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:
- Stripe co-founder John Collison criticises Irish infrastructure planning laws: John Collison has questioned the “red tape and ecological paperwork” that “prevents housing, energy infrastructure, transit and other important works from being built”. https://m.independent.ie/business/stripe-co-founder-john-collison-criticises-irish-infrastructure-planning-laws/a1118697800.html
- Construction industry report highlights negative perceptions of insecurity and hard labour – Young people are being put off by their parents who remember the last recession when many construction workers lost their jobs, study finds https://www.irishtimes.com/ireland/education/2023/08/23/construction-industry-report-highlights-negative-perceptions-of-insecurity-and-hard-labour/
- A new documentary takes a look at a bizarre elevated Cork City highway (almost built in the 60s) https://www.yaycork.ie/a-new-documentary-takes-a-look-at-a-bizarre-elevated-cork-city-highway-almost-built-in-the-60s/
- Former minister Robert Troy, who was forced to resign over his failure to fully declare his rental properties, is seeking tax cuts of up to €14,000 for landlords in the Budget. https://m.independent.ie/irish-news/former-minister-robert-troy-who-resigned-over-failure-to-fully-declare-properties-seeking-tax-cuts-of-up-to-14000-for-landlords-in-budget-2024/a708165699.html
- Here’s an interesting one – Wrong information on defects may have stopped tenant-in-situ purchase: Family appealing Dún Laoghaire-Rathdown County Council decision to Ombudsman https://www.irishtimes.com/ireland/housing-planning/2023/08/22/wrong-information-on-defects-may-have-stopped-tenant-in-situ-purchase/
- Vacant housing issue is not just one of derelict homes, but a dereliction of duty https://m.independent.ie/opinion/letters/letters-vacant-housing-issue-is-not-just-one-of-derelict-homes-but-a-dereliction-of-duty/a1035361166.html
- International perspective- Is Ireland A Good Bet For UK Investors? https://www.landlordtoday.co.uk/agent-advice/2023/8/is-ireland-a-good-bet-for-uk-investors
- Ireland must ‘play hard’ with subsidies to still attract FDI, says IDA chief: There are fears that Ireland might not be able to compete with the massive subsidies now on offer for firms to invest in the US and various EU countries https://www.businesspost.ie/news/ireland-must-play-hard-with-subsidies-to-still-attract-fdi-says-ida-chief/
- Irish banks hit ‘sweet spot’ for investors: Ciaran Callaghan of asset manager Amundi says AIB and Bank of Ireland are ahead of mainland EU banks in performance measured on return on equity https://www.businesspost.ie/analysis-opinion/irish-banks-hit-sweet-spot-for-investors/
- Louis Copeland’s 15 things every man should have https://www-image-ie.cdn.ampproject.org/c/s/www.image.ie/style/louis-copelands-15-things-every-man-should-have-780737/amp
- Galway Beo: Newest ‘Galway Girl’ cultural experience as novel idea now a reality – They promise ceol and craic and much more https://www.galwaybeo.ie/news/galway-news/newest-galway-girl-cultural-experience-8694413.amp Also: A new tourism cruise experience will be launched in the city this coming weekend. ‘Galway Girl Cruises’ promises a fresh experience of Galway Bay, with traditional music sessions and maritime storytelling. https://galwaybayfm.ie/galway-bay-fm-news-desk/galway-girl-cruises-to-offer-fresh-tourism-experience-of-galway-bay/
*Reminder that the Property District offices in Dublin and Galway will close on Wednesdays for July and August as we let our creative talent run wild – you are welcome to join us for #WildWednesday, details here: https://propertydistrict.ie/wildwednesday-challenging-techies-to-disconnect-and-creatives-to-reconnect/
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.
Do you 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 – in June 2023, for the first time since we emerged from the pandemic lockdown, monthly ORGANIC digital impressions across Property District’s owned construction and real estate brands exceeded one million (*1,009,883*) – up from a monthly average of 765,876 in Q1! Huge thanks to all of you for your continued support!
Be sure to subscribe to the podcast and check out all of the other real estate and construction shows on https://ipropertyradio.com/shows/
This week on iPropertyRadio…
#Property Roundup
On #PropertyRoundup host Carol Tallon chats to Setanta Landers, Partner at Setanta Solicitors. Setanta joins Carol to discuss the “Locals Only” Rule and the Sustainable Rural Housing guidelines established in 2005.
This rule prioritises local residents in rural construction projects to protect rural culture and integrity. Its potentially discriminatory nature has been criticised, with the European Union highlighting legal concerns reminiscent of the 2013 ‘Flemish Decree’ case in Belgium. The Court of Justice of the European Union found such rules restrictive, potentially infringing on EU Free Movement principles. While many Irish authorities maintain the rule, efforts to reconcile it with EU Law are ongoing, indicating a complex balance between local preservation and EU standards.
Read more: https://setantasolicitors.ie/locals-only-rules-in-irish-planning-law/
*Property Roundup is sponsored by Irish Property District, your industry communications partner: https://propertydistrict.ie*
Watch/ listen back: https://ipropertyradio.com/property-matters/
#Proptech Hot Seat
*Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders.*
*Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders.*
Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/
#BreakingGround
This week on #BreakingGround host Carol Tallon talks to Stephen Barrett, Whole Life Carbon Project Lead at the Irish Green Building Council. Stephen joins us to discuss INDICATE Clinics and The Climate Action Plan (Action 198).
Contact Stephen directly to join the next INDICATE clinic on August 23rd at 12:30pm.
For more information, read Stephens article here- https://lnkd.in/e6wyBKS3
*Breaking Ground is sponsored by PLACEengage – Your Virtual Town Hall, a data-driven platform for more successful public consultation and community engagement for your next development project*
Watch back and listen back: https://ipropertyradio.com/breaking-ground/
Watch back and listen back to all shows at: https://ipropertyradio.com/shows/
Produced by Hear Me Roar Media https://hearmeroarmedia.com/
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT
- 🚴 PLACEengage – Your Virtual Town Hall is delighted to sponsor the ‘John Behan Memorial Cycle’ in An Cheathru Rua, Connemara, 16th September 2023. I know we have lots of cycling enthusiasts in the industry so details of the planned routes (110 km and 65 km) and how to get involved are on the Club Rothaíochta Chonamara page 👉https://eventmaster.ie/event/YAyDcrOFjv Bígí linn!
- Ag crúthú Luach Sóisialta Trí Comhforbairt Áite (Creating Social Value Through Placemaking) 👉https://placeengage.com/ag-cruthu-luach-soisialta-tri-comhforbairt-aite/
- Top-Down and Bottom-Up Urban Planning: A Synergetic Approach https://www.archdaily.com/1005567/top-down-and-bottom-up-urban-planning-a-synergetic-approach
- Council officials reject plans for George’s Dock swimming pool- Proposals for public lido were brought forward by campaigners after Docklands white water rafting course was voted down by councillors in 2021 https://www.businesspost.ie/article/council-officials-reject-plans-for-georges-dock-swimming-pool/
- Call for ‘urgent implementation’ of BusConnects project https://www.rte.ie/news/ireland/2023/0823/1401310-bus-connects/
- Cork County Council seeking expressions of interest for 2023 Town and Village Renewal Scheme https://m.independent.ie/regionals/cork/news/cork-county-council-seeking-expressions-of-interest-for-2023-town-and-village-renewal-scheme/a695416531.html
- Last historic lane on Cork street gated as part of student housing development – It’s understood that there will be public access to the lane in the day but that students will access their accommodation from the lane with a key fob at night https://www.irishexaminer.com/news/munster/arid-41212807.html
- Take a trip through time in Ireland’s wild West Cork – Ruggedly beautiful, natural and wild as an untamed horse, Ireland’s West Cork is the best destination for time travellers seeking to unplug from reality https://www.houseandgarden.co.uk/article/west-cork-ireland-beautiful-towns
- Galway City Council under fire for refusing to sell unused lands https://connachttribune.ie/galway-city-council-under-fire-for-refusing-to-sell-unused-lands/
- Opponents of new homeless facility in Limerick city say area is already at ‘saturation point’: Business owners and residents stress they fully support SVP’s work, but say ‘we are reaching a saturation point of social services in the Georgian Quarter’ https://www.irishexaminer.com/news/munster/arid-41209465.html
- Ukrainians living locally to move into modular homes next month https://www.northernsound.ie/news/ukrainians-living-locally-to-move-into-modular-homes-next-month-220943
- Mayo’s future lies in keeping control of its property prices https://www.con-telegraph.ie/2023/08/26/mayos-future-lies-in-keeping-control-of-its-property-prices/
- Louth community demands better services and facilities – ‘If Haggardstown was in France, there would be riots’ https://m.independent.ie/regionals/louth/dundalk-news/louth-community-demands-better-services-and-facilities-if-haggardstown-was-in-france-there-would-be-riots/a96858803.html
- Kerry town regeneration project moves forward with plans for redevelopment of historic building https://m.independent.ie/regionals/kerry/south-kerry-news/kerry-town-regeneration-project-moves-forward-with-plans-for-redevelopment-of-historic-building/a1442951810.html
CONSTRUCTION, MMC & DEVELOPMENT NEWS
- Developers plan to mount legal challenge over land tax decision – Landowners seek advice over their inclusion on residential zoning maps: Landowners will be liable to pay a 3 per cent tax on the market value of their land from February 1, 2024 – In recent weeks, the retail group Hammerson, Dublin City University and the developers Ardstone, Michael O’Flynn, the Cosgraves, the Comer brothers and Cairn have lost appeals against decisions to have their sites included on the maps, which would oblige them to pay the tax. https://www.thetimes.co.uk/article/developers-plan-to-mount-legal-challenge-over-land-tax-decision-z69n87sjm
- Tender prices for commercial construction projects rose by 2.4% during the first half of the year. That’s down from 3.7% during the second six months of 2022, according to the Society of Chartered Surveyors Ireland https://www.rte.ie/news/business/2023/0825/1401493-construction-inflation-moderates-but-remains-high/
- Office slowdown and planning bottlenecks ease construction inflation: Pharmaceutical and hi-tech industries support demand amid high interest rates https://www.irishtimes.com/business/2023/08/23/office-slowdown-and-planning-bottlenecks-ease-construction-inflation/
- O’Brien plans ‘backstop’ for developers and tax cuts for small landlords: Minister for Housing says budget measures would see state buy unsold apartments and use them for cost rental housing https://www.businesspost.ie/news/obrien-plans-backstop-for-developers-and-tax-cuts-for-small-landlords/
- Government launches action plan on construction jobs https://www.rte.ie/news/business/2023/0823/1401127-construction-jobs/
- Latest Government Measures To Reduce Cost Of Developing Housing https://www.mondaq.com/ireland/real-estate/1359132/latest-government-measures-to-reduce-cost-of-developing-housing
- Blessed are the builders! Time we gave tradespeople due recognition: We should be more encouraging towards careers in carpentry, plumbing, electrics, plastering etc https://www.echolive.ie/corkviews/arid-41209453.html
- Solar-powered construction training unit will visit schools and building sites. Laois Offaly Education and Training Board and the National Construction Training Campus at Mount Lucas have developed a Mobile Nearly Zero Emissions Building Training Unit https://www.mayonews.ie/news/national-news/1280113/new-solar-powered-mobile-construction-unit-to-tour-country.html
- Turner & Townsend will lead a team of WSP, Mace and PwC in delivering Ireland’s first metro in Dublin https://www.globalconstructionreview.com/team-picked-to-deliver-irelands-first-metro/
- Development at ‘white water rafting’ site at stalemate as council ‘in limbo’: The space had previously been earmarked for a controversial white water rafting facility. https://www.thejournal.ie/georges-dock-development-white-water-rafting-lido-dublin-docklands-dublin-city-council-6143565-Aug2023/
- Council rejects penthouse suite plan for new Dublin hotel https://www.breakingnews.ie/ireland/dublin-city-council-reject-ninth-storey-penthouse-suite-plan-for-new-dublin-hotel-1518118.html
- Row over laneway near new school comes before High Court https://www.breakingnews.ie/ireland/row-over-laneway-near-new-school-comes-before-high-court-1518636.html
- New €22m development at Cork hospital provides state-of-the-art operating theatres with plans for robotic surgery: The building contains two state-of-the-art operating theatres, one of which is a hybrid theatre. https://www.echolive.ie/corknews/arid-41209141.html
- ‘Bish’ told to go back to the drawing board on new school plans https://connachttribune.ie/bish-told-to-go-back-to-the-drawing-board-on-new-school-plans/
- Planning permission granted for new Gaelscoil campus in Athenry https://galwaybayfm.ie/galway-bay-fm-news-desk/planning-permission-granted-for-new-gaelscoil-campus-in-athenry/
- Approval for upgrade works at Clifden Station House Hotel https://connachttribune.ie/approval-for-upgrade-works-at-clifden-station-house-hotel/
- Plans to demolish existing Lidl in Gort to pave way for major expansion https://connachttribune.ie/plans-to-demolish-existing-lidl-in-gort-to-pave-way-for-major-expansion/
- It is disappointing and frustrating to see a Limerick college object to proposed expansion of student accommodation nearby https://www.irishexaminer.com/news/munster/arid-41211655.html Also – MIC objects to new accommodation as students sleep in tents https://www.limerickpost.ie/2023/08/24/mic-objects-to-new-accommodation-as-students-sleep-in-tents/
- Only three per cent of almost €6million grant spent on Guinness site https://www.limerickpost.ie/2023/08/23/only-three-per-cent-of-almost-e6million-grant-spent-on-guinness-site/
- No planning permission for state-of-the-art equestrian centre in Limerick https://www.limerickleader.ie/news/home/1279203/no-planning-permission-for-state-of-the-art-equestrian-centre-in-limerick.html
- Analog begins €630m plan to transform Limerick campus https://www.ireland-live.ie/news/limerick-live/1276993/analog-begins-630m-plan-to-transform-limerick-campus.html
- Planning granted for development at Athlone shopping centre https://www.shannonside.ie/news/planning-granted-for-development-at-athlone-shopping-centre-228669
- Respond confirms 36 new social homes under construction in Wicklow https://m.independent.ie/regionals/wicklow/wicklow-district/respond-confirms-36-new-social-homes-under-construction-in-wicklow/a1131345412.html
- Over 50 new homes coming to Sallins Road in Naas https://www.kildarenow.com/news/home/1277206/kildare-over-50-new-homes-coming-to-sallins-road-in-naas.html
- Planning permission sought for the construction of new hotel in Carlow https://www.carlowlive.ie/news/home/1278136/planning-permission-sought-for-the-construction-of-new-hotel-in-carlow.html
- Derelict sites up for sale in unfinished Laois estate https://www.leinsterexpress.ie/news/property/1277330/derelict-sites-up-for-sale-in-unfinished-laois-estate.html?utm_source=newsshowcase
- New homes planned on ‘bane of our lives’ Portlaoise vacant site https://www.leinsterexpress.ie/news/property/1275780/new-homes-planned-on-bane-of-our-lives-portlaoise-vacant-site.html
- Lidl apply for extension of time for development in Tullamore https://www.ireland-live.ie/news/offaly-live/1277504/lidl-apply-for-extension-of-time-for-development-in-tullamore.html
- Major four-storey office block in Tullamore gets green light https://www.offalyindependent.ie/2023/08/25/major-four-storey-office-block-in-tullamore-gets-green-light/
- Plans submitted for major housing development in Roscommon Town https://www.shannonside.ie/news/plans-submitted-for-major-housing-development-in-roscommon-town-228445
- Drumkeen NS submit plans for new floodlight sports facility: Planning documents have been submitted to Donegal County Council, who are expected to make a decision on the application by mid-October https://www.donegallive.ie/news/finn-valley/1277610/drumkeen-ns-submit-plans-for-new-floodlight-sports-facility.html
- Planning lodged for new residential development in Longford https://www.shannonside.ie/news/planning-lodged-for-new-residential-development-in-longford-228428
- CRH boss Albert Manifold revealed as third highest paid chief executive on FTSE 100: Irish businessman Bernard Looney, who leads oil company BP, was fourth in the ranking, receiving a £5.57m pay rise last year https://m.independent.ie/business/irish/crh-boss-albert-manifold-revealed-as-third-highest-paid-chief-executive-on-ftse-100/a1772684606.html
- Shareholders to get a smaller slice as CRH chases growth: Building materials giant reaping benefits of Biden’s $1 trillion Inflation Reduction Act but plans to spend cash on opportunities in US and Europe https://www.businesspost.ie/article/shareholders-to-get-a-smaller-slice-as-crh-chases-growth/
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
- The building site of the future… from design and production, right through to site management 5G, BIM, big data, automation, artificial intelligence, drones, offsite construction, green, VR, AR, XR… what are we missing? 🔗 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
- Majority of homeowners think digitisation would improve buying process: Thirdfort’s Olly Thornton-Berry says digitisation could alleviate the admin burden around home buying and prevent chains falling through. https://thenegotiator.co.uk/majority-of-homeowners-think-digitisation-would-improve-buying-process/
- Boxcore: Dublin-based business helping to instil safety-first approach in construction sector with its app https://www.businesspost.ie/tech/start-up-of-the-month-boxcore/
- Proptech amongst top 3 business opportunities of the next decade – The biggest business opportunities in the coming years lie within these three industries https://www.entrepreneur.com/growing-a-business/the-top-3-business-opportunities-of-the-next-decade/457699
- 10 Opportunities For Automation In Property Management – what others can you identify? https://www.forbes.com/sites/forbesbusinesscouncil/2023/08/24/10-opportunities-for-automation-in-property-management/
- Alto has launched a new Partner Hub for proptech firms: Zoopla-backed brand said proptech firms will be able to access API documentation, Alto’s test environment and start building their integration in the matter of minutes using the hub https://www.estateagenttoday.co.uk/breaking-news/2023/8/zoopla-backed-alto-launches-proptech-partner-hub
- Proptech market expected to grow significantly over next decade https://connectedremag.com/uncategorized/proptech-market-expected-to-grow-significantly-over-next-decade/
- Proptech: the new disruptor in real estate: Cutting-edge technology is set to transform the property industry https://www.fdiintelligence.com/content/partner-content/proptech-the-new-disruptor-in-real-estate-82869
- Client accounts demystified: lettings proptech essentials – The Letting Partnership will look at the pro’s and cons of Proptech, what’s available, and its crucial role in ensuring accurate client money accounting https://www.propertymark.co.uk/careers-learning/events-calendar/client-accounts-demystified-lettings-proptech-essentials.html
- Net Zero – Lettings PropTech firm to provide energy efficiency data https://www.lettingagenttoday.co.uk/breaking-news/2023/8/net-zero–lettings-proptech-firm-to-provide-energy-efficiency-data
- Contech Startup TrueBuilt Closes $4M Seed Round: Proptech company focusing on pre-construction software for commercial builders https://commercialobserver.com/2023/08/contech-truebuilt-seed-round/
- WeWork and the Challenge of Labeling CRE Companies as Tech – WeWork tried to ride a tech wave of financial love. It hasn’t worked. What does this mean for other proptech firms? https://www.globest.com/2023/08/21/wework-and-the-challenge-of-labeling-cre-companies-as-tech/
- New York’s Metaprop Joins $4.5 Million Seed Round for Pest Share | citybiz https://www.citybiz.co/article/459127/new-yorks-metaprop-joins-4-5-million-seed-round-for-pest-share/
ENERGY, CLIMATE & ENVIRONMENT
- What’s stopping Ireland becoming a laboratory for green innovation?https://www.irishexaminer.com/opinion/columnists/arid-41209198.html?gaa_at=la
- ‘Full construction’ starts on emergency Offaly power plant: The Government is developing facilities to address potential electricity supply deficits over the coming winters https://m.independent.ie/business/irish/full-construction-starts-on-emergency-offaly-power-plant/a2061117778.html
- Past and future clash as solar farm stalled due to presence of ringfort: Department of Heritage lodged objection to 75MW farm planned near village of Creggs, to allow for protection of archaeological site https://www.businesspost.ie/news/past-and-future-clash-as-solar-farm-stalled-due-to-presence-of-ringfort/
- Development of offshore wind sector could save consumers ‘hundreds of millions’: Earlier this year, four projects made successful bids in the first offshore energy support auction, with plans of delivering over 3,000 megawatts of clean, renewable energy https://www.businesspost.ie/article/development-of-offshore-wind-sector-could-save-consumers-hundreds-of-millions-of-euro/
RESIDENTIAL PROPERTY NEWS (including PRS)
- A house divided: politicians and officials split over tax breaks for landlords – The Minister for Housing say tax cuts for owners of rental properties are necessary to keep them in the market, but he faces opposition
- https://www.businesspost.ie/politics/a-house-divided-politicians-and-officials-split-over-tax-breaks-for-landlords/
- Increase in mortgage approvals for first-time buyers despite market slowdown: July saw a 22pc rise in the number of new buyers borrowing compared with last year https://m.independent.ie/business/personal-finance/increase-in-mortgage-approvals-for-first-time-buyers-despite-market-slowdown/a903446713.html
- Housing body on track to triple number of social and cost-rental homes under construction: Respond says model of buying sites and entering contracts with developers allows for cost savings and increased output https://www.irishtimes.com/ireland/housing-planning/2023/08/22/housing-body-on-track-to-triple-number-of-social-and-cost-rental-homes-under-construction/
- Restored Georgian townhouse splendour on Mountjoy Square for €1.8m: Layout has been optimised to accommodate modern living with a one-bed apartment on the ground floor https://www.irishtimes.com/property/residential/2023/08/24/revamped-mountjoy-square-townhouse-with-echoes-of-georgian-grandeur-for-18m/
- Limerick Chamber finds home buyers squeezed out by state: Analysis by group showed only four out of ten new homes built in city were acquired by owner-occupiers last year https://www.businesspost.ie/article/limerick-chamber-finds-home-buyers-squeezed-out-by-state/
- Revenue to help tenancy watchdog identify ‘shadow’ landlords: Tax body aims to share data by year’s end, to help Residential Tenancies Board track down an estimated 124,000 unregistered rental properties https://www.businesspost.ie/politics/revenue-to-help-tenancy-watchdog-identify-shadow-landlords/
- No vacant home refurbishment grants approved in Galway City https://connachttribune.ie/no-vacant-home-refurbishment-grants-approved-in-galway-city/
- Four for €285,000 and under: homes in Louth, Kildare and Cork: Move-in-ready homes at keener prices around the country https://www.irishtimes.com/property/residential/2023/08/21/four-for-285000-and-under-homes-in-louth-kildare-and-cork/
- Charming cluster of 12 thatched cottages in Tipperary on sale for seven-figure sum https://www.tipperarylive.ie/news/home/1280841/charming-cluster-of-12-thatched-cottages-in-tipperary-on-sale-for-seven-figure-sum.html
- RTE’s Home of the Year judge Hugh Wallace shares his expert advice, the biggest mistake Irish people make in their homes and the one way you can guarantee you get value for money https://www.rsvplive.ie/life/rtes-hugh-wallace-shares-biggest-30774472.amp
- Maggie Molloy: ‘When a photo arrives of house hunters outside their new home I feel amazing’ : Eve Kelliher discovers how the Cheap Irish Homes presenter is constantly tempted to buy properties she finds when filming https://www.irishexaminer.com/property/homeandgardens/arid-41212039.html
- 3 characterful cottages around Ireland on the market for €300,000 or less https://www.image.ie/living/3-characterful-cottages-around-ireland-on-the-market-for-e300000-or-less-774741/amp
- Four-bedroom family home that used to be a pub on sale in Tipperary https://www.tipperarylive.ie/news/local-news/1278399/four-bedroom-family-home-that-used-to-be-a-pub-on-sale-in-tipperary.html
- US buyers expected for €450k 16th century Ballintotis Castle: Hit the heady heights in this historical and livable 16th century East Cork Irish tower house https://www.irishexaminer.com/property/residential/arid-41211946.html
- Step Inside the Irish Estate That Made Martyn Lawrence Bullard Immediately Want to Buy a Country House https://www.veranda.com/decorating-ideas/house-tours/a44634360/martyn-lawrence-bullard-capard-house-ireland/
- Offaly land with old windmill tower and road frontage for auction https://www.agriland.ie/farming-news/offaly-land-with-old-windmill-tower-and-road-frontage-for-auction/
- A ‘stylishly finished student house’ in Limerick is being raffled off with €5.25 tickets: The house features include a living room, kitchen, gym, office, utility room, three bedrooms, a pergola, tiki hut and custom artwork https://www.irishmirror.ie/news/irish-news/stylishly-finished-student-house-limerick-30795681.amp
- This former 18th century Catholic presbytery is for sale in Kerry: The Parochial House in the scenic village of Brosna in Co Kerry has been carefully restored in recent years and is on the market for $257K. https://www.irishcentral.com/dream-homes/presbytery-for-sale-brosna-kerry
COMMERCIAL PROPERTY NEWS
- Leaked Meta Memo Shows Stricter Return-to-Office Policy with Termination Threat for Repeat ViolationsMeta wants its employees back in the office to “foster healthy relationships.” https://www.entrepreneur.com/business-news/leaked-meta-memo-shows-stricter-return-to-office-policy/457804
- From Wagamama to Eddie Rockets, a number of tenants of Dundrum Town Centre are facing debt suits: Retail rents have been performing well for UK investment giant Hammerson, the PLC behind Dundrum Town Centre, Kildare Village, and The Ilac Centre. https://thecurrency.news/articles/126430/from-wagamama-to-eddie-rockets-a-growing-number-of-tenants-of-dundrum-town-centre-are-facing-debt-suits/
- Revenues at the owner of the Avoca brand rebounded last year by €67.4m to €266.24m as Aramark continued its business recovery from Covid-19. https://www.rte.ie/news/business/2023/0824/1401466-avoca-owners-business-bounces-back/
- Lettings allow Silent-Aire to continue to grow expanding Irish arm: The company has taken space at adjoining units at Park West Industrial Park on the Nangor Road in Dublin https://www.businesspost.ie/property/lettings-allow-silent-aire-to-continue-to-grow-expanding-irish-arm/
- Panda Waste founder launches High Court case against Mercantile Group – Eamon Waters has initiated the case over a charge it asserts on the premises housing Dylan McGrath’s Fade Street Social restaurant https://www.businesspost.ie/article/panda-waste-founder-launches-high-court-case-against-mercantile-group/
- Cork’s office property market riding on the crest of a wave: Data shows occupancy rates have increased by almost one-fifth over first half of year https://m.independent.ie/regionals/cork/business/corks-office-property-market-riding-on-the-crest-of-a-wave/a685456814.html
- What we know about the performance of Cork’s biggest pub group – in 11 graphs: Rearden’s controls several prominent pubs. An analysis of its performance over a four-year window sheds light on how the industry is performing after the pandemic. https://thecurrency.news/articles/126372/what-we-know-about-the-performance-of-corks-biggest-pub-group-in-11-graphs/
- Commercial property market softens as Ulster Bank steps up branch sales – Ulster Bank’s two Cork city centre premises, on St Patrick Street and Winthrop Street are set for sale offer https://www.irishexaminer.com/property/commercial/arid-41211811.html
- Washington Street office block for sale in the eyes of the law: Florence Buildings is directly across the road from Cork city’s main courthouse https://www.irishexaminer.com/property/commercial/arid-41211217.html
- Two Galway shopping centres €4 million changes pumped into major stores facelift: The stores will be upgraded as part of a major investment https://www.galwaybeo.ie/culture/shopping/two-galway-shopping-centres-4-8704272#google_vignette
- Historic ‘Church Building’ in Wicklow up for sale with guide of €565,000 https://m.independent.ie/regionals/wicklow/arklow-news/historic-church-building-in-wicklow-up-for-sale-with-guide-of-565000/a930982953.html
- Estate agents in negotiations with new operator to take over Tralee Iceland store https://www.radiokerry.ie/news/estate-agents-in-negotiations-with-new-operator-to-take-over-tralee-iceland-store-344118
- Popular Carlow chipper seeking planning permission for additional residential area https://www.carlowlive.ie/news/home/1278116/popular-carlow-chipper-seeking-planning-permission-for-additional-residential-area.html
- Purchase this historic post office and popular café in Borris, Carlow https://www.carlowlive.ie/news/home/1280908/purchase-this-historic-post-office-and-popular-cafe-in-borris-carlow.html
- 22 pubs closed in County Kildare since 2005, with two closures in recent years https://www.kildarenow.com/news/home/1279095/22-pubs-closed-in-county-kildare-since-2005-with-two-closures-in-recent-years.html
INTERNATIONAL PROPERTY NEWS
- UK competition watchdog raises concerns over housing market: Some landlords could be breaching consumer protection rules, while CMA is also investigating land held by largest housebuilders https://www.theguardian.com/business/2023/aug/25/uk-competition-watchdog-raises-concerns-over-housing-market-cma
- Clients will be required to appoint a main contractor on high-risk tower blocks before a building-control approval application is made, the UK government has confirmed https://www.constructionnews.co.uk/buildings/contractor-appointment-timings-to-be-mandated-for-high-risk-buildings-21-08-2023/
- Will Gove’s latest local plan reforms have a positive impact on delivery? Building’s Matilda Battersby talks to industry players about the local aspect of the housing secretary’s long term strategy, and what it might mean. https://www.building.co.uk/focus/will-goves-latest-local-plan-reforms-have-a-positive-impact-on-delivery/5124773.article
- Vienna tightens rules for Airbnb rentals: The Austrian capital Vienna is set to bring in tighter rules on renting out homes through the Airbnb platform https://www.thelocal.at/20230822/vienna-tightens-airbnb-and-other-rules-for-short-term-tourist-rentals
- Crisis in China’s property market threatens its broader economy: World’s second largest economy battling to avoid a deflationary spiral as developers default, leaving in their wake personal and economic misery https://www.irishtimes.com/business/economy/2023/08/25/crisis-in-chinas-property-market-threatens-its-broader-economy/
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/