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:
- ‘Deeply depressing’: Number homeless in Ireland hits new record high A CB Latest Department of Housing figures shows increase of 159 in homelessness, as Tánaiste defends lifting eviction ban https://www.irishtimes.com/ireland/housing-planning/2023/07/28/untold-damage-homeless-figures-rise-to-12600-as-charities-criticise-long-waits-for-housing-for-families/
- Coveney says ‘time is right’ to convert unused offices for housing: Minister for Enterprise agrees to set up inter-departmental group following lobbying from housing minister Darragh O’Brien https://www.businesspost.ie/news/coveney-says-time-is-right-to-convert-unused-offices-for-housing/
- ‘Go away money’ – local demands up to €20,000 for each new home built: A solicitor’s letter in response to objector threatens High Court action and report to garda fraud squad https://m.independent.ie/irish-news/go-away-money-local-demands-up-to-20000-for-each-new-home-built/a1143208823.html
- The slow squeeze which has locked younger people out of the Irish housing market: The latest census figures underline the gradual build-up of the Irish housing crisis over recent years – the fix has to be a long-term one https://www.irishtimes.com/opinion/2023/07/29/cliff-taylor-the-generational-divide-in-the-irish-housing-market-is-getting-wider/
- Legislation to stop sex for rent exploitation will be introduced, says Tánaiste: Women’s charities call for urgent action following ‘shocking’ RTÉ Investigates programme https://www.irishtimes.com/ireland/housing-planning/2023/07/28/legislation-to-stop-sex-for-rent-exploitation-will-be-introduced-says-tanaiste/ Also, RTÉ sex-for-rent exposé ‘unfairly demonised landlords’, property owners group claims https://m.independent.ie/irish-news/rte-sex-for-rent-expose-unfairly-demonised-landlords-property-owners-group-claims/a883472148.html
- Department halts its probe into thousands of unactivated planning permissions https://www.irishexaminer.com/news/arid-41191093.html
- Builders, restaurants and shops lead uptick in insolvencies this year https://m.independent.ie/business/irish/builders-restaurants-and-shops-lead-uptick-in-insolvencies-this-year/a1563641357.html
- On-the-run developer who had €160m debt wiped out has ‘no regrets’: John Shee was a hugely successful developer – until all of a sudden he wasn’t https://m.independent.ie/irish-news/on-the-run-developer-who-had-160m-debt-wiped-out-has-no-regrets/a246870339.html
- Irish economy to grow at ‘more moderate pace’ in 2023: Performance on both sides of the Border underpinned by employment data, says EY Ireland https://www.irishtimes.com/business/2023/07/24/irish-economy-to-grow-at-more-moderate-pace-in-2023/
- Land Development Agency to spend €9m on professional services https://www.irishexaminer.com/news/arid-41192017.html#:~:text=The%20State%20body%20with%20responsibility,administration%20of%20its%20housing%20delivery.
- Do we need a law to stop landlords seeking sex from renters? https://www.rte.ie/news/investigations-unit/2023/0726/1396470-do-we-need-a-law-to-stop-landlords-seeking-sex-from-renters/
- It’s unsafe, stressful, and scary’ – Miss Earth Ireland highlights Mica torment https://www.donegaldaily.com/2023/07/24/its-unsafe-stressful-and-scary-miss-earth-ireland-highlights-mica-torment/amp/
- Attention! Important alert: Spax Concrete Screws recall https://www.engineersireland.ie/Engineers-Journal/News/attention-important-alert-spax-concrete-screws-recall
- Dublin Airport rail connection takes huge step as draft plans approved by Government: Plans are also afoot to connect Dublin and Shannon airports to the train network and to segregate long-distance or fast services from stopping services https://www.dublinlive.ie/news/dublin-news/dublin-airport-rail-connection-takes-27393731
- Traditional Architecture, Art And Design Await At Ireland’s Top Hotels https://www.forbes.com/sites/rebeccasuhrawardi/2023/07/25/traditional-architecture-art-and-design-await-at-irelands-top-hotels/
- International start-up seeking Kerry farmers to take part in pilot project https://www.radiokerry.ie/news/international-start-up-seeking-kerry-farmers-to-take-part-in-pilot-project-340787
*Reminder that the Property District offices in Dublin and Galway will close on Wednesdays for July and August as we let our creative talent run wild – you are welcome to join us for #WildWednesday, details here: https://propertydistrict.ie/wildwednesday-challenging-techies-to-disconnect-and-creatives-to-reconnect/
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.
Do you 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 – in June 2023, for the first time since we emerged from the pandemic lockdown, monthly ORGANIC digital impressions across Property District’s owned construction and real estate brands exceeded one million (*1,009,883*) – up from a monthly average of 765,876 in Q1! 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
On #PropertyRoundup host Carol Tallon chats to Tom McCabe, CFA FRM, Head of Research & Insight with Cushman & Wakefield Ireland. Tom joins us today to discuss the Cushman & Wakefield Irish Hotel Market July 2023. Despite a turbulent few years for the hospitality industry, the hotel market has enjoyed a good performance so far in 2023 from a transactional point of view with approximately €130m transacted across nine deals in addition to a number of hotels and sites going sale agreed in recent weeks.
Read the full report here- https://www.irishrealestate.news/irish-hotel-market-report-july-2023/
*Property Roundup is sponsored by Ireland’s Property District, your industry communications partner: https://propertydistrict.ie/
Watch/ listen back: https://ipropertyradio.com/property-matters/
#Proptech Hot Seat
*Solar Simplified*
In the iPropertyRadio.com Proptech Hot Seat with host Carol Tallon this week is Deep Chakraborty, CEO of Enact to discuss the business journey, its core platform offering and how the company has grown. Deep delves into the customer journey for Enact’s clients e.g home solar/storage and also how the platform is making a difference by tackling some of the key challenges today.
Listen back to the full interview to hear what the future of solar solutions looks like and what are some trends property owners should keep an eye out for.
*Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders: https://prop-tech.ie/
Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/
#BreakingGround
This week on #BreakingGround host Carol Tallon is onsite at Townmore HQ in Tullamore with Mark Cronin, Associate Director of Townmore, and Kate Fahey, Ireland’s first female tower crane operator, to discuss their partnership in the new #ImInConstruction campaign, which aims to raise awareness of what a career in construction really looks like and to showcase current industry opportunities to encourage the new generation of talent into the industry.
Read more about the campaign here- https://townmore.ie/news/townmore-partners-with-kate-fahey-irelands-first-female-tower-crane-operator-to-launch-industry-wide-campaign-promoting-careers-in-construction/
(Apologies for the poor sound quality, we had the impromptu opportunity to record in Townmore’s HQ – thank you to the very patient team there!)
*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: https://placeengage.com/
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

Business Post
- Digital Placemaking Tools for Public Consultation & Community Engagement | PLACEengage https://placeengage.com/digital-placemaking-tools-for-public-consultation-community-engagement/
- ‘Céad míle fáilte’: Hundreds attend rally in solidarity with asylum seekers in Dún Laoghaire: Community responds to anti-immigration protests in Ballybrack, while NUJ calls on Iconic Media to clarify its publication of AI-generated article about refugees https://www.irishtimes.com/ireland/2023/07/29/cead-mile-failte-hundreds-attend-rally-in-solidarity-with-asylum-seekers-in-dun-laoghaire/
- PLANS for a greenway cycle route from Cork city to Bandon offers an exceptional opportunity for tourism and could give a huge economic boost to West Cork, as well as unlocking the entire Bandon valley for cyclists and pedestrians https://www.southernstar.ie/premium-exclusives/greenway-boost-for-bandon-4268647
- North Cork village shortlisted by Council in the National Pride of Place Awards https://m.independent.ie/regionals/cork/news/north-cork-village-shortlisted-by-council-in-the-national-pride-of-place-awards/a1323258946.html
- Are you ready for a new life and new career in West Cork, Ireland? ‘Simply wonderful’ €1m West Cork property inspires a ‘quit your job and move’ fantasy – A stunning home in one of the world’s most beautiful places https://www.corkbeo.ie/news/property/simply-wonderful-1m-west-cork-27414892
- First stretch of the South East Greenway through Kilkenny opens today https://kclr96fm.com/first-stretch-of-the-south-east-greenway-through-kilkenny-opens-today/
- Ukrainians move into new Doorly Park housing https://www.oceanfm.ie/2023/07/26/ukrainians-move-into-new-doorly-park-housing-as-plight-of-those-on-housing-list-is-raised/
- Disbelief as plan to turn Wicklow shops derelict for more than 10 years into homes is refused – Change of use is rejected despite the building’s new owner already shelling out for extensive renovations https://m.independent.ie/regionals/wicklow/arklow-news/disbelief-as-plan-to-turn-wicklow-shops-derelict-for-more-than-10-years-into-homes-is-refused/a803919086.html
- More than €400,000 announced for Wicklow’s rural roads and laneways https://m.independent.ie/regionals/wicklow/wicklow-district/more-than-400000-announced-for-wicklows-rural-roads-and-laneways/a1211004950.html
- Major Wexford village to see development plan get under way in September https://m.independent.ie/regionals/wexford/wexford-district/major-wexford-village-to-see-development-plan-get-under-way-in-september/a1214856692.html
- Major €3m revamp of local fire station set to proceed https://www.westmeathindependent.ie/2023/07/28/major-e3m-revamp-of-local-fire-station-set-to-proceed/
- Ambitious multi-million euro plans lodged for historic Mullingar mill https://www.westmeathexaminer.ie/2023/07/27/ambitious-multi-million-euro-plans-lodged-for-historic-mullingar-mill/
- ‘Amazing’ – Tradesmen and other businesses praised for coming to Mullingar family’s aid https://www.westmeathexaminer.ie/2023/07/29/amazing-tradesmen-and-other-businesses-praised-for-coming-to-mullingar-familys-aid-in-their-hour-of-need/
- Midlands Barracks On Lease For Millions Of Years https://www.midlands103.com/news/midlands-news/midlands-barracks-on-lease-for-millions-of-years/
- €378,220 announced for 203 community projects in Mayo https://www.con-telegraph.ie/2023/07/27/e378220-announced-for-203-community-projects-in-mayo/
- 100 Buildings: Guarding Sligo – the story of Look Out Post No. 67 https://www.rte.ie/culture/2023/0729/1395590-100-buildings-guarding-sligo-the-story-of-look-out-post-no-67/
- Common Knowledge launch a school of lost skillsCommon Knowledge, a non-profit social enterprise based in Co Clare has launched a school of lost skills featuring the practice of traditional skills that have fallen https://www.farmersjournal.ie/common-knowledge-launch-a-school-of-lost-skills-776429
- Cost benefit from Cliffs of Moher to North Clare communities to be included in strategy https://www.clareecho.ie/cost-benefit-from-cliffs-of-moher-to-north-clare-communities-to-be-included-in-strategy/
- New ‘microsite’ will promote two North Kerry greenways https://m.independent.ie/regionals/kerry/news/new-microsite-will-promote-two-north-kerry-greenways/a191138846.html
- Refugee accommodation in Leitrim shut down over fire safety concerns: Department cancels contract after inspections raise concerns over accommodation for Ukrainian refugees https://www.irishtimes.com/ireland/housing-planning/2023/07/18/refugee-accommodation-in-leitrim-shut-down-over-fire-safety-concerns/
- €22m Irish embassy in Rome an ‘expensive privilege’ with smelly pools and graffiti scrawled on walls https://m.independent.ie/irish-news/22m-irish-embassy-in-rome-an-expensive-privilege-with-smelly-pools-and-graffiti-scrawled-on-walls/a1908264708.html
CONSTRUCTION, MMC & DEVELOPMENT NEWS
- BIM requirements in the CWMF from January 2024 https://constructionprocurement.gov.ie/bim-requirements-in-the-cwmf-from-january-2024/
- ESB worker says silent defence was form of ‘self preservation’: Technician Kieran Sharkey named as part of state firm’s High Court lawsuit to compel developers to name staff who had sought corrupt payments from them https://www.businesspost.ie/news/esb-worker-says-silent-defence-was-form-of-self-preservation/
- Concrete levy to add €300m to housing target costs, says industry body: Irish Concrete Federation says charge will generate most of its revenue from ready-mix products https://www.irishtimes.com/business/2023/07/24/concrete-levy-to-add-300m-to-housing-target-costs-says-industry-body/
- Construction consultancy Turner & Townsend to hire up to 170 staff in Ireland: The firm, which is majority-owned by CBRE, currently employs 280 people here https://www.businesspost.ie/article/property-consultancy-turner-townsend-to-hire-up-to-170-staff-in-ireland/
- Demand for State home building fund recovers as loan approvals rise 15pc https://m.independent.ie/business/irish/demand-for-state-home-building-fund-recovers-as-loan-approvals-rise-15pc/a986658531.html
- Developer moves to block fast-track affordable home scheme in Dundrum: Mark Leonard of Centurion Homes appeals An Bord Pleanála decision allowing Land Development Agency to build 852 homes on former Central Mental Hospital site https://www.businesspost.ie/news/developer-moves-to-block-fast-track-affordable-home-scheme-in-dundrum/
- CIS round-up: what’s being built, when and where around the country: The leading provider of business intelligence to the construction sector offers the latest on projects on the ground and in the pipeline https://www.businesspost.ie/property/cis-round-up-whats-being-built-when-and-where-around-the-country-8/
- Over 200 homes to be built in Terenure as permission is granted after two-year delay: An Bord Pleanála gives go ahead for 208 home development https://www.irishtimes.com/business/2023/07/24/lioncor-finally-gets-sign-off-for-terenure-homes-scheme/
- Plan for 196-unit apartment scheme in Phibsborough faces local opposition – Scheme on old bakery site has been reconfigured to make 60% of units build-to-rent https://www.irishtimes.com/business/2023/07/26/phibsborough-apartment-scheme-faces-local-opposition/
- Glass Bottle consortium was ‘anxious’ to buy Nama’s stake in Poolbeg site: Opposition parties had called on Nama to transfer its investment to the local authority https://www.businesspost.ie/news/glass-bottle-consortium-was-anxious-to-buy-namas-stake-in-poolbeg-site/
- Glass Bottle site developers offer 86 affordable homes to Government but only 25 taken up: Site consortium has selected Sisk to build the first phase of the Dublin 4 development, which will include 570 homes https://www.irishtimes.com/business/2023/07/27/glass-bottle-site-developers-offer-86-affordable-homes-to-government-but-only-25-taken-up/ Also: Government must pick up the pieces of smashed Irish Glass Bottle scheme: Nama’s sale of its 20 per cent stake in the Poolbeg SDZ has put paid to the affordable homes required in the scheme, so the state must buy the homes and suck up the differencehttps://www.businesspost.ie/analysis-opinion/eoin-o-broin-government-must-pick-up-the-pieces-of-smashed-irish-glass-bottle-scheme/
- Developers join forces to oppose proposed 97% hike in Cherrywood council contributions – Group including Cairn Homes and Johnny Ronan’s RGRE say levy would amount to €37,820 per new home in Cherrywood area https://www.irishtimes.com/business/2023/07/27/developers-join-forces-to-oppose-proposed-97-hike-in-cherrywood-council-contributions/
- Fingal council’s plan to develop 121 apartments is challenged in High Court: Council plans to develop apartments in five blocks at Mayeston, Poppintree https://www.irishtimes.com/business/2023/07/24/fingal-councils-plan-to-develop-121-apartments-is-challenged-in-high-court/
- Permission has been granted for dozens of apartments in the south Dublin suburb of Knocklyon, despite local objections citing concerns of the impact on the local bat population. https://m.independent.ie/business/commercial-property/bat-fans-fail-to-block-planning-for-75-homes-in-dublin/a315748431.html
- Clancy Construction officially opens their new Cork office https://www.tipperarylive.ie/news/local-news/1255892/clancy-construction-officially-opens-their-new-cork-office.html
- Plans for 94 residential units in Cork refused https://www.irishexaminer.com/news/munster/arid-41191975.html
- Housing agency to spend €9m on infrastructure projects to facilitate 750 homes in Cork City – Company to deliver roads, footpaths and services for greenfield site in Ballyvolane https://www.irishexaminer.com/news/munster/arid-41193373.html
- Ten-storey hotel at Galway Docks turned down by Appeals Board https://connachttribune.ie/ten-storey-hotel-at-galway-docks-turned-down-by-appeals-board/
- Site in Ballinasloe being assessed for modular homes for Ukrainian refugees https://galwaybayfm.ie/galway-bay-fm-news-desk/site-in-ballinasloe-being-assessed-for-modular-homes-for-ukrainian-refugees/
- Limerick City centre apartment development gets go-ahead https://www.live95fm.ie/news/live95-news/city-centre-apartment-development-gets-go-ahead/
- Green light for €33m nursing home and primary care centre on Kildare border https://www.kildarenow.com/news/home/1258644/kildare-green-light-for-33m-nursing-home-and-primary-care-centre.html
- KILDARE: New apartments planned for Naas Road in Newbridge https://www.ireland-live.ie/news/kildare-now/1260103/kildare-new-apartments-planned-for-naas-road-in-newbridge.html
- €13m development planned for Kildare factory https://www.ireland-live.ie/news/kildare-live/1260464/13m-development-planned-for-kildare-factory.html
- Co Carlow quarry and surrounding lands on sale for €7.4m: Sale includes Clonmelsh Quarry, a working quarry 6km south of Carlow town, along with three nearby parcels of land https://www.businesspost.ie/property/co-carlow-quarry-and-surrounding-lands-on-sale-for-e7-4m/
- The modular homes currently being installed at Columb Barrack for families that have fled Ukraine should be ready by the end of August, according to the Department of Defence https://www.westmeathindependent.ie/2023/07/25/modular-homes-at-columb-barracks-nearly-finished/
- Plans blocked for new housing development in village in Offaly https://www.ireland-live.ie/news/offaly-live/1260191/plans-blocked-for-new-housing-development-in-village-in-offaly.html
- Green light for new Cafe and Gym in Portlaoise https://www.leinsterexpress.ie/news/portlaoise-/1257934/green-light-for-new-cafe-and-gym-in-portlaoise.html
- Green light for 49 houses beside Portlaoise supermarket https://www.leinsterexpress.ie/news/property/1258770/green-light-for-49-houses-beside-portlaoise-supermarket.html
- Sligo to house biggest strategic road maintenance facility in the country https://www.oceanfm.ie/2023/07/25/sligo-to-house-biggest-strategic-road-maintenance-facility-in-the-country/
- Challenge can proceed against planning permission for Ennis service station, judge rules – Judge prepared to grant Co Clare-based engineer leave to seek to overturn the 2022 decision to grant permission for the development https://www.irishtimes.com/business/2023/07/24/challenge-can-proceed-against-planning-permission-for-ennis-service-station-judge-rules/
- Mayo has sadly become a county of planning objections https://www.con-telegraph.ie/2023/07/25/mayo-has-sadly-become-a-county-of-planning-objections/
- Construction of 14 homes at Killnacloy for Tuath Housing to be complete by 2024 https://www.northernsound.ie/news/construction-of-14-homes-at-killnacloy-to-be-complete-by-2024-219245
- Decision due on 98-unit scheme in Tullamore as developer plans another 80 houses https://www.offalyexpress.ie/news/home/1257407/decision-due-on-98-unit-scheme-in-tullamore-as-developer-plans-another-80-houses.html
- Plans lodged for demolition works at IDA landbank in Athlone https://www.shannonside.ie/news/plans-lodged-for-demolition-works-at-ida-landbank-in-athlone-227231
- Plans for eight new homes in north Longford town https://www.longfordleader.ie/news/home/1253440/plans-for-eight-new-homes-in-north-longford-town.html
- Council get first right of refusal on future uses for Roche site https://www.clareecho.ie/council-get-first-right-of-refusal-on-future-uses-for-roche-site/
- Row re-erupts over plans to develop €40m Co Kildare land bank, court hears: Court told told there was a breakdown after the agreement in principle was made https://www.irishtimes.com/business/2023/07/24/row-re-erupts-over-plans-to-develop-40m-co-kildare-land-bank-court-hears/
- Resolution found for Greg Kavanagh application to restrain sale of €2m property: Developer had sought an injunction preventing purported sale of Wynnstay House in Clonskeagh, Dublin https://www.irishtimes.com/business/2023/07/26/resolution-found-for-greg-kavanagh-application-to-restrain-sale-of-2m-property/
- Construction MD threw phone out window on learning meeting was being recorded, court hears https://www.breakingnews.ie/ireland/md-threw-phone-out-window-on-learning-meeting-was-being-recorded-court-hears-1506572.html
- Building materials giant CRH invests €34m in Ukrainian cement plant: Rebuilding regions destroyed by Russia means economic investment is essential https://m.independent.ie/business/world/building-materials-giant-crh-invests-34m-in-ukrainian-cement-plant/a334400.html
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
- Behind The Numbers: Ireland’s Weakening Innovation Status – Ireland has built a reputation as an international tech hub but its domestic businesses and public services are falling down on digitalisation https://businessplus.ie/tech/ireland-innovation/
- Tech-focused VC Molten unveils new €50m Irish fund: Molten has been a significant backer of Irish tech companies in recent years with the likes of Manna, Sweepr, &Open and Vaultree, included in its portfolio https://www.businesspost.ie/tech/molten-announces-new-e50m-tech-focused-irish-fund/?utm_campaign=article
- Embracing Innovation: How Tech is Revolutionising Monitoring in Ireland’s Booming Real Estate Market https://techbuzzireland.com/2023/07/27/embracing-innovation-how-tech-is-revolutionising-monitoring-in-irelands-booming-real-estate-market/?amp=1
- Belfast-based cleantech firm Nuada raises additional €4m: Company has developed ‘heatless’ carbon capture technology that can help cement manufacturers to decarbonise their operations https://www.businesspost.ie/tech/belfast-based-cleantech-firm-nuada-raises-additonal-e4m/
- Platform for property investors and landlords has launched a suite of features which it claims will “help property investors to grow their portfolios and maximise their returns https://www.propertyinvestortoday.co.uk/breaking-news/2023/7/proptech-platform-helps-investors-grow-portfolios–claim?source=newsticker
- BAM has partnered with nPlan Portfolio and will use their AI and big data to assess and manage schedule risk across their projects https://www.pbctoday.co.uk/news/digital-construction-news/construction-software-news/bam-looks-nplan-portfolio-improve-risk-cost-management/130433/
- Researcher turns basic rule of construction – regarding a hanging chain and masonry arches – upside down https://www.engineersireland.ie/Engineers-Journal/News/researcher-turns-basic-rule-of-construction-regarding-a-hanging-chain-and-masonry-arches-upside-down
- PROPTECH:’ UK Agent controlled’ portal gaining traction with first 200 properties – The Neg reported in June how Find Properties was hoping to destabilise the portal market by launching a portal that would be developed and controlled by agents https://thenegotiator.co.uk/find-properties-starts-to-gain-traction-and-is-now-listing-200-properties-proptech/
- Berlin’s ecoworks raises €22m for automated design in housing retrofitting to reduce CO2 emissions. Investors bet on the startup’s innovative 3D planning and prefabrication technology https://tech.eu/2023/07/28/berlins-ecoworks-secures-eur22m-for-its-eco-friendly-retrofitting-automation-tech/
- Thales acquires Imperva for $3.6B, Field fields £200M, and more: Thales gets into the app security market via a $3.6B acquisition of Imperva, ex-Bulb co-founder’s battery startup Field raised £200 million, and more.https://tech.eu/2023/07/28/this-week-in-european-tech/
- A/O announces first €100m close of second fund: London-based VC firm A/O has announced the first €100m close of its second fund. It’s hoping to raise €250m in totalhttps://sifted.eu/articles/ao-proptech-100m-second-fund-news
ENERGY, CLIMATE & ENVIRONMENT
- Ireland’s pace of climate policy implementation ‘not acceptable’, says watchdog – Government will not meet its legally-binding targets unless ‘urgent action taken’ https://www.irishtimes.com/environment/climate-crisis/2023/07/25/irelands-pace-of-climate-policy-implementation-not-acceptable-says-watchdog/
- Louth firms to see solar energy payback ‘two years ahead of schedule’: Co-founder of Swyft Energy said some businesses could see payback in three years. https://www.ireland-live.ie/news/louth-live/1256369/louth-firms-to-see-solar-energy-payback-two-years-ahead-of-schedule.html
- New Irish solar farm to deliver up to 500MW https://irishtechnews.ie/new-irish-solar-farm-to-deliver-up-to-500mw/
- Only 38 of OPW’s 2,500 properties have EV chargers https://extra.ie/2023/07/25/news/irish-news/opw-ev-chargers
- Irish Green Building Council Launches Pre-Budget Submission https://businessplus.ie/news/irish-green-building-council-budget/
- Future-proofing homes against ‘concrete cancer’ – Future proofing Irish building projects against climate change is a must now https://www.irishexaminer.com/lifestyle/outdoors/arid-41190850.html
RESIDENTIAL PROPERTY NEWS (including PRS)
- Firms owned by Belgian tax evader offload millions in Irish property – Didier De Witte has secured planning to build almost 400 units on the lands https://www.businesspost.ie/news/firms-owned-by-belgian-tax-evader-offload-millions-in-irish-property/
- Number of new residential addresses added in last year falls by more than one-fifth: National residential vacancy rate dropped in June to 3.9% from 4.2% a year earlier as vacant or derelict properties return to use https://www.irishtimes.com/ireland/housing-planning/2023/07/26/number-of-new-residential-addresses-added-in-last-year-falls-by-more-than-one-fifth/
- Drop in vacancy rate puts pressure on housing market, new report suggests: The tight market has driven the national residential vacancy rate to drop just under 4% in June https://www.irishexaminer.com/business/economy/arid-41191153.html
- ‘Housing Minister needs to review this urgently’ – only 21 sales agreed since April under new Tenant in Situ scheme https://m.independent.ie/irish-news/housing-minister-needs-to-review-this-urgently-only-21-sales-agreed-since-april-under-new-tenant-in-situ-scheme/a1964317682.html
- Record total of mortgages for first-time buyers despite rising interest rates https://extra.ie/2023/07/26/news/irish-news/mortgages-first-time-buyers
- Scheme for mortgage holders in arrears to be extended until 2027: Abhaile scheme will be extended in light of continued cost-of-living pressures and rising mortgage interest rates https://www.irishtimes.com/politics/2023/07/26/scheme-for-mortgage-holders-in-arrears-to-be-extended-until-2027/
- Ring wants urgent reform of septic tank grant regulations https://www.mayonews.ie/news/home/1255386/ring-wants-urgent-reform-of-septic-tank-grant-regulations.html
- Ryanair considering buying apartments as staff grapple with housing crisis https://www.irishexaminer.com/news/arid-41190700.html
- Bishopstown’s first largescale new home scheme in 30 years likely to sell faster than a Coldplay gig – Phase one release Saturday, July 29, 2023, deposits for Ardrostig taken on site. The 275-unit development will take three years to complete https://www.irishexaminer.com/property/residential/arid-41193310.html
- Tuath Housing: Meeting the demands of housing, homelessness in Cavan https://www.rte.ie/news/ulster/2023/0728/1397063-cavan-housing/
- UK Serviced accommodation provider Synergy Global Housing has acquired five serviced apartments in Cork https://servicedapartmentnews.com/news/industry-news/synergy-expands-ireland-cork/
- Over 60 unoccupied Curragh homes in ‘various states of disrepair’ – Over 60 family homes at the Curragh military camp are unoccupied due to “vacancy or dereliction” https://www.newstalk.com/news/over-60-unoccupied-curragh-homes-in-various-states-of-disrepair-td-1490875
- New affordable housing scheme in Westmeath open to applications https://www.westmeathexaminer.ie/2023/07/26/new-affordable-housing-scheme-in-westmeath-open-to-applications/
- Four for €325,000 and under: homes in Kerry, Louth, Laois and Dublin – Turnkey homes at keen prices throughout the country https://www.irishtimes.com/property/residential/2023/07/24/four-for-325000-and-under-homes-in-kerry-louth-laois-and-dublin/
- Three houses on sale in Tipperary for under €200,000 https://www.ireland-live.ie/news/nenagh-live/1257265/property-watch-three-houses-on-sale-in-tipperary-for-under-200-000.html
- Design ideas to make the most of your roof space – Reach for the sky: Look up for inspiration to fully utilise the roof space in both newbuilds and existing properties https://www.irishexaminer.com/property/homeandgardens/arid-41191942.html
- Thinking of buying farmland? Rural solicitor Karen Walsh gives her top tips https://www.irishexaminer.com/farming/arid-41190061.html
- We went on a TV property programme: Here’s what happened next: Leonie Corcoran and Shane Leahy appeared on RTÉ’s Cheap European Homes looking for a place in Portugal https://www.irishtimes.com/property/interiors/2023/07/29/we-went-on-a-tv-property-programme-heres-what-happened-next/
COMMERCIAL PROPERTY NEWS
- Irish commercial property continued to decline in the second quarter of this year – down 3.2pc. This brought overall value declines for the 12 months to the end of June to 12.2pc https://m.independent.ie/business/commercial-property/commercial-investments-continue-to-decline-in-q2/a1916041855.html
- AIB chief warns €50bn decline in commercial property sector likely to continue: Colin Hunt says bank is ‘cautious’ but ‘not worried’ by downturn because it has been conservative since re-entering the market https://www.businesspost.ie/news/aib-chief-warns-e50bn-decline-in-commercial-property-sector-likely-to-continue/
- Remote working coupled with the downturn in the tech sector have created a drag on the Dublin office leasing sector: Just 65,853 sq m was let in H1, down more than a quarter on the same period last year and almost a third below the 15-year average https://www.rte.ie/news/business/2023/0724/1395864-tech-slump-causes-big-drop-in-dublin-office-lease-rates/
- Logistics firms dominated the Dublin industrial and logistics market in terms of market share during the first six months of the year https://businessplus.ie/news/logistics-dominate-market/
- French investor Corum proves itself an outlier in the Irish office market: The French investment giant has €6 billion in assets under management and is voraciously eating up premium office spaces in Ireland, despite the drag on market sentiment. https://thecurrency.news/articles/124131/french-investor-corum-proves-itself-an-outlier-in-the-irish-office-market/ Also: French firm Corum snaps up two Dublin offices https://m.independent.ie/business/commercial-property/french-firm-corum-snaps-up-two-dublin-offices/a418042786.html
- Sales and footfall rise at Hammerson’s Irish retail centres https://m.independent.ie/business/irish/sales-and-footfall-rise-at-hammersons-irish-retail-centres/a2060008247.html
- Medical centres investor says HSE rents should rise 20pc https://m.independent.ie/business/irish/medical-centres-investor-says-hse-rents-should-rise-20pc/a1997611606.html
- Penney’s operator records profits of €1m a day as revenues soar to €693 million https://www.breakingnews.ie/business/penneys-operator-records-profits-of-e1m-a-day-as-revenues-soar-to-e693-million-1507485.html
- First look at Dublin’s newest luxury hotel suite: With views overlooking Trinity College, the suite includes a wraparound private balcony, outdoor lounge seating, champagne on arrival, a secret private entrance and personal concierge services https://www.businesspost.ie/irish-tatler/first-look-at-dublins-newest-luxury-hotel-suite/
- Meta seeks huge rent concession at Fibonacci Square: Facebook owner enters arbitration process with its landlord at Dublin HQ https://www.thetimes.co.uk/article/meta-seeks-huge-rent-concession-at-fibonacci-square-x07w7zbmb
- Council wants proposed cafe at TikTok’s Dublin headquarters kept open to the public https://m.independent.ie/business/irish/council-wants-proposed-cafe-at-tiktoks-dublin-headquarters-kept-open-to-the-public/a397987842.html
- Iconic Offices close Cork location after less than a year due to lack of demand – The flexible workspace provider said that the business ‘just didn’t perform as well as had anticipated’ https://www.businesspost.ie/news/iconic-offices-close-cork-location-after-less-than-a-year-due-to-lack-of-demand/
- Another well-known English Market business goes as council works to bring in new blood- Liam Lynch’s jewellers has been serving the people of Cork for three decades. https://www.corkbeo.ie/news/local-news/another-well-known-english-market-27416000
- Winthrop Arcade, Cork City’s nod to Parisian chic, sold to local buyer for c€1.7m https://www.irishexaminer.com/property/commercial/arid-41192065.html
- Four investors interested in giving fresh life to historic Mayo hotel https://www.con-telegraph.ie/2023/07/26/four-investors-interested-in-giving-fresh-life-to-historic-mayo-hotel/
- Rubrik expands in Ireland with New Cork Office https://www.idaireland.com/latest-news/press-release/rubrik-expands-in-ireland-with-new-cork-office/
- Doctor rows in to buy Crosshaven’s The Oar with plans for a gastro pub: Well-known GP Nick Flynn has plans to turn the bar/restaurant into a foodie destination with the help of his Blue Haven pal https://www.irishexaminer.com/property/commercial/arid-41192053.html
- Retention permission sought to transform Laois barn into hospitality area https://www.leinsterexpress.ie/news/local-news/1258683/retention-permission-sought-to-transform-laois-barn-into-hospitality-area.html
- CLARE’S TOURISM ECONOMY has experienced “a significant loss” with the repurposing of hotels, B&Bs and guesthouses for accommodating International Protection Applicants. https://www.clareecho.ie/significant-loss-to-clares-tourism-economy-with-repurposing-of-hotels-bbs-guesthouses-for-asylum-seekers/
- Colliers appoints Eoin Feeney as new head of retail: The former BNP Paribas executive has more than 30 years of experience https://www.businesspost.ie/property/colliers-appoints-eoin-feeney-as-new-head-of-retail/
INTERNATIONAL PROPERTY NEWS
- New UK home registrations nosedive 42% – Latest new home registration figures have pointed to the true extent of the slowdown in building activity as interest rates hit a 15-year high. https://www.constructionenquirer.com/2023/07/26/new-home-registrations-nosedive-42/
- UK: Sir Robert McAlpine margin falls below 1% https://www.constructionenquirer.com/2023/07/24/sir-robert-mcalpine-margin-falls-below-1/
- Developer forced to dismantle AHMM modular homes due to defects https://www.bdonline.co.uk/news/developer-forced-to-dismantle-ahmm-modular-homes-due-to-defects/5124402.article
- City of London approves 63-storey tower plans https://www.constructionnews.co.uk/buildings/city-of-london-approves-63-storey-tower-plans-24-07-2023/
- Germany set to see sharp decline in housing construction https://www.iamexpat.de/housing/real-estate-news/germany-set-see-sharp-decline-housing-construction
- World’s largest battery energy storage park approved https://www.constructionenquirer.com/2023/07/26/worlds-largest-battery-energy-storage-park-approved/
- ‘I bought a holiday home in Sicily for €32k’ — and there’s more bargains in Spain, France and Portugal: Soaring summer temperatures haven’t stopped buyers hunting down bargain bolt holes https://www.thetimes.co.uk/article/i-bought-a-holiday-home-in-sicily-for-32k-and-theres-more-bargains-in-spain-france-and-portugal-q39wrskp9
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/