Good afternoon folks, 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/category/sunday-property-review/
Before we get started, I just want to draw your attention to two news items that might be of particular interest:
- Here are the most improved schools in each county https://www.irishexaminer.com/breakingnews/ireland/here-are-the-most-improved-schools-in-each-county-900368.html
- IoT surge will require a data centre hub in every town https://www.siliconrepublic.com/enterprise/data-centre-hubs-towns-internet
As always, you might let me know if I have missed out on any relevant property news by emailing email@example.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 Listen: #PropertyMatters radio show
Ireland’s first weekly property radio show, Property Matters, launched earlier this week on Dublin South FM 93.9 and is available internationally via iTunes podcast (@iPropertyRadio). Seasoned political journalist and broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from areas of planning, construction and property.
Guests this week included former RTE house-hunter Liz O’Kane from Hunter Estate Agents, coliving advocate Ed Burke from RooMigo and Gavin Gallagher from East Point Business Park and Proptech .TV.
Our guests next Tuesday 6-7pm include Robbie Dillon, Head of Residential at Savills to talk about the upcoming Irish property showcase in London; Healy Hynes of Beagel .io to discuss how home buyers and sellers are transitioning to online bidding for private treaty sales right across Ireland; and we will have Karen Muldowney of Shapoorji Pallonji, international engineering and construction giant, to discuss issues facing the construction sector right now.
Public Consultation and Community Engagement
- Colm McCarthy has a characteristically sensible piece in the Sunday Independent today headed: ‘Time to face down our lack of common sense when planning to build new homes: Politicians complain about the housing crisis – yet battle against developments in their own back yards’. He doesn’t hold back, declaring that “It takes genuine chutzpah to blame builders, developers, the markets, Central Bank lending rules, or even local authority planners, for a problem more often the handiwork of elected public officials”.
This NIMBY approach is planning objections has become quite topical of late. In fact, Ivan Yates on Newstalk has been one of the most outspoken about this when other prominent Newstalk presenters are unable to comment for obvious – and hypocritical – reasons. Here is a link to a recent discussion on this: https://placeengage.com/newstalk-fm-ivan-yates-placeengage-tackle-nimby-objections/
- Developer accused of ‘emotional blackmail’ over Raheny housing site https://www.irishtimes.com/news/environment/developer-accused-of-emotional-blackmail-over-raheny-housing-site-1.3772498?mode=amp
- Residents claim Galway City Council ignored their plight – Connacht Tribunehttps://connachttribune.ie/residents-claim-galway-city-council-ignored-their-plight-099/
- Dublin’s Suffolk Street to be pedestrianised for six weeks starting Saturdayhttps://www.thejournal.ie/suffolk-street-pedestrianised-4464782-Jan2019/
- Six-storey hotel in Portobello given go-ahead despite objectionshttps://www.irishtimes.com/business/commercial-property/six-storey-hotel-in-portobello-given-go-ahead-despite-objections-1.3777946?mode=amp
- Transport chief standing firm on St Patrick St car ban to make Cork ‘more animated and more attractive’ https://www.irishexaminer.com/breakingnews/ireland/transport-chief-standing-firm-on-st-patrick-st-car-ban-to-make-cork-more-animated-and-more-attractive-900926.html
- Quinn and Kelly families back planned Mount Merrion apartmentshttps://www.irishtimes.com/life-and-style/homes-and-property/quinn-and-kelly-families-back-planned-mount-merrion-apartments-1.3774623?mode=amp
- Major regeneration plans for dilapidated area in heart of Galway https://www.thejournal.ie/nuns-island-redevelopment-galway-4471360-Feb2019/?amp=1
- Chamber president calls for ‘clarity’ on Ireland 2040 https://www.rte.ie/amp/1027044/
*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*
Other Property News
- According to a report in the Business section of the Sunday Independent today, CapitalFlow looks set to take on Linked Finance and target the professional landlord market as it seeks a retail credit licence – we will watch this space.
- The Business interview in the Independent today is with Donagh O’Sullivan. The Cork man is CEO of London’s second largest homebuilders, Galliard Homes.
- There is a New Homes special feature in the property section of the Sunday Independent today that will likely be of interest to would-be home buyers.
- Colin Coyle, writing in The Sunday Times today, explains how the wife of former Irish Nationwide chief , Michael Fingleton, has “avoided a six-figure bill” after successfully petitioning to have a 3.5 acre site removed from the Dun Laoghaire-Rathdown vacant site register.
- In the business section of the Times, Niall Brady writes that Ulster Bank is changing its mortgage rules to allow “high-income house hunters” to borrow up to 4.5 times their annual income, rather than the Central Bank rule of 5 times income.
- Philip Connolly, also in the Times today, reports that Development 8 is planning to build a large BTR scheme of 492 apartments on the Naas Road in Walkinstown.
- U+I’s recently appointed development director for Ireland, Arlene van Bosch, is profiled on page 6 of the business section. She talks about the company’s plan to transform Dublin with “compact living spaces”.
- Johnny Ronan is featured as one of the lead stories in The Sunday Business Post today. Michael Brennan and Roisin Burke report that Ronan is “seeking to exploit the abolition of the building height cap by applying to add one two more floors to his megatower in the Dublin Docklands”.
- Also in the SBP today, Ian Guider writes that ‘SF loan book bill would kill mortgage market, say main banks’, which is pretty self-explanatory.
- Buying a new home in 2019? Here’s what’s coming https://www.irishtimes.com/life-and-style/homes-and-property/buying-a-new-home-in-2019-here-s-what-s-coming-1.3774975?mode=amp
- Excessive price expectations biggest block to house sales, report sayshttps://www.irishtimes.com/news/ireland/irish-news/excessive-price-expectations-biggest-block-to-house-sales-report-says-1.3775106?mode=amp
- House prices to rise by 4%; govt called on to introduce legal right to housinghttps://amp.irishexaminer.com/breakingnews/ireland/house-prices-to-rise-by-4-govt-called-on-to-introduce-legal-right-to-housing-901093.html
- Monthly salary after tax of €8,900 needed to live in Dublin 2, report claimshttps://www.irishtimes.com/business/economy/monthly-salary-after-tax-of-8-900-needed-to-live-in-dublin-2-report-claims-1.3776091?mode=amp
- Five-star living and sky-high rents: Welcome to Capital Dock https://www.irishtimes.com/business/commercial-property/five-star-living-and-sky-high-rents-welcome-to-capital-dock-1.3777972?mode=amp
- Tracker mortgage scandal cases near 40,000, Central Bank to reporthttps://www.irishtimes.com/business/financial-services/tracker-mortgage-scandal-cases-near-40-000-central-bank-to-report-1.3779279?mode=amp
- James Reilly calls for tax incentives to encourage over 55s to downsizehttps://www.irishtimes.com/news/ireland/irish-news/james-reilly-calls-for-tax-incentives-to-encourage-over-55s-to-downsize-1.3777289?mode=amp
- Dublin’s top-earning Airbnb property pulls in €230,000 a year https://www.irishtimes.com/business/transport-and-tourism/dublin-s-top-earning-airbnb-property-pulls-in-230-000-a-year-1.3774586?mode=amp
- Rise in total value of new mortgages drawn down – BPFI https://www.rte.ie/amp/1026132/
- 40,000 home loans drawn down last year https://amp.independent.ie/business/personal-finance/property-mortgages/40000-home-loans-drawn-down-last-year-37759911.html
- Over 12,000 mortgages worth €2.6 billion drawn down in the last three monthshttps://www.thejournal.ie/mortgages-worth-e2-6-billion-drawn-down-december-2018-4463639-Jan2019/
- Government scheme to help families in mortgage distress ‘fails 70% who turn to it’https://www.thejournal.ie/abhaile-scheme-results-4462971-Jan2019/
- €100m in mortgages drawn down under State-backed schemehttps://www.rte.ie/news/2019/0128/1025947-rebuilding-ireland-mortgages/
- Your Quick Introduction to nZEB 2019 via Evolusion Innovation, Experts in Offsite Construction: https://www.evolusioninnovation.com/news/your-quick-introduction-to-nzeb-2019
- Work to start on first cost-rental scheme near Sandyford https://www.irishtimes.com/news/social-affairs/work-to-start-on-first-cost-rental-scheme-near-sandyford-1.3778016?mode=amp
- Amount paid by State to private landlords soars to €276.6m https://amp.independent.ie/business/personal-finance/property-mortgages/amount-paid-by-state-to-private-landlords-soars-to-276-6m-37755052.html
- One landlord has 241 properties linked to rent benefit schemehttps://amp.breakingnews.ie/ireland/one-landlord-has-241-properties-linked-to-rent-benefit-scheme-901589.html
- Eoghan Murphy launches new state lender that aims to deliver 7,500 homes in five years
- ‘Vast amounts’ of land available for housing https://www.rte.ie/amp/1026490/
- Growth of PRS to define Dublin Docklands residential market – Independent.iehttps://m.independent.ie/business/commercial-property/growth-of-prs-to-define-dublin-docklands-residential-market-37766491.html
- Year of ‘mega tech deal’ for Dublin office space demand https://www.rte.ie/amp/1026866/
- Cork Events Centre: Will it still be on with the show or back again to the drawing board?https://www.irishexaminer.com/breakingnews/specialreports/cork-events-centre-will-it-still-be-on-with-the-show-or-back-again-to-the-drawing-board-900459.html
- Coillte poised to invest up to €1bn over next 15 years https://www.irishtimes.com/business/energy-and-resources/coillte-poised-to-invest-up-to-1bn-over-next-15-years-1.3774682?mode=amp
- Central Bank to pay €204m for new IFSC headquarters https://amp.independent.ie/business/irish/central-bank-to-pay-204m-for-new-ifsc-headquarters-37759606.html?__twitter_impression=true
- Prime Cork City redevelopment site sold for over €7 million https://amp.irishexaminer.com/breakingnews/property/prime-cork-city-redevelopment-site-sold-for-over-7-million-901375.html
- Interconnector: ‘Earliest possible construction date is 2020’ https://www.agriland.ie/farming-news/interconnector-earliest-possible-construction-date-is-2020/
- Lambert Smith Hampton rolls out new online property auction brand • PrimeResihttps://primeresi.com/lambert-smith-hampton-rolls-out-new-online-property-auction-brand/?utm_source=dlvr.it&utm_medium=linkedincompanies
Agile Agent – Digital Transformation for Independent Estate Agents
We are delighted to play host to one of Ireland’s top sales trainers for an intensive day of industry-specific sales training for independent estate agents later this month. This training will be held in County Carlow (instead of our usual Citywest) to facilitate agents in the South and South East of the country. Email for further details and availability: firstname.lastname@example.org
Also, Agile Agent Q2 Programme updates here:
To get involved and for free Proptech Prompts, please
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. Also, we are on a mission to get every Irish construction and property technology business registered on the global proptech database UNISSU. More details here:https://prop-tech.ie/global-proptech-data-platform-unissu-com-is-launched/
- Ireland: The building site of the future #BIM #Offsite https://m.youtube.com/watch?v=3CJmHYOACqA&time_continue=1
- MORE PropTech Predictions for 2019 https://finance.yahoo.com/amphtml/video/proptech-predictions-2019-165900133.html?guccounter=1
- Airbnb acquires Denmark’s Gaest to expand in bookings for meetings and offsiteshttps://techcrunch.com/2019/01/25/airbnb-acquires-denmarks-gaest-to-expand-in-bookings-for-meetings-and-offsites/amp/
- DLA Piper Proptech Group Aims To Get Real Estate Connected – Law360https://www.law360.com/technology/articles/1121705/dla-piper-proptech-group-aims-to-get-real-estate-connected
- Why fintech matters in the Proptech 3.0 era https://www.financialexpress.com/industry/technology/why-fintech-matters-in-the-proptech-3-0-era/1458839/
- Canada poised to solidify fintech/proptech lead https://m.mortgagebrokernews.ca/news/technology/canada-poised-to-solidify-fintechproptech-lead-253860.aspx
- How surge in property expert sites is encouraging buyers and sellers to get online | Daily Mail Online https://www.dailymail.co.uk/news/article-6636031/How-surge-property-expert-sites-encouraging-buyers-sellers-online.html
- China’s co-working operators squeezed by a lack of funding are shutting down | South China Morning Post https://www.scmp.com/business/article/2182973/chinas-co-working-operators-squeezed-lack-funding-are-shutting-down-dozen
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) was rebranded 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/