise-of-self-storage-as-rents-soar

 

• The foreign location with the most UK property owners revealed: Research by Benham and Reeves shows that the place with the most owners of properties in England and Wales is Hong Kong. https://thenegotiator.co.uk/the-foreign-location-with-the-most-uk-property-owners-revealed/

 

• Creative ways to solve Australia’s homelessness crisis https://independentaustralia.net/life/life-display/creative-ways-to-solve-australias-homelessness-crisis-,17513

 

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/