The broadsheets are full of local and European election fallout and commentary, so relatively light on industry coverage today. Also, I clear beat The Sunday Times delivery people to my local shop today so the main part of that newspaper is missing, however, I have all the inserts (Money/Business/Property).
If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/
Before we get stuck into the general property news of the week, below are a few local and international stories that might be of particular interest:
The world is changing…
- Irish start-up, Zoobox innovating an alternative model of manufactured housing for use in Ireland and for export
- Estate agencies top league table of shop closures across Britain https://www.estateagenttoday.co.uk/breaking-news/2019/5/estate-agency-branches-top-league-table-of-shop-closures-across-britain
- No company listed on the Irish stock market should have an all-male board by the end of this year:
In fact, on the front page of The Sunday Business Post today Aaron Rogan reports that ‘EY report vastly overstates number of women on Irish boards’ [by almost 100%…].
- “Newspaper circulation in Ireland has halved over the last decade and advertising revenue is in sharp decline, with online advertising this year predicted to be at least five times that of the print sector…” https://www.rte.ie/amp/1052336/
- The Residential Tenancies (Amendment) Act 2019 signed by President | Beauchamps https://www.beauchamps.ie/publications/735
As always, you might let me know if I have missed out on any relevant property news by emailing email@example.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!)
#PropertyMatters 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 (@iPropertyRadio). Seasoned political journalist and broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from the areas of planning, construction, property and proptech. Produced by Katie Tallon of Hear Me Roar Media.
On #PropertyMatters this week, we were joined in studio by newly-returned Independent Councillor Anne Colgan to discuss the impact of the local elections on the housing crisis; public loss assessor with Insurance Claim Solutions, Trevor Kelly and estate agent/founder of BestBid.ie Mark Durkin to discuss the continuing rise of online property auctions.
Produced by Katie Tallon, Shane Flynn on sound.
Email the Property Matters team at hello@iPropertyRadio.com
Public Consultation and Community Engagement
- Developer Johnny Ronan’s Ronan Group Real Estate (RGRE) has been confirmed as the successful purchaser of the 13-acre site at TC3 in Cherrywood, Dublin 18, earmarked for a major commercial and residential development.
*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*
Other Property News
- In the Sunday Independent today, Donal Lynch writes about ‘Ireland Creaking at the Seams’, with our “Trinity of dysfunction: housing, health and transport…”. He refers to ReBuilding Ireland as a “terrible failure” [which I personally do not agree with, this is too simplistic an analysis of such a large-scale policy of reform and correction].
- One of the lead business stories today is about the historic sale of Howth Castle and the 530-acre estate to Tetrarch Capital. The estate has been in the St. Lawrence family for 842 years and is now expected to be turned into luxury accommodation and golf course.
- In his column this week, Richard Curran quotes outgoing Central Bank governor Philip Lane, who stated in a media interview that there is no serious risk of a housing bubble, but a lack of houses and he noted the pressure on the construction industry [questioning capacity to meet demands?].
- The lead business story in The Sunday Times today reports that Nama paid bonuses of almost €10,000 to more than 100 staff last year. The Sunday Business Post also covers this story today.
- Brian Carey reports that Cairn Homes has invested more than €2 million (over a two-year period) in Tallaght building supplies provider Liffey Providers.
- Plans to develop more than 800 homes on a site Dunboyne are progressing in consultation with An Bord Pleanala.
- In the SBP, Killian Woods and Roisin Burke report that ‘Salesforce row could put developers back to square one’. (More on this below).
- In the property supplement of the SBP, DWS Alternatives Global has purchased 214 in the Fairway for €108m.
- Co-living and Bartra Capital remain in the newscycle with plans for a large scheme in Castleknock (former Brady’s Inn site), to deliver 204 ‘rooms’ over five storeys.
- This is a UK story… might it become an Irish story? ‘Housing market ‘to be dealt a serious blow’ as most new home sales use Help to Buy scheme’ https://www.telegraph.co.uk/money/consumer-affairs/housing-market-dealt-serious-blow-new-home-sales-use-help-buy/amp/
- Dublin house prices up almost nine times the rate incomes grew https://www.irishtimes.com/business/construction/dublin-house-prices-up-almost-nine-times-the-rate-incomes-grew-1.3910136?mode=amp
- Mortgage approvals rise by 9.5% in April – BPFI https://www.rte.ie/amp/1052107/
- Approvals tumble for buy-to-let mortgages https://www.irishtimes.com/business/financial-services/approvals-tumble-for-buy-to-let-mortgages-1.3906261?mode=amp
- Charlie Weston: ‘This is the biggest consumer scandal the country has ever suffered – and it is far from resolved’ – Independent.ie https://amp.independent.ie/business/personal-finance/property-mortgages/charlie-weston-this-is-the-biggest-consumer-scandal-the-country-has-ever-suffered-and-it-is-far-from-resolved-38165996.html
- What’s causing flight of Ireland’s buy-to-let landlords? [How long do you have..?] https://www.irishtimes.com/business/financial-services/what-s-causing-flight-of-ireland-s-buy-to-let-landlords-1.3906170?mode=amp
- TheJournal.ie – Minister for Housing accepts ‘need to do more’ as latest figures show record levels of homelessness https://www.thejournal.ie/homeless-figures-ireland-april-2019-4659008-May2019/?amp=1
- Developers lodge applications to build accommodation for over 650 in Limerick and Galway https://amp.breakingnews.ie/ireland/developers-lodge-applications-to-build-accommodation-for-over-650-in-limerick-and-galway-928179.html
- Plans for 20 serviced apartments in 18th-century buildings in Dublin get the go-ahead after appeal https://www.thejournal.ie/serviced-apartment-aungier-street-4655796-May2019/?amp=1
- Planning permission granted for the 15-storey Prism skyscraper set to transform Cork’s skyline (pictured above) https://www.echolive.ie/corknews/Planning-permission-granted-for-the-15-storey-Prism-skyscraper-set-to-transform-Corks-skyline-7f91cf86-0daf-4aaa-83ef-061a4f8f7ac5-ds
- Planning free-for-all has developers reaching for the sky with “ultra-liberal planning guidelines”… https://www.irishtimes.com/opinion/planning-free-for-all-has-developers-reaching-for-the-sky-1.3907348?mode=amp
- Or maybe not… Developer Johnny Ronan fails in High Court challenge to DCC building height guidelines – Independent.ie https://amp.independent.ie/irish-news/courts/developer-johnny-ronan-fails-in-high-court-challenge-to-dcc-building-height-guidelines-38164063.html
- €1.5m to secure prime pitch on Dublin city’s principal thoroughfare
Buyer of O’Connell Street building set to benefit from redevelopment of Clerys
- Cosgrave Group sells 214 units at Fairways for €108m –
DWS fund acquires apartment portfolio for 12% above €95m guide price:
- On-Demand Warehousing: Coming Soon To An Industrial Property Near You?
Read more at: https://www.bisnow.com/national/news/industrial/on-demand-warehousing-coming-soon-to-an-industrial-property-near-you-98813?utm_source=CopyShare&utm_medium=Browser
- Controversial plans for 500 homes near north Dublin park resubmitted https://amp.breakingnews.ie/ireland/controversial-plans-for-500-homes-near-north-dublin-park-resubmitted-927673.html
- Pension Toolbox talks on sites
by Natalie Ryan: http://cpas.newsweaver.com/CPASInsights/1rcizj6o8um
- Increase in construction exports positive step towards ending boom and bust – Construction Industry Federation https://cif.ie/2019/05/30/increase-in-construction-exports-positive-step-towards-ending-boom-and-bust/
- The start of the end? “After two years of vigorous growth, the UK’s leading demolition contractors are now treading water and profitability is starting to slide.”
- UK: Building services contractors bounce back but familiar problems remain https://www.theconstructionindex.co.uk/news/view/building-services-contractors-bounce-back-but-familiar-problems-remain
The Agile Agent
Getting Ireland’s Property Marketplace Digital by Default
The Agile Agent is a 12-month digital transformation programme for independent Irish estate agents and auctioneers, which runs from September – August. 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.
Q3. March – May 2019 Agile Agent check-in now available HERE:
To get involved and for free Proptech Prompts, please
Proptech and Construction Innovation
- I was delighted to moderate the investment/venture capital panel discussion ‘Is lack of early stage finance a barrier for startups?’ at Tech Connect 2019 in the RDS earlier this week (pictured above), there were lots of great funding insights!
- The Futuristic Tech Disrupting Real Estate and Construction https://singularityhub.com/2019/05/31/the-futuristic-tech-disrupting-real-estate-and-construction/amp/
- Are you an Irish-led or Ireland-based #proptech business? If so, please take five minutes to add or update your details to our internationally-shared listing here: SIGN UP: PROPTECH INNOVATORS and 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. Also, we are on a mission to get every Irish construction and property technology business registered on the global proptech database UNISSU. More details here:https://prop-tech.ie/global-proptech-data-platform-unissu-com-is-launched/
- This is big: MetaProp Raising Third, Largest Fund to Date
- More Construction Robots On the Way to Job Sites #contech | Pro Tool Reviews https://www.protoolreviews.com/news/more-construction-robots/45504/
- PropTech Startup AskPorter Launches Real Estate Industry Pioneers Program https://www.forbes.com/sites/angelicakrystledonati/2019/05/26/proptech-startup-askporter-launches-real-estate-industry-pioneers-program/amp/
- Will Digital Assistant Alexa Transform The Conveyancing Industry? https://www.todaysconveyancer.co.uk/main-news/will-digital-assistant-alexa-transform-conveyancing-industry/ #proptech
- Council Post: Four Proptech Advances That Are Changing The Way We Interact With Physical Space https://www.forbes.com/sites/forbesrealestatecouncil/2019/05/28/four-proptech-advances-that-are-changing-the-way-we-interact-with-physical-space/#24331a9d7ae1
- Proptech An Important Factor For Fintech’s Expansion : Finance : Business Times https://en.businesstimes.cn/articles/112735/20190527/proptech-an-important-factor-for-fintech-s-expansion.htm
- Download 14 BIM ‘View Templates’ for Expressive Floor Plans
- PropTech Today: We can’t ignore the technological underclass:
- How Blackstone Is Experimenting With Tech https://www.bisnow.com/london/news/technology/how-blackstone-is-experimenting-with-tech-99008#ath
- What Do Pitching and Investing Look Like In a Post-Elizabeth Holmes and Theranos World? https://www.entrepreneur.com/amphtml/334616
- Disruption has a profound impact | Insight | Property Week https://www.propertyweek.com/insight/disruption-has-a-profound-impact/5102947.article
- What the Future of PropTech Will Look Like | GlobeSt https://www.globest.com/2019/05/31/what-the-future-of-proptech-will-look-like/
- 8 Hottest Proptech Players in Asia | Fintech Singapore http://fintechnews.sg/30684/proptech/hottest-proptech-in-asia/
- PlaceTech | Equiem adds to board with focus on space analytics https://placetech.net/news/equiem-adds-to-board-with-focus-on-space-analytics/
- Property Natter – talking women in property, Brexit investment and PropTech
New 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 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.
From 2019, the publishers and I want to ensure the content remains topical and we are 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/