Sunday Property Round-Up, July 8th 2018

It has been a busy week on the housing front, more than that, it has been an exceptionally interesting one. Below are some of the biggest industry stories of the week, including some exciting technology innovations and announcements.  If you missed last week’s Sunday Property Round-Up, as always, you can catch up here:  https://propertydistrict.ie/sunday-property-round-up-july-1st-2018/

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

 

*Before I start this week’s Property Round-Up, I want to share this impressive story from An Post:

An Post makes history by delivering parcel via drone: https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/irish-news/an-post-makes-history-by-delivering-parcel-via-drone-37088535.html

 

(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

 

The following Guardian article makes for uncomfortable reading, however, it would be foolhardy to pretend that the sector isn’t facing huge change…

 

7,000 estate agents at risk of going to the wall, says study – High street operators face ‘triple whammy’ of internet competition, falling prices and fee cuts:

https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/business/2018/jul/01/7000-estate-agents-at-risk-of-going-to-the-wall-says-study

 

The Agile Agent – getting  Ireland’s property marketplace digital by default

It’s been almost two years in preparation so I am genuinely delighted to announce that ‘The Agile Agent’ 12-month digital transformation programme for Irish estate agents will kick off in September. This programme will be delivered by a multi-disciplinary Irish and UK team and will go beyond proptech adoption to help agents get their industry digital by default.  The ‘buddy system’ is something that we have been trialling amongst a few existing clients in an informal way and when it works, that is to say, when trust is formed and real sharing starts to happen, it is great for both agencies. By the way, this is something that I encourage all agents (and all businesses for that matter!) to try out, it can be a great resource, like an experienced but objective sounding board for your business.

 

For further details or to attend an information session please contact info@propertydistrict.ie

 

Thank you for the emails that we have received so far this week, everyone will be responded to over the next week.

 

 

Trending Property Story – Another exciting development for the Irish property industry!

 

  • New housing data map could ‘revolutionise’ public understanding #proptech

https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/news/social-affairs/new-housing-data-map-could-revolutionise-public-understanding-1.3556728?mode=amp

 

 

  • There’s More Wealth Along Dublin’s East Coast: https://www.98fm.com/Theres-More-Wealth-Along-Dublins-East-Coast

 

 

Other Property News

 

 

 

 

 

 

 

 

 

  • The CIF Top 50 Contractors were officially announced this week at an event held in the Iveagh Garden Hotel in Dublin.  Congratulations to the #Top50 companies whose turnover rose to €6.72 billion over the last 12 months: https://cif.ie/cif-top-50-contractors/

 

 

 

 

 

 

 

 

 

 

  • Dearbhail McDonald, writing in the Sunday Independent confirms that Michael Fingleton’s luxury hotel in Montenegro has now been sold for €10 million.

 

  • Gene Kerrigan gives his unique take on the housing crisis in the Sunday Independent today writing “ politicians and academics tell us the housing crisis arises from a shortage of supply. There is no housing shortage whatever I’m on the wealthy.“  he goes on to say that “wealthy people are sitting on planning permission for 25,000 houses in Dublin, waiting for prices and conditions to be improved before they will build“.

 

  • In  The Sunday Times today Brian Carey reports that Zamano “Is to come under pressure to provide an update on plans to complete the reverse takeover of housebuilder“. The housebuilder in question is Seamus Ross and it is understood that Zamano  had pledged to raise new capital through an underwritten issue of new shares to a new investor. Watch this space…

 

  • Also, housing not-for-profit Forecastle Residential Homes is aiming to raise €1billion to develop affordable rental homes in Ireland – the group is calling on the State to “Dig deep for affordable homes“.

 

  • Tom Lyons  has an article on page 3 of The Sunday Business Post today reporting on Michael Smurfit‘s “sadness“ at the prospect of selling the K Club.

 

  • Ian Guider, also in the SBP, writes that Hibernian Reit managers’ payments fell in 2017.

 

  • The SBP reports that “trophy homes sales well up on this time last year: Top-and buyers are nearly all Irish returning for abroad to wear is like grew up in“. Sales in the €1 million+ category were up about 50 in the first half of 2018 compared to the first half of 2017.

 

 

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 .

 

 

 

  • HOUSE THIS FOR A FIX?Meet the Louth brothers who believe they have found the answer to the Irish housing crisis – printing off 3D homes. Conor and Fintan McCormack, from Ardee came up with the idea for their revolutionary paper-printing 3D machine while they were both working in engineering in 2003:  https://www.thesun.ie/news/2810065/3d-printing-irish-housing-crisis/

 

 

 

 

 

  • In a feature on online estate agency Moovingo, the SBP  finally concedes that “perhaps one of the last bastions of traditional selling methods, the property industry is now undergoing a wave of modernisation and digitisation as the latest wave of technology is used to revolutionise real estate sales“ –  welcome to the #proptech party!

 

*A little something extra:

 

Some personal development for the weekend – Napoleon Hill’s 17 Principles of Personal Achievement via SUCCESS Magazine: http://www.success.com/article/napoleon-hills-17-principles-of-personal-achievement

 

 

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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