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:
- Number of homeless people in Ireland dips for first time in seven months https://www.limerickleader.ie/news/national-news/731475/number-of-homeless-people-in-ireland-dips-for-first-time-in-seven-months.html
- Poorly named ‘Housing for All’ won’t mean more new-builds for private buyers: Social housing and cost rental homes will absorb extra numbers of homes typically sold on the open market https://www.businesspost.ie/houses/housing-for-all-wont-mean-more-new-builds-for-private-buyers-fc91b2ca
- Pets are now legal members of the family in Spain, but will Ireland see a similar change? A law has passed in Spain that gives household pets legal status https://www.dublinlive.ie/lifestyle/pets-now-legal-members-family-22880082.amp (no more banning pets from properties!)
- Minister O’Brien launches two new publications to improve quality & quicken delivery of social homes https://www.gov.ie/en/press-release/d7b5c-minister-obrien-launches-two-new-publications-to-improve-quality-quicken-delivery-of-social-homes/
- The Irish state owns 61 per cent of all zoned residential lands in Dublin city, which have the capacity for more than 36,000 homes https://www.businesspost.ie/houses/capacity-for-36000-homes-on-state-owned-lands-in-dublin-97826dc8
- 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
- Tradeshows being organised to promote Irish residential market to institutional investors: Progress report for the Housing for All plan shows the Department of Finance is on course with plans to organise events for institutional investors ‘to communicate policies and encourage sustainable investment in residential accommodation’ https://www.businesspost.ie/houses/tradeshows-being-organised-to-promote-irish-residential-market-to-institutional-investors-d56a72b5
- State has a role in ‘de-risking’ refurb of vacant homes for buyers, committee to be told: Housing committee to be told the costs of dereliction and vacancy in our cities, towns and villages “are very high in societal terms”. https://www.thejournal.ie/vacant-homes-housing-committee-5663436-Jan2022/
- Government’s seven plans to tackle vacant housing are delayed again https://m.independent.ie/irish-news/governments-seven-plans-to-tackle-vacant-housing-are-delayed-again-41282311.html
- Just three councils have dedicated vacant homes officer https://www.irishexaminer.com/news/arid-40795428.html
- David McWilliams: Sinn Féin ‘will change the housing market’: The economist spoke to Cliff Taylor at the Irish Times Winter Nights Festival https://www.irishtimes.com/culture/david-mcwilliams-sinn-f%C3%A9in-will-change-the-housing-market-1.4785266
- Ryan ‘absolutely determined’ to see Poolbeg Incinerator heating thousands of Dublin homes: Government is ‘absolutely determined’ to use the hot water generated by the Poolbeg incinerator to heat homes https://www.newstalk.com/news/ryan-absolutely-determined-to-see-poolbeg-incinerator-heating-thousands-of-dublin-homes-1304040
- SSE says funding big Irish projects ‘harder to justify’ if delays continue: Energy firm says it needs ‘advancecment very soon’ on huge wind project https://m.independent.ie/business/sse-says-funding-big-irish-projects-harder-to-justify-if-delays-continue-41287876.html
- Nama paid €250m to State in December: State agency generated €100m in cash in fourth quarter of last year https://www.irishtimes.com/business/commercial-property/nama-paid-250m-to-state-in-december-1.4786444
- The crisis growing in Irish forests: Bottleneck is hitting house building, slowing supply of timber, forcing many to import it https://www.irishtimes.com/business/energy-and-resources/the-crisis-growing-in-irish-forests-1.4788130
- ByrneWallace LLP has shaken up the leadership of its property group, with Michael Walsh becoming chair of the group and Alison O’Sullivan succeeding him as its head. https://www.irishlegal.com/articles/byrnewallace-shakes-up-leadership-of-property-group
- UK Estate agency apologises for email hack and urges ‘caution’ if transferring funds https://propertyindustryeye.com/estate-agency-apologises-for-email-hack-and-urges-caution-if-transferring-funds/
- WeWork’s ‘grownup in the room’ Sandeep Mathrani predicts office revolution: The first take of the offices start-up ended in tears. Its new boss insists it has matured in time for the flexi-working revolution https://www.thetimes.co.uk/article/wework-work-from-home-office-adam-neumann-b6b66mcbv
- A Fun-Sized Holographic Display Could Become Your Affordable Portal to the Metaverse: No glasses or headsets required. https://interestingengineering.com/a-fun-sized-holographic-display-could-become-your-affordable-portal-to-the-metaverse
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
- ‘Local notability’ of Frank Murphy’s bottling plant is ‘not sufficient to afford it protection from change’: A heritage assessement found it was an austere, functional building with “a single element of architectural composition and delight” https://www.irishexaminer.com/property/developmentconstruction/arid-40794147.html (pictured)
- Snapshots of Dublin’s northside from years gone by: Here we take a look back at snapshots on the streets of Dublin city’s northside from years gone by https://www.dublinlive.ie/news/history/gallery/snapshots-dublins-northside-years-gone-22814230
- Enniskerry planning battles are a microcosm of State’s housing challenges: Crisis won’t be solved without massive construction, but try telling locals they have to sit back and say nothing https://www.irishtimes.com/business/construction/enniskerry-planning-battles-are-a-microcosm-of-state-s-housing-challenges-1.4787248
- At least 40,000 vacant houses could easily be brought back into use if the Government comes up with substantial financial incentives. https://www.irishexaminer.com/news/arid-40792530.html
- Community groups in St Margaret’s have called on the Archdiocese of Dublin and the parish of St Canice’s not to proceed with the proposed sale of their parish hall. https://m.independent.ie/regionals/dublin/fingal/st-margarets-residents-rally-to-try-to-save-their-parish-hall-from-sale-41272241.html
- Malahide community split over permanent pedestrianisation of New Street: The street has been pedestrianised twice over the course of the pandemic to facilitate outdoor dining https://www.dublinlive.ie/news/dublin-news/malahide-community-split-over-permanent-22882284
- Fingletons object to flats next to development land they sold https://www.thetimes.co.uk/article/fingletons-object-to-flats-next-to-development-land-they-sold-9bx7h890v
- Green Party minister opposes rezoning for housing near his home https://www.irishexaminer.com/news/arid-40795968.html
- New multi-purpose sports facility granted planning in Cork commuter town https://www.echolive.ie/corknews/arid-40791531.html
- Coastal communities to be bolstered with €35m investment https://www.irishexaminer.com/news/arid-40791510.html
- Extra funding is considered for Greenway https://m.independent.ie/regionals/sligochampion/news/extra-funding-is-considered-for-greenway-41261759.html
- Gallery: The fascinating history of the Abbey Hotel in Leitrim https://www.leitrimobserver.ie/news/newsletter-leitrimobserver/725093/gallery-the-fascinating-history-of-the-abbey-hotel-in-leitrim.html
- Ambitious plans to ‘twin’ east Donegal with ancient Spanish capital https://www.donegaldaily.com/2022/01/23/ambitious-plans-to-twin-east-donegal-with-ancient-spanish-capital/
*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)
- Potential landmark case? ‘Investor in proposed eight-block development has commenced legal action against several residents and is seeking damages. The action will be closely watched by other developers frustrated by delays in being able to commence building, as well as dozens of individuals who have taken judicial reviews in relation to developments all over Ireland…’ https://thecurrency.news/articles/72136/a-property-investor-is-suing-three-individuals-in-a-row-over-a-e160m-student-accommodation-scheme/
- Time for reality check on State’s capacity to build social housing: Challenge is no longer funding, it’s delivery of largest social housing project https://www.irishtimes.com/business/economy/time-for-reality-check-on-state-s-capacity-to-build-social-housing-1.4782335
- The cost of building: The data behind the 3 dysfunctions of the Irish housing market, and how to fix them: Major new data on housing delivery and costs reveal just how weak supply really is. But to fix the problem, we need to focus on land, the role of public housing and the vexed issue of construction costs. https://thecurrency.news/articles/72066/the-true-cost-of-building-the-data-behind-the-three-dysfunctions-of-the-irish-housing-market-and-how-to-fix-them/
- Covid restrictions push down new housing output: CSO figures show 20,433 homes were completed last year, down 0.5% https://www.irishtimes.com/business/economy/covid-restrictions-push-down-new-housing-output-1.4787082
- Housing starts now back at Celtic Tiger levels: Sherry FitzGerald anticipates sizeable rise in construction output https://www.irishtimes.com/business/economy/housing-starts-now-back-at-celtic-tiger-levels-1.4784728
- IT Sligo initiative to aid promotion of gender balance in the construction sector https://www.leitrimobserver.ie/news/business/726585/it-sligo-initiative-to-aid-promotion-of-gender-balance-in-the-construction-sector.html
- Rising fuel bills prompt Belfast builder’s new approach https://amp.rte.ie/amp/1276286/
- Meet the Irish householders embracing green technology: We talk to the PV/EV early adopters on the highs and lows of the life electric and using sustainable technology in their homes https://www.irishexaminer.com/property/homeandoutdoors/arid-40795959.html
- Legal battle between Government and builders over school to be landmark case: Minister sues WBS alleging negligence in building of Ardgillan school, Balbriggan https://www.irishtimes.com/news/crime-and-law/legal-battle-between-government-and-builders-over-school-to-be-landmark-case-1.4783777 Also: Western Building Systems settle with sub-contractor in school building case https://m.independent.ie/irish-news/education/western-building-systems-settle-with-sub-contractor-in-school-building-case-41276115.html
- Policy supports high-rise tower at Arnotts car park, property firm says: Fitzwilliam Real Estate plans 12-storey build-to-rent scheme in Dublin city centre https://www.irishtimes.com/business/commercial-property/policy-supports-high-rise-tower-at-arnotts-car-park-property-firm-says-1.4784750
- Greystar closing in on €30m deal for south Dublin mansion: US firm aiming to build hundreds of rental apartments at Dalguise House in Monkstown https://www.irishtimes.com/business/commercial-property/greystar-closing-in-on-30m-deal-for-south-dublin-mansion-1.4785580
- Property group clashes with council over Dundrum residential development: Calls for county council to scrap requirements for three-plus bedroom units https://www.irishtimes.com/news/ireland/irish-news/property-group-clashes-with-council-over-dundrum-residential-development-1.4783898
- Strategic land holding in north Dublin guiding at €900,000: Loughshinny site is well-located within short drive of M1 in area of high growth https://www.irishtimes.com/business/commercial-property/strategic-land-holding-in-north-dublin-guiding-at-900-000-1.4784440
- New data centres ‘unlikely’ in Dublin and east, says IDA https://m.independent.ie/business/technology/new-data-centres-unlikely-in-dublin-and-east-says-ida-41280658.html
- A Cork City Shopping Centre set to be demolished and redeveloped https://www.c103.ie/news/c103-news-and-sport/a-cork-city-shopping-centre-set-to-be-demolished-and-redeveloped/
- Objections lodged to 191-unit complex plan in Cork city The proposed build-to-let strategic housing development (SHD) of 191 apartments, overlooking the N20 in Blackpool https://www.echolive.ie/corknews/arid-40794975.html
- An Bord Pleanála is considering a proposal for a strategic housing development in Oranmore, which would involve 101 apartments. https://connachttribune.ie/an-bord-pleanala-considering-proposal-for-strategic-housing-development-in-oranmore/
- Progress on Limerick’s Opera Site following Covid delays: The 3.7 acre “mixed-use” development remains on course to be delivered over a six-year period https://www.irishexaminer.com/business/economy/arid-40792818.html
- 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
- Examiner of an Irish construction firm that is building social housing in Co Limerick has drafted a proposed scheme of arrangement that could see funding secured to complete the houses as well as Estonia-based investors recouping their investment https://m.independent.ie/business/irish/examiner-drafts-deal-to-secure-future-of-social-housing-scheme-in-limerick-41274184.html
- Planning permission for new €10million Monaleen school https://www.limerickpost.ie/2022/01/22/planning-permission-for-new-e10million-monaleen-school/
- Aldi plans for new Limerick store put on hold as more information is sought https://www.limerickleader.ie/news/home/725221/aldi-plans-for-new-limerick-store-put-on-hold-as-more-information-is-sought.html
- Bam wins facility expansion for Bausch + Lomb in Ireland https://www.globalconstructionreview.com/bam-wins-facility-expansion-for-bausch-lomb-in-ireland/
- Five challenges to Meath development plan to be heard by commercial court: Cases will be heard by court dealing with commercial planning and strategic infrastructure matters https://www.irishtimes.com/business/retail-and-services/five-challenges-to-meath-development-plan-to-be-heard-by-commercial-court-1.4784624
- A 46-acre landbank located on the Slane Road between the M1 motorway and Drogheda town centre has just been purchased by what was described by agents Bannon as ‘a local property speculator’. https://m.independent.ie/regionals/louth/news/property-speculator-buys-46-acre-site-on-the-slane-road-41286184.html
- Construction On Multi-Million Midlands Housing Development Could Begin This Autumn https://www.midlands103.com/news/midlands-news/construction-on-e100m-midlands-housing-development-could-begin-this-autumn/
- Athlone IT alumnus plans student campus for Technological University of Shannon: Mark Cunningham has lodged plans for a 283-bedroom campus with An Bord Pleanála https://www.businesspost.ie/commercial/athlone-it-alumnus-plans-student-campus-for-technological-university-of-shannon-75c05c4c
- Plans To Convert Former Night Club Into Apartment Get Green Light https://www.midlands103.com/news/midlands-news/plans-to-convert-former-night-club-into-apartment-get-green-light/
- Large scale two school development confirmed for Tuam https://galwaybayfm.ie/galway-bay-fm-news-desk/large-scale-two-school-development-confirmed-for-tuam/
- Work has started on a new €15 million hotel in Curracloe almost 25 years after planning permission was first sought: Developers William Neville and Sons Construction expect the hotel and golf course to be open by the summer of 2023. https://m.independent.ie/regionals/wexford/news/work-has-started-on-a-new-15-million-hotel-in-curracloe-almost-25-years-after-planning-permission-was-first-sought-41274231.html
- Planning permission granted for 100-job Tullamore plant https://www.offalyexpress.ie/news/tullamore-tribune/727258/planning-permission-granted-for-100-job-tullamore-plant.html
- Court refuses to strike out case against heating system company: Eco-heating and ventilation systems installed in 12 Monaghan homes allegedly ineffective https://www.irishtimes.com/business/construction/court-refuses-to-strike-out-case-against-heating-system-company-1.4787301
- Strata helps to take construction project planning to the next level: Building expert Enda Grimes spotted a gap in the market for a project consultancy and management service and, six years after founding Strata Project Solutions, he hasn’t looked back https://www.businesspost.ie/making-it-work/making-it-work-strata-helps-to-take-construction-project-planning-to-the-next-level-9b82db5e
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 *
- “The future cities will have transport sectors powered predominately by electrification. Electric bikes are already playing a role and are fast becoming one of the most popular modes of urban transport throughout Europe,” Mr Mulryan said. “I fully support Modmo’s vision, and I am excited to contribute to making cities more clean, green, and enjoyable to live in.” https://www.irishtimes.com/business/transport-and-tourism/developer-sean-mulryan-backs-ebike-maker-modmo-with-5m-investment-1.4786380
- Irish entrepreneurs back air monitoring company ZiggyTec: Company raises €2.5m from backers including the founders of One4All and Ergo https://www.irishtimes.com/business/technology/irish-entrepreneurs-back-air-monitoring-company-ziggytec-1.4785458 (pictured)
- Dublin’s Snapfix lands €1.75m to develop building management platform https://www.siliconrepublic.com/start-ups/dublin-snapfix-funding-sator-grove-holdings
- HBAN angels to invest €10M in sustainability start-ups with launch of Impact Syndicate https://www.hban.org/learning-centre/news/hban-angels-to-invest-%E2%82%AC10m-in-sustainability-start-ups-with-launch-of-impact-syndicate
- Limerick council’s CCTV failings brought into sharp focus by DPC probe https://www.irishexaminer.com/news/arid-40791381.html
- Young proptech duo bag £350k to develop lettings platform https://thenegotiator.co.uk/young-proptech-duo-bag-350k-to-develop-lettings-platform/
- Zoopla’s Alto unveils new tenant document sharing product – AIM Group https://aimgroup.com/2022/01/28/zooplas-alto-unveils-new-tenant-document-sharing-product/
- Milan-based startup enters Portugal with €100 million to disrupt way people sell, live and buy homes – Tech.eu https://tech.eu/brief/milan-based-startup-enters-portugal-with-e100-million-to-disrupt-way-people-sell-live-and-buy-homes/
- Zeustra Releases Its Next Generation Data & AI Platform Designed to Futurize Commercial Real Estate – Digital Journal https://www.digitaljournal.com/pr/zeustra-releases-its-next-generation-data-ai-platform-designed-to-futurize-commercial-real-estate
- Major CRE Players Fuel Proptech Funding Boom Aimed At Hybrid, Remote Workers https://www.bisnow.com/national/news/investment/growing-class-of-startups-catering-to-flexible-work-grab-more-and-more-capital-111640
- PropTech boost for agents with Blockchain network in new deal https://www.estateagenttoday.co.uk/breaking-news/2022/1/proptech-boost-for-agents-with-blockchain-platform-in-new-deal?source=newsticker
- First details leak on Project Iris, Google’s next AR headset https://arstechnica.com/gadgets/2022/01/first-details-leak-on-project-iris-googles-next-ar-headset/
- 10 Proptech Lawyers Minting Big Deals and Helping Startups Raise Cash https://www.businessinsider.com/proptech-lawyers-real-estate-law-corporate-mergers-acquisitions-legal-2022-1
- PropTech tool shows buyers detailed fit-out of homes pre-purchase https://www.estateagenttoday.co.uk/breaking-news/2022/1/proptech-tool-shows-buyers-detailed-fit-out-of-homes-pre-purchase?source=newsticker
- How Proptech Boosts Productivity In Commercial Leasing Departments https://www.forbes.com/sites/forbestechcouncil/2022/01/24/how-proptech-boosts-productivity-in-commercial-leasing-departments/
- Wellth Ventures Launches Venture Capital Firm Focused on “Better for You and Your Planet” Consumer Products and Hospitality Focused PropTech https://www.businesswire.com/news/home/20220124005609/en/Wellth-Ventures-Launches-Venture-Capital-Firm-Focused-on-%E2%80%9CBetter-for-You-and-Your-Planet%E2%80%9D-Consumer-Products-and-Hospitality-Focused-PropTech
- IAP Creates a Better LoRaWAN Solution for Smart Buildings https://www.iotforall.com/iap-creates-a-better-lorawan-solution-for-smart-buildings
- IoT in Smart Cities Market To More Than Double By 2026 https://www.environmentalleader.com/2022/01/iot-in-smart-cities-market-to-more-than-double-by-2026-says-marketsandmarkets/
- New 3D-printed foam technology developed to slash concrete use https://www.architectsjournal.co.uk/news/new-3d-printed-foam-technology-developed-to-slash-concrete-use
- Finnish paint brand Teknos has released a range of paints designed to improve resident’s wellbeing by purifying indoor air. https://www.dezeen.com/2022/01/27/teknos-interior-paints-indoor-air-quality/
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/
- Shift to remote working is bumping up regional house prices: People want to move out of Dublin and Leinster to other parts of the country, and it is possible with the shift to remote working. But they need affordable homes to rent and buy https://www.irishexaminer.com/opinion/commentanalysis/arid-40792767.html
- ‘Conveyor belt’ of distressed homes have been offloaded to institutions: Academics claim ‘political tide’ is turning against institutional owners https://m.independent.ie/business/conveyor-belt-of-distressed-homes-have-been-offloaded-to-institutions-41290136.html
- Cork City Council secures funding for 80 new social homes: The application from Cork City Council for €2.043 million was the second-highest amount requested by a council and the only one from Munster https://www.irishexaminer.com/news/munster/arid-40792863.html
- Majority of homes completed next year will not be available to first-time buyers – report: Average price set to increase to €356,307 https://m.independent.ie/business/personal-finance/property-mortgages/majority-of-homes-completed-next-year-will-not-be-available-to-first-time-buyers-report-41270416.html
- 43,500 mortgages were drawn down in Ireland last year – the largest amount in 11 years. https://highlandradio.com/2022/01/26/number-of-mortgage-drawdowns-hit-12-year-high/
- What to expect when applying for a Mortgage in 2022 https://amp.extra.ie/2022/01/24/property/what-to-expect-when-applying-for-a-mortgage-in-2022
- 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/
- New vacant and derelict properties regulations game changer in housing crisis https://www.con-telegraph.ie/2022/01/23/new-vacant-and-derelict-properties-regulations-game-changer-in-housing-crisis/
- Group of apartments in Dublin’s south docklands close to €3m sale https://m.independent.ie/business/commercial-property/group-of-apartments-in-dublins-south-docklands-close-to-3m-sale-41282006.html
- “The most sustainable building is the existing one”: dereliction and the climate crisis https://greennews.ie/dereliction-and-the-climate-crisis-feature/
- A tenant has been awarded compensation of €10,000 over the refusal of his landlords to sign a form to enable him to receive a Housing Assistance Payment. https://www.irishexaminer.com/news/arid-40793598.html
- Teacher, solicitor, tech worker: What kind of home can they buy? While supply remains limited, there are still homes available for a range of budgets https://www.irishtimes.com/life-and-style/homes-and-property/teacher-solicitor-tech-worker-what-kind-of-home-can-they-buy-1.4778418
- Wexford County Council urged to pilot single rural-dwelling housing project https://m.independent.ie/regionals/wexford/news/wexford-county-council-urged-to-pilot-single-rural-dwelling-housing-project-41282234.html
- Electric Ireland Superhomes and the Tipperary connection https://www.tipperarylive.ie/news/business/729588/electric-ireland-superhomes-and-the-tipperary-connection.html
- ‘Home of the Year’ returns with a new judge and 21 inviting spaces: Interior designer Sara Cosgrove is the new judge on board as the RTÉ ratings winner is back for the 2022 series https://www.irishexaminer.com/property/homeandoutdoors/arid-40795767.html
- More space, less stuff and other trends for homes in 2022: Our priorities have changed in the past two years. Here are some key trends to watch https://www.irishtimes.com/life-and-style/homes-and-property/more-space-less-stuff-and-other-trends-for-homes-in-2022-1.4780360
- On the market: your weekly guide to homes for sale around the country: A modern detached family home on 1.5 acres at https://www.businesspost.ie/residential/on-the-market-your-weekly-guide-to-homes-for-sale-around-the-country-d4625724
- WWI military hospital and later as a safe house for Eamon de Valera – €1.6m https://www.businesspost.ie/residential/the-many-and-varied-lives-of-firmount-house-a-georgian-gem-in-co-kildare-355e62f1 (pictured)
COMMERCIAL PROPERTY NEWS
- Spotting the latest trends of a retail market in huge transition: From ghost kitchens to checkout-free stores, the ever-changing retail sector is one to watch in 2022 for the latest in shopping habits https://www.businesspost.ie/commercial/spotting-the-latest-trends-of-a-retail-market-in-huge-transition-acdb0106
- Genie out of the bottle on hybrid office working: There is no turning back the clock to the old office model, with increasing numbers of companies reluctant to take out long leases on office space in favour of using serviced offices and managed offices https://www.businesspost.ie/commercial/genie-out-of-the-bottle-on-hybrid-office-working-cba6b68a
- Remote working: Irish Times readers give their response on returning to the office: Readers gave their opinion on commuting, parenting and staff retention https://www.irishtimes.com/news/ireland/irish-news/remote-working-irish-times-readers-give-their-response-on-returning-to-the-office-1.4788141
- Iput adapts office model to lure business from high-growth firms: Dublin’s largest office landlord enters the market for flexible workspace solutions https://www.irishtimes.com/business/commercial-property/iput-adapts-office-model-to-lure-business-from-high-growth-firms-1.4787398
- Fully let office block in Dublin’s booming south docklands for €9.25m: Sale of Grain Store offers buyer immediate rental income from strong tenant covenant https://www.irishtimes.com/business/commercial-property/fully-let-office-block-in-dublin-s-booming-south-docklands-for-9-25m-1.4784525
- Old Sugar Co HQ on sale for a tasty €50m https://www.thetimes.co.uk/article/old-sugar-co-hq-on-sale-for-a-tasty-50m-m7bn7753k
- Valorem and Revelate secure two tenants for Liberties office scheme: Banach Technology and Infineon sign for penthouse and fourth floor at Eight Building https://www.irishtimes.com/business/commercial-property/valorem-and-revelate-secure-two-tenants-for-liberties-office-scheme-1.4784569
- Tesco Ireland will invest €5 million and create 60 new jobs with the opening of its new store at White Pines, Rathfarnham, Dublin next month. https://www.breakingnews.ie/business/tesco-to-invest-e5m-in-new-dublin-store-create-60-new-jobs-1247641.html
- Earnings upgrade at Dundrum Town Centre owner Hammerson: Goodbody reiterates ‘buy’ recommendation as property giant says 2021 finished strongly https://www.irishtimes.com/business/commercial-property/earnings-upgrade-at-dundrum-town-centre-owner-hammerson-1.4787031
- Press Up’s 36th Irish restaurant is a 154-seat Chinese: Mama Yo is the latest dining venue from the group and its first new launch in a year https://www.irishtimes.com/life-and-style/food-and-drink/press-up-s-36th-irish-restaurant-is-a-154-seat-chinese-1.4786399
- Clonskeagh petrol station sells for €3.4m to private Irish investor: Applegreen occupies Clonskeagh Road outlet on 21-year lease at annual rent of €247,500 https://www.irishtimes.com/business/commercial-property/clonskeagh-petrol-station-sells-for-3-4m-to-private-irish-investor-1.4784598
- Council concerns delay Penneys expansion plans in Cork city: Cork City Council said the retailer hasn’t yet sufficiently addressed the concerns it has regarding the impact on the built heritage in the area https://www.irishexaminer.com/property/commercial/arid-40793181.html
- Danish homestore chain Jysk will open new Cork store next week: It’s their second store in Cork, creating 15 jobs https://www.corkbeo.ie/news/local-news/danish-homestore-chain-jysk-open-22903739
- Popular Galway City clothing store announces closure https://www.galwaydaily.com/life-style/clothes/popular-galway-city-clothing-store-announces-closure/
- Dereliction case against owner of Waterford hotels concludes : The case concerned Tramore’s Grand Hotel, which is located in the centre of the seaside town but has lain empty since 2014 https://www.irishexaminer.com/news/munster/arid-40792392.html
- Longford warehouse primed for data centre and logistics use seeks occupier: Mashup Group to set rents at €4-€5 per sq ft at scheme on 75 acres https://www.irishtimes.com/business/commercial-property/longford-warehouse-primed-for-data-centre-and-logistics-use-seeks-occupier-1.4784452
- Former bank premises for sale in Athboy https://www.anglocelt.ie/2022/01/23/former-bank-premises-for-sale-in-athboy/
- Pub Properties In Counties Offaly And Mayo Hit The Market https://www.hospitalityireland.com/amp/pub-bar-nightclub/pub-properties-in-counties-offaly-and-mayo-hit-the-market-160890
- Irish Aparthotel Operator Staycity Announces Refurbishment Of Parisian Property https://www.hospitalityireland.com/amp/hotel/irish-aparthotel-operator-staycity-announces-refurbishment-of-paris-property-161093
- Firm paid €7.7m to operate three DP centres under contract that contravened procurement law https://www.irishexaminer.com/news/arid-40794417.html
- Staycation frenzy spurs Center Parcs owner to prepare £4bn sale: Brookfield Property Partners has started hiring advisers to prepare one of Britain’s best-known leisure brands for a multibillion pound sale https://news.sky.com/story/amp/staycation-frenzy-spurs-center-parcs-owner-to-prepare-4bn-sale-12527982
INTERNATIONAL PROPERTY NEWS
- UK House Prices – Latest News https://www.forbes.com/uk/advisor/personal-finance/2022/01/27/house-prices-updates/?amp=1
- Industry analyst questions ‘viability’ of online agency model as UK market share falls https://propertyindustryeye.com/industry-analyst-questions-viability-of-online-estate-agency-model-as-market-share-falls/
- 86% of UK builders call for industry to be licensed, says FMB NI https://www.fmb.org.uk/resource/86-of-builders-call-for-industry-to-be-licensed-says-fmb-ni.html
- 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/