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:
- Property District has teamed up with Hear Me Roar Media and award-winning TikTok agency Nonsensical to deliver groundbreaking campaigns for Ireland-based construction and real estate companies. Contact amey@propertydistrict.ie
- Finding the right balance for Budget 2023 in taxing times: Government concern about the rising cost of living will see the budget coming next month instead of in October this year, and various adverse factors mean that finance minister Paschal Donohoe has his work cut out for him https://www.businesspost.ie/politics/finding-the-right-balance-for-budget-2023-in-taxing-times/
- Do you own a rental property? Share your experience as a ‘small landlord’: The Irish Times invites private landlords to share their stories, for an upcoming article https://www.irishtimes.com/property/residential/2022/08/11/do-you-own-a-rental-property-share-your-experience-as-a-small-landlord/
- Why we’re not building enough affordable houses: Development is hamstrung by Edwardian rules that block medium-density development. We need new, mandatory regulations https://www.irishtimes.com/opinion/2022/08/13/why-were-not-building-enough-affordable-houses/
- David McWilliams: Every time the wealth of housing goes up, the worth of everything else goes down – Property is driving a dangerous wedge between those who own homes and those who rent https://www.irishtimes.com/opinion/2022/08/13/david-mcwilliams-every-time-the-wealth-of-housing-goes-up-the-worth-of-everything-else-goes-down/
- End discrimination against small landlords https://m.independent.ie/opinion/editorial/end-discrimination-against-small-landlords-41910075.html
- Tax credits ‘to ease rent crisis’: Landlords could benefit by offering tenants more security under a proposal for next month’s budget https://www.thetimes.co.uk/article/tax-credits-to-ease-rent-crisis-0khqdtwwt
- Sales of mobile homes return to 80s levels https://extra.ie/2022/08/09/news/sales-of-mobile-homes-return-80s-levels
- Belfast property firm sells £5m worth of homes via its social media sites: “I believe this is just the beginning of a fundamental change in how people expect to buy their homes…” https://www.irishnews.com/business/2022/08/09/news/belfast_property_firms_sells_5m_worth_of_homes_via_its_social_media_sites-2793601/
- Golden opportunity for the £7bn+ single family rental sector: SFR is the version of the build-to-rent sector aimed at suburban, mid-income families, rather than at high-end apartments for youthful city centre dwellers https://www.placenorthwest.co.uk/the-subplot-single-family-rentals-golden-opportunity-liverpool-offices/
- Urgent action needed to tackle crisis in the private rental sector – As homeless figures approach record numbers again, it is critical we address the crisis now. https://www.irishexaminer.com/opinion/commentanalysis/arid-40934972.html
- POTENTIALLY 11,000 FINGAL HOMES AFFECTED BY SAFETY DEFECTS, REPORT FINDS https://dublinpeople.com/news/northsideeast/articles/2022/08/10/potentially-11000-fingal-homes-affected-safety-defect-report-41598/?amp
- Tech sector tax windfall shores up Ireland’s economy against recession: Pandemic-enhanced revenues from multinationals give Dublin more scope to mitigate the cost of living crisis https://www.ft.com/content/a9ad1507-e99b-4441-9dbd-1e7f68faf7eb
- Scottish TikToker shares ‘worst Dublin rental ad’ he’s ever seen https://m.independent.ie/videos/scottish-tiktoker-shares-worst-dublin-rental-ad-hes-ever-seen-41896793.html
- Operator brings court challenge against South Dublin’s ban on data cente https://www.breakingnews.ie/ireland/operator-brings-court-challenge-against-south-dublins-ban-on-data-cente-1349167.html
- So excited and proud of Harrison Gardner and the Common Knowledge team to see their tiny home making huge waves: Listen back to an earlier interview on iPropertyRadio.com https://youtu.be/JP4kMIEmZwA Also 🔗Hemp-clad Tigín Tiny Homes offer a way to “escape the rent trap” says social enterprise https://www.dezeen.com/2022/08/11/tigin-tiny-homes-common-knowledge-hemp-cladding/amp/
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
What started as #PropertyMatters, a single 60-minute show on Dublin South FM 93.9FM every Tuesday night, has now evolved into an online station hosting the very best construction, urban planning, property and proptech radio shows and podcasts from around the world. Our new website – produced by Hear Me Roar Media – offers audiences live and recorded access to global built environment content. To have your industry podcast included in the iPropertyRadio line-up, or to contribute as a guest on any of our shows, email the iPropertyRadio team at info@propertydistrict.ie
In the Proptech Hot Seat on iPropertyRadio.com this week Tim Streather, Managing Director of proptech Spica Technologies chats to host Carol Tallon about an integration-first approach to gathering and using smart buildings data.
Spica, is the SmartCloud division of parent company Nordomatic, who makes tech for smart places and people. Our technology encompasses hardware and software solutions for management of BMS (building management systems), workplaces and energy.
Watch back: https://youtu.be/mA4JJqIguKU
Listen back: https://ipropertyradio.com/proptech-hot-seat/
Produced by Hear Me Roar Media
Listen back to all shows at www.ipropertyradio.com
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT
- Property District West: All PR and communications (ghostwriting, social media management, public consultation and community engagement for placemaking) available through Irish from our Galway base in An Cheathrú Rua. Email brid@propertydistrict.ie for further information.
- Redevelopment of historic Dublin fruit and veg market opens for tender after three year delay: The impressive city centre market has been empty since 2019 and has fallen victim to vandalism. https://www.thejournal.ie/dublin-fruit-and-veg-market-redevelopment-tender-5837752-Aug2022/?amp=1
- Locals slam ‘lack of consultation’ on closure of North Strand Road: The use of private cars has been restricted to facilitate the building of the new Clontarf cycle lane https://www.dublinlive.ie/news/dublin-news/locals-slam-lack-consultation-closure-24709801
- GIY aims to create gardens in all primary schools by 2030 https://www.agriland.ie/farming-news/giy-aims-to-create-gardens-in-all-primary-schools-by-2030/
- Cork city’s new traffic changes explained – Motorists are being urged to observe the signage in place and allow extra time for your journey as people adjust to the new arrangements https://www.echolive.ie/corknews/arid-40936244.html
- Removal of cycling and pedestrian facilities revealed as main issues relating to Luas extension to Finglas https://www.independent.ie/regionals/dublin/dublin-news/removal-of-cycling-and-pedestrian-facilities-revealed-as-main-issues-relating-to-luas-extension-to-finglas-41897978.html
- From Tip the Can to Kerbs – the street games of Dublin childhoods: It was all fun and games until someone went home crying to their ma… https://www.dublinlive.ie/news/dublin-news/tip-can-kerbs-street-games-24650387
- Luxury living late in life Upmarket rental schemes for retirees are coming to leafy suburbs of the capital https://www.irishtimes.com/life-style/2022/08/13/homes-for-older-people/
- Plan to develop green space on northside refused by Cork City Council: In the report the council planner said it’s “not appropriate” as it wouldn’t benefit the locality https://www.corkbeo.ie/news/local-news/plan-develop-green-space-northside-24721440
- NTA to step up information campaign on Cork BusConnects after local concerns – Ahead of a series of community engagements on the project, the National Transport Authority says it plans to distribute an information leaflet on the scheme to more than 95,000 homes and businesses across Cork City in the coming weeks https://www.irishexaminer.com/news/munster/arid-40938797.html
- Proposal to convert vacant buildings into housing for Ukrainians yet to be acted on: Plan suggested in March would see builders carry out some work on a pro-bono basis, with costs of conversion recoupable https://www.irishtimes.com/ireland/housing-planning/2022/08/10/government-urged-to-act-on-plan-to-convert-vacant-buildings-into-accommodation-for-ukrainian-refugees-on-non-profit-basis/
- ‘Why sell Cork’s oasis of calm?’ Northside retreat centre set to close – Ennismore Dominican Centre in Montenotte, in Cork, is set to be put on the market despite providing much-needed social services for those most in need in Cork and beyond. https://www.irishexaminer.com/news/munster/arid-40939331.html
- Arts building must be provided in any overhaul of Galway Docks https://connachttribune.ie/arts-building-must-be-provided-in-any-overhaul-of-galway-docks/amp/
- Planners reject bid to increase capacity at Athenry creche https://galwaybayfm.ie/galway-bay-fm-news-desk/planners-reject-bid-to-increase-capacity-at-athenry-creche/
- ‘We wish more families with children would move here’: Pandemic provides a new lease of life for offshore islands: Depopulation trend reverses as remote working offers fresh opportunities for communities on the edge https://www.irishtimes.com/ireland/2022/08/13/pandemic-provides-a-new-lease-of-life-for-offshore-islands/
- Rural housing in Mayo hangs in the balance https://www.con-telegraph.ie/2022/08/12/rural-housing-in-mayo-hangs-in-the-balance/
- Going places: Castleblayney, Co Monaghan: Twenty and thirtysomethings are flocking back to their home town, which boasts good coffee, innovative office space and a beautiful country park https://www.thetimes.co.uk/article/going-place-castleblayney-co-monaghan-s5fkfqlbq
- Slane: A Meath village fit for a king: A charming, picture-perfect County Meath village, just 45 mins from Dublin, that should not be overlooked. https://www.irishcentral.com/travel/best-of-ireland/slane-meath-village-king
- €85m expansion plans for Center Parcs lodged https://www.westmeathindependent.ie/2022/08/08/e85m-expansion-plans-for-center-parcs-lodged/
- A tale of two towns: Whatever happened to Monard? The recent announcement of a new ‘sustainable’ rail-based town for Dublin, Clonburris, to cost €168.3m, was widely welcomed. But a plan for Cork, originally devised in 2001, is stuck at the station. Monard was to be home to 13,000 people, have its own railway station, and help to expand Cork as a viable counter-balance to Dublin https://www.irishexaminer.com/news/spotlight/arid-40939238.html
- A new luxury woodland cabin resort is opening in West Cork https://www.yaycork.ie/a-new-luxury-woodland-cabin-resort-is-opening-in-west-cork/
- Progress on €19 million culture and energy Portlaoise projects https://www.leinsterexpress.ie/gallery/local-news/882587/in-pictures-progress-on-19-million-culture-and-energy-portlaoise-projects.html
- The Line megacity will “revolutionise our current way of life” says Neom director https://www.dezeen.com/2022/08/11/the-line-megacity-interview-tarek-qaddumi/
CONSTRUCTION & DEVELOPMENT NEWS
- Soaring demand for skilled workers is delaying deep retrofits under home energy scheme: Labour shortages and supply-chain problems leading to delays in retrofitting programme https://www.irishtimes.com/environment/2022/08/08/soaring-demand-for-skilled-workers-delaying-deep-retrofits/
- Housing Minister has not discussed ABP investigation with country’s watchdogs: An Bord Pleanála has been in the spotlight since its deputy chairman Paul Hyde stepped back from his duties on a “strictly without prejudice” basis https://www.irishexaminer.com/news/politics/arid-40936649.html
- Work started on just one-third of fast-track housing developments since 2017 https://www.irishexaminer.com/news/arid-40936787.html
- Fresh plans for hundreds of homes on well-known site in Dublin 8 https://m.independent.ie/regionals/dublin/dublin-news/fresh-plans-for-hundreds-of-homes-on-well-known-site-in-dublin-8-41905673.html
- Plans for major student housing development at former motor dealers in Cork city: There are plans for 78 apartments, which would range in size from single bed studios to eight-bed apartments. https://www.echolive.ie/corknews/arid-40937498.html
- High Court challenge brought against planning permission for 600 new residential units in Cork: Proposed development 2km from city centre, consists of some 12 buildings with one 15 storeys in height, two others at nine storeys https://www.irishtimes.com/crime-law/courts/2022/08/10/high-court-challenge-brought-against-planning-permission-for-600-new-residential-units-in-cork/
- Appeal lodged against planning permission for 204 homes in Mahon: Canadian IT company say land was zoned for business and technology rather than housing https://www.irishexaminer.com/news/munster/arid-40937984.html
- Planning approved for new primary care centre on former CMP Dairies site on Kinsale Road: Centre will serve a population of over 42,000 people https://www.irishexaminer.com/news/munster/arid-40938869.html
- Beauty of Cork’s former Victoria Hotel limestone facade revealed: Experts spent months microblasting the paint and render to reveal the stunning cut Cork limestone, which was then repointed and restored. https://www.irishexaminer.com/news/munster/arid-40939493.html
- Plans for housing development in Woodford https://connachttribune.ie/plans-for-housing-development-in-woodford/amp/
- Long-standing derelict building in Athenry Town to be demolished next week https://galwaybayfm.ie/galway-bay-fm-news-desk/long-standing-derelict-building-in-athenry-town-to-be-demolished-next-week/
- Limerick apartment block due to be demolished suddenly appears on Daft https://www.limerickleader.ie/news/home/882255/limerick-apartment-block-due-to-be-demolished-suddenly-appears-on-daft.html
- €450m Ennis data centre campus gets approval https://www.siliconrepublic.com/enterprise/ennis-data-centre-jobs-clare
- 1,153 new addresses added to Louth’s housing stock in 12 months: GeoDirectory Residential Buildings Report Q2 2022 https://www.dundalkdemocrat.ie/news/home/878269/1-153-new-addresses-added-to-louth-s-housing-stock-in-12-months.html
- Carlow construction materials testing laboratory MTS is to create 45 new jobs in an expansion plan: MTS aims to increase its overall testing capacity, and add specialised testing services in the next two to three years https://www.carlowlive.ie/news/business/880949/nearly-50-news-jobs-to-be-created-in-carlow-by-mts.html
- Billionaire Comer brothers have agreed to pay up to €20m to buy Waterford Airport: The Galway brothers will take a majority stake with plans for significant investment https://m.independent.ie/business/irish/billionaire-comer-brothers-have-agreed-to-pay-up-to-20m-to-buy-waterford-airport-41903865.html
PROPTECH, ESG, MMC & CONSTRUCTION INNOVATION
- Proptech Ireland is updating the database of 2022 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
- New €65m challenge fund to drive digital and green innovation in Ireland https://www.siliconrepublic.com/innovation/national-challenge-fund-science-foundation-ireland-green-digital
- Got an idea for the west of Ireland? Need money? You need to talk to Gillian Buckley: Limerick woman has helped build a sustainable and profitable fund aimed at the west https://m.independent.ie/business/irish/got-an-idea-for-the-west-of-ireland-need-money-you-need-to-talk-to-gillian-buckley-41908699.html
- Europe’s best tech conferences: ranked: Our extremely unbiased ranking is based on many late nights and many cups of bad coffee https://sifted.eu/articles/european-tech-conference-event/
- Startup founders — why aren’t you lobbying more? Better communication between startup founders and policymakers could benefit both sides https://sifted.eu/articles/startup-founders-policymakers-lobbying/
- Capella looks to scale business across Ireland and beyond: The Irish firm plans to grow revenue to €10 million within five years, through helping clients transition back to the office or implement hybrid work strategies https://www.businesspost.ie/post-plus/capella-looks-to-scale-business-across-ireland-and-beyond/
- Property tech firm Density is opening international headquarters in Dublin: Company’s sensors monitor footfall and it carries out data analysis to determine how well space in offices and stores is used https://www.independent.ie/business/irish/property-tech-firm-density-is-opening-international-headquarters-in-dublin-41893013.html
- Clancy Construction Sees Off-Site Building Methods As Way Of The Future https://businessplus.ie/news/clancy-construction-off-site-building/
- First 3D concrete printing course opens in northeast https://www.rte.ie/news/regional/2022/0809/1314830-first-3d-concrete-printing-course-opens-in-northeast/ (pictured above)
- Designing in efficiencies: How #offsite can assist with streamlining the #construction industry https://www.pbctoday.co.uk/news/mmc-news/designing-in-efficiencies-how-volumetric-offsite-can-assist-with-streamlining-the-construction-industry/114102/
- Intelligent buildings vs. smart buildings: 11 Differences https://www.builderspace.com/intelligent-building-vs-smart-building-11-differences
- Altus Group’s Jim Hannon Has a Big Appetite for Proptech Startups: New chief executive says he’s hungry to grow the company’s ‘intelligence as a service’ platform https://commercialobserver.com/2022/08/altus-group-jim-hannon-proptech/
- Customers must be at the heart of PropTech solutions, says white paper https://www.estateagenttoday.co.uk/breaking-news/2022/8/customers-must-be-at-the-heart-of-proptech-solutions-claims-new-white-paper?source=newsticker
- PropTech Just Got a Treasure Map – Did you know that there are over 9,000 real estate technology companies that have emerged over the past decade? https://www.propmodo.com/proptech-just-got-a-treasure-map/
- All-in-one moving: Using proptech to streamline the market https://www.propertyreporter.co.uk/business/all-in-one-moving-using-proptech-to-streamline-the-marke.html
- Silicon Slopes PropTech Chapter Changing the Built World https://newsroom.siliconslopes.com/magazine/untitled-20/
- Jarvo tops Seedrs target in record-breaking 42 seconds https://businesscloud.co.uk/news/jarvo-tops-seedrs-target-in-record-breaking-42-seconds/
- The tech transformation imperative in retail https://www.mckinsey.com/industries/retail/our-insights/the-tech-transformation-imperative-in-retail?cid=soc-web
- Ex-Adobe and Facebook engineers raise $2M for Seattle software startup that helps small landlords https://www.geekwire.com/2022/ex-adobe-and-facebook-engineers-raise-2m-for-seattle-software-startup-that-helps-small-landlords/
- Phoenix startup Stoa lands another $100 million in new financing https://www.bizjournals.com/phoenix/inno/stories/fundings/2022/08/12/stoa-financing-100-million-startup.html
- New report takes deep dive into Canada’s growing PropTech sector https://www.itworldcanada.com/article/new-report-takes-deep-dive-into-canadas-growing-proptech-sector/497089
RESIDENTIAL PROPERTY NEWS (including PRS)
- Ireland’s house prices have returned to the peak of the Celtic Tiger boom – Latest Residential Property Price Index from the CSO shows national house prices have increased 14.1% in the past 12 months. That compares to a 6.8% increase in the year before https://www.newstalk.com/news/irish-house-prices-hit-celtic-tiger-peak-1372015
- KNOW YOUR RIGHTS: Scheme to help buy your first home https://www.southernstar.ie/news/know-your-rights-scheme-to-help-buy-your-first-home-4247053
- More than half of local authority home loan applications rejected: State-backed scheme provides loans to first-time buyers refused mortgage by traditional lenders https://www.irishtimes.com/business/economy/2022/08/08/more-than-half-of-local-authority-home-loan-applications-rejected/
- High rejection rate associated with State mortgage scheme linked to repayment capacity: Local Authority Home Loan scheme provides loans to first-time buyers at a reduced rate https://www.irishtimes.com/business/economy/2022/08/12/high-rejection-rate-associated-with-state-mortgage-scheme-linked-to-repayment-capacity/
- Mortgage rates here down but still second highest in Eurozone https://m.independent.ie/business/personal-finance/property-mortgages/mortgage-rates-here-down-but-still-second-highest-in-eurozone-41902496.html
- Major fears for mortgage competition after lender caps loans at two-and-a-half times salary https://m.independent.ie/business/personal-finance/property-mortgages/major-fears-for-mortgage-competition-after-lender-caps-loans-at-two-and-a-half-times-salary-41906553.html
- Patrick Freyne: Today’s children won’t able to afford a house unless it’s actively on fire: Do the tots of today dream of attic conversions while chewing the heads off action figures? https://www.irishtimes.com/culture/tv-radio/2022/08/12/dream-home-makeover-existential-angst-try-an-extension-or-just-add-cushions/
- New data shows a catastrophic shortage of new rental accommodation. Adding a few thousand rental homes – in Dublin only – couldn’t possibly be the cure for the rental market. https://thecurrency.news/articles/92487/inside-irelands-rental-crisis-surging-prices-incoherent-policies-and-the-build-to-rent-debate/
- Average rents soar by 12.6% as supply of homes plunges https://www.breakingnews.ie/amp/ireland/average-rents-soar-by-12-6-as-supply-of-homes-plunges-1347957.html
- Ireland’s largest landlord says rents are 16% above its €1,688 average: IRES Reit says that, with an occupancy rate of 99.3%, practically all of its apartments are permanently rented https://www.irishexaminer.com/business/economy/arid-40938356.html Also: Irish Residential Properties REIT’s H1 revenues up 6.7% https://www.rte.ie/news/business/2022/0811/1315095-irish-residential-properties-reit-results/
- The number of termination notices received by the Residential Tenancies Board in the first half of the year rose by 58%: Almost 3,000 notices of termination were received in the first half of 2022, compared to over 1,800 in the final six months of 2021. https://www.rte.ie/news/ireland/2022/0807/1314445-tenancies-report/
- Number Of Landlords Leaving The Market Doubles To 5,599 In A Year https://businessplus.ie/news/landlords-leaving-the-market/
- Rents are at record highs — so why are private landlords fleeing the market? A big jump in landlords selling up comes despite record rent levels – yet another sign of a broken market https://www.irishtimes.com/business/economy/2022/08/11/rents-are-at-record-highs-so-why-are-private-landlords-fleeing-the-market/
- Rent caps are fueling the rental crisis – Institutional landlords group: Landlords can’t increase rents by more than 2%. https://www.newstalk.com/news/rent-caps-are-fueling-the-rental-crisis-institutional-landlords-group-1371624
- Irish vacant property levels ‘in line with functioning housing market’, report finds: Department of Finance study finds vacancy is ‘predominantly short term’ and mainly due to ‘refurbishment’ https://www.irishtimes.com/business/2022/08/10/irish-vacant-property-rates-are-low-report-finds/
- Calls for action on vacant housing with just 716 homes for rent across the country https://www.irishexaminer.com/news/arid-40936727.html
- Any vacancy tax should be applied nationwide – TSG https://www.rte.ie/news/business/2022/0810/1315001-tax-strategy-group-property/
- Explainer: What rights do tenants have against eviction in Ireland? The number of evictions this year has increased significantly, according to the Residential Tenancies Board. https://www.thejournal.ie/explainer-tenants-rights-5836240-Aug2022/
- “The rents are sky high because the government are taking half of it. That is why everybody is getting out. Renting property now is a pure waste of time…” https://www.independent.ie/regionals/wexford/news/wexford-property-crisis-who-in-their-right-mind-would-buy-a-house-in-wexford-41896449.html
- Rental wreck: The accommodation crisis in Limerick and Clare: James Griffin saw his move home to live with his father last Christmas as a stop-gap measure, securing a rental property in either Limerick or Clare turned out to be just a pipe dream, https://www.irishexaminer.com/news/spotlight/arid-40934717.html
- Rental wreck: The accommodation nightmare in Ireland’s towns — Tralee https://www.irishexaminer.com/news/spotlight/arid-40933265.html https://www.irishexaminer.com/news/spotlight/arid-40933265.html
- Rental wreck: The accommodation crisis in Munster’s towns: Clonmel and Ballincollig have big employers and young populations working for them. But another thing they have in common, is nowhere for those workers to live https://www.irishexaminer.com/news/spotlight/arid-40936397.html
- Students left without accommodation as landlords switch to long-term rentals https://www.breakingnews.ie/ireland/students-left-without-accommodation-as-landlords-switch-to-long-term-rentals-1347244.html
- Students due to stay at Tralee accommodation complex told their places no longer available https://www.radiokerry.ie/news/students-due-to-stay-at-tralee-accommodation-complex-told-their-places-no-longer-available-292503
- Vacant home officers not recruited in 13 local authorities by Government deadline: Posts considered vital to Coalition plan of housing huge numbers of refugees and asylum seekers arriving in State https://www.irishtimes.com/ireland/housing-planning/2022/08/09/vacant-home-officers-not-recruited-in-13-local-authorities-by-government-deadline/
- Retrofit numbers hit the roof as grant claims rise https://www.thetimes.co.uk/article/retrofit-numbers-hit-the-roof-as-grant-claims-rise-fclwj8gdx
- New properties on the market in Dublin, Co Donegal, Co Kilkenny, Co Mayo and Co Meath- Grainne Rothery’s pick of the properties available to buy in Ireland this week https://www.thetimes.co.uk/article/new-properties-on-the-market-in-dublin-co-donegal-co-kilkenny-co-mayo-and-co-meath-h67czhp8b
- Revealed: The counties seeing sales of million-euro homes explode in first half of year: War, spiralling fuel prices and fears of a recession fail to put the brakes on sales of €1m-plus homes https://m.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/revealed-the-counties-seeing-sales-of-million-euro-homes-explode-in-first-half-of-year-41895824.html
- The cheapest ‘walk-in’ condition house you can buy in every county in Ireland right now: We have gone searching to find you the cheapest “walk in” homes in every county in Ireland, and the results were surprising https://www.irishmirror.ie/lifestyle/homes-and-property/cheapest-walk-in-condition-house-27690952
- Four multi-million euro properties sold in Kerry over past year https://www.radiokerry.ie/news/four-multi-million-euro-properties-sold-in-kerry-over-past-year-292506
- How to choose heating and energy systems to fit tiny homes: If you’re planning to build or renovate and space is tight, Home of the Year 2021 winner Jennifer Sheahan has advice to offer https://www.irishexaminer.com/property/homeandgardens/arid-40936769.html
- 2-bed country cottage is ‘exceptional’ value at €65,000 https://thatsfarming.com/farming-news/cottage-for-sale-in-ireland/
- Russell Crowe moves into Matt Damon’s former home in Dalkey: Crowe and his partner Britney Theriot are paying €15,000-a-week to stay in the magnificent mansion https://www.dublinlive.ie/news/celebs/russell-crowe-moves-matt-damons-24710905.amp
- This traditional Irish cottage tucked away in Cashel, Co. Galway is on the market for €250,000 https://www.image.ie/living/this-traditional-irish-cottage-tucked-away-in-cashel-co-galway-is-on-the-market-for-e250000-519520/amp
- Five celebrities who have made Ireland their second home: From award-winning actors and models — Ireland is much-loved among A-listers and many now call it their home away from home https://www.irishexaminer.com/lifestyle/people/arid-40937927.html
- Inner spaces: A new Irish business is making it easier to upcycle your furniture: Ellen Ryall, co-founder of ReFunk Upcycling on how a college project has led to a sustainably-minded interiors business https://www.businesspost.ie/article/inner-spaces-a-new-irish-business-is-making-it-easier-to-upcycle-your-furniture/
COMMERCIAL PROPERTY NEWS
- Office Buildings On the Verge of a Midlife Crisis – Office construction boomed in the 1980s. Now those properties face existential threats. https://commercialobserver.com/2022/08/office-buildings-redevelopment-lifespan/
- TikTok opts out of planned Dublin docklands office deal: Social media company had agreed heads of terms to rent 16,443 sq m Marlet Property Group’s Shipping Office scheme https://www.irishtimes.com/business/2022/08/11/tiktok-opts-out-of-planned-dublin-docklands-office-deal/
- Chatham and King development in Dublin 2 now fully leased: The last space at the commercial and residential scheme next to Grafton Street, the 9,000 square feet basement, has been leased https://www.businesspost.ie/news/chatham-and-king-development-in-dublin-2-now-fully-leased/
- Hotel sector H1 Insights & H2 Outlook 2022: Hotels in Ireland are reporting sharp demand but inflationary pressures could eat into profit margins https://www.thinkbusiness.ie/articles/hotel-sector-h1-insights-h2-outlook-2022/
- Bain Capital, an American private equity fund, has sold a 340-unit Staycity aparthotel in Dublin city centre to Song Capital Partners, a UK and European investment firm, for €100 million. https://www.thetimes.co.uk/article/dublin-staycity-aparthotel-built-for-and-sold-to-a-song-5ljllvj0f
- Penneys to open new Dublin store next month – The opening will mark the retailer’s 37th Irish location and offer 43,400 sq ft of space, including a nail salon https://www.irishexaminer.com/business/companies/arid-40935752.html
- Former Debenhams buildings in Dublin and Cork go on sale for €75m: Receivers Grant Thornton were appointed by Bank of Ireland earlier this year to oversee the sale of the properties https://www.irishtimes.com/property/commercial-property/2022/08/10/former-debenhams-buildings-in-dublin-and-cork-go-on-sale-for-75m/
- Plans lodged for extension to Leenane Hotel in Connemara https://galwaybayfm.ie/galway-bay-fm-news-desk/plans-lodged-for-extension-to-leenane-hotel-in-connemara/
- Long standing pub in Offaly with shop and apartment included is now up for sale https://www.offalyexpress.ie/news/home/884769/property-long-standing-pub-in-offaly-with-shop-and-apartment-included-is-now-up-for-sale.html
- JYSK in time for Christmas! Popular Danish store to create 20 jobs in Letterkenny: Scandinavian retail giant due to open in November https://www.donegallive.ie/news/business/880326/jysk-in-time.html
INTERNATIONAL PROPERTY NEWS
- UK: Fall through rates stabilise despite lengthening time to buy property https://propertyindustryeye.com/fall-through-rates-stabilise-despite-lengthening-time-to-buy-property/
- Dezeen Awards 2022 interiors longlist revealed https://www.dezeen.com/2022/08/09/dezeen-awards-2022-interiors-longlist/
- Want to know if US is in a recession? You’re asking the wrong question: America is simply too big for generalizations. The right question is whether your industry is in recession https://amp.theguardian.com/business/2022/aug/07/is-us-in-recession-industries
- Mass-timber structure in Chicago to be “tallest timber-made building” in the city since Great Fire https://www.dezeen.com/2022/08/10/hpa-southport-avenue-mass-timber-chicago/
- How Tall Can We Build? Construction Materials and Methods for Skyscrapers of the Future https://www.archdaily.com/986712/how-tall-can-we-build-construction-materials-and-methods-for-skyscrapers-of-the-future
- Marilyn Monroe’s houses – tour the impressive property portfolio: From West Hollywood to New York City – this is a glimpse into the iconic stars’ homes 60 years after her death https://www.homesandgardens.com/house-design/marilyn-monroes-houses
- Australia has been crying out for a national housing plan, and new council is a big step towards having one https://theconversation.com/australia-has-been-crying-out-for-a-national-housing-plan-and-new-council-is-a-big-step-towards-having-one-188365
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/