Sunday Property Round-Up, December 16th 2018

 

There is quite a packed property read for you below, most of this is a catch-up on the events of the week as all the Sunday broadsheets are dominated with advertising  (just email me for details on the best value turkey and where to shop for the most thought-out wine selection!).

If you missed last week’s Sunday Property Round-Up, which was full of industry and tech/innovation news, you can catch up here: https://propertydistrict.ie/commercial-property-news/

Before we get started, I want to draw your attention to this positive news story:

 

 

As always, you might let me know if I have missed out on any relevant property news by emailing  carol@caroltallon.com.

 

(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 Read

 

Rents rising but number of landlords falling: RTB Director Rosalind Carroll said affordability remained an issue for the rental market and in particular more work needed to be done to moderate the rate of rent increases for new tenancies in areas where demand is high.

“At the same time, it is a matter of deep concern that the number of landlords continues to decrease,” she said. “If we are to meet demand and ensure a well-functioning rental sector, then we need more landlords and different types of landlords to offer market options. With many landlords leaving, it is increasing strain and pressure and this must be addressed.”

https://www.rte.ie/news/2018/1213/1016879-rent_index/

PLACEMAKING

 Public Consultation and Community Engagement

 

 

 

 

 

PLACEengage: The future of speedy, successful placemaking for property developers is here – LAUNCHING JANUARY 2019!

 

Other Property News

 

 

 

 

 

 

  • Richard Curran, in his weekly Sunday Independent column writes that ‘Rental crisis is set to continue as some landlords decide to exit’. He is referring to the latest RTB report, which shows that rents are still rising, although the rate of increase is starting to slow. It also confirm that there are fewer tenancies coming available each quarter, which is deeply worrying. There are 1,778 fewer landlord today than in 2015. Of the 174,000 landlords in Ireland, 86% of those have only one or two investment properties.

 

  • On page 12 of the Independent today there is a composite piece on the property market. In particular, Ronan Lyons writes about ‘Home truths of a housing market that makes 17 millionaires a week’, pointing out that while property is our largest expense, it is also our greatest asset.

 

  • According to Michael Cogley in the Sunday Independent , Cairn Homes has received planning for 459 new homes at Fortunestown Lane, near Citywest – Cooldown Commons

 

  • Also, the same journalist reports that the Gillick brothers through Platnium Land are set to apply for planning for 535 BTR units at their Chivers site in north Dublin.

 

  • In The Sunday Times, Sean Pollack reports that “rent predictability measures are set to be introduced for purpose-built student accommodation”, which is badly needed as PBSA lettings are not covered under the rent pressure zones restrictions.

 

  • The lead business story in the Times today reports that Oaktree Capital Management is in “advanced talks” to fund the much-speculated upon 4.32 hectare Players Square scheme on South Circular Road.

 

  • In The Sunday Business Post, Jack Horgan-Jones reports that Nama is on track to make a “significant profit” on the Player Wills site.

 

  • In the property section of The Irish Times, editor Lind Daly has a good round-up of the property year. In trying to fund the winners and losers of the market place, she surmises that “this year was a mixed bag for the sector, with no runaway champs”.

 

  • According to Michael Brennan in The Sunday Business Post today ‘Property tax overhaul delayed by Ross’s demand to exempt pensioners’. He reports that government has redesigned the current system to avoid big increases for homeowners as properties are revalued in 2019 – for the first time since the introduction of the tax. It is understood that homeowners will pay a different property tax rate depending on where in the country they live.

 

  • Also in the SBP, Smurfit hails ‘great victory’ as K Club case thrown out of court
    Mr Justice Anthony Barr concluded that Peter Curran of Cahersiveen, Co Kerry had “lied continually” in an action that was dismissed last Friday against Smurfit.

 

  • Vic O’Sullivan has a good feature on what you need to know before becoming an Airbnb host.

 

 

 

 

 

 

 

  • Should TD landlords abstain from eviction legislation vote?

https://www.thejournal.ie:443/poll-landlords-abstain-from-eviction-legislation-dail-4392529-Dec2018/ https://www.thejournal.ie/poll-landlords-abstain-from-eviction-legislation-dail-4392529-Dec2018/

 

 

 

  • International developers reveal plans to build 3,000 apartments for rent across Dublin

https://www.thejournal.ie:443/cherrywood-apartments-3-4385337-Dec2018/https://www.thejournal.ie/cherrywood-apartments-3-4385337-Dec2018/?amp=1

 

 

 

 

 

 

 

 

  • CBRE’s European Real Estate Market Outlook 2019 report is now available to download https://lnkd.in/ggEEy3r

 

 

 

  • Ireland’s bounceback: Skyrocketing demand

“Both sale and rental prices for Irish housing have risen sharply in recent years. This is particularly acute in Dublin, where sale prices have increased by 55 per cent and rental prices by 65 per cent in the last five years. This reflects strong demand but very weak supply”

https://www.aecom.com/content/cornerstone-issue-08/irelands-bounceback/

 

 

 

  • 5 of the most interesting trends that will advance construction in 2019.

For more please read: https://lnkd.in/gfGPQpk

 

 

 

Agile Agent

12-month digital transformation programme for independent estate agents and auctioneers across Ireland

 

Getting  Ireland’s property marketplace digital by default

 

 

To get involved and for free Proptech Prompts, please

SIGN UP HERE

 

 

Proptech and Construction Innovation

 

  • Are you an Irish-led or Ireland-based #proptech business?  If so, please take five minutes to add or update your details to our internationally-shared listing here: SIGN UP: PROPTECH INNOVATORS and to keep up-to-date on all things tech and innovation for the planning, construction and property industries, head over to http://www.prop-tech.ie, the national resource website for innovators, investors and mentors or email news@proptech.ie .

 

 

 

 

 

  • Co-Living Firm Wins $1.1 Billion Investment for Europe Expansion

https://www.bloomberg.com/news/articles/2018-12-12/co-living-firm-wins-1-1-billion-investment-for-europe-expansion https://www.bloomberg.com/amp/news/articles/2018-12-12/co-living-firm-wins-1-1-billion-investment-for-europe-expansion

 

 

 

 

 

  • UK PropTech will survive whatever Brexit brings

https://www.estateagenttoday.co.uk/breaking-news/2018/12/proptech-today-my-predictions-for-2019?source=newsticker

 

 

 

 

 

 

 

 

  • PropTech in Ireland 2018 via FUTURE:PropTech  https://futureproptech.co.uk/blog/overview-of-the-irish-proptech-sector-2018

 

 

Crowd-sourcing:   New Facebook Group for Irish Property Buyers & Investors

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) has undergone a rebrand for 2018 and will now appear as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here.

For the first time, the 2019 edits will be crowd-sourced and will include 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/

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