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: 

 

• Return of Celtic Tiger house prices a real threat, experts fear: Warning comes as Varadkar concedes home ownership is ‘ out of reach for too many’ and planners ‘down tools’ as court blocks projects (Judicial Reviews) https://m.independent.ie/irish-news/return-of-celtic-tiger-house-prices-a-real-threat-experts-fear-40558962.html

 

• New rules will mean only social and affordable housing for public lands in Dublin and Cork: Minister for Housing wants Land Development Agency to provide 100 per cent social and affordable homes on state’s sites in main cities https://www.businesspost.ie/houses/new-rules-will-mean-only-social-and-affordable-housing-for-public-lands-in-dublin-and-cork-4b0af282

 

• New Ireland, New ideas:  Dermot Desmond calls for “Ten per cent of the completed units in all large-scale housing developments should be provided at nil cost to the State and a further 10 per cent provided at cost. This would deflate land prices and recognise the benefit the State is conferring on developers and land owners through zoning and planning permission…” https://www.irishtimes.com/life-and-style/people/new-ireland-new-ideas-by-david-puttnam-dermot-desmond-catherine-motherway-and-more-1.4596401?mode=amp

 

• “If you’re not a sustainable business five years from now, you’re out of business” https://www.dezeen.com/2021/06/17/carl-hanses-son-sustainablity-talk/

 

• CBRE: The Role of ESG in the Multifamily Property Market: Considerations for the Irish Property Market https://www.irishrealestate.news/increasing-need-to-incorporate-sustainability-into-multifamily-schemes/ 

 

• Staff in local authorities face having to “hot desk “ in future under proposed new work practice reforms which could do away with the right to an individual designated work station.  https://www.irishtimes.com/news/social-affairs/local-authority-reforms-propose-ending-right-to-individual-desks-and-offices-1.4595389?mode=amp

 

• State urged to borrow up to €7bn more a year for housing; New president of SCSI says drastic action needed to avoid ‘another decade of despair’ https://www.irishtimes.com/life-and-style/homes-and-property/state-urged-to-borrow-up-to-7bn-more-a-year-for-housing-1.4593042?mode=amp

 

• Cost of new houses in Dublin could be cut by €30,000, Dáil told: Labour Bill recommends compulsory purchase of land for current value plus 25 % https://www.irishtimes.com/news/politics/oireachtas/cost-of-new-houses-in-dublin-could-be-cut-by-30-000-d%C3%A1il-told-1.4595448?mode=amp

 

• The Irish Council for Social Housing (ICSH) published its Housing Association Activity Report 2020 showing that Approved Housibg Bodies provided 3,312 social homes in 2020, 42 per cent of the national total https://www.irishtimes.com/news/social-affairs/social-homes-delivered-by-approved-housing-bodies-down-20-1.4596229?mode=amp

 

• Rose Fitzgerald Kennedy Bridge wins international award: Outstanding structure of the year for river Barrow bridge, key part of New Ross bypass https://www.irishtimes.com/news/ireland/irish-news/rose-fitzgerald-kennedy-bridge-wins-international-award-1.4596309?mode=amp

 

• The inside story: why senior business leaders make it part of their job to get to know journalists https://m.independent.ie/business/commercial-property/the-inside-story-why-senior-business-leadersmake-it-part-of-their-job-toget-to-know-journalists-40548132.html

 

• Host in Ireland Launches Initiative to Plant 1000+ Orchards in Ireland: “Orchards in the Community” created to encourage biodiverse habitats in local communities while protecting and feeding pollinators; Will enable pollination success tracking in Ireland for the first time https://www.irishrealestate.news/host-in-ireland-launches-initiative-to-plant-1000-orchards-in-ireland 

 

• Sustainable Development Report 2021 https://www.unsdsn.org/sustainable-development-report-2021

 

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/ 

 

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

 

(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)

 

 

 

SUNDAY LISTEN

 

 

Property Matters: Ireland’s First Weekly Property Radio Show & Podcast

 

Ireland’s first weekly property radio show, Property Matters, launched In January 2019 on 

Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com). The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.

*On Tuesday we will be airing an interview with Anya Martin of the UK groups Pricedout.org and London YIMBY about how State planners, developers/homebuilders and the community can work today.

 

*Listen back to all shows at: https://ipropertyradio.com/property-matters/

 

Email the Property Matters team at info@propertydistrict.ie 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

• The team at PLACEengage – Your Virtual Town Hall (a Property District Ireland initiative) wins Excellence in Public Sector Services Support Award for 2021! This award is all the more appreciated given the challenges of engaging with the community remotely on issues of urban planning and placemaking over the past year. https://placeengage.com/placeengage-wins-excellence-in-public-sector-services-support-award-for-2021/ 

 

• This very interesting poll reaffirms what the PLACEengage.com team have been saying for three or four years now, that NIMBY (not in my back yard) is the result of allowing the loud minority to be heard over the silent majority! Most voters would be happy to see new housing built in their areas and *believe it should be made more difficult to block developments* #YIMBY – Unsurprisingly, homeowners noticeably less supportive of new housing in their area https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/news/politics/irish-times-poll-majority-would-be-happy-to-see-new-housing-nearby-1.4597519?mode=amp

 

• New strategy required for fast-track planning in Ireland: As the toxic housing debate continues to crank up, the actual pipeline of new building is clogging up, according to Irish Institutional Property (IIP) https://www.thetimes.co.uk/article/agenda-new-strategy-required-fast-track-planning-ireland-lbr687qpv

 

• One-off housing bans are stopping families from building communities: The generations of a family can offer invaluable mutual support, to the benefit of the entire community — but our efforts to prevent ribbon development may be driving them apart https://www.irishexaminer.com/opinion/commentanalysis/arid-40313960.html?type=amp

 

• The year of the doughnut city: how the pandemic is changing settlement patterns – A trend in the US housing market has been accelerated by the pandemic: the move from city centres to the suburban ring. Now, it’s making its way to Ireland https://thecurrency.news/articles/50085/the-year-of-the-doughnut-city-how-the-pandemic-is-changing-settlement-patterns/

 

• Sandymount Village to be partly pedestrianised in outdoor summer boost: Dublin City Council have announced that the north end of Sandymount Green will go car free for July and August https://www.dublinlive.ie/news/sandymount-village-partly-pedestrianised-outdoor-20823115

 

• Concerns raised over co-living development in planned nursing home in Clondalkin – Dublin People https://dublinpeople.com/news/southside/articles/2021/06/15/concerns-raised-over-co-living-development-in-planned-nursing-home-in-clondalkin/

 

• Unprecedented public engagement on N/M20 Cork to Limerick virtual consultation: https://www.limerickpost.ie/2021/06/14/unprecedented-public-engagement-on-n-m20-cork-to-limerick-virtual-consultation/

 

• Preserving maritime design on the banks of the River Lee https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/life-and-style/homes-and-property/preserving-maritime-design-on-the-banks-of-the-river-lee-1.4581951?mode=amp

 

• Dozens object to new Limerick homes on banks of the Shannon https://www.limerickleader.ie/news/home/640331/dozens-object-to-new-limerick-homes-onbanks-of-the-shannon.html

 

• Clane community group challenges ‘massive over-development’: Residents aiming to collect €40,000 for legal challenge to two SHDs they say will worsen pressure on school places, traffic congestion and public transport https://www.businesspost.ie/Planning/clane-community-group-challenges-massive-over-development-7cde50f7

 

• Plans for development of Suir Island in Tipperary will be on the table soon https://www.tipperarylive.ie/news/home/640256/plans-for-development-of-suir-island-in-tipperary-will-be-on-the-table-soon.html

 

• Objections fly over proposed new apartment complex in Limerick: 23 local groups and individuals have written to council planners objecting to the proposals https://www.limerickleader.ie/news/home/641290/objections-fly-over-proposed-new-apartment-complex.html

 

*PLACEengage: The future of speedy, successful placemaking for property developers is here – Property developers and project owners ready Public Consultation are encouraged to contact the PLACEengage team for full details*

 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

• Covid restrictions cause 50.7% slump in Q1 planning permissions for dwelling units https://m.independent.ie/regionals/corkman/news/covid-restrictions-cause-507-slump-in-q1-planning-permissions-for-dwelling-units-40550543.html

 

• Builders, designers of mica homes should play role in redress, says Minister:  O’Brien seeks to ensure accountability for ‘people who have walked off the pitch’ https://www.irishtimes.com/news/ireland/irish-news/builders-designers-of-mica-homes-should-play-role-in-redress-says-minister-1.4595083?mode=amp

 

• O’Brien to put Housing Agency in charge of mica redress: The Housing Minister believes the revised €1.5 billion scheme would be too complex for Mayo and Donegal councils to administer https://www.businesspost.ie/houses/obrien-to-put-housing-agency-in-charge-of-mica-redress-8859d4eb

 

• Government weighs up industry levies to part-fund mica rebuilding costs: Proposals for similar levies were previously ruled out in cases of pyrite https://www.irishtimes.com/news/ireland/irish-news/government-weighs-up-industry-levies-to-part-fund-mica-rebuilding-costs-1.4597529?mode=amp

 

• Construction ‘ramps up’ in May with fastest increase in five years: Ulster Bank index shows surge in housebuilding activity after lifting of restrictions https://www.irishtimes.com/business/construction/construction-ramps-up-in-may-with-fastest-increase-in-five-years-1.4592174?mode=amp

 

• The Supreme Court has overturned a far-reaching High Court finding that a 2015 law, under which sectoral employment orders could set minimum pay and conditions within the building sector, is unconstitutional. https://www.irishtimes.com/business/work/minister-overstepped-powers-on-electricians-accord-supreme-court-finds-1.4597093?mode=amp

 

• A young girl who hurt her arm when it became impaled on railing spikes as she climbed a construction site wall has settled her High Court action for €75,000 https://www.breakingnews.ie/amp/ireland/cork-girl-impaled-on-construction-site-railings-settles-high-court-action-1141375.html

 

• Facilitating change: Ensuring safe work structures in post-Covid environment – Air quality, occupancy level and ventilation rates are all a key focus for clients and building users https://www.irishexaminer.com/business/companies/arid-40313264.html?type=amp

 

• Apprenticeships are vital to kick off building projects https://amp.rte.ie/amp/1229051/

 

• Leaving Cert construction studies: Working from home features on fair paper – Passive houses and sustainable living also appear on higher-level paper https://www.irishtimes.com/news/education/leaving-cert-construction-studies-working-from-home-features-on-fair-paper-1.4597434?mode=amp

 

• Tendering for whitewater rafting project postponed https://amp.rte.ie/amp/1228933/

 

• New €1.7bn Children’s Hospital project pushes BAM to big loss: The construction company says the project continues to present ‘a number of challenges to the group’ https://m.independent.ie/business/irish/new-17bn-childrens-hospital-projectpushes-bam-to-big-loss-40555658.html

 

• Projected cost of National Maternity Hospital now €800m: Figure has more than doubled amid renewed controversy over ownership https://www.irishtimes.com/news/politics/projected-cost-of-national-maternity-hospital-now-800m-1.4597579?mode=amp Also: Rising hopes of end to National Maternity Hospital site deadlock https://www.thetimes.co.uk/article/rising-hopes-end-national-maternity-hospital-site-deadlock-rl7g980b7

 

• Rezoning plan for 2,200 new homes in Dublin faces opposition from residents: Council to consider plan for 43 hectares of land in Finglas  https://m.independent.ie/irish-news/rezoning-plan-for2200-new-homes-in-dublin-faces-opposition-fromresidents-40534485.html

 

• Kennedy Wilson to build Dublin’s newest mixed used campus and urban quarter, Coopers Cross, in the North Docks:  With Cain International, John Sisk & Son, Designed by architects Henry J Lyons  – It will be constructed in a major single-phase https://amp.rte.ie/amp/1228162/ Also: Construction start shows enduring confidence in Dublin office market: Coopers Cross will include  commercial space, 472 new apartments, related resident amenities and a large outdoor park  https://m.independent.ie/business/commercial-property/construction-start-shows-enduring-confidence-in-dublin-office-market-40548144.html

 

• Chartered Land submits plan for 30-storey tower in Dublin city centre: Developer Joe O’Reilly lodges revised application for capital’s tallest residential building on Parkgate Street https://www.irishtimes.com/business/commercial-property/chartered-land-submits-plan-for-30-storey-tower-in-dublin-city-centre-1.4596535?mode=amp

 

• Bartra wins green light for co-living site in Ballsbridge:  The property developer Bartra has won approval to build a €25 million co-living scheme on Merrion Road in Ballsbridge, Dublin. An Bord Pleanala has gone against its inspector’s report to permit the construction of the development, which will comprise 99 bed spaces in a three- to five-storey building. https://www.thetimes.co.uk/article/bartra-wins-green-light-for-co-living-site-in-ballsbridge-lm26x592j

 

• Plans for new 54-bedroom hotel in Dublin’s  north inner city approved: Eight-storey development gets green light at site considered unsuitable for residential use https://www.irishtimes.com/business/commercial-property/plans-for-new-54-bedroom-hotel-in-dublin-s-north-inner-city-approved-1.4592319?mode=amp

 

• Bids approach €40m for Dublin’s former City Arts Centre: Marlet and RQ Two among those vying for Dublin docklands site https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/bids-approach-40m-for-dublin-s-former-city-arts-centre-1.4594127?mode=amp

 

• Charlie Chawke refused permission for Goatstown apartment scheme: Planning board says proposed scheme would result in overbearing form of development https://www.irishtimes.com/business/construction/charlie-chawke-refused-permission-for-goatstown-apartment-scheme-1.4597024?mode=amp

 

• Ready-to-go Dublin residential development site guiding at €995,000: Former Perrystown industrial property has full planning permission for 14 apartments https://www.irishtimes.com/business/commercial-property/ready-to-go-dublin-residential-development-site-guiding-at-995-000-1.4590717?mode=amp

 

• Bartra – delivering a €1.1bn pipeline and a 1,000 home pipeline https://www.built-environment-networking.com/news/bartra-development-ireland/

 

• Major tourism development plans proposed for Brittas https://www.echo.ie/news/article/major-tourism-development-plans-proposed-for-brittas

 

• Online retailing growth and Brexit boost confidence in new €25m Cork warehouse development: Geaney Group ready to go on 200,000 sq ft scheme, with four detached buildings off Cork-Dublin M8 motorway https://www.irishexaminer.com/property/commercial/arid-40315193.html

 

• Four major school projects to proceed in Cork under €100m development https://www.irishexaminer.com/news/munster/arid-40314731.html

 

• Lidl plan for new multi-storey development in Douglas would create 30 jobs and offer housing: Lidl have today announced their planning application to launch a a ‘landmark development’ in Douglas https://www.corkbeo.ie/news/local-news/lidl-plan-new-multi-storey-20846602

 

• Center Parcs Ireland planning €85m expansion with new treehouse lodges: Construction work would create 300 jobs, with a further 250 new positions at Center Parcs once building is complete https://m.independent.ie/life/travel/travel-news/center-parcs-ireland-planning85m-expansion-withnew-treehouse-lodges-40541012.html

 

• Work gets underway on €13m redevelopment of Old Grove Hospital in Tuam – Galway Bay FM https://galwaybayfm.ie/uncategorized/work-gets-underway-on-e13m-redevelopment-of-old-grove-hospital-in-tuam/

 

• Supermarket giant gets green light for build new store and houses in Kilkenny https://kilkennynow.ie/kilkenny-supermarket-sage-comes-to-an-end-as-permission-granted-for-new-store-and-homes/

 

• Kildare is in top four counties with most housing in the pipeline https://www.kildarenow.com/news/home/642335/kildare-is-in-top-four-counties-with-most-housing-in-the-pipeline.html

 

• Green light given for new factory in Portlaoise  https://www.leinsterexpress.ie/news/business/641279/green-light-given-for-new-factory-in-portlaoise.html

 

• Plans to fast-track 576 new homes in Athlone get green light: €182m scheme in Westmeath will see the delivery of 174 social housing units https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/construction/plans-to-fast-track-576-new-homes-in-athlone-get-green-light-1.4595287?mode=amp

 

• Application Lodged To Turn Former Nightclub Into Apartments In Westmeath https://www.midlands103.com/news/midlands-news/application-lodged-to-turn-former-nightclub-into-apartments-in-westmeath/

 

• Lidl to invest €75m in extension of Mullingar distribution centre: Project will support up to 1,200 construction jobs throughout its development phase https://www.irishtimes.com/business/commercial-property/lidl-to-invest-75m-in-extension-of-mullingar-distribution-centre-1.4595459?mode=amp

 

• Planning permission refused for glamping site close to Bailieborough | NorthernSound https://www.northernsound.ie/news/planning-permission-refused-for-glamping-site-close-to-bailieborough-176701

 

• Design phase begins for €120m Irish hydrogen plant: Energy company EI-H2 has appointed Worley to develop the concept design for what is set to be Ireland’s first facility to produce ‘green’ hydrogen at a commercial scale. https://www.theconstructionindex.co.uk/news/view/design-phase-begins-for-120-irish-hydrogen-plant?amp=1

 

• Northern Irish man dies six months after Philadelphia construction accident https://www.irishcentral.com/news/northern-irish-man-dies-philadelphia-construction-accident.amp

 

• Contractor secures orders against subcontractor over alleged delay to work at pharma plant: High Court orders made in favour of Sepam Solutions Ltd https://www.irishtimes.com/business/health-pharma/contractor-secures-orders-against-subcontractor-over-alleged-delay-to-work-at-pharma-plant-1.4597424?mode=amp

 

• Irish Headquartered Dornan Group has confirmed the appointment of Micheál O’Connor to the role of Managing Director for the business https://www.irishbuildingmagazine.ie/2021/06/14/micheal-oconnor-appointed-dornan-managing-director/

 

• The surge in fast-track strategic housing planning applications helped pre-tax profits increase more than five fold at architects O’Mahony Pike to €4.5m in 2019 https://m.independent.ie/business/irish/fast-track-housing-applications-help-profits-soarto-45m-at-architects-omahony-pike-40539444.html

 

• Chadwicks: Building for the Future on a Foundation of Excellence https://www.irishbuildingmagazine.ie/2021/06/18/chadwicks-building-for-the-future-on-a-foundation-of-excellence/

 

• Carbon Group: A local company with a global presence – Brian Walsh, CEO, says the focus on customer satisfaction is key to Carbon Group’s ongoing growth https://www.irishexaminer.com/business/technology/arid-40314386.html

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

• Proptech Ireland is updating the database of 2021 Irish technology providers for the built environment – From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based proptech  or MMC business sit?  Pease take five minutes to add or update your details to our internationally-shared listing here: SIGN UP HERE: *PROPTECH INNOVATORS and STARTUPS * 

 

• Survey: Technology & Innovation Needs for the Construction & Built Environment Sectors – Irish Green Building Council https://www.igbc.ie/technology_innovation_survey/

 

• CIF summit takes on digital zeitgeist – Virtual event took stock of changes brought about by the pandemic as well as technical advances https://www.businesspost.ie/commercial-reports/cif-summit-takes-on-digital-zeitgeist-63e8e12a

 

• Ireland could move to majority of homes built in factories off site: A construction conference has heard of the potential for modular homes, built off-site. https://www.irishexaminer.com/business/economy/arid-40316270.html?type=amp

 

• Helping transform the planning process across the Republic of Ireland https://www.built-environment-networking.com/news/vu-city-ireland-planning/

 

• Amro Partners launches venture capital arm with investment in Proptech start-up Coadjute https://www.finextra.com/pressarticle/88066/amro-partners-launches-venture-capital-arm-with-investment-in-proptech-start-up-coadjute/retail Also: Build-to-rent developer Amro Partners has launched a venture capital arm with £25m to invest in proptech and fintech start-ups https://www.egi.co.uk/news/btr-developer-launches-vc-business/

 

• PropTech firm claims virtual tours increase asking rents https://www.lettingagenttoday.co.uk/breaking-news/2021/6/proptech-firm-claims-virtual-tours-increase-asking-rents?source=newsticker

 

• London-based SearchSmartly aims to redefine the home search experience with €1.46 million in fresh funding | EU-Startups https://www.eu-startups.com/2021/06/london-based-searchsmartly-aims-to-redefine-the-home-search-experience-with-e1-46-million-in-fresh-funding/

 

• LOGISTICS WATCH: Fit for the future | propertyEU https://propertyeu.info/Nieuws/LOGISTICS-WATCH-Fit-for-the-future/06a5f63c-ef8c-4799-aa0d-ce8190b861f8

 

• Property Natter: how tech-led will estate agency be in 10 years? https://www.estateagenttoday.co.uk/features/2021/6/property-natter-how-tech-led-will-the-estate-agency-industry-be-in-10-years

 

• Peter Thiel backs mortgage startup Generation Home https://sifted.eu/articles/generation-home-peter-thiel/

 

• Co-living startup Habyt closes $24M Series B, merges with Homefully – TechCrunch https://techcrunch.com/2021/06/16/co-living-startup-habyt-closes-24m-series-b-merges-with-homefully/

 

• Australia is playing a trailblazing role in property technology https://techau.com.au/australia-is-playing-a-trailblazing-role-in-property-technology/

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

• House prices grow at fastest level recorded in more than two years https://www.irishtimes.com/business/economy/house-prices-grow-at-fastest-level-recorded-in-more-than-two-years-1.4594912?mode=amp

 

• Irish central bank sees potential for significant house price rises https://mobile.reuters.com/article/amp/idUSKCN2DS178

 

• Properties by the coast in Ireland now cost 23% more than before Covid-19 pandemic: This compares to a national average increase of just 8.7% in the same period. https://www.thejournal.ie/coastal-homes-prices-ireland-report-daft-5468843-Jun2021/?amp=1

 

• Irish housing shortage hits home for buyers and investors: Lack of supply and spiralling prices force by-election debate over property tax https://amp.ft.com/content/806ccbd8-ceee-454c-b5aa-8dc71bd5c80e

 

• Government Warned Housing Crisis Will Not Get Better Until At Least 2025 https://extra.ie/2021/06/20/news/politics/housing-crisis-2025-darragh-o-brien/amp

 

• Empty promises: can the government finally get to grips with the problem of vacant homes? In an upmarket Dublin suburb, a four-bed house bought by an overseas investor has been unoccupied since 2015; in the city centre, hundreds of luxury apartments owned by a US investment fund lie empty. A more radical approach to the problem is needed, experts say https://www.businesspost.ie/houses/empty-promises-can-the-government-finally-get-to-grips-with-the-problem-of-vacant-homes-31121538

 

• Shared understanding of needs vital to Ireland’s housing future https://www.irishtimes.com/opinion/shared-understanding-of-needs-vital-to-ireland-s-housing-future-1.4592201?mode=amp

 

• “Full proof of funds”: Estate agent asks potential buyers for detailed financial information before house viewings: Savills asked viewers for ‘evidence of savings’ or mortgage approval in principle documents including full amounts. https://www.thejournal.ie/savills-proof-of-funds-5466338-Jun2021/

 

• DPC to examine legality of estate agents collecting personal financial data: Privacy watchdog to issue guidelines after Savills sought ‘proof of funds’ to view houses https://www.irishtimes.com/business/media-and-marketing/dpc-to-examine-legality-of-estate-agents-collecting-personal-financial-data-1.4595382?mode=amp

 

• Estate Agents Told By State Body To Seek ‘Proof Of Funds’ To Buy:  One of the Government’s own agencies controversially told estate agents to look for proof of funds to buy a property before allowing a viewing https://extra.ie/2021/06/16/property/estate-agents-proof-funds-state-body/amp

 

• More estate agents sought buyers’ financial data for viewings: DNG among those who have sought detailed information in a practice described as ‘unwarranted and intrusive’ https://www.businesspost.ie/houses/more-estate-agents-sought-buyers-financial-data-for-viewings-2e519e83

 

• Auctioneers Call For Universal Mortgage Approval System https://www.midlands103.com/news/midlands-news/auctioneering-representative-body-calls-for-universal-mortgage-approval-system/

 

• Dublin home going for €235k over asking price sums up housing crisis perfectly https://www.dublinlive.ie/news/dublin-news/rathmines-home-going-235000-over-20849706.amp

 

• Mortgage arrears total declines despite high jobless rate: Central Bank data show number of home loans in arrears fell by 2,838 in first quarter https://www.irishtimes.com/business/financial-services/mortgage-arrears-total-declines-despite-high-jobless-rate-1.4596101?mode=amp

 

• Avant Money: Spanish bank to shake up mortgage market here with 30-year fixed-rate loans https://m.independent.ie/business/personal-finance/property-mortgages/spanish-bank-to-shake-up-mortgage-market-here-with-30-year-fixed-rate-loans-40552755.html

 

• Average age of a solo first-time buyer rises to 42 https://www.irishexaminer.com/news/arid-40315109.html

 

• Financial advice for new home buyers https://www.irishexaminer.com/property/residential/arid-40316465.html?type=amp

 

• Potential property buyers are being warned about using unlicensed sellers, after online portals Myhome.ie and Daft.ie agreed to not allow agents without licence numbers advertise on their sites https://m.independent.ie/business/farming/farm-property/dont-use-unlicensed-selling-agents-property-buyers-are-warned-40538858.html

 

• Luxury lettings company Period Door Properties seeks examiner: After a series of rental disputes with tenants, Period Door Properties has submitted a High Court petition https://www.thetimes.co.uk/article/luxury-lettings-company-period-door-properties-seeks-examiner-dublin-ireland-fz9shlvkp

 

• David McWilliams: Irish people like houses because they have made people rich: Housing has created a division between property-owning ‘insiders’ and locked-out ‘outsiders’ https://www.irishtimes.com/opinion/david-mcwilliams-irish-people-like-houses-because-they-have-made-people-rich-1.4596976?mode=amp

 

• Residents of Mayo housing estate flag health and safety concerns | Connaught Telegraph https://www.con-telegraph.ie/2021/06/17/residents-of-mayo-housing-estate-flag-health-and-safety-concerns/

 

• Building my dream home became a nightmare https://www.irishexaminer.com/news/arid-40317443.html?type=amp

 

• The majority of house hunters have a grim view of their future prospects of buying a home, according to a survey by MyHome.ie. https://m.independent.ie/irish-news/house-hunters-pessimistic-about-buying-a-home-40558964.html

 

• My daughter keeps getting outbid on houses. Should she just wait for prices to fall? Property Clinic: Current indicators suggest that prices will remain elevated for now https://www.irishtimes.com/life-and-style/homes-and-property/my-daughter-keeps-getting-outbid-on-houses-should-she-just-wait-for-prices-to-fall-1.4589630?mode=amp

 

• Travellers on ‘unsafe’ Cork halting site accept two of 20 housing offers https://www.irishexaminer.com/news/arid-40314065.html

 

• Concern for first time buyers as housing body secures part of new Limerick development https://www.limerickleader.ie/news/home/641843/concern-for-first-time-buyers-as-housing-body-secures-part-of-new-limerick-development.html

 

• Committee warned of potential “unintended consequences” from retrofitting https://greennews.ie/retrofitting-rollout-gentrification-budgetary-committee/

 

• Magazine Rd residents hit out at rental sector watchdog https://www.irishexaminer.com/news/munster/arid-40313771.html

 

• NUIG student accommodation firm records loss https://connachttribune.ie/nuig-student-accommodation-firm-records-loss/

 

• No homes to go to: Locals feel squeeze from wealthy elite – Demand from holiday-home hunters and returning emigrants driving prices higher https://www.irishtimes.com/life-and-style/homes-and-property/no-homes-to-go-to-locals-feel-squeeze-from-wealthy-elite-1.4589867?mode=amp

 

• Remote work choices allow new home buyers greater flexibility: Tommy Barker, Property Editor, looks at new patterns emerging in the Irish new homes market https://www-irishexaminer-com.cdn.ampproject.org/c/s/www.irishexaminer.com/property/developmentconstruction/arid-40316426.html?type=amp

 

• An expert’s guide to home staging so your flat or house is ready for market-Natasha Rocca Devine, staging specialist, explains how you can use the property sales technique to fall in love with your home again https://www.thetimes.co.uk/article/expert-guide-styling-your-home-sell-rent-natasha-rocca-devine-bndk53l6j

 

• 300 year-old Kilkenny country house renovation features on Nationwide https://www.kilkennypeople.ie/news/newsletter-kilkenny/641208/300-year-old-kilkenny-country-house-renovation-to-feature-on-nationwide.html

 

• New homes in Delgany with playgrounds and pitches from €470,000: Three-bed and four-bed houses with smart interiors and lots of green space https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/new-homes-in-delgany-with-playgrounds-and-pitches-from-470-000-1.4593047?mode=amp

 

 

COMMERCIAL PROPERTY NEWS

 

• Can Dundrum Town Centre hold on to its place as Ireland’s retail mecca? With Brown Thomas’s expansion delayed, the mall looks to other areas for reinvigoration https://www.irishtimes.com/life-and-style/can-dundrum-town-centre-hold-on-to-its-place-as-ireland-s-retail-mecca-1.4590880?mode=amp

 

• Mystery bidder’s Selfridges offer is a £4bn bet on the high street: The approach for the group, which includes Brown Thomas and Arnotts, comes at a critical time for retail, and for our city centres https://www.businesspost.ie/retail/ian-guider-mystery-bidders-selfridges-offer-is-a-ps4bn-bet-on-the-high-street-372cd0f5?auth=login

 

• Could Facebook’s remote working policy upend Dublin’s tech hub? Facebook’s decision to allow for permanent remote working could have a profound impact on Dublin’s future for tech and living https://www.siliconrepublic.com/careers/facebook-remote-working-policy-dublin

 

• Significant interest in new city offices, says IPUT https://m.independent.ie/business/commercial-property/significant-interest-in-new-city-offices-says-iput-40554999.html

 

• Ireland’s top two universities bought almost €50m of property in five years: Two new buildings for Trinity College Dublin accounted for the bulk of the spending since 2015 https://www.businesspost.ie/education/irelands-top-two-universities-bought-almost-eur50m-of-property-in-five-years-832e1db5

 

• Family dispute over Stephen’s Green property loans settled  https://www.breakingnews.ie/business/family-dispute-over-stephens-green-property-loans-settled-1141957.html

 

• Part of music venue the Grand Social taken over by landlord in rent dispute: Publican Frank Gleeson confident of resolution before expected full reopening in July https://www.irishtimes.com/business/part-of-music-venue-the-grand-social-taken-over-by-landlord-in-rent-dispute-1.4594280?mode=amp

 

• Charlemont House at €6.5m offers 5.14% net initial yield: Kennedy Wilson seeks buyer for Dublin 2 office block fully-let on new 10-year lease https://www.irishtimes.com/business/commercial-property/charlemont-house-at-6-5m-offers-5-14-net-initial-yield-1.4594053?mode=amp

 

• Luxury ‘Power’ gym chain opens doors at two Dublin locations https://www.dublinlive.ie/lifestyle/health-and-fitness/press-up-group-launches-new-20816131

 

• Fully-let Dublin city office centre investment for €2.55m: Sale of third floor at Ulysses House on Foley Street offers buyer 6.5% net initial yield https://www.irishtimes.com/business/commercial-property/fully-let-dublin-city-office-centre-investment-for-2-55m-1.4590723?mode=amp

 

• Malahide investment with prime residential potential guiding at €2.2m: Numbers 5 and 6 St James’s Terrace fully let and producing €133,920 in annual rental income https://www.irishtimes.com/business/commercial-property/malahide-investment-with-prime-residential-potential-guiding-at-2-2m-1.4594063?mode=amp

 

• Davy Hickey shareholder row: oppression or a simple difference of opinion? – The Currency : The Currency https://thecurrency.news/articles/51050/davy-hickey-shareholder-row-oppression-or-a-simple-difference-of-opinion/

 

• Layden Group seeks €10m for south Dublin office building: Sale of former Ericsson HQ includes site with full planning for five-storey office block https://www.irishtimes.com/business/commercial-property/layden-group-seeks-10m-for-south-dublin-office-building-1.4592957?mode=amp

 

• Exertis strikes deal for new 86,000sq ft Dublin HQ: DCC subsidiary takes over lease at Fonthill Business Park unit at rent of €7.53 per sq ft https://www.irishtimes.com/business/commercial-property/exertis-strikes-deal-for-new-86-000sq-ft-dublin-hq-1.4594132?mode=amp

 

• Courtown Adventure & Leisure Centre sold for more than €1m: Landmark Wexford complex set to reopen in coming months following sale to Active Tribe https://www.irishtimes.com/business/commercial-property/courtown-adventure-leisure-centre-sold-for-more-than-1m-1.4590633?mode=amp

 

 

INTERNATIONAL PROPERTY NEWS

 

• Deloitte tells UK staff they can work from home forever https://www-telegraph-co-uk.cdn.ampproject.org/c/s/www.telegraph.co.uk/business/2021/06/18/deloitte-tells-staff-work-home-forever/amp/

 

• How Marbella became a magnet for gangsters: We bring you an interesting longread each evening to take your mind off the news. https://www.thejournal.ie/evening-longread-marbella-gangsters-5466248-Jun2021/

 

• Do millennials really prefer to rent – or have we just been cheated out of a proper home? | Arwa Mahdawi https://www.theguardian.com/commentisfree/2021/jun/15/do-millennials-prefer-to-rent-or-have-we-been-cheated-out-of-proper-home

 

• Fears are growing about the financial health of some of Britain’s biggest landlords after the government extended a ban on commercial evictions to next year. https://www.thetimes.co.uk/article/landlords-feel-heat-as-ban-on-commercial-evictions-extended-3f2flgr33

 

• Amazing video shows 10-story high-rise built in a day https://newatlas.com/architecture/broad-group-prefab-high-rise/?amp=true

 

• New Harvard report unpacks the wild state of housing in 2021 https://www.fastcompany.com/90647269/new-harvard-report-unpacks-the-wild-state-of-housing-in-2021

 

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

Crowd-sourcing answers topical property questions:    

Irish Property Buyers Handbook annuals

 

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/