Industry news across the broadsheets today is relatively light. The Sunday Independent publishes its annual Rich List for 2019, this might be of interest to more people than who care to admit it!
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/
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 Read – Property tax reform
- Should affluent areas pay less property tax? Minister says councillors should decide the rate in their area https://www.thejournal.ie/local-property-tax-2-4439220-Jan2019/?amp=1
- ICYMI: After Minister Josepha Madigan said she wants Property Tax lowered for those in affluent areas, @CarolTallon gives @ciarakellydoc her ideas for what should be done about taxes on people’s property.
- Is the current system best? Via Podcasts – Lunchtime Live @NewstalkFM https://www.newstalk.com/podcasts/Lunchtime_Live/Highlights_from_Lunchtime_Live/245827/Should_the_property_tax_be_lowered_for_rich_areas
- Minister moves to reassure public that reformed property tax will be ‘affordable’ and ‘fair’https://www.thejournal.ie/property-tax-paschal-donohoe-4439973-Jan2019/?amp=1
Public Consultation and Community Engagement
- On Newstalk FM, Ivan Yates and PLACEengage tackle NIMBY objections to planning: https://placeengage.com/newstalk-fm-ivan-yates-placeengage-tackle-nimby-objections/
- Planning system in need of significant reform – Ibec https://www.rte.ie/news/2019/0115/1023241-ibec_planning_system/
- “Not in keeping with the area” or blatant #NIMBY? Senator defends objection to planned housing development in Dublin https://amp.breakingnews.ie/ireland/senator-defends-objection-to-planned-housing-development-in-dublin-897698.html
- FactCheck: Does this tweet show the decline of the ‘ethnic Irish’ population from 2040 onward? https://www.thejournal.ie/factcheck-project-ireland-2040-ethnic-irish-4440742-Jan2019/?amp=1
- 185-bedroom Vicar Street hotel given green light by DCC despite local objections. In total, 12 objections have been lodged against the plan: https://www.thejournal.ie:443/vicar-street-hotel-planning-granted-4441697-Jan2019/ https://www.thejournal.ie/vicar-street-hotel-planning-granted-4441697-Jan2019/
- Vision to create ‘Restaurant Quarter’ at Limerick shopping centrehttps://www.limerickleader.ie/news/home/357395/vision-to-create-restaurant-quarter-at-limerick-shopping-centre.html
*PLACEengage: The future of speedy, successful placemaking for property developers is here – LAUNCHING JANUARY 2019, contact the PLACEengage team for roll-out details*
Other Property News
- In the business section of the Sunday Independent, Michael Cogley reports that UK coliving developer, The Collective, has partnered with Mm Capital to develop coliving accommodation at Fumbally in Dublin 8. This is just the latest in a trend of growth for this type of accommodation.
- Also in the Independent today, well-known Irish construction boss Flan McNamara is profiled on page 4 of the business section. Originally from Kilrush in County Clare, McNamara is the director of Osborne and Co, a Dundalk based firm, and oversaw the construction of The Shard in London back in 2012.
- One of the lead stories today in The Sunday Business Post reports that “councils are to be given Revenue-style powers to impose daily penalties on the business freeloaders who are not paying their commercial rates“. As unpaid rates nationwide amount to €272 million, penalties could help raise tens of thousands of euros for local authorities.
- Also in the SBP today, Construction Information Services (C.I.S.) provides a roundup that includes: Harry Crosbie’s 8-stores, €17m hotel development on Vicar Street gets planning and Duggan Brothers has commenced work on a €35m social housing development in Dublin 1.
- In commercial property news, Danoj Developments has secured funding from Lotus Investment Group to redevelop 133 St. James’s Street into apartments and ground-floor cafe/retail space.
- House prices continue to climb nationally, according to CSO figureshttps://amp.irishexaminer.com/breakingnews/ireland/house-prices-continue-to-climb-nationally-according-to-cso-figures-897989.html
- Rate of property price rises eases nationally – but largest hike recorded in the Mid-Westhttps://amp.independent.ie/business/personal-finance/property-mortgages/rate-of-property-price-rises-eases-nationally-but-largest-hike-recorded-in-the-midwest-37717759.html
- From the housing crisis to Brexit our panel answer the key questions about the outlook for 2019 https://m.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/ask-the-experts-from-the-housing-crisis-to-brexit-our-panel-answer-the-key-questions-about-the-outlook-for-2019-37719746.html
- This won’t come as news to #househunters right now: Getting a home loan is the easy bit…finding a house to buy is the challenge https://amp.independent.ie/business/personal-finance/getting-a-home-loan-is-the-easy-bit-finding-a-house-to-buy-is-the-challenge-37709291.html
- Mortgage debt initiative keeps people in homes https://www.thetimes.co.uk/article/mortgage-debt-initiative-keeps-people-in-homes-pz9dl03qc
- Exclusive: Five-star Conrad Hotel hits market with €115m guide price – Independent.iehttps://m.independent.ie/business/exclusive-fivestar-conrad-hotel-hits-market-with-115m-guide-price-37727134.html
- Construction index hits four-month high https://amp.independent.ie/business/irish/construction-index-hits-fourmonth-high-37707460.html
- Also, Construction activity at four month high in December https://www.rte.ie/amp/1023028/
- More landlords have multiple properties https://amp.breakingnews.ie/ireland/more-landlords-have-multiple-properties-897316.html
- Irish Life seeks rent of €2,350 for Fernbank two-bed in Churchtownhttps://www.irishtimes.com/business/economy/irish-life-seeks-rent-of-2-350-for-fernbank-two-bed-in-churchtown-1.3757211?mode=amp
- WeWork in talks to lease Dawson Street building https://www.irishtimes.com/business/commercial-property/wework-in-talks-to-lease-dawson-street-building-1.3757578?mode=amp
- Record land price in County Limerick: Small farm sells for whopping €38k an acre: https://www.limerickleader.ie/news/home/358719/record-land-price-in-county-limerick-small-farm-sells-for-whopping-38k-an-acre.html
- Spring start for €100m Galway office scheme https://www.irishtimes.com/business/commercial-property/spring-start-for-100m-galway-office-scheme-1.3757464?mode=amp
- Richard Barrett lender strikes deal over Temple Bar hostel https://www.irishtimes.com/business/financial-services/richard-barrett-lender-strikes-deal-over-temple-bar-hostel-1.3756508?mode=amp
- Dublin 8 site with approval for large aparthotel scheme for €5.75mhttps://www.irishtimes.com/business/commercial-property/dublin-8-site-with-approval-for-large-aparthotel-scheme-for-5-75m-1.3757452?mode=amp
- Harry Crosbie threatens to abandon four-star hotel at Hanover Quay over public access to the waterfront https://amp.independent.ie/business/harry-crosbie-threatens-to-abandon-fourstar-hotel-at-hanover-quay-over-public-access-to-the-waterfront-37718850.html
- Fund seeks €6.2m over Limerick hotel development loans https://amp.independent.ie/irish-news/courts/fund-seeks-6-2m-over-limerick-hotel-development-loans-37709643.html
- Recycle operation plan for former factory site in Limerick https://www.limerickleader.ie/news/home/357978/recycle-operation-plan-for-former-factory-site-in-limerick.html
- Rare Cork limestone uncovered at construction site https://www.eveningecho.ie/corknews/Rare-Cork-limestone-uncovered-at-construction-site-c28e7f3b-f699-4eb4-9809-243130645ec1-ds
- Hotel site owners in Cork given 12 weeks to deal with rubble https://amp.irishexaminer.com/breakingnews/ireland/hotel-site-owners-in-cork-given-12-weeks-to-deal-with-rubble-897622.html
- Office demand to drive third bumper year for property sector https://www.irishtimes.com/business/commercial-property/office-demand-to-drive-third-bumper-year-for-property-sector-1.3758698?mode=amp
- Details of construction work at Portlaoise hospital outlined https://www.leinsterexpress.ie/news/news/357627/details-of-construction-work-at-portlaoise-hospital-outlined.html
- Dublin Airport seeks contractors for €1bn worth of work https://www.irishtimes.com/business/transport-and-tourism/dublin-airport-seeks-contractors-for-1bn-worth-of-work-1.3760509?mode=amp
- Data Center Construction Market Analysis Till 2026: AECOM, Arup…
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
Proptech and Construction Innovation
- The big Proptech story of this month has been the launch of Global proptech database UNISSU. This site aims to be the single resource for all international news, innovations, likely applications and key trends for the sector. If you are working in the planning, construction or property industries, I recommend signing up here for all the latest global proptech news and insights: UNISSU Also, if you own a technology business selling into any of these industries, check the database to ensure your organisation is featured – More here: https://prop-tech.ie/global-proptech-data-platform-unissu-com-is-launched/
- The future’s bright – here’s how your agency can thrive in 2019: https://www.estateagenttoday.co.uk/features/2019/1/the-futures-bright–heres-how-your-agency-can-thrive-in-2019
- Space as a Service: The Trillion Dollar Hashtag https://propmodo.com/space-as-a-service-the-trillion-dollar-hashtag/
- PropTech Today: Fatigue – should estate agents bother with technology? https://www.estateagenttoday.co.uk/breaking-news/2019/1/proptech-today-fatigue–should-estate-agents-bother-with-technology?source=newsticker
- Swiss PropTech Startup HEGIAS is Making VR Reality https://realtybiznews.com/swiss-proptech-startup-hegias-is-making-vr-reality/98752507/
- ‘Tinder-Like’ PropTech App Badi Raises £24 Million – MobileAppDailyhttps://www.mobileappdaily.com/proptech-app-badi-raises-24m/amp
- Microsoft no longer sees Cortana as an Alexa or Google Assistant competitor: https://www.theverge.com/platform/amp/2019/1/18/18187992/microsoft-cortana-satya-nadella-alexa-google-assistant-competitor
- PropTech Startup Aims to Help Multifamily Properties Understand Marketing Performance | Propmodo https://propmodo.com/proptech-startup-aims-to-help-multifamily-properties-understand-marketing-performance/
- This UK proptech startup which just secured €1.7M wants to make moving house less of a nightmare | Silicon Canals https://siliconcanals.nl/news/startups/travel-mobility/this-uk-proptech-startup-which-just-secured-e1-7m-wants-to-make-moving-house-less-of-a-nightmare/
- Designing the cities of the future https://www.bbc.co.uk/news/amp/business-46880468
- 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 firstname.lastname@example.org .
- This is what the #cities of the future could look like Via World Economic Forum
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/