Sunday Property Round-Up January 30th, 2022

 

Weekly 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: 

 

 

 

 

 

 

 

  • Around 20,000 landlords have left the rental market since 2016, according to Department of Housing officials. There were 320,000 landlords in 2016 and recent figures show there are currently just over 298,000. The news comes as the Government commits to building 24,600 homes this year, including 9,000 social homes, 4,100 affordable purchase and cost rental, as well as 11,500 private rental and private ownership homes. https://m.independent.ie/news/20000-landlords-have-left-rental-market-since-2016-41281211.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/sunday-roundup/ 

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 and podcast, which launched in January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com), returned last month for a fourth season. The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.

 

On Property Matters  on iPropertyRadio this week, Bryan Fox chats to Fine Gael Cllr. Jim O’Leary about the clash between Hammerson and Dun Laoghaire-Rathdown County Council over three-bed apartments. 

Also,  I chat to investor Christina Buckley about investing in Irish property, purchasing through your pension and being a landlord in Ireland.

Watch back: https://youtu.be/pnMQESzBMYs 

 

 *Listen back to this and all shows at: https://ipropertyradio.com  

Email the Property Matters team at info@propertydistrict.ie 

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*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* https://www.youtube.com/watch?v=rdwwKy4MA_4 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

  • Micheál Martin, who officially opened a new Tuath Housing social housing estate in Cork City, said the construction sector had rebounded after Covid, that there are positive signs, and “with a fair wind”, up to 30,000 homes could be delivered this year. https://www.irishexaminer.com/news/arid-40795725.html (pictured) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • More than 800 jobs will be created by Eli Lilly as part of a new €400m investment into Ireland as part of its global expansion. The pharmaceutical giant has announced that the funding will be put into building a new facility in Co Limerick. https://www.irishexaminer.com/news/munster/arid-40795062.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

  • Proptech Ireland is updating the database of 2022 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 * 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

  • The number of new housing units completed in 2021 came to 20,433, according to the latest figures from the Central Statistics Office. That was 0.5% fewer than the 20,526 completed in 2020. There was an increase of just over 30% in the number of apartments built to 5,107. Single dwellings fell by 5.3% to 4,682 while scheme dwellings fell by 8.7% to 10,644. Various experts have estimated the number of new housing units which need to be built every year to match the increase in the population is approximately between 35,000-40,000. Apartments accounted for 25% of the units completed last year, schemes 52.1% and single homes 22.9%.2021 was the first year that more apartments than single homes were completed. https://www.rte.ie/news/business/2022/0127/1276195-new-dwelling-completions/

 

 

 

 

 

 

 

  • A relaxation of limits on a mortgage-to-rent scheme for people at risk of losing their homes has been announced by the Government.  https://amp.rte.ie/amp/1275554/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMMERCIAL PROPERTY NEWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTERNATIONAL PROPERTY NEWS

 

 

 

 

  • Ukrainian architecture practice Makhno Studio has designed a 3D-printed settlement for Mars named Plan C that would encircle the edge of a crater. The concept was developed during coronavirus lockdown when the studio was questioning how underground living could be comfortable if life on Earth’s ground level became difficult. https://www.dezeen.com/2022/01/24/makhno-plan-c-mars-settlement-concept-architecture/ (pictured) 

 

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/

 

 

 

SUNDAY PROPERTY ROUND-UP

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