Weekly Irish property market news and insights – for the industry, by the industry
@ipropertyradio This summer the iPropertyRadio team are rolling out an exciting initiative, challenging the technies to disconnect. We are calling it #WildWednesday! The idea js for the team to take time – individually or together – to get back into the wild, exploring some of Irelands lessor known areas #ipropertyradio #placeengage #propertydistrict #irishrealestatenews #boat #walk #hike #swimming #standuppaddleboard #wildatlanticway #ireland ♬ Feels Like Summer – Samuel Jack
#WildWednesday *The Property District offices in Dublin and Galway will close on Wednesdays for July and August. Phones will be off and emails paused for 24 hours while our team members take time to explore Ireland and reconnect with the creative and restorative power of nature.
It has been a busy few years and Property District has experienced exciting growth since the Covid-19 pandemic, for which we are hugely grateful – thank you to the industry for your continuing support. We pride ourselves on being the most prolific communications and content agency for Ireland’s built environment, contributing to so many of the stories making news across the industry on a daily and weekly basis.
But is it not enough for us to be the busiest or the most productive, we need to be the best creatively.
We work with some of Ireland’s most inspiring property developers and their funders, some world-class construction and specialist contractors, and with some of the most innovative proptech and contech teams transforming real estate right now – not to mention our work with the estate agencies that are leading much of this industry change. Our clients inspire us and challenge us to be better – we need to rise to this challenge, not by doing more but by doing better.
At Property District, what makes us different is our strategic approach to tackling some of the most ingrained industry challenges. We are constantly finding new ways of doing this and where better to be inspired than in the landscape our clients are aiming to sustainably enhance and protect for the enjoyment and livelihood of generations to come.
We need a touch of wildness in our lives – if you do too, learn more here: https://propertydistrict.ie/wildwednesday-challenging-techies-to-disconnect-and-creatives-to-reconnect/
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:
- HELP NEEDED: ‘Quarter of Dublin homeless charity’s beds occupied by taxi drivers, retail staff and tradespeople, including van drivers and lorry drivers, scaffolders, electricians and construction workers’ – This is entirely unacceptable at a time of severe labour shortages in the construction industry – what can WE (collectively) do about this? Single men are most at risk, particularly following relationship breakdown. Please email carol@propertydistrict.ie to discuss ideas and supports: https://www.dublinlive.ie/news/dublin-news/quarter-dublin-homeless-charitys-beds-27223215
- Former An Bord Pleanála deputy chair Paul Hyde jailed for two months: Judge describes openness and accountability as ‘pillars of democracy’ as architect sentenced for failing to fully declare interests https://www.irishtimes.com/crime-law/courts/2023/06/30/former-an-bord-pleanala-deputy-chair-paul-hyde-jailed-for-two-months/
- ESRI downgrades substantially its outlook for growth in GDP terms for the Irish economy, but it says the underlying position of economy is still very strong. ESRI says the domestic economy is expected to experience strong growth both this year and next https://www.rte.ie/news/business/2023/0629/1391663-esri-downgrades-gdp-growth-outlook-for-irish-economy/
- Property asking prices down amid shift in market conditions – Daft.ie https://www.irishtimes.com/business/2023/06/26/property-asking-prices-down-amid-shift-in-market-conditions-daftie/
- New Construction Data: Dublin overtaken by Munich as EUs most expensive city to build in https://www.irishrealestate.news/new-construction-data-dublin-overtaken-by-munich-as-eus-most-expensive-city-to-build-in/
- Ireland’s construction sector is expected to expand this year, overcoming worsening project financing conditions as the Republic proves “more resilient” than many of its counterparts, a report by consultancy Turner & Townsend has indicated. The report says Dublin is the second most expensive city in Europe in which to build. https://www.irishtimes.com/business/2023/06/26/property-asking-prices-down-amid-shift-in-market-conditions-daftie/
- KPMG advocates suite of tax reforms to address State’s housing challenge: Big Four accounting firm says a reduction in VAT on new homes could boost viability and reduce end-prices for buyers https://www.irishtimes.com/business/2023/06/30/kpmg-advocates-suite-of-tax-reforms-to-address-states-housing-challenge/
- Property developer gives residents of two South Dublin estates €3m https://www.thetimes.co.uk/article/property-developer-gives-residents-two-south-dublin-estates-3m-65r8n9vm7
- Wealthy Irish investors wiped out as Austrian bank buys mortgage company; Business received more than €3.65m in investment from number of high-net-worth individuals https://www.irishtimes.com/business/2023/06/30/wealthy-irish-investors-wiped-out-as-austrian-bank-buys-mortgage-company/
- Tenants who pay rent to a landlord based outside Ireland will have to supply information on their landlords and their rental income under a new online system being launched by Revenue on July 1. https://www.rte.ie/news/business/2023/0628/1391571-revenue-require-info-from-tenants-on-overseas-landlords/
- Homeless mother takes High Court case after council defers her housing application https://m.independent.ie/irish-news/homeless-mother-takes-high-court-case-after-council-defers-her-housing-application/a2000123439.html
- Minister McEntee welcomes the passage of Bill giving effect to major insurance reforms https://www.gov.ie/en/press-release/6b16c-minister-mcentee-welcomes-the-passage-of-bill-giving-effect-to-major-insurance-reforms/
- Tributes have been paid to well known GAA player Denis Kealy who died in a road collision in Co Meath on Saturday. The Rathbeggan-based founder and owner of the Keamc construction company was involved in a single car collision at Dunboyne last weekend ttps://m.independent.ie/irish-news/tributes-to-building-company-boss-and-former-gaa-player-who-died-in-meath-road-collision/a911677426.html
- Budget 2024: Economists and financial policymakers call for restraint – The main question about this year’s budget is whether the government will stick to its own rule and limit annual spending growth to 5 per cent https://www.businesspost.ie/article/budget-2024-economists-and-financial-policymakers-call-for-restraint/
- Ireland to cut AIB stake below 50% in latest share sale https://www.reuters.com/business/finance/ireland-cut-aib-stake-below-50-latest-share-sale-2023-06-27/
- Heavier regulation of fintechs like Revolut needed, union boss says: Financial Services Union warns there should be more oversight of emerging firms in the financial technology sector as some regulators express concerns about their activities and company culture https://www.businesspost.ie/article/heavier-regulation-of-fintechs-like-revolut-needed-union-boss-says/
- What are the key challenges when attracting new investment here? https://www.irishtimes.com/podcasts/inside-business/what-are-the-key-challenges-when-attracting-new-investment-here/
- Cork woman quoted €468,000 to build a house decides to do it herself for €200,000 https://www.echolive.ie/wow/arid-41166454.html
- Tradesman who sued over serious facial injuries was ‘author of his own misfortune’, rules judge; Judge ruled car dealer not liable over ladder that ‘went from under’ Brendan Blake (69) https://www.irishtimes.com/crime-law/courts/2023/06/29/tradesman-who-sued-over-serious-facial-injuries-was-author-of-his-own-misfortune-rules-judge/
- The former financial controller of a major New York construction company founded by Kerry siblings has been sentenced to jail for his role in a payroll scheme that defrauded unions of funds intended for the benefit of union workers. https://www.irishexaminer.com/news/arid-41171971.html
- BlackRock CEO Larry Fink, who faced intense backlash for championing ESG, says he’s ‘ashamed’ the topic has become politicized https://fortune.com/2023/06/26/blackrock-ceo-larry-fink-esg-political-crossfire-ashamed/
- Industry advocacy: We don’t normally share memes or platitudes etc on our social media channels, however, we posted the image below this week as it really hit on our core ethos as a provider to Ireland’s construction and real estate sectors at a time of chronically poor policy-making. And it clearly hit a nerve with the people who ensure our content achieves in excess of 700,000 digital impressions every month: Surround yourself with people who fight for you in rooms you aren’t in – to us, this is the very crux of positive industry influence, advocacy and impact. It defines and dictates our work through Property District, Proptech Ireland, MMC Ireland, and most recently, Construction Ireland.
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
We are excited to share the growth of iPropertyRadio! What started as #PropertyMatters, a 60-minute weekly show on Dublin South FM 93.9FM over 4 years ago, has now evolved into a global online station for the best construction, urban planning, property and proptech content. Check out our website, iPropertyRadio.com, brought to you by Hear Me Roar Media for live and recorded access to all the week’s built environment news.
Want to have your industry podcast included or be a guest on our shows? Reach out to us at hello@ipropertyradio.com. Last year, we hit a massive 7.5 million digital impressions across our brands and this figure is growing – Q4 2022/Q1 2023 we now have an average of 765,876 digital impressions each month, not including radio listenership and website visits. Huge thanks to all of you for your continued support!
Be sure to subscribe to the podcast and check out all of the other real estate and construction shows on https://ipropertyradio.com/shows/
This week on iPropertyRadio…
#Property Roundup
This week on #PropertyRoundup, we chat to Sean Corbett QFA, Mortgage Sales Director with Mortgage123.ie. Sean talks about helping home buyers and an increasing number of buy-to-let investors to navigate Ireland’s shrinking mortgage market at a time of rising interest rates. He explains some of the key differences between the four lenders in the marketplace, including who assumes promotions for civil servants and who goes that extra mile for the self-employed!
Sean also talks about properties that are simply not mortgageable.
*Property Roundup is sponsored by Ireland’s Property District, your industry communications partner:
Watch/ listen back: https://ipropertyradio.com/property-matters/
#Proptech Hot Seat
In the iPropertyRadio.com Proptech Hot Seat with host Carol Tallon this week is Kyle Spencer and David Blumenfeld, Co-Founders of NextRivet. NextRivet’s focus on digital innovation opportunities, supported by an expansive network of solutions, makes them an ideal source of consultation for the real estate innovation space. Kyle and David talk through how they assist corporations bridge the gap between physical and digital processes by turning theoretical innovation concepts into tangible, results-driven initiatives. They discuss who their customers are and what problems they are helping to solve. Listen back to the full interview to hear the long term vision for NextRivet! Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders.
Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/
#BreakingGround
*The State of Irish Planning 2023*
This week on #BreakingGround on iProperty Radio, I chat to Seán O’Leary MIPI, Senior Planner with the Irish Planning Institute about the current state of planning in Ireland.
Sean gave us an overview of planning right now and an update on the planning reform proposed. We discuss the reputational challenges facing the sector, in light of recent controversy, and ways to make a career in planning more attractive to the next generation of talent.
Also, read Sean’s recent opinion piece on ‘Go Away Money’ in the Irish Independent: https://m.independent.ie/opinion/letters/letters-normalising-go-away-money-creates-whiff-of-sulphur-around-what-should-be-open-process/a1976090724.html, which is all the more relevant in light of the following news published by The Sunday Times (Irish edition) today: ‘Property developer gives residents of two South Dublin estates €3m’ https://www.thetimes.co.uk/article/property-developer-gives-residents-two-south-dublin-estates-3m-65r8n9vm7
*Breaking Ground is sponsored by PLACEengage – Your Virtual Town Hall, a data-driven platform for more successful public consultation and community engagement for your next development project
Watch back and listen back: https://ipropertyradio.com/breaking-ground/
Watch back and listen back to all shows at: https://ipropertyradio.com/shows/
Produced by Hear Me Roar Media https://hearmeroarmedia.com/
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT
- How to engage the community in placemaking in 2023 | PLACEengage https://placeengage.com/how-to-engage-the-community-in-placemaking-in-2023/
- Public Consultation – Review of the Private Residential Rental Sector https://www.gov.ie/en/consultation/ea0ea-public-consultation-review-of-the-private-residential-rental-sector/
- Government approves €104m for long-awaited social housing scheme in Dublin: Total of 853 housing units will be developed at a site on Oscar Traynor Road in Coolock https://www.irishtimes.com/ireland/housing-planning/2023/06/28/government-approves-104-million-for-long-awaited-social-housing-scheme-in-dublin/
- Residents object to proposed sound barrier at Portobello Wetherspoons ‘taller than Berlin Wall’: The UK pub giant is proposing the sound barrier to allow it to re-open its beer garden after residents made noise complaints. https://www.thejournal.ie/sound-barrier-wetherspoons-objection-6103786-Jun2023/ Also: Wetherspoon’s Keavan’s Port hotel and pub faces planning battle to reopen city beer garden over anti-social behaviour: Neighbours near Camden Street premises in Dublin object due to anti-social activity and noise nuisance https://m.independent.ie/irish-news/wetherspoons-keavans-port-hotel-and-pub-faces-planning-battle-to-reopen-city-beer-garden-over-anti-social-behaviour/a509689371.html
- Local opposition halts plan for 30-bed guesthouse extension to Dalkey pub: A number of appeals have been lodged with An Bord Pleanála against the decision to grant planning permission for the development at the rear of Queen’s Pub on Castle Street, Dalkey https://www.irishtimes.com/ireland/dublin/2023/06/27/plans-to-develop-30-bed-guesthouse-extension-to-dalkey-pub-on-hold-following-local-opposition/
- New park in Dublin city wins prestigious international landscape award https://www.breakingnews.ie/ireland/new-park-in-dublin-city-wins-prestigious-international-landscape-award-1494993.html
- Census shows Cork has highest proportion of residents living in their county of birth https://www.irishexaminer.com/news/arid-41172949.html
- Schull homes for senior citizens | Southern Star https://www.southernstar.ie/news/schull-homes-for-senior-citizens-4265996
- The new chairman of Galway County Council has voiced his frustration that the 115-acre old Galway Airport in Carnmore – purchased ten years ago ‘for a song’ – still remains idle without a plan for the future. https://connachttribune.ie/frustration-as-airport-site-remains-idle-a-decade-on/
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Sceirde Rocks Windfarm to create €70 million Community Benefit Fund https://connachttribune.ie/
sceirde-rocks-windfarm-to- create-e70-million-community- benefit-fund/
- Game changing greenway linking Galway to Dublin kicks off as first path laid: It’s the first 2km of the 277km track https://www.galwaybeo.ie/news/galway-news/game-changing-greenway-linking-galway-8556456
- CSO reveals Tuam is Galway’s largest town with a population nearing 10,000 https://connachttribune.ie/cso-reveals-tuam-is-galways-largest-town-with-a-population-nearing-10000/
- Pre-application consultation opened on windfarm in North Galway https://connachttribune.ie/pre-application-consultation-opened-on-windfarm-in-north-galway/
- Limerick community is determined to end ‘cycle of decline’ https://www.ireland-live.ie/news/limerick-live/1232950/limerick-community-is-determined-to-end-cycle-of-decline.html
- Forbes say trip to Limerick is a learning experience https://www.live95fm.ie/news/live95-news/forbes-say-trip-to-limerick-is-a-learning-experience/
- Business group calls for regional airports to be prioritised over expansions in Dublin: Limerick Chamber wants airports like Cork and Shannon included in the Regional Airport Programme to increase investment and support the introduction of business routes to Northern Europe https://www.irishexaminer.com/business/companies/arid-41171299.html
- Kerry and Limerick unite to promote tourism and economic benefits of county greenways https://m.independent.ie/regionals/kerry/north-west-kerry-news/kerry-and-limerick-unite-to-promote-tourism-and-economic-benefits-of-county-greenways/a312889904.html
- Dublin still a dirty old town but Dundalk worst in litter survey https://m.independent.ie/irish-news/dublin-still-a-dirty-old-town-but-dundalk-worst-in-litter-survey/a1042744073.html
- Emerald Park reveals designs of two new rollercoasters https://www.breakingnews.ie/amp/ireland/emerald-park-reveal-designs-of-two-new-rollercoasters-1494558.html
- Laois planners may soon look more kindly on approving log cabins, after unified calls by councillors in light of the housing shortage. The cheap, rapid build semi-permanent timber homes are being approved in Laois but only in low visibility locations. https://www.leinsterexpress.ie/news/property/1235511/things-have-changed-warmer-laois-welcome-for-log-cabins.html
- New Laois Heritage Officer looks for communities to get involved in Heritage Week 2023 https://www.laoistoday.ie/2023/06/29/new-laois-heritage-officer-looks-for-communities-to-get-involved-in-heritage-week-2023/
- Delay to build Ukraine housing estate in Laois town https://www.leinsterexpress.ie/news/property/1233710/delay-to-build-ukraine-housing-estate-in-laois-town.html
- Leitrim auctioneer believes focus on vacant properties in towns vital https://www.shannonside.ie/news/leitrim-auctioneer-believes-focus-on-vacant-properties-in-towns-vital-225924
- Ennis town centre set for €11.5m facelift: It will include “significant” improvements to the streetscape of O’Connell Square, O’Connell St, High St, Bank Place, Old Barrack St, and Barrack Square https://www.irishexaminer.com/news/munster/arid-41174584.html
- Dingle has oldest citizens in State as youth ‘priced out’ of scenic tourist town https://extra.ie/2023/07/01/news/dingle-oldest-state
CONSTRUCTION, MMC & DEVELOPMENT NEWS
- Transport infrastructure chief names ten road projects stalled by Ryan: Committee hears conditions set down by minister mean TII cannot move projects to construction stage https://www.businesspost.ie/article/transport-infrastructure-chief-names-ten-road-projects-stalled-by-ryan/
- Rampant inflation in building costs puts sports projects on hold https://m.independent.ie/irish-news/rampant-inflation-in-building-costs-puts-sports-projects-on-hold/a217524780.html
- Dublin is the 19th most expensive global city in which to build – Turner & Townsend report https://constructionnews.ie/turner-and-townsend-icms-june/
- Produced by Irish building magazine and Linesight the ‘Top 50 league table of Irish main and specialist contractors’ revealed that an impressive 86% of the Top 50 experienced an increase in turnover in 2022, up by 18% from 2021 to €13.75 billion in 2022 https://irishbuildingmagazine.ie/2023/06/28/86-of-irelands-top-50-contractors-recorded-increase-in-2022-turnover/
- Dublin Building Costs Second Highest In EU, But Industry Remains Resilient https://www.bisnow.com/dublin/news/construction-development/dublin-building-costs-second-highest-in-eu-but-industry-remains-resilient-119547
- Employers in sectors including hotels and catering, childcare and construction are expected to lobby hard for looser visa rules as the Government opens up a review of employment permits https://m.independent.ie/business/visa-review-set-to-see-pressure-from-employers-for-more-workers-from-overseas-with-unemployment-at-a-record-low/a1920157903.html
- Closing the skills gap: New online courses for the Irish construction industry – As the demand for flexible and accessible learning continues to grow, Ireland has witnessed a revolution in professional development https://m.independent.ie/storyplus/closing-the-skills-gap-new-online-courses-for-the-irish-construction-industry/a1782268140.html
- The Court of Justice of the European Union has issued its judgement in the case of C-444/21 EU Commission v Ireland – 2021/03933, known as the Measures Case. The case concerns the implementation of the Habitats Directive, transposed in Ireland via S.I. No. 477/2011 – European Communities (Birds and Natural Habitats) Regulations 2011. The Directive requires Ireland to identify a network of sites (Natura 2000 sites) where important or endangered animal or plant species, or certain rare or vulnerable habitat types are present to a degree that is significant at a European level. https://www.gov.ie/en/press-release/2aa56-judgement-issued-by-cjeu-on-case-c-44421-eu-commission-v-ireland/
- Ireland €2.3bn Timber Industry: Making the most of Ireland’s fastest-growing natural resource – we currently export around 50pc of this to the UK and produce enough construction timber to build over one million homes in the next 15 years https://m.independent.ie/business/irish/timber-making-the-most-of-irelands-fastest-growing-natural-resource/a1495754759.html
- Engineers are choosing Grant to design and specify new-build heating solutions https://www.engineersireland.ie/Engineers-Journal/More/Sponsored/engineers-are-choosing-grant-to-design-and-specify-new-build-heating-solutions
- Former deputy chair of An Bord Pleanála pleads guilty to two breaches of planning laws: Mr Hyde appeared at Skibbereen District Court where Judge was told that he was pleading guilty to two breaches of Section 147 of the Planning and Development Act. https://www.echolive.ie/corknews/arid-41171632.html
- Experts investigate €600m extra claims by new children’s hospital builder https://m.independent.ie/irish-news/experts-investigate-600m-extra-claims-by-new-childrens-hospital-builder/a677858821.html
- Nama sells remaining glass bottle site stake to Oaktree and Johnny Ronan: Construction on the site commenced in May to deliver the first phase of 570 new homes https://www.irishtimes.com/business/2023/06/30/nama-sells-remaining-glass-bottle-site-stake-to-oaktree-and-johnny-ronan/ Also- Political backlash: Government accused of ‘inaction’ after Nama sells last Glass Bottle site stake https://www.businesspost.ie/article/government-accused-of-inaction-after-nama-sells-last-glass-bottle-site-stake/
- A legal row has broken out between Johnny Ronan’s Ronan Group Real Estate (RGRE) and Fortress Investment Group, its former co-investor in €1 billion worth of commercial property projects https://www.thetimes.co.uk/article/ronan-squares-up-fortress-over-fibonacci-square-bhwj2skk5
- Johnny Ronan firm gets green light for Cherrywood apartments: Developer plans 481 build-to-rent flats in south Dublin https://www.irishtimes.com/business/2023/06/27/johnny-ronan-firm-gets-green-light-for-cherrywood-apartments/
- Aviator McEvaddy hangs tough on Dublin airport land deal: He hopes to jet off with €210m for his site — but will DAA bite? https://www.thetimes.co.uk/article/aviator-mcevaddy-hangs-tough-dublin-airport-land-deal-kxkzl6vjt Also: European airport operators have expressed interest in purchasing Dublin Airport lands: JLL says 30 potential buyers have enquired about strategic strip of land valued at €200 million, including operators from Europe, America and the Middle East https://www.businesspost.ie/article/agent-claims-european-airport-operators-have-expressed-interest-in-purchasing-dublin-airport-lands/
- Jamie Rohan, managing director of the family-owned property group Rohan Holdings, has picked up a prime bit of Ailesbury Road. https://www.thetimes.co.uk/article/ian-madigan-tackles-blockchain-game-comment-ulster-rugby-2df737cw9
- Marlet raises €25m for student accommodation in Stoneybatter https://m.independent.ie/business/commercial-property/marlet-raises-25m-for-student-accommodation-in-stoneybatter/a1926169805.html
- Works to save historic Kilmainham Mill completed at €1.7m https://m.independent.ie/regionals/dublin/dublin-news/works-to-save-historic-kilmainham-mill-completed-at-17m/a981500851.html
- Exceptional residential development opportunity with FPP in Blackrock: The site of approximately 9.86 acres benefits from full planning permission for almost 300 dwellings https://www.businesspost.ie/property/exceptional-residential-development-opportunity-with-fpp-in-blackrock/
- Once-off opportunity to transform Cork – Exciting times are ahead for Cork’s docklands and the whole city and it is important to get such opportunities right first time https://www.irishexaminer.com/opinion/ourview/arid-41173354.html
- Exciting development news for Cork City: Cork developer buys site with plans for 275 homes – Bishopstown scheme has overall project value of €123.6m https://www.irishtimes.com/business/2023/06/25/cork-developer-buys-site-with-plans-for-275-homes/ Also: Our goal is to create a thriving community’: €123m development under way: Bridgewater Homes, based in Douglas, recently announced the acquisition of a highly sought-after site at Waterfall Rd, Bishopstown https://www.echolive.ie/corknews/arid-41171170.html
- Plans for A&E extension at CUH appealed to An Bord Pleanála: Plans attracted numerous observations and submissions at the Cork City Council planning stage, from local residents and state bodies such as the Irish Aviation Authority (IAA), and Irish Water. https://www.echolive.ie/corknews/arid-41173441.html
- €3.7 billion Etex launches new offsite construction brand, incorporating Tipperary company, Horizon Offsite https://www.irishrealestate.news/etex-group-launches-new-offsite-construction-brand/
- Green light for major new building project at University of Galway https://www.galwaydaily.com/news/green-light-for-major-new-building-project-at-university-of-galway/
- Self catering Galway city hotel coming despite initial Bord Pleanala refusal – One of the first of its kind in Galway https://www.galwaybeo.ie/news/ireland-news/self-catering-galway-city-hotel-8544331
- Plans approved for commercial and residential development around Seapoint casino https://www.galwaydaily.com/news/plans-approved-for-commercial-and-residential-development-around-seapoint-casino/
- New Galway housing ‘duplex’ to be built as council gives green light but with 22 conditions: The plans face a laundry list of stipulations https://www.galwaybeo.ie/news/galway-news/new-galway-housing-duplex-built-8567127
- Appeal to An Bord Pleanala over planned re-opening of old quarry on outskirts of Tuam https://galwaybayfm.ie/galway-bay-fm-news-desk/appeal-to-an-bord-pleanala-over-planned-re-opening-of-old-quarry-on-outskirts-of-tuam/
- Fourteen ‘rapid-build’ houses to be constructed in Limerick estate https://www.limerickleader.ie/news/home/1233257/fourteen-rapid-build-houses-to-be-constructed-in-limerick-estate.html
- Permission granted for huge new housing development in Kilkenny City https://www.kilkennypeople.ie/news/kilkenny-city/1235827/breaking-permission-granted-for-huge-new-housing-development-in-kilkenny-city.html
- Court overturns An Bord Pleanála’s rejection of 64-home scheme in Co Kildare: Keshmore Homes should have been given opportunity to make submissions on ‘significant’ change to development plan https://www.irishtimes.com/business/2023/06/30/court-overturns-an-bord-pleanalas-rejection-of-64-home-scheme-in-co-kildare/
- Local engineer’s challenge stalls Supermac’s motorway plaza plan for Ennis: Michael Duffy said that there is an “environmental issue” relating to how the Pat McDonagh application plans to deal with its waste water https://www.irishexaminer.com/news/munster/arid-41172388.html
- McKillen Jr firm to appeal rejection of plans for Wicklow resort and surf school https://www.breakingnews.ie/amp/ireland/paddy-mckillen-jr-firm-to-appeal-rejection-of-plans-for-wicklow-resort-and-surf-school-1495134.html
- Minister Simon Harris hints at quick construction of Wexford SETU campus once CPO concludes https://m.independent.ie/regionals/wexford/wexford-district/minister-simon-harris-hints-at-quick-construction-of-wexford-setu-campus-once-cpo-concludes/a1410427211.html
- Fresh planning appeal to demolish Tralee CBS monastery building for new housing: Planning sought for reduced number of housing units at Tralee site following objections against 2021 application https://m.independent.ie/regionals/kerry/tralee-news/fresh-planning-appeal-to-demolish-tralee-cbs-monastery-building-for-new-housing/a1496834531.html
- Planning granted for west Roscommon multi-media and work hub https://www.shannonside.ie/news/planning-granted-for-west-roscommon-multi-media-and-work-hub-225902
- High level of refusals queried: Members of Westmeath County Council have queried why almost a quarter of planning applications are being turned down https://www.westmeathindependent.ie/2023/06/30/high-level-of-refusals-queried/
- Couple brings High Court action over allegedly defective works on South Dublin home https://www.irishtimes.com/crime-law/courts/2023/06/29/couple-brings-high-court-action-over-allegedly-defective-works-on-south-dublin-home/
- BAM: Developing sustainable construction and reducing environmental impact – BAM, as verified by its leadership position on the CDP A-List, is conscious of the duty it has in the vanguard of developing sustainable construction https://www.irishexaminer.com/sponsored/arid-41167252.html
- PM Group reports €44m operating profit for 2022 https://www.rte.ie/news/business/2023/0629/1391732-pm-group-reports-44m-operating-profit-for-2022/
- Winthrop rides data centre boom to more than €1bn in revenue: Sales fuel expansion plans with Barry English’s outfit eyeing 200 new Irish jobshttps://www.thetimes.co.uk/article/winthrop-rides-data-centre-boom-1bn-revenue-q85g9ts8f
- How a Danish architectural studio brings Scandinavian flair and human-centric principles to the heart of Dublin https://www.irishrealestate.news/how-a-danish-architectural-studio-bringsscandinavian-flair-and-human-centricprinciples-to-the-heart-of-dublin/
PROPTECH, ESG & CONSTRUCTION INNOVATION
- Proptech Ireland is updating the database of 2023 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: *https://prop-tech.ie/register/ * and email product or service details to hello@prop-tech.ie
- Proptech Ireland: Ireland’s CONSTRUCTION and REAL ESTATE ESG technologies resource hub. Confused about how and where to start on your ESG journey? Contact us 👉https://prop-tech.ie
- Can Irish start-ups survive tech’s predicted ‘mass extinction event’? With a projected 39 per cent decline in capital investment in European tech firms this year, early and mid-stage companies are at risk https://www.businesspost.ie/tech/charlie-taylor-can-irish-start-ups-survive-techs-predicted-mass-extinction-event/
- Construction technology: Getting productivity where it needs to be in UK and Irish construction https://constructionmanagement.co.uk/getting-productivity-where-it-needs-to-be-in-uk-and-irish-construction/
- The Evolution and Impact of PropTech on Real Estate Investment https://offplanpropertyexchange.com/news/the-evolution-and-impact-of-proptech-on-real-estate-investment/2830/
- Proptech is ‘the new battle ground’ for estate agency says industry leader https://thenegotiator.co.uk/tech-the-new-fighting-ground-for-estate-agency/
- Big agency’s proptech arm inks deal with hybrid agency: Nurtur.group’s Richard Combellack says the digital marketing platform is to become the key tech supplier to Adam Day’s eXp UK network of 350+ agentshttps://thenegotiator.co.uk/industry-giants-tech-arm-inks-deal-with-hybrid-agency-proptech/
- Proptech startup to unveil “exciting” new AI features for simpler property listings https://bdaily.co.uk/articles/2023/06/27/proptech-startup-to-unveil-exciting-new-ai-features-for-simpler-property-listings
- New PropTech feature follows year of work with agency group https://www.lettingagenttoday.co.uk/breaking-news/2023/6/new-proptech-feature-follows-year-of-work-with-agency-group?source=newsticker
- PropTech firm Node marks 1.5m sq ft milestone https://www.thebusinessdesk.com/northwest/news/2116940-proptech-firm-node-marks-1.5m-sq-ft-milestone
- AirTree ventures-backed proptech: Different runs out of steam, calls in KPMG https://www.afr.com/street-talk/airtree-backed-proptech-different-calls-in-kpmg-for-va-20230629-p5dkj9
ENERGY, CLIMATE & ENVIRONMENT
- Climate change to bring more extreme weather to Ireland, says Met Éireann https://www.rte.ie/news/weather/2023/0630/1391944-ireland-climate-change/
- Ireland relied on buying ‘credits’ to reach climate and energy targets – EU audit: A report by the European Court of Auditors examined countries’ performance against 2020 targets and progress towards 2030. https://www.thejournal.ie/ireland-climate-progress-eu-audit-6102546-Jun2023/
- Advisers warn of flaws in Ireland’s long-term climate change plan and say data centres are a major issue https://m.independent.ie/irish-news/advisers-warn-of-flaws-in-irelands-long-term-climate-change-plan-and-say-data-centres-are-a-major-issue/a802838372.html
- Cultural Heritage and Climate the focus of new €500,000 research fund https://www.gov.ie/en/press-release/e08cd-cultural-heritage-and-climate-the-focus-of-new-500000-research-fund/
RESIDENTIAL PROPERTY NEWS (including PRS)
- Ires takeover talk gives way to worries about apartments valuation date and debt: Just four investment deals in the Irish private rental sector during first quarter of this year https://www.irishtimes.com/business/2023/06/30/ires-takeover-talk-gives-way-to-worries-about-apartments-valuation-date-and-debt/
- Rents up by 7.6% for new tenancies as affordability crisis spreads across the State: Counties outside rent pressure zones show the largest increase in rents for new tenancies https://www.irishtimes.com/ireland/housing-planning/2023/06/28/rents-up-by-76-for-new-tenancies-as-affordability-crisis-spreads-across-the-state/
- House price growth slows to just half the level at the end of last year: In Dublin, house price growth of just 0.3 per cent was recorded for the year to June https://www.irishtimes.com/business/2023/06/30/house-price-growth-slows-to-just-half-the-level-at-the-end-of-last-year-estate-agent-dng-says/
- AIB hikes popular fixed-rate mortgage to 5%: Rivals are also likely to hike their fixed-rate mortgages https://www.irishexaminer.com/business/economy/arid-41173150.html
- ‘It’s unforgivable’ — Uninhabited with some falling into disrepair…State’s 150 vacant buildings https://extra.ie/2023/06/25/news/irish-news/states-150-vacant-buildings
- Five thousand people inquired about north Co Dublin house-share, discrimination case hears; WRC awards €1,800 to woman discriminated against by letting agent due to being on Housing Assistance Payment https://www.irishtimes.com/ireland/housing-planning/2023/06/27/five-thousand-people-inquired-about-north-co-dublin-house-share-discrimination-case-hears/
- Derelict Cork campaigners say 78% of properties still vacant: Couple claim just 7.6% of the properties they surveyed three years ago are now ‘back in use as either homes or businesses’ https://www.irishexaminer.com/news/munster/arid-41170108.html
- Council rejects plans to convert student flats to normal residential use: It comes as a privately-owned student accommodation village in the city will close to students for the upcoming year and provide accommodation to Ukrainian refugees https://www.irishexaminer.com/news/munster/arid-41172322.html
- SIX in 10 houses sold in Limerick City and four in ten in the county in the last three months have been sold by landlords getting out of the rental market
- Waterford’s first Cost Rental Scheme is set to deliver 98 housing units at Mount Neil in Carrickpherish to be contracted immediately. https://www.wlrfm.com/news/new-rental-scheme-to-be-launched-in-waterford-312599
- Half septic tanks failed audits in 2022 – and 20pc ‘posed a risk to humans’ https://m.independent.ie/irish-news/half-septic-tanks-failed-audits-in-2022-and-20pc-posed-a-risk-to-humans/a197479984.html
- Council is to buy up vacant homes on historic Naas street https://www.kildarenow.com/news/home/1233580/kildare-council-is-to-buy-up-vacant-homes-on-historic-naas-street.html
- Less brr, more BER: Making your home energy efficient might be easier than you think: The benefits of home energy upgrades are not purely financial, and it’s easier than ever for you to make them happen. https://m.independent.ie/storyplus/less-brr-more-ber-making-your-home-energy-efficient-might-be-easier-than-you-think/a1871619878.html
- Online auction platform iamsold gears up for holiday home auction: Iamsold says there will be a particular focus on coastal areas in firm’s second holiday home auction of the year https://www.businesspost.ie/property/online-auction-platform-iamsold-gears-up-for-holiday-home-auction/
- Glenveagh launching two home schemes within reach of Dublin: Development in Kilkenny is a mix of two and three bed homes and the scheme in Athlone features two, three, four and five-bedroom properties, while both are applicable for help to buy and first home schemes https://www.businesspost.ie/article/glenveagh-launching-two-home-schemes-within-reach-of-dublin/
- On the market: your guide to detached homes for sale around the country – These five properties all benefit from sizeable outdoor spaces, and three have sea views https://www.businesspost.ie/article/on-the-market-your-guide-to-detached-homes-for-sale-around-the-country/
- Time to move! What €350,000 can get you in Dublin vs the rest of Ireland https://evoke.ie/2023/06/29/life-style/property-dublin-rest-of-ireland
- What €1,500 pm will get you renting in other European cities compared to Dublin https://evoke.ie/2023/07/01/life-style/property/europe-rental-compared-dublin
- Front door trends 2023 – 5 designs and innovations to avoid curb ‘appal’: From simple updates to radical rethinks, turn your attention to the outside of your home to get it looking its presentable best https://www.homesandgardens.com/gardens/front-door-trends
- How to retrofit your en-suite bathroom and boost your home’s value: Be highly strategic when choosing and laying out a suite to optimise its comfortable performance https://www.irishexaminer.com/property/homeandgardens/arid-41172076.html
- Take a tour of this Kildare houseboat, home to a creative couple https://www.image.ie/living/take-a-tour-of-this-kildare-houseboat-home-to-a-creative-couple-771878
COMMERCIAL PROPERTY NEWS
- Commercial real estate turnover Q2 figures drop 68% to €200m: Commercial real estate turnover draft figures for Q2 2023 have been released and show a decrease in overall spend from the previous quarter and the 10-year average. https://www.businesspost.ie/property/commercial-real-estate-turnover-q2-figures-drop-68-to-e200m/
- German investor closing in on €50m deal for Dublin docklands office: Britain Quay building has undergone significant refurbishment and increased rental income since it last changed hands in 2016 https://www.irishtimes.com/property/commercial-property/2023/06/28/german-investor-closing-in-on-50m-deal-for-dublin-docklands-office/
- HMV opens first store in Dublin in a decade https://www.breakingnews.ie/ireland/hmv-opens-first-store-in-dublin-in-a-decade-1495247.html
- South Dublin student accommodation facility guiding at €2m: Ballintle Court comprises 27-bed purpose-built facility and is being sold with benefit of vacant possession https://www.irishtimes.com/property/commercial-property/2023/06/28/south-dublin-student-accommodation-facility-guiding-at-2m/
- HMV drops the needle on new Henry Street store: Music and merchandise retailer makes its much-anticipated Irish return after closing in 2016 https://www.irishtimes.com/business/2023/06/30/hmv-drops-the-needle-on-new-henry-street-store/
- Grangegorman pub and apartments on the market for €950,000: The mixed-use going concern is prominently located, has been well maintained and is fully let https://www.businesspost.ie/property/grangegorman-pub-and-apartments-on-the-market-for-e950000/
- Significant interest expected in airport warehouse letting: The Airport Business Park unit is well connected to the city centre and surrounding areas, offering excellent transport links https://www.businesspost.ie/property/significant-interest-expected-in-airport-warehouse-letting/
- JJ Devine’s Pub is set to open in the town of Ballinasloe in East Galway and if that pub name seems familiar, it’s because it featured in the Oscar nominated film, The Banshees of Inisherin. https://www.galwaybeo.ie/news/galway-news/whole-world-falls-love-new-8556765
- Neville Group reopens Kilkenny’s Bridge House after €2m revamp: The historic former Dower house has been restored to its former glory following a fire in 2018 and now boasts 12 bedrooms and restaurant headed by Keith Boyle https://www.businesspost.ie/property/neville-group-reopens-kilkennys-bridge-house-after-e2m-revamp/
- Luxury lifestyle brand set to open Athlone outlet https://www.westmeathindependent.ie/2023/06/21/luxury-lifestyle-brand-set-to-open-athlone-outlet/
- Brennan brothers’ Kenmare hotels have July 6 ‘date with destiny’ for best and final bids at €20.5m guide: Keen interest in Francis Brennan and John Brennan’s Park Hotel Kenmare being brought to a head by At Their Service selling agents CBRE https://www.irishexaminer.com/property/commercial/arid-41172535.html
- Coastal resort with spectacular views on Wild Atlantic Way guiding €1.25m: The Harbour View Resort in Co Sligo includes a tennis court and 10 residential properties set on 4.5 acres https://www.businesspost.ie/property/coastal-resort-with-spectacular-views-on-wild-atlantic-way-guiding-e1-25m/
- Enniscorthy warehouse which was previously owned by prominent Wexford businessman sells for €620,000 https://m.independent.ie/regionals/wexford/news/enniscorthy-warehouse-which-was-previously-owned-by-prominent-wexford-businessman-sells-for-620000/a413389482.html
- Another new business boost for Kerry shopping centre https://m.independent.ie/regionals/kerry/south-kerry-news/another-new-business-boost-for-kerry-shopping-centre/a1841209097.html
INTERNATIONAL PROPERTY NEWS
- Irishman selling real estate in Florida while living in Spain: Wild Geese: Colin Murphy, Madrid https://www.irishtimes.com/business/work/2023/06/30/juggling-a-spanish-lifestyle-with-the-dynamism-of-the-us-corporate-world/
- All of RICS’ professional standards board resign: Both chair Dame Janet Paraskeva and nine other members of the SRB have resigned without publicly explaining why. https://thenegotiator.co.uk/shock-all-of-rics-supervisory-and-standards-board-resign/
- HSBC move to downsize London headquarters rocks UK commercial property market: Around half of the world’s largest employers plan to reduce office space in the next three years, survey shows https://m.independent.ie/business/world/hsbc-move-to-downsize-london-headquarters-rocks-uk-commercial-property-market/a1655536384.html
- Global perspective – lessons for Ireland?: Rent freezes and rent caps will only worsen, not solve Australia’s rental crisis https://theconversation.com/rent-freezes-and-rent-caps-will-only-worsen-not-solve-australias-rental-crisis-208099
- Prologis agreed to buy 14M SF of industrial property from Blackstone in a $3.1B all-cash deal aimed at strengthening its position as the world’s largest industrial property company https://www.bisnow.com/national/news/industrial/prologis-buying-31b-worth-of-industrial-properties-from-blackstone-119551
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/