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: 

 

• Finally! Barking up the right tree: pet-friendly rental schemes – Developers are responding to the growing need for pet-friendly rental accommodation by developing ‘pet-centric’ apartments https://www.businesspost.ie/property-insight/barking-up-the-right-tree-pet-friendly-rental-schemes-213794f5

 

• Ireland’s planning system is from another century builders say: Homebuilders say they are trying to meet the demands of the 21st Century with a 20th-century planning system that is delaying the construction of new homes. https://www.irishexaminer.com/business/economy/arid-40211702.html?type=amp

 

• Ten construction workers at Tralee hospital given Covid-19 vaccine: Hospital says staff are working on time-critical pandemic related works https://www.irishtimes.com/news/health/ten-construction-workers-at-tralee-hospital-given-covid-19-vaccine-1.4461635?mode=amp

 

• Hibernia Reit CEO named Urban Land Institute Ireland chair: Kevin Nowlan will succeed Tom Dunne https://www.irishtimes.com/business/construction/hibernia-reit-ceo-named-urban-land-institute-ireland-chair-1.4460547?mode=amp

 

• 15% increase in PUP recipients as construction workers seek supports https://www.breakingnews.ie/amp/ireland/15-increase-in-pup-recipients-as-construction-workers-seek-supports-1066324.html

 

• First homes connect under national broadband plan https://www.irishtimes.com/business/retail-and-services/first-homes-connect-under-national-broadband-plan-1.4465477?mode=amp

 

• ESG Impact Is Hard to Measure — But It’s Not Impossible https://hbr.org/2021/01/esg-impact-is-hard-to-measure-but-its-not-impossible

 

• World Economic Forum ‘Net Zero Carbon Cities: An Integrated Approach’ Framework paper http://www3.weforum.org/docs/WEF_Net_Zero_Carbon_Cities_An_Integrated_Approach_2021.pdf

 

 

 

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: 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.

Joining us for our first show of 2021 are:

 

Part 1 – Property: Patrick Davitt, IPAV

 

 

Part 2 – Construction: James Benson, Construction Industry Federation

 

 

Part 3 – Proptech: Angelica Donati, DIG and Forbes Contributor

 

 

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

 

• Pandemic provides golden opportunity for planners to reshape towns and cities: Covid-19 has changed our world. It could also change the places where we live https://www.irishtimes.com/news/environment/pandemic-provides-golden-opportunity-for-planners-to-reshape-towns-and-cities-1.4465427?mode=amp

 

• Remote working ‘revolution’ bringing people back to towns and villages https://www.irishtimes.com/news/ireland/irish-news/remote-working-revolution-bringing-people-back-to-towns-and-villages-1.4465403?mode=amp

 

• Council hits out at ‘hostile’ commentary around white-water rafting facility: The Council has written to elected members to explain the benefits of the controversial project. https://www.thejournal.ie/council-chief-executive-hits-out-at-hostile-commentary-around-white-water-rafting-facility-5328219-Jan2021/?amp=1

 

• First look at plans to transform Dublin street as council outlines city upgrade https://www.dublinlive.ie/news/dublin-news/liberties-meathstreet-dublin-transport-council-19678964

 

• The struggle for the Iveagh Market: a legacy, a tipping point, a state of dereliction – The Currency https://thecurrency.news/articles/34285/the-struggle-for-the-iveagh-market-a-legacy-a-tipping-point-a-dereliction-of-duty/

 

• Developing Dún Laoghaire: A plan in four instalments – Dún Laoghaire Co Council’s new plan to reinvigorate the area aims to turn the smaller, specialist nature of its retail stores to its advantage https://www.businesspost.ie/commercial/developing-dun-laoghaire-a-plan-in-four-instalments-7c0d5bb2

 

• Nuns who ran the Bessborough home in Cork sold part of site for €6.85m https://www.irishtimes.com/news/social-affairs/nuns-who-ran-the-bessborough-home-in-cork-sold-part-of-site-for-6-85m-1.4460685?mode=amp

 

• Galway councillor Mary Hoade has been appointed to a new government advisory looking at regenerating town centres in rural Ireland. https://www.midwestradio.ie/index.php/news/44427-headford-councillor-appointed-to-town-regeneration-advisory-group

 

• ‘This small corner of the world continues to inspire me’ – Ecologist and writer Pádraic Fogarty’s hopes and fears for Connemara  https://m.independent.ie/life/travel/ireland/this-small-corner-of-the-world-continues-to-inspire-me-ecologist-and-writer-padraic-fogartys-hopes-and-fears-for-connemara-39975902.html

 

• Multi-million euro Limerick revitalisation project to start https://www.limerickleader.ie/news/home/604074/multi-million-euro-limerick-revitalisation-project-to-start.html

 

• Limerick receives over €100,000 in funding towards outdoor recreation amenities | Limerick.ie https://www.limerick.ie/council/newsroom/news/limerick-receives-over-eu100000-funding-towards-outdoor-recreation-amenities

 

• New Naas market could be located at historic site in the town https://www.kildarenow.com/news/home/602867/new-naas-market-could-be-located-at-historic-site-in-the-town.html

 

• Former Penneys site ‘an absolute disgrace’ | THE former Penneys site was described as “the elephant in the room” as councillors discussed ambitious plans for Hanover Park at last week’s online meeting of Carlow County Council https://carlow-nationalist.ie/2021/01/17/former-penneys-site-an-absolute-disgrace/

 

• Survey leaves Laois fifth last on best counties in Ireland to live in – Laois Today https://www.laoistoday.ie/2021/01/21/survey-leaves-laois-fifth-last-on-best-counties-in-ireland-to-live-in/

 

• Ministers to fund up to 248 new posts to expand walking and cycling facilities nationwide https://www.gov.ie/en/press-release/4fc46-ministers-to-fund-up-to-248-new-posts-to-expand-walking-and-cycling-facilities-nationwide/

 

• Tender issued for feasibility study on Quiet Man Greenway between Athenry and Milltown  https://galwaybayfm.ie/galway-bay-fm-news-desk/tender-issued-for-feasibility-study-on-quiet-man-greenway-between-athenry-and-milltown/

 

• The woodturner who is a splinter in the thumbs of Ireland’s planners and property developers https://www.irishexaminer.com/news/spotlight/arid-40212290.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*

 

 

 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

• Man (30s) dies in workplace accident in Clare – It’s understood the man was working on a construction project on a local farm when the tragedy occurred. https://www.thejournal.ie/workplace-death-clare-5333097-Jan2021/?amp=1

 

• Question mark hangs over fast-track housing legislation https://www.irishtimes.com/business/construction/question-mark-hangs-over-fast-track-housing-legislation-1.4465628?mode=amp

 

• Government urged on ‘use it or lose it’ law for housing permissions https://www.rte.ie/news/2021/0121/1191226-planning/

 

• Make a fresh start in 2021: A newly built home means a clean slate, but how will the market perform this year? https://www.thetimes.co.uk/article/make-a-fresh-start-in-2021-w6f8qtckk

 

• Reform of Ireland’s planning system ‘very necessary’, says Cork developer Michael O’Flynn: “We have to find ways of speeding up the planning system while giving all the stakeholders a proper say but equally we have to have a system that’s conscious of economic development as well as planning,”  https://www.echolive.ie/corknews/arid-40212017.html?type=amp

 

• Construction industry expected to grow by 15% this year:  While the sector has had a tough start to 2021 with non-essential construction sites currently shut under Level 5 restrictions, Aecom said it expects output this year will ‘significantly exceed’ 2020 levels… https://www.rte.ie/news/business/2021/0119/1190636-construction-industry-expected-to-grow-by-15-this-year/

 

• ‘About 30%’ of construction sites remaining open despite Level 5 shutdown – Some of the biggest FDI sites in the country are open under government exemptions. https://www.thejournal.ie/construction-sector-3-5329355-Jan2021/

 

• HBFI backs building of more than 1,100 homes https://www.thetimes.co.uk/article/hbfi-backs-building-of-more-than-1-100-homes-3p5x5gr96

 

• Planning permission has been quashed for a massive development on part of the RTE campus in Dublin 4 after a judicial review taken by local residents. https://m.independent.ie/business/planning-permission-for-107m-rte-site-quashed-39995277.html

 

• Delays in completion of national children’s hospital ‘exacerbated’ by lack of programme https://www.irishtimes.com/news/health/delays-in-completion-of-national-children-s-hospital-exacerbated-by-lack-of-programme-1.4460705?mode=amp Also: National Children’s Hospital ‘at stalemate’ with nine month delay – Shortall | Newstalk https://www.newstalk.com/news/national-childrens-hospital-at-stalemate-with-nine-month-delay-shortall-1137299

 

• Johnny Ronan has taken the latest step towards fulfilling his ambition of delivering Dublin’s tallest building with an application to An Bord Pleanála to build a 45-storey residential tower. https://www.irishtimes.com/business/commercial-property/johnny-ronan-in-fast-track-bid-to-build-dublin-s-tallest-tower-1.4464555?mode=amp

 

• If we build this Dublin white-water rafting facility for €25m, will they come? https://www.thetimes.co.uk/article/if-we-build-this-dublin-white-water-rafting-facility-for-25m-will-they-come-v2vkwr3pk

 

• State set to be left with a bill of over €15m for Priory Hall reconstruction https://www.irishtimes.com/news/ireland/irish-news/state-set-to-be-left-with-a-bill-of-over-15m-for-priory-hall-reconstruction-1.4462617?mode=amp

 

• Days of three-bed semis in Dublin ‘are over’ as high-density housing plans take hold https://www.irishtimes.com/news/environment/days-of-three-bed-semis-in-dublin-are-over-as-high-density-housing-plans-take-hold-1.4460746?mode=amp

 

• Dublin City Council gives green light to co-living scheme at Kiely’s of Donnybrook https://www.irishtimes.com/business/commercial-property/dublin-city-council-gives-green-light-to-co-living-scheme-at-kiely-s-of-donnybrook-1.4462252?mode=amp

 

• Permission refused for co-living scheme beside Dublin Victorian fruit market https://www.irishtimes.com/business/commercial-property/permission-refused-for-co-living-scheme-beside-dublin-victorian-fruit-market-1.4463377?mode=amp

 

• Apartment block gets green light despite ambassador’s security worries: UK Foreign Office concerned over impact of 13-storey block on Glencairn House https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/economy/apartment-block-gets-green-light-despite-ambassador-s-security-worries-1.4461621?mode=amp

 

• 429-unit apartment development planned for the Citywest area: Cairn Homes has lodged plans for a 429-unit apartment development at Cooldown Commons and Fortunestown in Citywest. https://www.echo.ie/news/article/429-unit-apartment-development-planned-for-the-citywest-area

 

• Offers above €3.75m sought for prime residential opportunity in Killiney: Mount Auburn House comes for sale with full planning for 15 apartments on its grounds https://www.irishtimes.com/business/commercial-property/offers-above-3-75m-sought-for-prime-residential-opportunity-in-killiney-1.4462101?mode=amp

 

• New hotel with 106 bedrooms to be built in East Wall https://www.thetimes.co.uk/article/new-hotel-with-106-bedrooms-to-be-built-in-east-wall-f7kjltcf5

 

• Site sought for new €100m Cork hospital: Plans to have new elective hospital in place by 2024 https://www.irishexaminer.com/property/commercial/arid-40211231.html

 

• House builders outbid as nursing home investors pay €4.75m for ‘best in class’ Cork site: Aperee paid 20% over the price guide for the prime Rochestown site of over seven acres https://www.irishexaminer.com/property/commercial/arid-40211006.html

 

• Blarney Woollen Mills owner appeals rejection of major development:  The plans provide for a new 80-bed hotel, a Lidl, off-licence, café and commercial building with restaurant/deli, shop and hair/beauty salon, together with offices and 70 apartments. https://www.irishexaminer.com/news/arid-40211666.html

 

• UCC School of Music bequeathed €2m by British master builder: The huge sum was donated by the late Sydney V Regan, a British master builder who came to Cork in the 1960s with his wife Hilda. https://www.irishexaminer.com/news/munster/arid-40208837.html

 

• Cork’s Jameson Experience plans major revamp:  The company has been granted planning permission by Cork County Council for the upgrade of two of the blocks at the site. https://www.irishexaminer.com/news/arid-40209203.html?type=amp

 

• Castletownbere: Plans to demolish convent rejected – An Bord Pleanála has rejected an appeal for a plan to demolish the building to make way for an extension to a supermarket car park https://www.irishexaminer.com/property/commercial/arid-40208609.html

 

• Construction set to start on Mitchelstown  Renewable gas facility  https://amp.independent.ie/business/farming/agri-business/construction-set-to-start-on-mitchelstown-renewable-gas-facility-39994288.html

 

• Fears multiple studies on protected species will hinder North Cork developments https://www.irishexaminer.com/news/munster/arid-40211630.html

 

• Contentious plans for Doughiska development appealed to An Bord Pleanala https://www.galwaydaily.com/news/contentious-plans-for-doughiska-development-appealed-to-an-bord-pleanala/

 

• Plans in the works for 345 apartments in Mervue https://www.galwaydaily.com/news/housing/plans-in-the-works-for-345-apartments-in-mervue/

 

• Louth step up drive to build new €12m stadium https://amp.rte.ie/amp/1191396/

 

• The WuXi Construction Campus in Dundalk will remain open during the current lockdown after it was deemed an ‘essential’ site https://amp.independent.ie/regionals/argus/news/wuxi-campus-deemed-essential-construction-39979856.html

 

• German investor to acquire Greystones apartments for €60m: Realis agrees deal with Glenveagh Properties for Marina Village units https://www.irishtimes.com/business/commercial-property/german-investor-to-acquire-greystones-apartments-for-60m-1.4462425?mode=amp

 

• Developer challenges refusal of permission for 64 residential units in Kildare https://www.irishtimes.com/business/construction/developer-challenges-refusal-of-permission-for-64-residential-units-in-kildare-1.4461528?mode=amp

 

• Naas retail premises gets green light for €25k extension  https://www.kildarenow.com/news/home/603641/latest-naas-retail-premises-gets-green-light-for-25k-extension.html

 

• Planning permission submitted for County Carlow windfarm – A decision’s due by March 11 https://kclr96fm.com/planning-permission-submitted-for-county-carlow-windfarm/

 

• Major Donegal property sold to national developer: The guide price for the Ballybofey apartments was €1,450,000 https://www.donegallive.ie/news/news/604231/major-donegal-property-sold-to-national-developer.html

 

• Gavin Whelan appointed Cairn Homes plc Head of Construction https://www.irishbuildingmagazine.ie/2021/01/18/gavin-whelan-appointed-cairn-homes-plc-head-of-construction/

 

• Kilsaran Appointments – Expansion of Leadership Team https://constructionnews.ie/kilsaran-appointments-expansion-of-leadership-team/amp/

 

• Mick Flynn appointed President of the Master Builders & Contractors Association https://www.irishbuildingmagazine.ie/2021/01/21/mick-flynn-appointed-president-of-the-master-builders-contractors-association/

 

• ‘Keeping Dublin humming’ – meet the man keeping the city’s lights on https://m.independent.ie/storyplus/keeping-dublin-humming-meet-the-man-keeping-the-citys-lights-on-39852626.html

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

• Proptech Ireland is updating the database of 2021 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 * 

 

• Calling all Ireland-based proptech, contech or plantech startups with an interest in breaking into the German marketplace… REAL PropTech Pitch Event – Get Involved! https://prop-tech.ie/real-proptech-pitch-event-get-involved/

 

• Youbid.ie appoints Downes as associate director: Division of Limerick estate agent O’Connor Murphy has offered 321 properties for sale in monthly auctions since its May 2020 launch https://www.businesspost.ie/commercial/youbidie-appoints-downes-as-associate-director-

 

• Kilkenny auctioneers DNG Ella Dunphy have enjoyed continued success in recent months selling properties via their online auction platform throughout the lockdown periods. https://www.kilkennypeople.ie/news/home/603995/sold-great-online-success-for-kilkenny-auctioneer-dng-ella-dunphy.html

 

• Housing outlook: Can we build a future with modular homes? https://www.thetimes.co.uk/article/housing-outlook-can-we-build-a-future-with-modular-homes-29s35pkmh

 

• Inside Track: Derek Quinlan hopes to clean up with energy venture https://www.thetimes.co.uk/article/inside-track-derek-quinlan-hopes-to-clean-up-with-energy-venture-72w2686z9

 

• Tech entrepreneur John Nagle, who founded payments company Payzone, is planning a new venture in the west of Ireland – upmarket commercial public toilets. https://amp.independent.ie/business/irish/nagle-flushes-out-new-galway-business-venture-39998698.html

 

• Ireland outlines net metering scheme for solar and renewables: The scheme is now under public consultation and is aimed at enabling citizens, farmers, business owners, and community organizations to sell excess solar power to the grid. https://www.pv-magazine.com/2021/01/21/ireland-outlines-net-metering-scheme-for-solar-and-renewables/

 

• Construction Drone Use Accelerates Toward LiDAR Capabilities https://www.forconstructionpros.com/construction-technology/news/21232450/dronedeploy-construction-drone-use-accelerates-toward-lidar-capabilities

 

• The evolution of Modern Methods of Construction: An in-depth new NHBC Foundation report on how the role of MMC within the housebuilding industry has evolved has just been released  https://www.pbctoday.co.uk/news/modular-construction-news/modern-methods-of-construction-8/87623/

 

• Proptech firm LeadPro buys rival ProVal for undisclosed sum https://thenegotiator.co.uk/proptech-firm-leadpro-buys-rival-proval-for-undisclosed-sum/

 

• PropTech: Challenger portal says it’s now fourth largest https://www.estateagenttoday.co.uk/breaking-news/2021/1/onedome-takes-on-big-three-portals-with-dedicated-new-homes-section?source=newsticker

 

• Proptech strategy is as important as the tech itself | RENX – Real Estate News Exchange https://renx.ca/proptech-strategy-important-technology-platforms/

 

• Buildings, tunnels and bridges could soon repair themselves:  Stone and concrete structures with the ability to heal themselves in a similar way to living organisms when damaged could help to make buildings safer and last longer. https://horizon-magazine.eu/article/buildings-tunnels-and-bridges-could-soon-repair-themselves.html

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• How Covid-19 has led to the biggest shift in home-buying habits since the crash: Covid-19 and its impacts, direct and indirect, have brought a massive about-turn in Irish home-buying behaviour and possibly the greatest change since the crash https://amp.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/how-covid-19-has-led-to-the-biggest-shift-in-home-buying-habits-since-the-crash-39997077.html

 

• Ask the experts: Our panel answer the key questions about the property outlook for 2021 https://m.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/ask-the-experts-our-panel-answer-the-key-questions-about-the-property-outlook-for-2021-40000465.html

 

• Permanent TSB is cutting the cost of fixed-rate mortgages, making its offering the best three-year deal after cashback for those borrowing more than €250,000. The headline rate of 2.8% fixed for three years is higher than KBC Bank and Avant Money (2.35%). https://www.thetimes.co.uk/article/ptsb-fixes-mortgage-deals-with-cashback-sweetener-w6fjltlmc

 

• Irish house prices forecast to rise by 4% as supply struggles to meet demand https://www.irishtimes.com/business/economy/irish-house-prices-set-to-rise-by-4-in-2021-surveyors-say-1.4460558?mode=amp Also: House prices to rise by up to 6pc as more people work from home:  Sixty-two percent of the chartered agents and auctioneers say price increases will be due to lack of supply of new and second-hand homes. https://amp.independent.ie/business/personal-finance/property-mortgages/house-prices-to-rise-by-up-to-6pc-asmore-people-work-from-home-39979530.html

 

• Dublin 6W: Supply expected to match demand in D6W https://m.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/dublin-6w-supply-expected-to-match-demand-in-d6w-39985844.html

 

• Home-hunters get priorities straight in 2021: Pandemic has forced buyers into a rethink https://amp.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/home-hunters-get-priorities-straight-in-2021-39997166.html

 

• Dublin 4: Property shortage helps to keep prices buoyant https://amp.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/dublin-4-property-shortage-helps-to-keep-prices-buoyant-39985794.html

 

• Dublin 20: A tale of two towns as Chapelizod bids soar https://amp.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/dublin-20-a-tale-of-two-towns-as-chapelizod-bids-soar-39985971.html

 

• How much is your house worth in 2021? A guide to finding out how much your house is worth https://m.independent.ie/business/personal-finance/property-mortgages/how-much-is-your-house-worth/how-much-is-your-house-worth-in-2021-39997017.html

 

• House prices fell in a number of Kildare areas over year to last November,  figures indicate a 11% drop in second hand houses in Celbridge https://www.kildarenow.com/news/home/603400/house-prices-fell-in-a-number-of-kildare-areas-over-year-to-last-november-figures-indicate.html

 

• Expats pushing up Irish property prices – Cantillon: Either because of Brexit or Covid, expats have entered the property market in greater numbers https://www.irishtimes.com/business/economy/expats-pushing-up-irish-property-prices-1.4461456?mode=amp

 

• 20,000 tenancies lost as accidental landlords sell up https://www.irishexaminer.com/news/arid-40208831.html

 

• It could be a decade before the housing demands of the Irish population are met https://www.businessworld.ie/property-news/It-could-be-a-decade-before-housing-demands-of-Irish-population-met-575056.html

 

• Dublin 9 student accommodation at €1.5m offers yield of 8% https://www.irishtimes.com/business/commercial-property/dublin-9-student-accommodation-at-1-5m-offers-yield-of-8-1.4457680?mode=amp

 

• Cork County Council spent €91m on housing last year  https://www.echolive.ie/corknews/arid-40209677.html

 

 

• Homeowner using Rent-a-Room scheme had ‘nowhere to turn’ for disputes | Newstalk https://www.newstalk.com/news/homeowner-using-rent-a-room-scheme-had-nowhere-to-turn-when-disputes-arose-1137459

 

• Mansions landlord ordered to pay tenants back more than €20,000 after withholding deposits – Company puts blame on a ‘mass exodus’ from their properties due to the pandemic https://m.independent.ie/irish-news/mansions-landlord-ordered-to-pay-tenants-back-more-than-20000-after-withholding-deposits-39993601.html

 

• Limerick councillors’ concerns about social housing ‘completely ignored’ – mayor https://www.limerickleader.ie/news/home/602373/limerick-councillors-concerns-about-social-housing-completely-ignored-mayor.html

 

• Housing asylum seekers in Ballinamore apartments does not breach planning permission | Ireland | The Times https://www.thetimes.co.uk/article/housing-asylum-seekers-in-ballinamore-apartments-does-not-breach-planning-permission-2g5nzpctg

 

• On the Market: Our pick of the homes on offer this week  https://www.businesspost.ie/residential/on-the-market-our-pick-of-the-homes-on-offer-this-week-22c6921d

 

• Galway auctioneer reports record sales year despite pandemic: O’Donnellan & Joyce boasts a 21 per cent market share in terms of sales volumes over the past 12 months https://www.businesspost.ie/commercial/galway-auctioneer-reports-record-sales-year-despite-pandemic-4a1f3967

 

 

COMMERCIAL PROPERTY NEWS

• Covid causes 30pc drop in Dublin office space lettings:  Estimates for take-up of office space in the Dublin market last year range between 160,000 and 167,700 sq m. Cushman & Wakefield say that the latter figure represents a decline of 30pc on 2019 levels https://amp.independent.ie/business/commercial-property/covid-causes-30pc-drop-in-dublin-office-space-lettings-39993315.html

 

• Cautious optimism for 2021 as uncertainty prevails – In the real estate market, staying ahead of trends will be crucial this year. While local market sentiment and knowledge remain important, data will be king https://www.businesspost.ie/property-insight/hannah-dwyer-cautious-optimism-for-2021-as-uncertainty-prevails-0c9c79e3

 

• Belgian REIT Cofinimmo enters Ireland with €93m healthcare buy https://propertyeu.info/Nieuws/Cofinimmo-enters-Ireland-with-93m-healthcare-buy/e396cdf4-f8c8-4a7f-8afe-997ca5f78f8e

 

• Hammerson collects 31% of rent due at Irish properties as Covid-19 curbs tighten https://www.irishtimes.com/business/commercial-property/hammerson-collects-31-of-rent-due-at-irish-properties-as-covid-19-curbs-tighten-1.4462083?mode=amp

 

• Burlington Real Estate lands new tenant for Dublin 4 offices: ACG Aircraft Leasing signs 15-year lease at the Lumen building on Baggot Street https://www.irishtimes.com/business/commercial-property/burlington-real-estate-lands-new-tenant-for-dublin-4-offices-1.4462210?mode=amp

 

• Eighteen Mayo licenced premises placed on the property market https://www.con-telegraph.ie/2021/01/23/eighteen-mayo-licenced-premises-placed-on-the-property-market/

 

• A 225 acre non-residential tillage outside Rathcoffey was sold by private treaty to an Irish customer in recent weeks. The property was being sold for a number of years by Sherry FitzGerald Country Homes and had a recent guide price of €2m. https://www.kildarenow.com/news/home/603281/one-of-most-photographed-locations-in-kildare-has-been-sold.html

 

 

INTERNATIONAL PROPERTY NEWS

 

• UK construction loses a quarter of its EU-born workforce https://www.constructionnews.co.uk/brexit/uk-construction-loses-a-quarter-of-its-eu-born-workforce-22-01-2021/

 

• IWG plans to close more offices as it takes £160m hit – The world’s largest provider of flexible office space has said it is doubling the scale of its estate rationalisation programme in response to the prolonged pandemic. https://www.thetimes.co.uk/article/iwg-plans-to-close-more-offices-as-it-takes-160m-hit-ngjssk8bc

 

• UK industry perspective: House-building is still the biggest and most profitable sector of the construction industry, but life for the top 20 UK house-builders is getting tougher… https://www.theconstructionindex.co.uk/news/view/house-builders-start-to-struggle

 

• What a post-Brexit UK property investment market could look like: While new obstacles to trade are sure to emerge, Britain’s openness to real estate investors is unlikely to alter. If anything, it will solicit greater investment than before https://www.businesspost.ie/property-insight/david-johnson-what-a-post-brexit-property-investment-market-could-look-like-b2ea9a11

 

• Government announces new construction products regulator https://www.building.co.uk/news/government-announces-new-construction-products-regulator/5109958.article

 

• Property industry marvels at rise of the shed masters: Once upon a time, warehousing was the ugly duckling of property. It has become a swan as the e-commerce surge fuels Amazon, Asos and Ocado — but can it last? https://www.thetimes.co.uk/article/property-industry-marvels-at-rise-of-the-shed-masters-tvmtmd80v

 

• Why ‘businesses not buildings’ hold the key to rethinking the office https://www.pwc.co.uk/issues/real-assets/why–businesses-not-buildings–hold-the-key-to-rethinking-the-of.html

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

Crowd-sourcing answers topical property questions:    

Irish Property Buyers Handbook annuals

 

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/