Weekly Irish property market news and insights – for the industry, by the industry  

 

 

Calling all Irish construction SMEs, please sign up with the Government-appointed CSG Innovation & Digital Adoption body, which will be resourcing firms to identify and overcome challenges to critical digitization. Link here: http://eepurl.com/hDFYfL 

 

Before we get stuck into the general property news of the week, below are the local and international stories that might be of particular interest: 

 

• The housing crisis creeps into the countryside: A new report has shown that fewer than 800 properties are available to rent outside Dublin, but an investigation by the Business Post has found many more short-term lets are on offer  https://www.businesspost.ie/houses/the-big-squeeze-the-housing-crisis-creeps-into-the-countryside-e969a961

 

• Homeless campaigner Anthony Flynn found dead: Dublin City Councillor founded charity Inner City Helping Homeless https://www.irishtimes.com/news/social-affairs/homeless-campaigner-anthony-flynn-found-dead-1.4650400?mode=amp

 

• Ramping up supply will not resolve Ireland’s housing crisis: Building 35,000 or 50,000 homes a year not likely to make purchases more affordable  https://www.irishtimes.com/business/economy/ramping-up-supply-will-not-resolve-ireland-s-housing-crisis-1.4647465?mode=amp

 

• Political unrest is growing within all Coalition parties over the ongoing delay of the Housing Minister to produce a comprehensive housing policy.  https://extra.ie/2021/08/16/news/irish-news/minister-darragh-obrien-housing-unrest/amp

 

• Economic planning that fails to factor in climate costs is pointless  https://m.independent.ie/business/irish/economic-planningthat-fails-to-factorin-climate-costs-ispointless-40772483.html

 

• Berlin To Hold A Radical Housing Referendum – Could Ireland Do The Same?  https://www.newstalk.com/podcasts/taking-stock/berlin-to-hold-a-radical-housing-referendum-could-ireland-do-the-same

 

• More land under control of State companies is earmarked for homes: Housing for All plan’s inclusion of CIÉ and ESB sites risks semi-State pushback https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/news/social-affairs/more-land-under-control-of-state-companies-is-earmarked-for-homes-1.4650477?mode=amp

 

• Dublin Fire Brigade Not Equipped or Trained to Deal with Fires in High-Rises, says Firefighter  https://www.dublininquirer.com/2021/08/04/dublin-fire-brigade-not-equipped-or-trained-to-deal-with-fires-in-high-rises-says-firefighter

 

• Avoiding gridlock on electricity network key to unlocking Ireland’s low-carbon future: Current power grid is not fit for purpose and EirGrid infrastructure shortfall will stymie delivery https://www.irishtimes.com/business/energy-and-resources/avoiding-gridlock-on-electricity-network-key-to-unlocking-ireland-s-low-carbon-future-1.4647665

 

• What’s the Difference Between Carpentry and Joinery?  https://www.archdaily.com/966285/whats-the-difference-between-carpentry-and-joinery

 

• Roesia de Verdun: Ireland’s only female castle builder: The 13th-century noblewoman built an impressive fortress in Castleroche, Co Louth, and then supposedly pushed the master mason out of the window so that he wouldn’t replicate the building’s design https://www.irishexaminer.com/opinion/columnists/arid-40361537.html?type=amp

 

• 300-year-old Cork warehouse that survived the Black and Tans comes back to life: This remarkable relic of Cork’s mercantile history has been brought back from the brink  https://www.corkbeo.ie/news/history/300-year-old-cork-warehouse-21359769

 

• New exhibition recreates Dublin’s worst rental properties https://www.irishtimes.com/culture/art-and-design/new-exhibition-recreates-dublin-s-worst-rental-properties-1.4652198

 

• 7 Stunning Hotels in Ireland to Visit  https://www.architecturaldigest.com/story/7-stunning-hotels-in-ireland-to-visit/amp

 

 

 

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.

 

 

 

 

 

 

 

*Listen back to all shows at: https://ipropertyradio.com/property-matters/

 

Email the Property Matters team at info@propertydistrict.ie  to be included in our new season, kicking off on Tuesday, August 31st 2021

  

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

• Judicial reviews of housing schemes add at least €8,000 to €12,000 to the cost of new homes, the Society of Chartered Surveyors Ireland (SCSI) has warned the Government.  https://m.independent.ie/business/legal-challenges-to-schemes-adding-12k-to-house-prices-40770911.html

 

• Warning over threat to remote work from firms pushing for office return: Some companies have signalled their support for remote working, yet others want staff back in the office – prompting concern among some in rural Ireland https://www.businesspost.ie/companies/warning-over-threat-to-remote-work-from-firms-pushing-for-office-return-d6c329fb

 

• Council purchase of Seán O’Casey’s last Dublin home stalls: Dispute among owners understood to have halted sale of playwrights house to Dublin City Council https://www.irishtimes.com/culture/heritage/council-purchase-of-se%C3%A1n-o-casey-s-last-dublin-home-stalls-1.4648611

 

• The beautiful romantic stories of Temple Bar’s Love Lane: Previously known as Crampton Court, the area got the transformation of a lifetime when the ‘Love the Lanes’ initiative was taken on by Dublin City Council https://www.dublinlive.ie/news/dublin-news/beautiful-romantic-stories-temple-bars-21284321

 

• Massive €5.8m repairs on historic Four Courts Dome move towards final phase: The dome has been part of Dublin’s skyline for over 90 years https://www.dublinlive.ie/news/dublin-news/four-courts-dome-repair-work-21320506

 

• Drumcondra residents oppose build-to-rent scheme: Over 1,600 rental-only apartments will mean ‘return to absentee landlordism’ – campaign  https://www.irishtimes.com/news/environment/drumcondra-residents-oppose-build-to-rent-scheme-1.4649597?mode=amp

 

• Residents object to plan to lease Cabinteely apartments for social housing: Locals claim lease agreement will bring social housing up to 41 per cent of estate  https://www.irishtimes.com/life-and-style/homes-and-property/residents-object-to-plan-to-lease-cabinteely-apartments-for-social-housing-1.4652218?mode=amp

 

• Regeneration of Cork’s MacCurtain St could start before the end of the year: A range of works are planned to revamp MacCurtain St, including the introduction of a two-way traffic flow system and a reduced speed limit  https://www.irishexaminer.com/news/munster/arid-40362785.html

 

• Cork city’s controversial ‘robot trees’ targeted by protestors: The five CityTree devices have cost taxpayers some €350,000. Annual maintenance costs are expected to reach an estimated €2,000.  https://www.irishexaminer.com/news/munster/arid-40361366.html

 

• Green light for new bridge across river Corrib in Galway city: Pedestrian and cycle span will run parallel to Salmon Weir Bridge and extend 85m in length  https://www.irishtimes.com/news/ireland/irish-news/green-light-for-new-bridge-across-river-corrib-in-galway-city-1.4650226?mode=amp

 

• Ireland’s empty towns: Car dependency has hollowed out Limerick’s urban areas  https://www.irishexaminer.com/news/spotlight/arid-40358957.html?type=amp

 

• Find out about the history of placenames in Waterford through a new website  https://www.wlrfm.com/news/find-out-about-the-history-of-placenames-in-waterford-through-a-new-website-204050

 

• Permission granted for huge array of new building works and upgrades at Kilkenny Castle  https://www.kilkennypeople.ie/news/kilkenny-news/656947/permission-granted-for-huge-array-of-new-building-works-and-upgrades-at-kilkenny-castle.html

 

• Islands of Ireland: The Westmeath island of a Viking king – Turgesius was a Viking king who laid waste to many churches in the north Midlands  https://www.irishexaminer.com/property/homeandoutdoors/arid-40360226.html?type=amp

 

• Residents vow to fight Drumbiggle development “tooth and nail” https://clarechampion.ie/residents-vow-to-fight-drumbiggle-development/

 

• No record or map for most public rights of way, watchdog finds  https://www.irishexaminer.com/news/arid-40360541.html

 

 

*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

 

• Prices for construction materials set to remain high, according to BHP: One of the world’s largest mining companies says it expects no dip in global prices for key commodities such as copper and steel over the coming year https://www.businesspost.ie/construction/prices-for-construction-materials-set-to-remain-high-according-to-bhp-357767da

 

• Construction firms could go under if pay claim agreed: The Construction Industry Federation said the survival of many building firms could be threatened if the industry did not face a number of serious challenges properly  https://m.independent.ie/business/irish/construction-firms-could-go-under-if-pay-claim-agreed-40754264.html

 

• Supply chains lengthen ahead of expected rise in Brexit red tape: Almost 40% of Irish firms reporting longer lead times, Grant Thornton study finds  https://www.irishtimes.com/business/economy/supply-chains-lengthen-ahead-of-expected-rise-in-brexit-red-tape-1.4647672

 

• Are the trades still ‘jobs for the boys’? Women are making strides in traditionally male-dominated careers but they need encouragement and support at a much earlier age to get a foot in the door  https://www-irishexaminer-com.cdn.ampproject.org/c/s/www.irishexaminer.com/lifestyle/healthandwellbeing/arid-40360370.html?type=amp

 

• OEM Apprenticeships offer exciting new opportunities to apprentices and employers  https://www.limerickleader.ie/news/sponsored-content/657912/oem-apprenticeships-offer-exciting-new-opportunities-to-apprentices-and-employers.html

 

• ‘The growth of data centres in Ireland, and the consequent increased demand on the national grid, has been unprecedented in recent years. In the last four years alone, the increase in demand has been equivalent to the addition of 140,000 homes each year’ https://m.independent.ie/regionals/wicklow/news/need-to-stop-data-centres-being-built-40757557.html

 

• Eirgrid to seek bids from firms to build new power plants by 2025: Deadline is believed to be tight, particularly if planning objections materialise https://www.irishtimes.com/business/energy-and-resources/eirgrid-to-seek-bids-from-firms-to-build-new-power-plants-by-2025-1.4649570

 

• Land agency to get €300m more to build houses  https://www.thetimes.co.uk/article/land-agency-to-get-300m-more-to-build-houses-d9v0k5659

 

• Clancourt tells council it needs extra height at its Dublin scheme to attract FDI: Developer cites research showing more space per worker is necessary in bid to add two storeys to planned office space in Dublin 2 https://www.businesspost.ie/Planning/clancourt-tells-council-it-needs-extra-height-at-its-dublin-scheme-to-attract-fdi-ea6f9d2a

 

• Beacon Hospital plans €75m extension on site of hotel https://www.breakingnews.ie/business/beacon-hospital-plans-e75m-extension-on-site-of-hotel-1173907.html

 

• Appeal launched against approved development near Georgian Henrietta Street: A local councillor and a resident branded the plan as ‘an affront to one’s senses’ and ‘insensitive and brash’ https://www.businesspost.ie/residential/appeal-launched-against-approved-development-near-georgian-henrietta-street-fd033e0e

 

• Green light for 260 apartments at Belmayne in north Dublin: Developer proposes selling 26 social housing units to council for €7m – three-bed for €336,317 https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/economy/green-light-for-260-apartments-at-belmayne-in-north-dublin-1.4651281?mode=amp

 

• Developer plans to sell 122 Baldoyle social housing units for €46.4m: Three-bed apartments to cost Fingal council €554,842, with two-beds priced at €427,887  https://www.irishtimes.com/business/economy/developer-plans-to-sell-122-baldoyle-social-housing-units-for-46-4m-1.4649498?mode=amp

 

• ‘Sub-standard’ bicycle parking stymies €144m Sandyford apartment scheme: An Bord Pleanála refuses permission for a 17-storey 428-unit build-to-rent scheme  https://www.irishtimes.com/business/construction/sub-standard-bicycle-parking-stymies-144m-sandyford-apartment-scheme-1.4648576

 

• Construction of a number of solar plants gets underway in Leinster  https://www.agriland.ie/farming-news/construction-of-a-number-of-solar-plants-gets-underway-in-leinster/

 

• Planning decision due this week on student apartment development in Cork city https://www.echolive.ie/corknews/arid-40360607.html

 

• No ‘Kildare Village’- style scheme in Cork, planning regulator warns: Since plans first surfaced for the outlet centre, Cork city and town-based retailers have railed against its inclusion in a draft development plan https://www.businesspost.ie/retail/no-kildare-village-style-scheme-in-cork-planning-regulator-warns-e374c5f2

 

• CA Ventures and Harrison Street have announced the launch of a new Irish Joint Venture and the closing of a transaction that will bring a 623-bed purpose-built student accommodation (“PBSA”) community to Cork, Ireland. The property will be managed by CA’s in-house PBSA management company, Novel Student, upon completion of the project, which is slated for the beginning of the 2023/2024 academic year. https://www.propertywire.com/news/new-student-accommodation-in-cork-ireland/

 

• Plans afoot for almost 30 new houses in Douglas  https://www.echolive.ie/corknews/arid-40361414.html

 

• Vast high-rise development for Galway appealed by An Taisce: Coastal city ‘not Monte Carlo’ says watchdog of 21-storey tower to overlook ‘storage tanks’ https://www.irishtimes.com/news/environment/vast-high-rise-development-for-galway-appealed-by-an-taisce-1.4647556?mode=amp

 

• Fresh attempt to build homes on former golf course  https://connachttribune.ie/fresh-attempt-to-build-homes-on-former-golf-course/

 

• Plans to demolish Tuam bar & nightclub for apartment building  https://www.galwaydaily.com/news/plans-to-demolish-tuam-bar-nightclub-for-apartment-building/

 

• Planning expected to be sought for new Limerick housing estate https://www.limerickleader.ie/news/home/656314/planning-expected-to-be-sought-for-new-limerick-housing-estate.html

 

• Life’s a beach! Significant interest as land along Limerick’s riviera comes to market  https://www.limerickleader.ie/news/home/656327/life-s-a-beach-significant-interest-as-land-along-limerick-s-riviera-comes-to-market.html

 

• Green light for major housing development in Limerick  https://www.limerickleader.ie/news/planning/657358/green-light-for-major-housing-development-in-limerick.html

 

• Enniskerry development of 165 homes gets go-ahead: Despite objections from Church of Ireland and locals, Cairn Homes to proceed with plan  https://www.irishtimes.com/business/construction/enniskerry-development-of-165-homes-gets-go-ahead-1.4648704?mode=amp

 

• 200 homes planned for a large site beside the Southgate Shopping Centre and Grange Rath on the Dublin Road. Rockmill Ltd, intends to apply to An Bord Pleanála… https://www.independent.ie/regionals/louth/news/200-new-homes-planned-for-the-dublin-road-40759624.html

 

• A GRANT of permission for 46 houses in Westport has been appealed to An Bord Pleanála  https://www.con-telegraph.ie/2021/08/15/appeal-launched-against-west-mayo-housing-proposal/

 

• Cash and carry to be knocked for an independent living facility for the elderly  https://www.dundalkdemocrat.ie/news/news/657326/cash-and-carry-to-be-knocked-for-an-independent-living-facility-for-the-elderly.html

 

• Mulryan’s Ballymore seeks meeting with Labour MP over ‘profiteering’ criticism: Former Shadow Chancellor John McDonnell has repeatedly criticised the building firm in the House of Commons with regards to Britain’s flammable cladding scandal https://www.businesspost.ie/business/mulryans-ballymore-seeks-meeting-with-labour-mp-over-profiteering-criticism-d24d1b11

 

• Irish contractor CField has started on site at a 10-storey hotel in Shoreditch, east London. The €88m (£75m)-turnover firm is delivering the 149-room hotel on Paul Street for Dublin-based Dalata Hotel Group under its Maldron Hotel brand  https://www.constructionnews.co.uk/buildings/irish-contractor-lands-london-hotel-job-18-08-2021/

 

• Dublin Providers profit climbs 30% despite pandemic uncertainty: Builders’ merchant chain’s pre-tax profits rose to €3m in 2020 from €2.3m the year before https://www.irishtimes.com/business/construction/dublin-providers-profit-climbs-30-despite-pandemic-uncertainty-1.4650404

 

• Kingspan Group 1H Boosted by High Demand, Construction-Sector Recovery  https://www.marketwatch.com/amp/story/kingspan-group-1h-boosted-by-high-demand-construction-sector-recovery-271629445565

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

• Proptech Ireland is updating the database of 2021 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 * 

 

• The State does not need to do more of the same to support startups, it needs to view and provide ‘support’ differently:  ‘Dublin is among the best in Europe but with support it could be first among equals’ https://www.irishtimes.com/business/technology/dublin-is-top-for-tech-but-state-needs-to-do-more-to-back-start-ups-1.4652174

 

• MIPIM – Check out the latest on Sustainability, Cybersecurity, and BCorps on the Propel by MIPIM blog here: http://ow.ly/ZtYr50FSHDN Featuring: Angelica Krystle Donati – CEO of Donati Immobiliare Group; Carol Tallon – CEO at Property District Ireland; Susan Freeman – Partner at Mishcon de Reya LLP

 

• Irish mechanical trees company raises €900,000 investment: Carbon Collect makes devices which absorb more than 1,000 times more C02 than real trees  https://www.businesspost.ie/climate-environment/irish-mechanical-trees-company-raises-eur900000-investment-49859039

 

• Building on the successes of past events, the 5th #BIM Gathering virtual conference “Construction Innovations for Future Generations” will be hosted virtually on 21-23 September https://bimireland.ie/2021/08/18/secure-tickets-now-for-the-2021-cita-gathering/

 

• Proptech Changing the Face of Real Estate: The following areas are seeing extensive adoption in the real estate space: Data analytics (63%), space and use design (57%), health and/or wellness (56%), property management (51%), climate risk and mitigation (43%), project management (43%), construction (39%), leasing/tenant transactions and relations (37%), transaction management (35%), portfolio management (30%) and raising capital (30%). https://rismedia.com/2021/08/14/proptech-changing-face-real-estate/

 

• PropTech Today – how can tech deliver a better sales process for all? https://www.estateagenttoday.co.uk/breaking-news/2021/8/proptech-today–how-can-technology-deliver-a-better-sales-process-for-all?source=newsticker

 

• UK contech startups reinventing construction with productivity revolution  https://www.uktech.news/news/uk-contech-startups-reinventing-industry-20210812

 

• How Proptech Can Modernize Office Buildings For The Future Of Work https://www.forbes.com/sites/forbesrealestatecouncil/2021/08/17/how-proptech-can-modernize-office-buildings-for-the-future-of-work/

 

• Live and work across 15 cities with this PropTech pass  https://businesscloud.co.uk/live-and-work-across-15-cities-with-this-proptech-pass/

 

• Launch House raises millions to launch houses (and the next big startups): Hacker homes aren’t just back, they’re venture backed  https://techcrunch.com/2021/08/19/launch-house-raises-millions-to-launch-houses-and-the-next-big-startups/

 

• Edozo, London proptech bags £2M to fuel growth and more – UKTN (UK Tech News) https://www.uktech.news/news/london-proptech-startup-edozo-funding-20210818

 

• UK PropTech FSI has been acquired by US firm MRI Software https://businesscloud.co.uk/uk-proptech-snapped-up-by-us-counterpart/

 

• Are your current proptech tools permanent? Three ways to evaluate  https://yieldpro.com/2021/08/are-your-current-proptech-tools-permanent-three-ways-to-evaluate/

 

• How Estonia Became a Leader in Proptech: The tiny Baltic nation punches well above its weight with a comprehensive, encrypted land registry and topnotch cybersecurity born out of Russian hacking https://commercialobserver.com/2021/08/how-estonia-became-a-leader-in-proptech/

 

• New Opportunities: Building A Better Construction Industry With Technology  https://www.forbes.com/sites/forbestechcouncil/2021/08/19/new-opportunities-building-a-better-construction-industry-with-technology/amp/

 

• How to Improve Mental Health Awareness and Safety in Construction With Technology  https://www.forconstructionpros.com/business/construction-safety/article/21615204/how-to-improve-mental-health-awareness-and-safety-in-construction-with-technology

 

• Watch: Why embracing technology is key to decarbonising the road network  https://www.newcivilengineer.com/latest/watch-why-embracing-technology-is-key-to-decarbonising-the-road-network-21-08-2021/

 

• Digital twin models energy profile of every US building  https://gcn.com/articles/2021/08/17/autobem-digital-twin-energy-modeling.aspx?m=1

 

• Proptech Firm Wynd Raises $10M To Expand Air Quality Tools To Commercial Buildings https://www.bisnow.com/national/news/technology/proptech-firm-wynd-raises-10m-to-expand-air-quality-tools-to-commercial-buildings-109883

 

• Diamond Age raises $8M to speed up home construction with 3D printing and robot arms  https://techcrunch.com/2021/08/19/diamond-age-raises-8m-to-speed-up-home-construction-with-3d-printing-and-robot-arms/

 

*By the way, how perfect is the following image, shared earlier this week on LinkedIn?! – Image credit to Robert Teed

 

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• Great news for first-time buyers!: ‘Grants in pipeline for first-time buyers to do up old homes’: Ministers want to tackle 180,000 vacant and derelict sites https://m.independent.ie/irish-news/news/grants-in-pipeline-for-first-time-buyersto-do-up-old-homes-40775504.html

 

• New home-buyer incentives could cause panic buying, experts warn https://www.irishexaminer.com/news/arid-40362095.html

 

• Most consumers expect house prices to keep rising for three years: KBC Bank survey suggests consumers expect upward trend to continue  https://www.irishtimes.com/business/economy/most-consumers-expect-house-prices-to-keep-rising-for-three-years-1.4650330?mode=amp

 

• “The Government’s choices are real, and the quality of life of future generations of city dwelling citizens depends on those choices…”  https://www.irishtimes.com/opinion/letters/new-thinking-needed-on-urban-housing-1.4650311?mode=amp

 

• Cost-rental scheme to be open to households earning up to €82,000: Single people as well as dual-income households to be eligible to apply under scheme  https://www.irishtimes.com/news/ireland/irish-news/cost-rental-scheme-to-be-open-to-households-earning-up-to-82-000-1.4647836?mode=amp

 

• Look to the future with a new fixed-rate mortgage: New lenders are offering lengthy loans at very low rates, but you could also save thousands by switching your existing deal https://www.thetimes.co.uk/article/look-to-the-future-with-a-new-fixed-rate-mortgage-vxbxt9jcx

 

• FLAC wants mortgage arrears cases to be resolved away from the courts  https://www.irishexaminer.com/news/arid-40361801.html

 

• The Irish Times view on the rental market: a series of policy challenges: Part of a dysfunctional property market with a worrying outlook for the Autumn https://www.irishtimes.com/opinion/editorial/the-irish-times-view-on-the-rental-market-a-series-of-policy-challenges-1.4649433?mode=amp

 

• Student accommodation: ‘It’s not what students want. And it’s extortionate’  https://www.irishtimes.com/life-and-style/homes-and-property/student-accommodation-it-s-not-what-students-want-and-it-s-extortionate-1.4650323?mode=amp

 

• ‘Backdoor’ approval of tourism accommodation at student sites criticised: Two Labour senators have said it is inappropriate for student accommodation providers to re-appropriate facilities to house tourists and business travellers https://www.businesspost.ie/houses/backdoor-approval-of-tourism-accommodation-at-student-sites-criticised-3759c7e7

 

• Examining Recent Changes Impacting Approved Housing Bodies  https://www.mondaq.com/ireland/corporate-governance/1103718/examining-recent-changes-impacting-approved-housing-bodies

 

• Government cracks down on Airbnb hosts with raft of new rules: Licences will be required for short-term lets under a Lisbon-style system, while the Residential Tenancies Board will take over the enforcement of the new rules  https://www.businesspost.ie/news/government-cracks-down-on-airbnb-hosts-with-raft-of-new-rules-6d89f4b4

 

• €10m Dublin country house features elegant Georgian design, extensive grounds  https://extra.ie/2021/08/18/property/e10m-dublin-elegant-georgian-country-house/amp

 

• House prices in Northern Ireland rise by almost 10%: Market records highest number of transactions since 2005  https://www.irishtimes.com/business/economy/house-prices-in-northern-ireland-rise-by-almost-10-1.4649292?mode=amp

 

• 70% of ‘right of way’ applications rejected due to paperwork – rural TDs https://www.agriland.ie/farming-news/70-of-right-of-way-applications-rejected-due-to-paperwork-rural-tds/

 

• Crazy money needed to top the bidding as online auctions drive up prices: House-hunters are putting in bids on Friday nights after a bottle of wine, says Ciaran Mulqueen, who has found a home after shining a light on an increasingly frenzied market https://m.independent.ie/business/personal-finance/property-mortgages/crazy-money-needed-to-top-the-bidding-as-online-auctions-drive-up-prices-40752310.html

 

• Rugby star Robbie Henshaw wins planning row with neighbour over use of garden shed as gym https://m.independent.ie/irish-news/rugby-star-robbie-henshaw-wins-planning-row-with-neighbour-over-use-of-garden-shed-as-gym-40767553.html

 

• Seán FitzPatrick, the former chairman of Anglo Irish Bank who was declared bankrupt in 2010, wants to build a second four-bedroom house on a site by his family home in Greystones, Co Wicklow.  https://www.thetimes.co.uk/article/bankrupted-anglo-irish-bank-boss-plans-new-home-development-zql6f0gkm

 

 

COMMERCIAL PROPERTY NEWS

• How The Pandemic Changed How We Underwrite Commercial Properties  https://www.propmodo.com/how-the-pandemic-changed-how-we-underwrite-commercial-properties/

 

• Dublin’s industrial and logistics sector ‘permanently altered’: Savills report says Brexit and Covid-19 have led to sweeping changes as activity falls 5% https://www.irishtimes.com/business/economy/dublin-s-industrial-and-logistics-sector-permanently-altered-1.4648511

 

• Penneys Ireland joy as old Debenhams store to be transformed in Dublin shopping centre upgrade: Penneys in The Square in Tallaght is set to open a new store an empty Debenhams store in the coming months https://www.dublinlive.ie/news/dublin-news/penneys-tallaght-dublin-shopping-debenhams-21317773

 

• Perfume Shop claims it was ‘opportunistically’ evicted from Stephen’s Green Centre: The beauty chain has launched High Court proceedings against Davy Target Developments, and is also seeking damages https://www.businesspost.ie/retail/perfume-shop-claims-it-was-opportunistically-evicted-from-stephens-green-centre-c91f735d

 

• Press Up Entertainment, the hospitality group headed by Paddy McKillen Jr, is back expanding its pubs empire with the purchase of Larry Murphy’s on Lower Baggot Street in Dublin. https://www.thetimes.co.uk/article/larry-murphys-tops-up-mckillen-portfolio-j5lgrkg22

 

• Brewery investors behind landmark pub purchase  https://www.thetimes.co.uk/article/brewery-investors-behind-landmark-pub-purchase-06jctbsp9

 

• Is the future of the Irish pub alcohol-free? A dry bar in Dublin has been such a success that its owners are exporting the idea to the Middle East – and eyeing up the US and Australia. Will it catch on?  https://www.theguardian.com/lifeandstyle/2021/aug/16/is-the-future-of-the-irish-pub-alcohol-free

 

• Arianna Huffington’s Thrive Global sets up Irish operation: Start-up to create 40 jobs with the opening of a new software engineering centre here https://www.irishtimes.com/business/technology/arianna-huffington-s-thrive-global-sets-up-irish-operation-1.4650304?mode=amp

 

• With Fraser Group securing Cork Mahon Point’s anchor unit, it’s all eyes back on city centre retail vacancy now: After the jobs-saving coup at suburban Mahon Point, Cork city now needs the breaks: agents say the next year will see an improvement https://www.irishexaminer.com/property/commercial/arid-40362119.html?type=amp

 

• Netwatch Group spies growth in pandemic’s legacy of vacant buildings: New chief executive hails ‘unlimited potential’ of proactive video monitoring on first Irish visit  https://www.irishtimes.com/business/technology/netwatch-group-spies-growth-in-pandemic-s-legacy-of-vacant-buildings-1.4647639?mode=amp

 

• Dog day care centre set to open in Limerick despite objections – Limerick Leader https://www.limerickleader.ie/news/home/657013/dog-day-care-centre-set-to-open-in-limerick-despite-objections.html

 

• Lidl given green light to demolish and rebuild bigger Portlaoise store  https://www.leinsterexpress.ie/news/news/657277/lidl-given-green-light-to-demolish-and-rebuild-bigger-portlaoise-store.html

 

• A DERELICT property on Castlebar’s Ellison Street is to be given a new lease of life. Planning has been granted for a retail unit with four overhead apartments in a ‘living over the shop’ type scheme.  https://www.con-telegraph.ie/2021/08/18/new-lease-of-life-for-derelict-property-on-mayo-street/

 

• The Range to create 80 jobs with new Tralee store: The Range is planning to open in the former Debenhams unit at Manor West Shopping Centre in the coming months.  https://www.irishexaminer.com/business/companies/arid-40362329.html

 

 

INTERNATIONAL PROPERTY NEWS

 

• English cities could be given national park status under new proposals: Government body Natural England is considering move in response to Glover report on protected landscapes https://www.theguardian.com/environment/2021/aug/21/english-cities-could-be-given-national-park-status-under-new-proposals

 

• UK house prices fall in August as demand drops for bigger homes: Property site Rightmove says market for smaller properties experiencing record highs despite overall decline https://amp.theguardian.com/business/2021/aug/16/uk-house-prices-fall-in-august-as-demand-drops-for-bigger-homes

 

• Apt has received planning consent for three towers on the edge of London’s Canary Wharf, which it says could become Europe’s largest Passivhaus development https://www.architectsjournal.co.uk/news/apt-wins-go-ahead-for-europes-largest-passivhaus-development

 

• UK construction labour costs ‘break records’ as vacancies soar https://www.constructionnews.co.uk/supply-chain/labour-costs-break-records-as-vacancies-soar-17-08-2021/

 

• Balfour plays to its strengths and pulls out of London residential market, it will no longer bid for fixed-price residential property projects in central London https://www.theconstructionindex.co.uk/news/view/balfour-plays-to-its-strengths-and-pulls-out-of-london-residential-market

 

• Liquidated modular specialist, CIMC Modular Building Systems (CIMC MBS), a UK arm of Chinese shipping firm China International Marine Containers Group, faced hotel ‘defect’ costs https://www.constructionnews.co.uk/financial/liquidated-modular-specialist-faced-hotel-defect-costs-16-08-2021/

 

• Persimmon in-house factory rides out materials shortages https://www.constructionenquirer.com/2021/08/18/persimmon-in-house-factory-helps-ride-out-material-shortages/

 

• Ventilation ‘revolution’ needed to speed up Australia’s path out of lockdown  https://amp.brisbanetimes.com.au/national/ventilation-revolution-needed-to-speed-up-australia-s-path-out-of-lockdown-20210819-p58kaq.html

 

 

 

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/