Irish property market news and insights – for the industry, by the industry
Usually this weekly Property Round-Up is about helping the industry, however, today we need your help please. Our Property District team is growing, we have three roles available at the moment and over the coming months we will be sharing news about our new County Galway office. If you know of potential candidates who are genuinely interesting and interested, please send them our way. In addition to the minimum education/experience levels set out for each role, we hire based on attitude, creatively-strategic thinking, and demonstrable interest in the industry and the world at large. We love to be surprised…
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:
- New Level 5 restrictions in effect from January 13th 2021: Property Services Providers Guidance to implementing Plan for Living with Covid 19 | IPAV https://www.ipav.ie/news_publications/property-services-providers-guidance-implementing-plan-living-covid-19
- Average property in Nama worth just €330k: The average value of property still in Nama is around €330,000, the price of a family home across much of the country. That’s based on new information from Nama chairman Aidan Williams, writing in today’s Irish Independent. He says that the number of borrowers on Nama’s books is now 170, less than a quarter of the original 800 borrowers whose property loans were transferred to the agency. The remaining borrowers have 4,000 loans on 3,000 properties, he said. Separate figures from Nama at the end of the year indicate that the total value of loans still on its books is around €1bn. That suggests a rough €330,000 value per property still under the agency’s controls and the value of loans still owed by each borrower at just under €6m – on average. https://amp.independent.ie/business/small-business/average-property-in-nama-worth-just-330k-39953428.html
- Also, Nama leases almost 1,400 social housing units for €12m a year https://www.irishtimes.com/business/economy/nama-leases-almost-1-400-social-housing-units-for-12m-a-year-1.4454760?mode=amp
- Housing policy must not be driven by idealogy https://www.irishtimes.com/opinion/housing-policy-must-not-be-driven-by-idealogy-1.4457391?mode=amp
- IPAV chief executive Pat Davitt told the Sunday Independent that RPZ legislation, introduced to cap rent increases at 4pc in designated areas, has been poorly drafted and troublesome since it was initiated in 2016 – ‘Rent limits a disaster for owners, auctioneers tell minister’ https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/irish-news/rent-limits-a-disaster-for-owners-auctioneers-tell-minister-39976302.html
- Hundreds of luxury apartments controlled by US fund lie vacant in capital – Kennedy Wilson real estate firm sees high vacancy rate for phase three apartments in Clancy Quay in Dublin 8 and the 22-storey Capital Dock in Docklands https://www.businesspost.ie/houses/hundreds-of-luxury-apartments-controlled-by-us-fund-lie-vacant-in-capital-7993e066
- Should empty-nesters be encouraged to move to smaller homes ? Smart Money: Majority of Irish people live in homes too large for their needs https://www.irishtimes.com/business/economy/should-empty-nesters-be-encouraged-to-move-to-smaller-homes-1.4458240?mode=amp
- CBRE Ireland’s Outlook 2021 report is now available to download http://bit.ly/35xb0xt
- Over 17,000 jobs lost in Enterprise Ireland firms: Nearly 16,500 new jobs were created by Enterprise Ireland (EI) backed companies here last year, similar to 2019 levels. But the twin challenges of Covid-19 and Brexit meant when the 17,368 jobs that were lost in Enterprise Ireland client businesses were taken into account, there was a net drop in employment of 872. https://amp.rte.ie/amp/1188854/
- Decarbonizing cities involves buildings, mobility and infrastructure: Cities lie at the heart of the fight against climate change and now have the chance to build back better… https://www.weforum.org/agenda/2021/01/cities-climate-decarbonize-integrated/
- Bord na Móna formally ends all peat harvesting | Bord na Móna today formally ended all peat harvesting on its lands, marking a key milestone in its transformation into Ireland’s leading climate solutions company https://www.breakingnews.ie/ireland/bord-na-mona-formally-ends-all-peat-harvesting-1064994.html
- The tale of Ireland’s ‘House Burning Mania’ of 1919-1923 – Country Life https://www.countrylife.co.uk/architecture/the-tale-of-irelands-house-burning-mania-of-1919-1923-221446/amp
- Cork homeowner (82) ‘blown away’ after being gifted replica of his colourful city house https://www.echolive.ie/corknews/arid-40208456.html
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 on iPropertyRadiio.com: 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.
As we embark on our third year of broadcasting, we will be recording in video so – in addition to our regular podcast show – the show can be watched weekly. Our first show of 2021 airs on Tuesday and we will hear from the CIF’s James Benson who will update the construction industry on the current industry shutdown. We will also be joined by IPAV’s Pat Davitt to address Ireland’s estate agents, whose services remain restricted. Finally, we will hear from international proptech and contech (construction technology – apologies, I don’t come up with this ever-expanding industry vocabulary!) expert and Forbes contributor, Angelica Donati.
Produced by Katie Tallon of Hear Me Roar Media.
*Listen back to all shows at: https://ipropertyradio.com/property-matters/
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- Locals object to plans for 22-storey apartment block in Carrickmines in Dublin: A proposed apartment block in Carrickmines would be one of Dublin’s tallest buildings – but some local residents are not happy with the plans. https://www.newstalk.com/news/locals-object-to-plans-for-22-storey-apartment-block-in-carrickmines-in-dublin-1133618
- Moore Street transformation first look sees historic 1916 site developed to kickstart northside regeneration: The Save Moore Street campaign has welcomed the plans which were developed in conjunction with architects and the council https://www.dublinlive.ie/news/dublin-news/moore-street-transformation-first-look-19619775
- Rathcoole residents challenge approval for 204 housing units https://www.breakingnews.ie/amp/ireland/rathcoole-residents-challenge-approval-for-204-housing-units-1064568.html
- Sandymount residents seek Bord Pleanála intervention in cycle trial: Dublin City Council says planning permission is not required for Strand Road path https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/news/environment/sandymount-residents-seek-bord-plean%C3%A1la-intervention-in-cycle-trial-1.4454804?mode=amp
- Around 90% of public support Dame St traffic plan, submissions show https://www.rte.ie/news/regional/2021/0115/1190086-dame-st-plan/
- DCC to begin construction of white-water rafting facility in autumn: The cost of the controversial project has spiralled from an initial €12m to €25m, according to contract tenders issued last week https://www.businesspost.ie/Planning/dcc-to-begin-construction-of-white-water-rafting-facility-in-autumn-f5690c84
- Supporting regional development is critical to ensuring employment continues to grow https://amp.independent.ie/business/small-business/supporting-regional-development-is-critical-to-ensuring-employment-continues-to-grow-39972158.html
- Irish Language Plan Approved for Gaeltacht An tEachreidh – The region spans Annaghdown, Claregalway and Carnmore on the east side of the River Corrib. https://galwaybayfm.ie/galway-bay-fm-news-desk/irish-language-plan-approved-for-gaeltacht-an-teachreidh/
- Two legal challenges aim to halt 32km South Kerry Greenway – Claims include failures in protection for Kerry slug and the Lesser Horseshoe bat https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/news/crime-and-law/courts/high-court/two-legal-challenges-aim-to-halt-32km-south-kerry-greenway-1.4457471?mode=amp
- Former Mayo convent to be transformed into specialised arts centre | Connaught Telegraph https://www.con-telegraph.ie/2021/01/10/former-mayo-convent-to-be-transformed-into-specialised-arts-centre/
- Environmentalist challenges grant of licence for works at off-shore wind farm https://www.irishtimes.com/news/crime-and-law/courts/high-court/environmentalist-challenges-grant-of-licence-for-works-at-off-shore-wind-farm-1.4455631?mode=amp
- Rising stars of architecture: ‘We have to take a risk’ https://www.irishtimes.com/life-and-style/homes-and-property/rising-stars-of-architecture-we-have-to-take-a-risk-1.4457423?mode=amp
- County Council seeking land across Galway to develop burial grounds https://galwaybayfm.ie/galway-bay-fm-news-desk/county-council-seeking-land-across-galway-to-develop-burial-grounds/
- Exciting plans for Hanover Park will remember Ger https://carlow-nationalist.ie/2021/01/15/exciting-plans-for-hanover-park-will-remember-ger/
*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
- Building of homes on the up before lockdown put a stop to construction: House-building was on the increase in December before the latest shutdown of sites, which comes into full effect today. https://amp.independent.ie/business/irish/building-of-homes-on-the-up-before-lockdown-put-a-stop-to-construction-39953455.html
- Nuanced approach needed to keep essential construction work going – The lockdown during last April and May resulted in 5,000 fewer homes being delivered https://www.irishtimes.com/business/construction/nuanced-approach-needed-to-keep-essential-construction-work-going-1.4453491?mode=amp
- Plans progress for €25m white-water rafting facility in Dublin – Local authority seeks expressions of interest from contractors as project cost rises again https://www.irishtimes.com/news/ireland/irish-news/plans-progress-for-25m-white-water-rafting-facility-in-dublin-1.4459664?mode=amp
- Developer Johnny Ronan and US investment firm Oaktree have hired property investment bank Eastdil Secured to advise on debt financing options for development of the Irish Glass Bottle site and an adjoining plot in Dublin, according to sources. https://www.irishtimes.com/business/construction/eastdil-to-advise-johnny-ronan-and-oaktree-on-glass-bottle-site-1.4459668?mode=amp
- Ireland’s largest housebuilder Cairn Homes said it hopes the Government will help mitigate disruption to its home building targets this year by lifting the new restrictions on building sites in early February. https://www.irishexaminer.com/business/economy/arid-40206440.html?type=amp
- Ballymore gets green light for office blocks and hotel near Connolly station: Dublin City Council grants planning for three commercial buildings which will form part of the larger Connolly Quarter scheme https://www.businesspost.ie/housing/ballymore-gets-green-light-for-office-blocks-and-hotel-near-connolly-station-e1552bb8
- Tuath Housing to build 1,800 affordable homes this year – The social housing provider is raising its targets after a better than expected performance during the pandemic https://www.businesspost.ie/houses/tuath-housing-to-build-1800-affordable-homes-this-year-ed758d96
- Dermot O’Leary: Pandemic is opportune time to start solving dysfunctional Irish housing. A lack of a long-term housing policy that goes well beyond the five-year electoral cycle has been a contributory factor in the housing crisis https://www.irishexaminer.com/opinion/columnists/arid-40204175.html?type=amp
- Cairn Homes to post lower profits and sales for 2020: Housebuilder Cairn Homes said it closed 743 new home sales during 2020, a decrease on the 1,080 new home sales the previous year. In a trading update, Cairn Homes said it generated total revenues of about €260m for the year, a decreased of €435.3m the previous year. https://amp.rte.ie/amp/1189381/
- The 73-acre campus development located above Smithfield is described as the largest single investment in a higher education project in the history of the Irish state. Since 2014, €450 million has been invested in infrastructure and …. https://www.universityworldnews.com/post-mobile.php?story=20210116120313961
- €190m ‘build to rent’ scheme with rooftop gym and ‘dog wash’ area gets go-ahead in Dundrum https://m.independent.ie/business/commercial-property/190m-build-to-rent-scheme-with-rooftop-gym-and-dog-wash-area-gets-go-ahead-in-dundrum-39958621.html
- Green light given for co-living scheme atop Dublin’s Jervis Shopping Centre https://www.thejournal.ie/jervis-coliving-approved-5321927-Jan2021/
- Co-living scheme planned for protected modernist building in Dublin https://www.irishtimes.com/news/ireland/irish-news/co-living-scheme-planned-for-protected-modernist-building-in-dublin-1.4457458?mode=amp
- Glenveagh to charge council up to €791,500 for family apartments https://www.irishtimes.com/business/commercial-property/glenveagh-to-charge-council-up-to-791-500-for-family-apartments-1.4456642?mode=amp
- Plans submitted for 22-storey apartment block in south Co Dublin https://www.irishtimes.com/news/environment/plans-submitted-for-22-storey-apartment-block-in-south-co-dublin-1.4454829?mode=amp
- Cherrywood town centre developer challenges Council’s €31.4m bill | BreakingNews.ie https://www.breakingnews.ie/amp/ireland/cherrywood-town-centre-developer-challenges-councils-e31-4m-bill-1062593.html
- Plans to knock little city centre building and put in five-storey apartments: The proposal also includes rooftop solar panels and “streetscape enhancements” as well as a spot for bike storage and bins https://www.corkbeo.ie/news/local-news/plans-knock-little-city-centre-19639825
- Developer banks on boom in rental property market: The backer of the Crown Square scheme in Mervue is planning an increase in the number of apartments in the development following a review of the economic viability of the project. The 345 apartments will specifically target the rental market. Crown Square Developments Ltd, which is operated by developer Padraic Rhatigan, has told Galway City Council that the amended plans will form part of a new planning application to be made directly to An Bord Pleanála under ‘Strategic Housing Development’ legislation. https://connachttribune.ie/developer-banks-on-boom-in-rental-property-market/amp/
- Tender issued for refurbishment of Blackrock Tower in Salthill https://connachttribune.ie/tender-issued-for-refurbishment-of-blackrock-tower-in-salthill/amp/
- City council urged to initiate compulsory order for Corrib Great Southern derelict site – Galway Bay FM https://galwaybayfm.ie/galway-bay-fm-news-desk/city-council-urged-to-initiate-compulsory-order-for-corrib-great-southern-derelict-site/
- ‘Fantastic to see works started on new Waterford social housing development’ https://www.waterfordlive.ie/news/property/601844/fantastic-to-see-works-started-on-new-waterford-social-housing-development.html
- Plan to demolish cottage for two apartments is blocked by Council https://www.kildarenow.com/news/home/602044/plan-to-demolish-cottage-for-two-apartments-is-blocked-by-council.html
- Work is almost ready to start on two housing schemes in Tipperary – Both schemes are in the Clonmel area https://www.tipperarylive.ie/news/home/600098/work-is-almost-ready-to-start-on-two-housing-schemes-in-tipperary.html
- Council conclude construction of 30 social housing units with work ongoing for 163 further units https://www.clareecho.ie/council-conclude-construction-of-30-social-housing-units-with-work-ongoing-for-163-further-units/
- Sonica celebrated its inaugural Uncompromising Excellence Awards in recognition of the greatest achievements among employees for 2020. https://www.irishbuildingmagazine.ie/2021/01/15/sonica-celebrates-inaugural-employee-awards/
- Architect’s success story grew out of tough choices https://www.irishexaminer.com/business/companies/arid-40207235.html?type=amp
- Hammerson CFO steps down after two-year term https://m.independent.ie/business/commercial-property/hammerson-cfo-steps-down-after-two-year-term-39971555.html
- Irish duo targeting $2bn acquisition with US flotation – Gary Quin and Patrick Doran using SPAC to raise $345m https://m.independent.ie/business/irish/irish-duo-targeting-2bn-acquisition-with-us-flotation-39966265.html
PROPTECH, MMC & CONSTRUCTION INNOVATION
- Proptech Ireland is updating the database of 2020 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 *
- Standard Access wins US patent for its building manager tech: The Dingle-headquartered company is creating a ‘digital spine’ for managing buildings and has designed a system that unlocks doors using audio tech… https://www.siliconrepublic.com/start-ups/standard-access-wins-patent-for-building-tech
- Innovation and Best Value – Ridgeway, The “Go To” Destination for Work at Height https://constructionnews.ie/innovation-and-best-value-ridgeway-the-go-to-destination-for-work-at-height/amp/
- The Increased Importance of Indoor Air Quality Monitoring in 2021: “The conversation around indoor air quality has changed and this is particularly relevant in the workplace as building owners struggle to make places safer for employees…” https://www.sonitussystems.com/news/increased-importance-of-indoor-air-quality-monitoring-in-2021
- Proptech And Contech VCs Predict What Is In Store For 2021 https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/angelicakrystledonati/2021/01/10/proptech-and-contech-vcs-predict-what-is-in-store-for-2021/amp/
- Home services platofrm Porch acquires four companies as it gets deeper into the insurance space – TechCrunch https://techcrunch.com/2021/01/14/home-services-platform-porch-acquires-four-companies/
- Vdoo raises $25M more to develop its AI-based security for IoT and connected devices – TechCrunch https://techcrunch.com/2021/01/13/vdoo-raises-25m-more-to-develop-its-ai-based-security-for-iot-and-connected-devices/
RESIDENTIAL PROPERTY NEWS (including PRS)
- What does the latest lockdown mean for property buyers and sellers? https://www.irishtimes.com/life-and-style/homes-and-property/what-does-the-latest-lockdown-mean-for-property-buyers-and-sellers-1.4456344?mode=amp
- Market watch: We’ll see new homes at the end of the Covid tunnel – All seems gloomy on the property front at the start of the year, but there are chinks of light ahead https://www.thetimes.co.uk/edition/ireland/market-watch-well-see-new-homes-at-the-end-of-the-covid-tunnel-hxvtxhj28
- A bruised market readies itself for 2021: By and large, the property sector managed to withstand the ordeal that was 2020, but the new year will bring plenty of challenges of its own https://www.businesspost.ie/property-insight/a-bruised-market-readies-itself-for-2021-5425abdb
- Half of first-time buyers forced to delay plans as pandemic pushes up property prices https://amp.independent.ie/business/personal-finance/property-mortgages/half-of-first-time-buyers-forced-to-delay-plans-as-pandemic-pushes-up-property-prices-39966772.html
- An affordable home? How the new State equity scheme will work https://www.irishtimes.com/business/personal-finance/an-affordable-home-how-the-new-state-equity-scheme-will-work-1.4453465?mode=amp
- Minister may replace rent-pressure-zones with new protections https://www.irishtimes.com/news/ireland/irish-news/minister-may-replace-rent-pressure-zones-with-new-protections-1.4451571?mode=amp
- AIB plans ‘ethical’ sale of up to 650 distressed mortgages – Bidders for portfolio of owner-occupier loans will work to keep borrowers in homes https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/financial-services/aib-plans-ethical-sale-of-up-to-650-distressed-mortgages-1.4459601?mode=amp
- 92% of older people live in homes that are too big https://www.irishexaminer.com/news/arid-40204769.html?type=amp Also, Almost 7 in 10 people in Ireland are living in homes ‘too big for their needs’ https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/personal-finance/property-mortgages/almost-7-in-10-people-in-ireland-are-living-in-homes-too-big-for-their-needs-39958654.html
- Builder sells €49m of homes in Lucan: Builder Cairn Homes has sold 150 homes in Lucan to Irish investment management firm Carysfort Capital and Wall Street financial giant Angelo Gordon for €48.6m. https://m.herald.ie/news/builder-sells-49m-of-homes-in-lucan-39966597.html
- Dublin city centre residential investment sells for €2.93m https://www.irishtimes.com/business/commercial-property/dublin-city-centre-residential-investment-sells-for-2-93m-1.4453103?mode=amp
- What sold for about €450,000 in Dublin, Kildare, Wicklow and Tipperary https://www.irishtimes.com/life-and-style/homes-and-property/what-sold-for-about-450-000-in-dublin-kildare-wicklow-and-tipperary-1.4443748?mode=amp
- Will 2021 be the year of green housing and property improvements? https://www.buyassociation.co.uk/2021/01/15/will-2021-be-the-year-of-green-housing-and-property-improvements/
- Inside former minister Ivor Callely’s €2m family home that led to downfall https://amp.independent.ie/irish-news/inside-former-minister-ivor-callelys-2m-family-home-that-led-to-downfall-39953894.html
- Handsome Herbert Park Edwardian for €2.5m: Six-bedroom Ballsbridge house extends to 3,229sq ft along with a generous rear garden https://www.irishtimes.com/life-and-style/homes-and-property/handsome-herbert-park-edwardian-for-2-5m-1.4455163?mode=amp
- How to create a beautiful home office whatever your space or budget https://www.homesandproperty.co.uk/home-garden/interiors/creating-a-home-office-how-to-transform-workspace-a140730.html#gallery
- Thousands dreaming of owning incredible Irish home with stunning inside feature https://www.irishmirror.ie/lifestyle/homes-and-property/thousands-people-dreaming-owning-incredible-23323259.amp
- A vocation for transformation to make a Donnybrook property fair – Flipping properties is a passion for the owners of this 1930s Dublin house, which they gutted and turned into a bright modern home https://www.thetimes.co.uk/edition/ireland/a-vocation-for-transformation-to-make-a-donnybrook-property-fair-kmcqmn357
- Is This the Most Expensive Two-Bedroom Home for Sale in Ireland? https://extra.ie/2021/01/16/must-see/most-expensive-two-bedroom-home-ireland/amp
COMMERCIAL PROPERTY NEWS
- Bleak start to 2021 for Dublin businesses https://www.businessworld.ie/news-from-ireland/Bleak-start-to-2021-for-Dubliln-businesses-575050.html
- Mega deals and local investment keep commercial sector on the road: Despite a tough trading environment for Irish commercial property last year, key parts of the sector showed resilience and are poised for a quick recovery https://www.businesspost.ie/commercial/mega-deals-and-local-investment-keep-commercial-sector-on-the-road-61466d61
- Pandemic will force property investors to ‘future proof’ portfolios – report: CBRE says Covid-19 and trends in residential and retail will shift focus of investors in 2021 https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/pandemic-will-force-property-investors-to-future-proof-portfolios-report-1.4456236?mode=amp
- Dublin office leasing activity sinks by 47% in 2020 https://amp-rte-ie.cdn.ampproject.org/c/s/amp.rte.ie/amp/1189665/
- Also, deep pockets and development potential boosted prices for pubs https://amp.independent.ie/business/commercial-property/deep-pockets-and-development-potential-boosted-prices-for-pubs-39963385.html
- Industrial & logistics sector sees spike in demand: “…total take up for 2020 to 276,536 metre squared, which is down 7% compared with 2019 but 5.5% above the 10-year average…” https://amp.rte.ie/amp/1189581/
- More on this… Inexorable logic: why industrial and logistics are where it’s at – International investors are eyeing the Irish industrial property market with increasing interest these days, and with good reason https://www.businesspost.ie/commercial/inexorable-logic-why-industrial-and-logistics-are-where-its-at-bdb0f4e6
- Western Development Commission welcomes new pharma video highlighting opportunities in the region https://galwaybayfm.ie/galway-bay-fm-news-desk/western-development-commission-welcomes-new-pharma-video-highlighting-opportunities-in-the-region/
- Covid-19 sees German investor mark down value of Point Campus – DWS transfers Dublin student housing to subsidiary at 6% discount to price paid in 2019 https://www.irishtimes.com/business/commercial-property/covid-19-sees-german-investor-mark-down-value-of-point-campus-1.4456571?mode=amp
- Hugo Boss secures 24% rent cut in new Grafton Street lease https://www.irishtimes.com/business/commercial-property/hugo-boss-secures-24-rent-cut-in-new-grafton-street-lease-1.4456393?mode=amp
- Prime mixed-use property in College Green guiding €5.2m: No 18-19 is a six-storey over basement mixed-use property built in the 1950s with net internal area of 938 square metres https://www.businesspost.ie/commercial/prime-mixed-use-property-in-college-green-guiding-eur52m-800dd28c
- Danish home retailer Jysk to open three news stores in Ireland – New openings in Carlow, Tralee and Cork will bring employee numbers to over 150 https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/retail-and-services/danish-home-retailer-jysk-to-open-three-news-stores-in-ireland-1.4458758?mode=amp
- John Ring appointed as director of research at Savills Ireland – Former Knight Frank executive’s expertise covers range of commercial property sectors https://www.irishtimes.com/business/commercial-property/john-ring-appointed-as-director-of-research-at-savills-ireland-1.4453113?mode=amp
- Tipp house prices to rise by 4% in 2021 https://www.tipperarylive.ie/news/property/601983/tipp-house-prices-to-rise-by-4-in-2021.html
INTERNATIONAL PROPERTY NEWS
- Leasehold reform will ensnare tenants in vast entanglements – Proposals meant to benefit leaseholders may in fact deter quality landlords from the market https://www.thetimes.co.uk/article/leasehold-reform-will-ensnare-tenants-in-vast-entanglements-nxqmxhlrm
- Construction recovers to pre-pandemic level https://www.constructionenquirer.com/2021/01/15/construction-recovers-to-pre-pandemic-level/
- Carillion directors face boardroom bans https://www.theconstructionindex.co.uk/news/view/carillion-directors-face-boardroom-bans
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/