Sunday Property Round-Up, July 1st 2018

Below are some of the biggest property stories of the week, including construction and proptech.  If you missed last week’s Sunday Property Round-Up, as always, you can catch up here:  https://propertydistrict.ie/sunday-property-round-up-june-24th-2018/

Also, you might let me know if I have missed out on any relevant property news by emailing  carol@caroltallon.com.

Given the fabulously scorching weather this week – and knowing my penchant for upcycling shipping containers – this link was sent to me earlier this week and I just had to share (thanks to Paul O’Reilly)!

“This pool is made from a disused shipping container”  (photo above)

https://www.linkedin.com/feed/update/urn:li:activity:6415041601155932160

 

(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  – If it can be done in New York…

 

How NYC Is Planning Well-Designed Affordable Housing

‘Designing Better Affordable Housing in New York

A city commission has new guidelines for developers, designers, and community members.’

https://www-citylab-com.cdn.ampproject.org/c/s/www.citylab.com/amp/article/562946/

 

 

Also, Vishaan Chakrabarti: How we can design timeless cities for our collective future | TED Talk https://www.ted.com/talks/vishaan_chakrabarti_how_we_can_design_timeless_cities_for_our_collective_future/up-next?utm_campaign=social&utm_medium=referral&utm_source=facebook.com&utm_content=talk&utm_term=art-design

Other Property News

 

 

  • The Q2 2018 Daft House Price Report is now available : http://www.daft.ie/report The headline figures show that despite a shortage of housing stock, the rate of price increases is beginning to slow. Ronan Lyons’ accompanying commentary, which is included in the Sunday Independent today, repeats his warning that we are still building the wrong types of homes in the wrong places i.e. we need to move away from suburban three-bed semis and start building apartment blocks as the norm. As previously discussed here, apartment blocks are more expensive and more capital intensive to develop, this is a huge problem.

 

  • Richard Curran has an interesting take on the housing market in his column today with a piece headed ‘International investors bet billions Government’s housing plan won’t work’. He is referring to Ireland’s emerging build-to-rent (BTR) sector and how it is attracting international capital at a strong rate, which indicates that the market sees continued strong rental demand and yields for the foreseeable future.

 

*A report by Donal Buckley suggests that Glenveagh PLC are ramping up in this direction also, as flagged at their recent AGM – this is noteworthy given that the company has enough land to develop 10,000 homes, with 800 currently under construction across 12 sites. Donal Buckley also has an article in the business sector the Independent stating that ‘Commercial property tipped to bounce back’ with long-term and overseas investors fuelling demand. Also, Ian Guider has a short piece in The Sunday Business Post today quoting John Mulcahy (Glenveagh chairman) as saying that the housing market needs big investors.

 

 

 

 

 

 

  • Cairn Homes sells Dublin city centre development for €101m https://m.independent.ie/business/commercial-property/cairn-homes-sells-dublin-city-centre-development-for-101m-37058988.html

 

 

 

 

 

 

 

 

  • As mentioned last week, the CIF annual Top 50 Contactors list is ready for launch (I was delighted to profile the leaders of many of these businesses for Construction Magazine this month) and will be announced on Tuesday – I will include a link in next week’s Round-Up.

 

 

*The story is expanded by Fearghal O’Connor in the Sunday Independent today as he reports that 17 schools around Ireland have been hit by a wave of insolvencies in the building sector so far.  This follows on from the CIF commentary that I referred to last week highlighting this problem.

 

 

 

 

  • Tom Lyons, writing in The Sunday Business Post today, reports on ‘Claims Nama rejected offer of $90m for Kelleher loan: British property tycoon [Andy Ruhan] makes claim in €1 billion court case Kelleher firm is taking against Nama’, the latest in this long-running and convoluted saga.

 

  • Also, in the SBP, Michael Brennan reports that Galway City Council sold an affordable house at a discounted rate to one of their senior managers back in 20007 who was earning an estimated €60,000 to €80,000. The property is now being used as an investment property.

 

 

Proptech and Construction Innovation

 

  • 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 news@proptech.ie .

 

 

  • What #Proptech Investors are Looking for?The characteristics of funded start-ups include having an ideal revenue model, and the founders being entrepreneurial and having excellent capabilities to prove themselves. Bringing these elements to the table is a good start and understanding that it isn’t only about the technology… http://prop-tech.ie/what-proptech-investors-are-looking-for/

 

 

 

 

 

 

Property Insiders Guide

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) has undergone a rebrand 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.

 

GDPR for Irish Real Estate Businesses

 

Comprehensive Guide to GDPR Compliance for Irish Real Estate Businesses          

https://propertydistrict.ie/comprehensive-guide-to-gdpr-compliance-for-irish-real-estate-businesses/

 

 

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