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 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.

 

• Wealth of Irish households rises above €1tn for first time: Headline figure from Central Bank equates to almost €200,000 for every man, woman and child in the State  https://www.irishtimes.com/business/economy/2022/08/03/wealth-of-irish-households-rises-above-1-trillion-for-first-time/ Also: Republic’s wealth divide driven increasingly by property  https://www.irishtimes.com/business/2022/08/04/republics-wealth-divide-driven-increasingly-by-property/ 

 

• Shift away from apartments to housebuilding at centre of builder’s housing crisis plan – Minister for Housing Darragh O’Brien has been presented with a plan by Glenveagh to overhaul existing regulations  https://www.irishtimes.com/ireland/housing-planning/2022/08/04/glenveagh-properties-argues-for-shift-away-from-apartments-to-housebuilding/ Also: As well as briefing Minister, Glenveagh Properties met management at local authorities in places where it plans to build hundreds of homes  https://www.irishtimes.com/ireland/housing-planning/2022/08/05/construction-firm-lobbied-two-councils-on-proposal-to-allow-smaller-gardens/

 

• Minister Darragh O’Brien receives report on defects in apartment and duplex buildings: Report sent to Fingal TD reveals between 50% and 80% of those built between 1991 and 2013 many have issues https://m.independent.ie/regionals/dublin/fingal/minister-darragh-obrien-receives-report-on-defects-in-apartment-and-duplex-buildings-41889211.html

 

• State raises €6m by selling slew of surplus properties – Former Garda stations and social welfare offices are among the buildings sold off for new uses  https://www.businesspost.ie/politics/state-raises-e6m-by-selling-slew-of-surplus-properties/

 

• GAA refuses request to use Connaught airdome to accommodate refugees – Organiser says indoor facility in Mayo is fully booked and is not a suitable location for Ukrainian refugees  https://www.businesspost.ie/news/gaa-refuses-request-to-use-connaught-airdome-to-accommodate-refugees/

 

• ‘Next redress scheme will be for homeless children’  https://www.irishexaminer.com/news/arid-40934246.html

 

• How a trawl of Government departments’ property portfolios for housing fell far short of expectations – Each department replied following a review of vacant properties under their remit  https://www.irishtimes.com/ireland/housing-planning/2022/08/05/call-for-government-departments-to-comb-property-portfolios-fell-short-of-expectations/

 

• Everything you need to know about Ireland’s carbon budget and the new sectoral emissions ceilings for residential buildings and commercial buildings 👉https://www.gov.ie/en/press-release/dab6d-government-announces-sectoral-emissions-ceilings-setting-ireland-on-a-pathway-to-turn-the-tide-on-climate-change/#

 

 

• South Dublin County Council ordered to reverse ban on developing data centres: Decision to make data centres a ‘not permitted’ use in the new county development plan breached national and regional policy, says Minister https://www.irishtimes.com/ireland/dublin/2022/08/02/south-dublin-county-council-ordered-to-reverse-ban-on-developing-data-centres/

 

• Brothers now in 10th year of legal battle with each other over field in Co Clare – Joseph Slattery restrained from pursuing further litigation without court permission against Thomas Slattery over land near Lahinch  https://www.irishtimes.com/crime-law/courts/2022/08/04/brothers-now-in-10th-year-of-legal-battle-over-field-in-co-clare/

 

 

• We need a meaningful forestry plan – Entire planting programme has collapsed https://www.irishtimes.com/opinion/letters/2022/08/01/we-need-a-meaningful-forestry-plan/

 

 

• Spanish banker emerges as contender for Bank of Ireland top job  https://www.irishtimes.com/business/2022/07/31/spanish-banker-emerges-as-contender-for-bank-of-ireland-top-job/

 

• Ten futuristic cities set to be built around the world  https://www.dezeen.com/2022/08/01/futuristic-cities-planned-architecture-masterplanning-urban-design/

 

 

• The Next Frontier: CRE and the Metaverse | Cushman & Wakefield https://www.cushmanwakefield.com/en/insights/the-edge/the-next-frontier-commercial-real-estate-and-the-metaverse?utm_source=social&utm_medium=linkedin&utm_term=cushman+%26+wakefield&utm_content=b5c092e3-93dc-4b79-88eb-357813278a67&utm_campaign=EdgeVol7

 

 

 

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 Maurice Grassau, CEO of proptech Architrave GmbH chats to host Carol Tallon of Proptech Ireland about the Architrave offering.

Architrave transforms chaos into clarity by equipping asset managers with the digital tools to standardise all document related processes. Adding value at each stage of the asset life-cycle, Architrave helps you transact faster, make data driven decisions and visualise data across your portfolio. Operating across the UK and Europe, their technology and experience is trusted by SEGRO, abrdn, Deka and BNP Paribas.

Produced by Hear Me Roar Media

Watch back: https://youtu.be/rIxzjIwHOnQ 

Listen back: https://ipropertyradio.com/proptech-hot-seat/

 

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

• ‘Dalkey sur Mer’? How celebrities residing in Dublin coastal village are no strangers to planning disputes – Household names are frequently embroiled in contentious rows over homes  https://m.independent.ie/life/home-garden/homes/dalkey-sur-mer-how-celebrities-residing-in-dublin-coastal-village-are-no-strangers-to-planning-disputes-41890897.html

 

• ‘We need a public-led approach to the way we develop our cities’  https://architectureau.com/articles/we-need-a-public-led-approach-to-the-way-we-develop-our-cities/

 

• Almost 400 homes approved for new west Dublin suburb of Clonburris: Social, affordable purchase and cost-rental homes approved for first phase with construction to begin next year  https://www.irishtimes.com/ireland/housing-planning/2022/08/02/almost-400-homes-for-new-west-dublin-suburb-of-clonburris/

 

• Private cars to be banned from travelling inbound on Dublin’s North Strand Road from Monday – Buses, taxis and cyclists permitted to continue using route during Clontarf cyclepath construction  https://www.irishtimes.com/ireland/dublin/2022/08/03/dublin-north-strand-road-closed-inbound-to-cars-clontarf-cyclepath/

 

• New tidal pool on the cards for north Dublin town – The project is part of €150,000 in funding that has been granted to Fingal by Minister for Rural and Community Development, Heather Humphreys  https://www.dublinlive.ie/news/dublin-news/new-tidal-pool-cards-north-24681049

 

• Clontarf’s outdoor swimming pool delights locals as it opens to the public: The pool was previously only accessible to members of local swimming clubs  https://www.dublinlive.ie/lifestyle/health-and-fitness/clontarfs-outdoor-swimming-pool-delights-24664035

 

• In a housing crisis, privacy is for the birds  https://www.thetimes.co.uk/article/brenda-power-in-a-housing-crisis-privacy-is-for-the-birds-sl25fqdlk

 

• Popular Cork attraction building new facility – The new €5m project is set to start construction next month.  https://www.echolive.ie/corknews/arid-40932800.html

 

• Landmark buildings in Cork to open their doors to the public for one day: Cork Heritage Open Day, which is organised by Cork City Council in partnership with the Heritage Council, is taking place on Saturday, August 13.  https://www.echolive.ie/corknews/arid-40932737.html

 

• Controversial new draft bye-laws for Galway beaches to go on public display shortly https://galwaybayfm.ie/galway-bay-fm-news-desk/new-draft-bye-laws-for-galway-beaches-to-go-on-public-display-shortly/

 

• Galway has oldest average age of farm holders  https://connachttribune.ie/galway-has-oldest-average-age-of-farm-holders/

 

• Approval given for major extension at Coláiste Cholmcille in Inverin  https://connachttribune.ie/approval-given-for-major-extension-at-colaiste-cholmcille-in-inverin/amp/

 

• Residents ‘weren’t consulted’ about 80 bed student village in Limerick  https://www.live95fm.ie/news/live95-news/residents-say-they-werent-consulted-about-80-bed-student-village-in-rhebogue/

 

• As the challenges of climate change grow, one Louth company is taking a lead role in ensuring local homes are going green: The Energy Team have been busy carrying out a retrofit of houses at Cooley, using renewable technology and building fabric solutions https://m.independent.ie/regionals/louth/news/louth-initiative-helping-cooley-homes-go-green-41882140.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* https://www.youtube.com/watch?v=rdwwKy4MA_4 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

• Building costs to continue rising but at slower pace, surveyors predict: Profession believes industry is nearing peak capacity but a downturn could increase competitiveness  https://www.irishtimes.com/business/2022/08/02/building-costs-to-continue-rising-but-at-slower-pace-surveyors-predict/

 

• Water and electric shortages threaten delivery of thousands of houses: A water pumping station that won’t be ready for six years and energy capacity constraints are among the utility issues delaying the construction of many housing schemes, say developers  https://www.businesspost.ie/news/water-and-electric-shortages-threaten-delivery-of-thousands-of-houses/

 

• State must take lead on utility services if it is serious about tackling housing crisis: Years of underinvestment have led to a lack of crucial water and electricity infrastructure and developers are warning of lengthy delays to building projects if there is no improvement https://www.businesspost.ie/analysis-opinion/editorial-state-must-take-lead-on-utility-services-if-it-is-serious-about-tackling-housing-crisis/

 

• Gardai and the Health and Safety Authority are investigating a Brazilian fraudster who is providing forged employment documents (used in construction) in the name of Irish firms.  https://extra.ie/2022/07/31/news/irish-news/fake-job-certs-online-for-e40

 

• The search is underway for a contractor to restore a disused railway in Ireland  https://www.newcivilengineer.com/latest/contractors-wanted-to-restore-irish-railway-04-08-2022/

 

• Taxpayer to subsidise universities to build 4,500 student bedrooms with the condition rents are lowered  https://m.independent.ie/irish-news/education/going-to-college/taxpayer-to-subsidise-universities-to-build-4500-student-bedrooms-with-the-condition-rents-are-lowered-41894844.html

 

• ABP granted permission for houses on land on which no vacant sites levy paid since 2017  https://www.irishexaminer.com/news/arid-40933553.html

 

• The Construction Information Service offers the latest on building schemes around Ireland: The Construction Information Service offers the latest on building schemes around Ireland  https://www.businesspost.ie/property/the-construction-information-service-offers-the-latest-on-building-schemes-around-ireland/

 

• Ballymore boss: ‘I am worried that we are going to run out of developable land in three years’: Patrick Phelan, managing director of Ballymore in Ireland, is optimistic about some aspects of the current housing landscape, including the Dart West project, but concerned that the state’s zoning strategy is based on incorrect and outdated data  https://www.businesspost.ie/news-focus/ballymore-boss-i-am-worried-that-we-are-going-to-run-out-of-developable-land-in-three-years/

 

• Permission sought for 63 build-to-rent apartments in Milltown: Proposal for south Dublin suburb includes alterations to Milltown Road and its footpaths, and a new ESB substation  https://www.irishtimes.com/business/2022/08/02/permission-sought-for-63-build-to-rent-apartments-in-milltown/

 

• Tetrarch wins permission for 266 new homes in Saggart – Department of Defence had objected to proposed development near Casement Aerodrome   https://www.irishtimes.com/business/2022/08/05/tetrarch-wins-permission-for-266-new-homes-in-saggart/

 

• Brennan’s Bakery successfully fights off plan for 12-storey ‘build to rent’ scheme  https://www.breakingnews.ie/ireland/brennans-bakery-successfully-fights-off-plan-for-12-storey-build-to-rent-scheme-1344727.html

 

• Dublin City Council approves 11-storey hotel on Abbey Street Upper: Hotel is part of mixed-use scheme that also includes 10-storey, 222-bedroom apart-hotel fronting on to Great Stand Street  https://www.irishtimes.com/business/2022/08/02/dublin-city-council-approves-11-storey-hotel-on-abbey-street-upper/

 

• Powerscourt Hotel wins approval for purpose-built accommodation for staff: Bosses hope development will help hotel to recruit workers at a time of staff shortages and a housing crisis https://m.independent.ie/business/irish/powerscourt-hotel-wins-approval-for-purpose-built-accommodation-for-staff-41893021.html

 

• Ten-storey hotel, bar and office block for Cork city suburb as council greenlights plans: The office and hotel development is to be provided in two buildings, including a 165-bedroom hotel and a seven-storey office block  https://www.corkbeo.ie/news/property/ten-storey-hotel-bar-office-24643397.amp

 

• ‘A new era for Cork’: Major docklands development gets the green light from planners: Cork City Council has now approved both applications, subject to a number of conditions which have yet to be published  https://www.echolive.ie/corknews/arid-40931231.html

 

• Cork County Council told to deal with planning breaches now in city council areas: In one case, five separate court orders secured by the county council in relation to planning breaches on a site that is now in the city have not been enforced  https://www.irishexaminer.com/news/munster/arid-40931021.html

 

• Plans refused for housing development in Kinvara  https://connachttribune.ie/plans-refused-for-housing-development-in-kinvara/

 

• Cost of new student centre at University of Limerick rises €10m due to ‘hyperinflation’: Completion of the new 3,529 sq m building has been delayed by four years due to Covid and rising costs  https://www.businesspost.ie/news/cost-of-new-student-centre-at-university-of-limerick-rises-e10m-due-to-hyperinflation/

 

• University of Limerick announce new 20 house student village  https://www.limerickleader.ie/news/home/877380/university-of-limerick-announce-new-20-house-student-village.html

 

• Potential for hundreds of new Portlaoise houses in huge Laois land sale  https://www.leinsterexpress.ie/news/local-news/877507/potential-for-hundreds-of-new-portlaoise-houses-in-huge-land-sale.html

 

• No opening in sight yet for the Naas Shopping Centre building https://www.leinsterleader.ie/news/home/872895/kildare-analysis-no-opening-in-sight-yet-for-the-naas-shopping-centre-building.html

 

• Glenveagh acquires Wicklow-based Harmony Timber Solutions: Deal will give housebuilder access to state-of-the-art facility that can produce 450 timber frames per year  https://www.irishtimes.com/business/2022/08/03/glenveagh-acquires-wicklow-based-harmony-timber-solutions/

 

• Turmec recycling centre: the Meath-based provider of waste processing and recycling solutions announced it had won a €30 million contract to design, build and install a construction waste processing facility  https://www.businesspost.ie/news/turmec-eyes-us-acquisition-as-it-aims-for-further-expansion-in-waste-recycling-sector/

 

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

 

• The building site of the future… from design and production, right through to site management5G, BIM, big data, automation, artificial intelligence, drones, offsite construction, green, VR, AR, XR… what are we missing?  🔗 prop-tech.ie 

 

• Clarke Façades invests £4m in new office and advanced offsite manufacturing facility in Ballymena to support its growth ambitions: The company specialises in commercial and residential medium to high-rise buildings with clients across the UK and Ireland https://www.insidermedia.com/news/ireland/firm-invests-in-new-premises-to-support-growth-plans

 

• Ireland’s Furthr VC expands its seed fund to €32 million to back scaling Irish innovators https://www.eu-startups.com/2022/08/irelands-furthr-vc-expands-its-seed-fund-to-e32-million-to-back-scaling-irish-innovators/

 

• Game on as Orb Media aims to combat scrolling fatigue with virtual shopping  https://www.businesspost.ie/post-plus/game-on-as-orb-media-aims-to-combat-scrolling-fatigue-with-virtual-shopping/

 

• EY announces the acquisition of digital engineering consultancy Digital Detox  https://www.ey.com/en_uk/news/2022/08/ey-announces-the-acquisition-of-digital-engineering-consultancy-digital-detox

 

• What is the Future of BIM? Graphisoft Unveils Archicad 26  https://www.archdaily.com/986357/what-is-the-future-of-bim-graphisoft-unveils-archicad-26

 

• Priced out of the housing market but fancy owning part of a property? There’s a fintech for that: Crypto is down and retail investors are looking for their next hit. Now there’s a new wave of fintechs aiming to lure them to glitzy real estate assets.  https://sifted.eu/articles/fractional-ownership-real-estate-fintech/

 

• End of apps? | Chicago office moves access control to Apple Wallet  https://placetech.net/strategy/end-of-apps-chicago-office-moves-access-control-to-apple-wallet/

 

• How to protect your smart home from hackers  https://www.digitaltrends.com/home/how-to-protect-your-smart-home-from-hackers/

 

• BuiltAI nets £2 million for AI-augmented data on commercial real estate in UK. The new funding will enable the company to boost its AI geospatial analytics and extend its customer acquisition in the U.K. and Europe  https://tech.eu/2022/08/01/builtai-nets-ps2-million-for-ai-augmented-data-on-commercial-real-estate-in-uk/

 

• FP McCann makes first cement-free precast pipes https://www.constructionenquirer.com/2022/08/02/fp-mccann-makes-first-cement-free-precast-pipes/ 

 

• PlaceTech | The changing role of…architectural technologists https://placetech.net/strategy/the-changing-role-of-architectural-technologists/

 

• BuiltAI, a London-based startup offering a platform to help real estate professionals analyze commercial property opportunities, has secured £2 million  https://pitchbook.com/newsletter/proptech-startup-builtai-pockets-2m

 

• ‘Airbnb for shared living’ PropTech raises additional £500k – BusinessCloud https://businesscloud.co.uk/news/airbnb-for-shared-living-proptech-raises-additional-500k/

 

• ‘Huge potential’ for the PropTech sector to create jobs and attract private sector investment | TheBusinessDesk.com https://www.thebusinessdesk.com/westmidlands/news/2066290-%E2%80%98huge-potential%E2%80%99-for-the-proptech-sector-to-create-jobs-and-attract-private-sector-investment

 

• Manchester proptech start up signs deal with leading holiday home agent  https://www.prolificnorth.co.uk/news/ecommerce/2022/08/manchester-proptech-start-signs-deal-leading-holiday-home-agent

 

• France dominates European PropTech deals in H1 2022  https://member.fintech.global/2022/08/02/france-dominates-european-proptech-deals-in-h1-2022/

 

• OpenDoor Q2 2022: Revenue rockets as IBuyer expands – AIM Group https://aimgroup.com/2022/08/05/opendoor-q2-2022-revenue-rockets-as-ibuyer-expands/

 

• The funding will allow the startup to expand in German-speaking markets, facilitate collaborations and integrate with ERP and facility management software providers  https://tech.eu/2022/08/04/wowflow-picks-up-eur1m-to-turbocharge-work-of-facility-management-teams/

 

• Proptech to Keep the Talent Happy — and Coming to the Office: Experts at a recent Commercial Observer forum offer insights into what works to keep workers coming back https://commercialobserver.com/2022/08/proptech-office-workers-retention/

 

• Endpoint Unveils Solutions to Support Proptech Companies and Investors Searching for a Scalable Digital Closing Platform in the US https://www.businesswire.com/news/home/20220802005276/en/Endpoint-Unveils-Solutions-to-Support-Proptech-Companies-and-Investors-Searching-for-a-Scalable-Digital-Closing-Platform

 

• Sustainable PropTech Canada Report Shows $1.5b Invested in Canadian Sustainable Property Technology | Business Wire https://www.businesswire.com/news/home/20220803005157/en/Sustainable-PropTech-Canada-Report-Shows-1.5b-Invested-in-Canadian-Sustainable-Property-Technology

 

• Tech-enabled real estate broker Mudafy has received a $10 million Series A investment round led by Founders Fund  https://latamlist.com/proptech-mudafy-scoops-10m-series-a/

 

• Blackbird leads proptech Sitemate’s $5.2m raise https://www.businessnewsaustralia.com/articles/blackbird-leads-proptech-sitemate-s–5-2m-raise.html

 

• Singaporean proptech firm to expand in Indonesia with US$52m in fresh funds https://www.thejakartapost.com/business/2022/07/31/singaporean-proptech-firm-to-expand-in-indonesia-with-us52m-in-fresh-funds.html.

 

• Square Yards launches India’s first real estate digital escrow service: A company release on Wednesday said the platform will now facilitate payments related to security deposits, token amounts and rents through digital escrow.  https://www.businesstoday.in/real-estate/story/square-yards-launches-indias-first-real-estate-digital-escrow-service-343594-2022-08-03

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• RTB to fine landlords, then pay them back: Rental watchdog has acknowledged and apologised for issues with new €7 million tenant registration system  https://www.businesspost.ie/politics/rtb-to-fine-landlords-then-pay-them-back/

 

• Property tax on holiday homes should be increased to boost State’s finances, expert group says – Commission on Taxation and Welfare urges Government to widen tax net by imposing a site-value tax on non-residential property  https://www.irishtimes.com/politics/2022/08/06/property-tax-on-holiday-homes-should-be-increased-to-boost-states-finances-expert-group-says/

 

• Tourism self-catering landlords criticise ‘rushed’ new rules on advertising: Representative body says regime requiring planning permission for short-term lets causing ‘huge stress’  https://www.irishtimes.com/business/2022/08/01/tourism-self-catering-landlords-criticise-rushed-new-rules-on-advertising/

 

• High demand and price rises leading to a vibrant Dublin property market: Pent-up demand, money saved over the pandemic and high-end cash buyers are resulting in premium prices being paid for top-quality properties in the capital  https://www.businesspost.ie/property/high-demand-and-price-rises-leading-to-a-vibrant-dublin-property-market/

 

• Own your very own historic fortress in along Dublin’s south coast  https://www.irishcentral.com/dream-homes/battery-historic-fortress-sandycove-dublin-for-sale.amp

 

• Trying to get on the property ladder? Some of these new Rathcormac homes will qualify for the new Shared Equity Scheme – Estate agent says shared equity is ” gamechanger” for first time buyers https://www.irishexaminer.com/property/residential/arid-40933394.html

 

• Former Kerry star Paul Galvin and wife Louise Duffy embroiled in a planning row – Galvin and former Today FM presenter Duffy seeking permission to build extra storey on their Ranelagh bungalow  https://m.independent.ie/news/former-kerry-star-paul-galvin-and-wife-louise-duffy-embroiled-in-a-planning-row-41887250.html

 

• What €500,000 will get you in Dublin, Kilkenny and Marbella  https://extra.ie/2022/08/03/property/500k-dublin-kilkenny-marbella

 

• ‘Accidental landlord’ inadvertently disriminated against prospective tenant over HAP, WRC rules: Ausra Ziurinskaite’s complaint under the Equal Status Act 2000 against Adrienne Keogh was upheld by the Workplace Relations Commission https://www.irishtimes.com/ireland/social-affairs/2022/08/04/wrc-rules-accidental-landlord-inadvertently-disriminated-against-prospective-tenant-over-hap/

 

• Students urged to bunk-up – as NUIG seeks to make room for more  https://connachttribune.ie/students-urged-to-bunk-up-as-nuig-seeks-to-make-room-for-more-612/

 

• Daithi O Se takes on massive renovation project on 1800s cottage  https://extra.ie/2022/08/03/entertainment/daithi-o-se-renovation-project

 

• Limerick renter fights battle against mould and letting agency  https://www.live95fm.ie/news/live95-news/limerick-renter-fights-battle-against-mould-and-letting-agency/

 

• Stopping the rot: could compulsory purchase orders be a solution for derelict properties? Louth was once a trailblazer when it came to using compulsory purchase orders to bring vacant buildings back into use, but in recent times the programme has faltered, with no properties acquired this year  https://www.businesspost.ie/news-focus/stopping-the-rot-could-compulsory-purchase-orders-be-a-solution-for-derelict-properties/

 

 

• Home truths: how personal idiosyncrasies shape architectural thinking  https://architectureau.com/articles/home-truths-how-personal-idiosyncrasies-shape-architectural-thinking/

 

 

COMMERCIAL PROPERTY NEWS

• WeWork’s offices are back in business  https://www.thetimes.co.uk/article/weworks-offices-are-back-in-business-dmd0d6hg6

 

• The question keeps getting asked because it never gets answered. What do we do with the city’s vacant spaces, all those blank retail zones, the visible wastelands?  https://www.irishexaminer.com/opinion/columnists/arid-40932311.html

 

• ‘Luxury’ care home brand is set to be rolled out in Ireland, says investor – Plans to introduce the Morar Living brand here are at a very early stage, Simply UK reveals  https://m.independent.ie/business/irish/luxury-care-home-brand-is-set-to-be-rolled-out-in-ireland-says-investor-41893010.html

 

• Chapters bookshop looks to move within city centre with gym plans for existing premises: Planning application seeks change of use for Parnell Street premises deemed too large for book retail  https://www.irishtimes.com/ireland/dublin/2022/08/01/chapters-bookshop-looks-to-move-within-city-centre-with-gym-plans-for-existing-premises/

 

• Faster delivery, removal of Brexit barriers: Amazon opens Dublin distribution centre: Centre in Baldonnell will serve customers across the island of Ireland  https://www.irishtimes.com/business/2022/08/04/faster-delivery-removal-of-brexit-barriers-amazon-opens-dublin-distribution-centre/

 

• Becky Morgan’s pub in D2 changes hands for over €1.3m. The landmark pub on Grand Canal Street had generated plenty of interest, and was the subject of a protracted bidding war  https://www.businesspost.ie/property/becky-morgans-pub-in-d2-changes-hands-for-over-e1-3m/

 

• A county-by-county breakdown of the number of pubs closed in Ireland in the last two decades  https://www.joe.ie/news/pubs-list-ireland-decrease-decline-amount-of-pubs-county-by-county-breakdown-753019

 

• Hotels, guest houses and B&Bs have been paid €25million a month to accommodate Ukrainian refugees as long-term housing solutions are being sought to house 50,000 people fleeing the war  https://extra.ie/2022/08/02/news/bbs-and-hotels-100million-house-refugees

 

• Youghal hotel awarded €12m contract to accommodate Ukrainian refugees: Contracts worth €99.3m have been agreed by the Government so far  https://www.irishexaminer.com/news/munster/arid-40930979.html

 

• Southern Star is Cork’s latest city pub to be reborn – The pub had closed its doors in March 2020 but is set to reopen in November  https://www.irishexaminer.com/property/commercial/arid-40932983.html

 

• Limerick book shop stands the test of time and is ready for the next chapter  https://www.limerickleader.ie/news/home/872009/limerick-book-shop-stands-the-test-of-time-and-is-ready-for-the-next-chapter.html

 

• Retail store says Athlone is ideal location after 25 years in business  https://www.shannonside.ie/news/retail-store-says-athlone-is-ideal-location-after-25-years-in-business-208385

 

• 220ac Kildare farm makes €18,250/ac: Dispersed holding sells in six lots for total exceeding €4m as land prices continue to soar in south Leinster  https://m.independent.ie/business/farming/farm-property/leinster-farm-sales/220ac-kildare-farm-makes-18250ac-41883144.html

 

INTERNATIONAL PROPERTY NEWS

• UK house prices: history says the market is in for a long slowdown not a crash  https://theconversation.com/amp/uk-house-prices-history-says-the-market-is-in-for-a-long-slowdown-not-a-crash-186072

 

• UK launches property register to curb flow of £100bn ‘dirty money’: Initiative will require anonymous foreign owners or buyers to reveal their identity  https://www.ft.com/content/6c35830c-875f-41a3-8173-83efaefa011c

 

• Step Inside Sienna Miller’s Charming English Cottage  – The actress turns to her friend, director Gaby Dellal, to help breathe new life into a centuries-old countryside abode https://www.architecturaldigest.com/story/sienna-miller-english-cottage-buckinghamshire

 

• Capita agrees to sell real estate and infrastructure consultancy businesses https://www.capita.com/news/capita-agrees-sell-real-estate-and-infrastructure-consultancy-businesses

 

• US Leads Global Real Estate Market Growth  https://www.commercialsearch.com/news/us-leads-global-real-estate-market-growth/

 

• Ascent, an 86.6-metre-tall mass-timber tower in Wisconsin designed by Korb + Associates Architects, has been certified as the world’s tallest timber building. https://www.dezeen.com/2022/08/03/ascent-tower-milwaukee-worlds-tallest-timber-building/

 

• Australia’s best residential architecture: the 2022 Houses awards – in pictures  https://www.theguardian.com/lifeandstyle/gallery/2022/aug/01/australias-best-residential-architecture-the-2022-houses-awards-in-pictures

 

• Architecture studio Snøhetta has revealed the design for a skyscraper in Tokyo, named Shibuya Upper West Project, which is intended to be “a sanctuary of peace and relaxation in the bustle of the city”. The 164.8-metre-tall development, which will be the studio’s largest in Japan, will include shops, apartments, a luxury hotel, and facilities for art and cultural events  https://www.dezeen.com/2022/08/05/snohetta-shibuya-upper-west-project-tokyo/

 

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/