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: 

 

• I have spent time at the following build school myself over the last month and there is something potentially transformative happening there – the housing conversation is changing… ‘A social enterprise in Co Clare is taking a new approach to tackling Ireland’s housing crisis’: ‘Common Knowledge’, based in Ennistymon, has been teaching people from a variety of backgrounds how to build a “tiny home” through its Build School courses. https://www.rte.ie/news/2022/0601/1302505-tinyhome-housing-crisis/

 

• One fifth of people in Ireland living below poverty line when housing costs are included: A new study has examined poverty risk in the context of the cost of housing.  https://www.thejournal.ie/housing-crisis-ireland-poverty-cost-of-living-5777424-May2022/

 

• Rocketing rents and unaffordable house prices: “We have the chance to guarantee the human right to housing – rather than a real-life game of Monopoly. We must take it …” https://www.theguardian.com/commentisfree/2022/jun/02/rocketing-rents-unaffordable-house-prices-fixed

 

• ‘Things have never been as bad’: Young people being forced abroad by housing crisis  https://www.breakingnews.ie/amp/ireland/things-have-never-been-as-bad-young-people-being-forced-abroad-by-housing-crisis-1315632.html

 

• Local authorities slash and ‘dezone’ land that could be used for 100,000 homes  https://m.independent.ie/irish-news/news/local-authorities-slash-and-dezone-land-that-could-be-used-for-100000-homes-41711241.html

 

• Catholic Church’s billion-euro land sale is just getting started: Catholic religious organisations and dioceses have sold more than €1bn worth of land since 1999  https://www.irishtimes.com/ireland/2022/06/04/the-catholic-churchs-billion-euro-land-sale-and-its-just-getting-started/

 

• The Celtic Tiger warned us — bad planning is no solution to the housing crisis: The Department of Education’s controversial objections are grounded in good sense: Building estates with inadequate amenities is not a good response to the shortage of homes  https://www.irishexaminer.com/opinion/commentanalysis/arid-40884842.html

 

• An Bord Pleanála inspectors raised official concerns about being asked to change reports  https://www.irishexaminer.com/news/arid-40886393.html

 

• Questions over Paul Hyde’s nomination for role with An Bord Pleanála  https://www.irishexaminer.com/news/arid-40888103.html  Also: An Bord Pleanála wields so much power but how do we decide who is at the helm? Questions arise as to why Paul Hyde was nominated by the then defunct Irish Rural Dwellers Association as he had no known association with the body  https://www.irishexaminer.com/news/spotlight/arid-40888160.html 

 

 

• Planning regulator signals review over ‘wider concerns’ at An Bord Pleanála: Move seen as a sign of deepening anxiety in political and official circles  https://www.irishtimes.com/ireland/housing-planning/2022/06/04/planning-regulator-signals-review-over-wider-concerns-at-an-bord-pleanala/

 

• The RTB has apologised to landlords and letting agents for any inconvenience caused during the introduction of a new software system for registering tenancies over recent months. However, the board is confident that the system is fit for purpose https://www.rte.ie/news/business/2022/0602/1302665-rtb-says-new-software-system-fit-for-purpose/

 

• Stricter property funds resilience rules in pipeline, warns Makhlouf: Irish-based companies hold about €23 billion of domestic real-estate assets  https://www.irishtimes.com/business/2022/05/31/stricter-property-funds-resilience-rules-in-pipeline-warns-makhlouf/

 

• Using images of a lion’s head and Elon Musk, a convicted fraudster ran an alleged luxury property scam from Meath: Backers were told Lux Estate Capital, a purported luxury property investment firm, was worth millions and would deliver an 8 per cent return. However, the promoter is now in Spain and the backers of his Irish company are battling to get their money back.  https://thecurrency.news/articles/32975/using-images-of-a-lions-head-and-elon-musk-a-convicted-fraudster-allegedly-ran-a-global-luxury-property-scam-from-the-meath-town-of-athboy/

 

• Euro and punchy Irish yields are drawing in French property buyers  https://m.independent.ie/business/commercial-property/euro-and-punchy-irish-yields-are-drawing-in-french-property-buyers-41711432.html

 

• Estate agent Sherry FitzGerald is sold for approximately €50m: Serial entrepreneur Tommy Kelly acquires the country’s largest estate agent  https://www.irishexaminer.com/business/companies/arid-40885364.html

 

• Also: Why Tommy Kelly, one of Ireland’s richest men, bought Sherry Fitzgerald: Tommy Kelly paid about €50m for the country’s biggest residential estate agency — yet he’s ‘no property expert’  https://www.thetimes.co.uk/article/why-tommy-kelly-one-of-irelands-richest-men-bought-sherry-fitzgerald-zcs6wp7tw

 

• Government agrees two-year lease to use Citywest Hotel for Ukrainian refugees  https://www.irishexaminer.com/news/arid-40885919.html

 

• Proceedings against group allegedly trespassing in building ear-marked for refugees adjourned  https://www.breakingnews.ie/ireland/proceedings-against-group-allegedly-trespassing-in-building-ear-marked-for-refugees-adjourned-1315653.html

 

• Students in accommodation scheme at risk of homelessness  https://www.rte.ie/news/ireland/2022/0602/1302550-students-dublin-accommodation/

 

• Outdated websites will cost agents crucial leads as sellers demand high-quality sites and imagery  https://propertyindustryeye.com/estate-agents-with-outdates-websites-struggle-to-win-instructions/

 

• The Environmental Protection Agency has said that urgent implementation of all climate plans and policies, plus further new measures, are needed for Ireland to meet the 51% emissions reduction target for 2030.  https://amp.rte.ie/amp/1302341/

 

• Third energy supplier pulls out of Irish market  https://m.independent.ie/business/personal-finance/third-energy-supplier-pulls-out-of-irish-market-41706140.html

 

• The government today published a Progress Report on the 2021 Economic Recovery Plan, which is helping to drive a jobs-rich recovery, and supporting the transition towards a decarbonised and digital economy. https://www.gov.ie/en/press-release/786a8-publication-of-economic-recovery-plan-2021-progress-report/

 

• Vision, Goals and Conceptual Framework https://www.gov.ie/en/publication/f3b21-vision-goals-and-conceptual-framework/

 

• The rate strikes: What will the end of cheap money mean for Ireland? Higher interest rates could kill off private equity deals and clobber growth stocks  https://www.thetimes.co.uk/article/the-rate-strikes-what-will-the-end-of-cheap-money-mean-for-ireland-7c5sksknq

 

• Multinationals see growth while domestic businesses shrink  https://www.irishexaminer.com/business/economy/arid-40887704.html

 

• Crisis or correction? Tech giants plan for an uncertain future: Technology stocks are tumbling on markets worldwide, prompting comparisons to the dotcom bubble. With even giants like Zoom and PayPal cutting back and letting workers go, where is it all going to end? And will there be implications for Ireland? https://www.businesspost.ie/news-focus/crisis-or-correction-under-storm-clouds-tech-giants-plan-for-an-uncertain-future/

 

• Europe’s new capital of decadence isn’t where you might think: Move over Monte Carlo, au revoir Cannes, it’s the Emerald Isle that is inspiring a new wave of indulgent openings  https://www.telegraph.co.uk/travel/destinations/europe/ireland/europes-new-capital-decadence-isnt-might-think/

 

 

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

What started as #PropertyMatters, a single 60-minute show on Dublin South FM 93.9FM every Tuesday night, has now evolved into an online station hosting the very best construction, urban planning, property and proptech radio shows and podcasts from around the world. Our new website – produced by Hear Me Roar Media – offers audiences live and recorded access to global built environment content. To have your industry podcast included in the iPropertyRadio line-up, or to contribute as a guest on any of our shows, email the iPropertyRadio team at info@propertydistrict.ie

 

This week, host Bryan Fox chats to Dun Laoghaire-Rathdown Cllrs. Dave Quinn, Michael Fleming, Justin Moylan about the “huge number of objections” to a new apartment scheme for Dundrum. 

 

Produced by Hear Me Roar Media 

 

👉 Listen back to all shows at: https://ipropertyradio.com

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

• Housing adaptations ‘out of reach’ for older people due to rising costs, say TDs: ‘Significant waiting times’ for people to have grant approved by local authorities, Dáil hears  https://www.irishtimes.com/politics/oireachtas/2022/06/01/housing-adaptions-out-of-reach-for-older-people-due-to-unprecedented-construction-costs-say-tds/

 

• Locals near new National Children’s Hospital site unhappy with reduced access to project leaders: Residents have described ongoing concerns about how the works are impacting their area. https://www.thejournal.ie/national-childrens-hospital-residents-concerns-5775968-May2022/

 

• Historic landmark in south Dublin would be ‘ruined’ by plans for apartments: The neolitic tomb portal is over 5,000 years old and popular with tourists in the area  https://www.dublinlive.ie/news/dublin-news/historic-landmark-south-dublin-would-24129451

 

• How Dublin’s Modest Terraced Houses Came Back Into Fashion: Genteel Victorian structures formed the basis of a post-famine housing boom and speak to the city’s enduring love of low-rise buildings — a preference in the spotlight during a housing shortage https://www.bloomberg.com/news/features/2022-05-31/the-design-history-of-dublin-over-basement-row-houses

 

• The beautiful hidden Dublin city centre park you may not even know existed: Have you ever been to this beautiful park near Dorset Street? https://www.dublinlive.ie/whats-on/beautiful-hidden-dublin-city-centre-24102034

 

• Citywest: 764 rooms at the heart of Ireland’s response to the refugee crisis. The largest hotel in Ireland used to host political ard fheiseanna. Now it is a haven for Ukrainian refugees fleeing war after Russia’s invasion of their home country  https://www.businesspost.ie/news-focus/a-day-in-citywest-764-rooms-at-the-heart-of-irelands-response-to-the-refugee-crisis/

 

• Farmer takes court action over planning refusal for one-off rural housing  https://www.breakingnews.ie/amp/ireland/farmer-takes-court-action-over-planning-refusal-for-one-off-rural-housing-1313356.html

 

• State authorities not involved in plans to build 569 homes for Ukrainian refugees in Meath: ‘Campsite’ of modular homes planned for 15.8 hectare site near Laytown  https://www.businesspost.ie/news/state-authorities-not-involved-in-plans-to-build-569-homes-for-ukrainian-refugees-in-meath/

 

• Locals fear impact of 534-unit build-to-rent scheme on ancient Glendruid dolmen: A group compared the plan to the idea of building a 10-storey apartment block beside Newgrange.  https://www.thejournal.ie/dolmen-planning-opposition-5780715-Jun2022/

 

• New Digital Hub opens in Laragh  https://wicklownews.net/2022/05/new-digital-hub-opens-in-laragh/

 

• Cork Freemasons building will open to public more after extension approval: Vote by city councillors will allow the building to be used for more cultural and educational events, Freemasons say  https://www.irishexaminer.com/news/munster/arid-40885259.html

 

• DIY SOS are putting out the call for Cork volunteers, for a “mammoth” two episode project in July, retrofitting six homes in Mitchelstown for Ukrainian refugees. https://www.echolive.ie/corknews/arid-40886090.html

 

• Galway City Council urged to plan for Salthill overhaul  https://connachttribune.ie/galway-city-council-urged-to-plan-for-salthill-overhaul/

 

• Limerick council helped house 759 Ukrainian refugees  https://www.limerickpost.ie/2022/05/30/limerick-council-helped-house-759-ukrainian-refugees/

 

• Limerick families vow to stay and fight after being told to leave their homes  https://www.irishexaminer.com/news/arid-40884650.html

 

• Works underway on €20m facelift of Limerick’s Colbert Station  https://www.limerickleader.ie/news/home/824015/works-underway-on-20m-facelift-of-limerick-s-colbert-station.html

 

• Limerick shrubs up well as urban forest appears!  https://www.limerickleader.ie/news/home/828795/limerick-shrubs-up-well-as-urban-forest-appears.html

 

• New dockless bike-rental scheme could be rolled out in Limerick this summer  https://www.limerickleader.ie/news/local-news/827578/new-dockless-bike-rental-scheme-could-be-rolled-out-in-limerick-this-summer.html

 

• Celbridge Manor to house workers amid accommodation shortage: Move reflects the shortage of residential accommodation in the Leixlip and north Kildare area  https://m.independent.ie/business/commercial-property/celbridge-manor-to-house-workers-amid-accommodation-shortage-41711424.html

 

 

• Meeting Nenagh’s housing demand: Housing group acquire 16 homes  https://www.nenaghguardian.ie/2022/05/30/meeting-nenaghs-housing-demand/

 

• Residents’ petition on dangerous bend between Tipperary Town and Dundrum: Call on the Council to erect a safety barrier at Ballycrana, Kilross https://www.tipperarylive.ie/news/home/825817/residents-petition-on-dangerous-bend-between-tipperary-town-and-dundrum.html

 

• Progress made on plans for Suir Island amenity park in Tipperary: Consultants are preparing documentation for planning permission https://www.tipperarylive.ie/news/home/825372/progress-made-on-plans-for-suir-island-amenity-park-in-tipperary.html 

 

• The spectre of ghost estates loom large across parts of West Donegal: CPOs needed as the homeless break into houses for shelter  https://www.donegallive.ie/news/local-news/823781/the-spectre-of-ghost-estates-loom-large-across-parts-of-west-donegal.html

 

• Disappointment over Rosses Credit Union plans for bank building  https://donegalnews.com/2022/06/disappointment-over-rosses-credit-union-plans-for-bank-building/

 

 

*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* https://www.youtube.com/watch?v=rdwwKy4MA_4 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

• A Tralee man has become the President of Engineers Ireland. John Power was inaugurated as the professional membership body’s 130th President at its AGM this week.  https://www.radiokerry.ie/news/tralee-man-becomes-president-of-engineers-ireland-284453

 

• Bord Pleanála may reopen up to 20 rulings taken by Hyde: Internal review widening into allegations of impropriety in deputy chairman’s personal declarations to planning appeals body  https://www.irishtimes.com/ireland/housing-planning/2022/06/03/bord-pleanala-may-reopen-up-to-20-rulings-taken-by-hyde/ Also: Baker’s corner planning permission may be reviewed in ABP inquiry: Deputy board chairman Paul Hyde signed controversial decision to grant permission for student accommodation complex in Dún Laoghaire  https://www.irishtimes.com/ireland/housing-planning/2022/06/04/bakers-corner-planning-permission-may-be-reviewed-in-abp-inquiry/

 

• Construction activity remains below pre-pandemic levels: Output in building and construction declined by 2.4% in the first quarter of 2022 figures from the Central Statistics Office show https://www.irishexaminer.com/business/economy/arid-40885994.html

 

• Material price hikes cause slowdown in housing schemes being built: A number of developments around the country are being shelved temporarily until the construction materials market settles down, according to senior sources in the building industry housing schemes being built | Business Post https://www.businesspost.ie/news/material-price-hikes-cause-slowdown-in-housing-schemes-being-built/

 

• Donegal block manufacturer faces series of High Court cases over damaged bricks: At least eight homeowners have initiated High Court proceedings against Cassidy Brothers, as well as Donegal County Council and the National Standards Authority of Ireland  https://www.businesspost.ie/news/donegal-block-manufacturer-faces-series-of-high-court-cases-over-damaged-bricks/

 

• Shortfall in number of builders on-site at €1.7bn children’s hospital: The Department of Health said in a letter that the ‘productive labour resource’ working on the hospital is below the level agreed in the contract between the state and BAM, the main contractor on the project  https://www.businesspost.ie/news/shortfall-in-number-of-builders-on-site-at-e1-7bn-childrens-hospital/

 

• Harrison Street, Eagle Street to develop residential project in Ireland  https://realassets.ipe.com/news/harrison-street-eagle-street-to-develop-residential-project-in-ireland/10060206.article

 

• New build-to-rent development planned for the north docklands: The 554-residential unit at the East Road will also include 4,010 square metres of commercial space comprising offices, a café, a daycare facility and retail space  https://www.businesspost.ie/property/new-build-to-rent-development-planned-for-the-north-docklands/

 

• Dún Laoghaire-Rathdown clears way for 977 homes in Dundrum: Project planned for grounds of Central Mental Hospital  https://www.irishtimes.com/business/economy/2022/05/30/dun-laoghaire-rathdown-clears-way-for-977-homes-in-dundrum/

 

• Amazon and data centre developers mount attack on Fingal restrictions: The latest draft of the Fingal County Council development plan has proposed new zoning rules that would curtail the development of data centres  https://www.businesspost.ie/news/amazon-and-data-centre-developers-mount-attack-on-fingal-restrictions/

 

• Court challenge to permission for 18-storey tower beside Royal Hospital Kilmainham: Applicants claim development would have negative impact on neighbouring museum  https://www.irishtimes.com/business/2022/06/02/court-challenge-to-permission-for-18-storey-tower-beside-royal-hospital-kilmainham/

 

• Court overturns permission for 300 Dublin housing units  https://amp.rte.ie/amp/1302275/

 

• Ashford Castle owner secures planning for five-star hotel in Dublin  https://www.breakingnews.ie/ireland/ashford-castle-owner-secures-planning-for-five-star-hotel-in-dublin-1315708.html

 

• Dunnes Stores not happy with architectural quality of Point Square, court hears  https://www.breakingnews.ie/business/dunnes-stores-not-happy-with-architectural-quality-of-point-square-court-hears-1313327.html

 

• Dublin pubs: Iconic boozer could be turned into Centra as plans submitted: The pub with the huge clock is a landmark for those travelling into the city centre  https://www.dublinlive.ie/news/dublin-news/iconic-dublin-pub-could-turned-24117406

 

• Modified plans to convert former Bray Head Hotel into apartments lodged  https://m.independent.ie/regionals/wicklow/news/modified-plans-to-convert-former-bray-head-hotel-into-apartments-lodged-41709025.html

 

• Court grants injunction against former landowner in row over data centre land  https://www.breakingnews.ie/amp/ireland/court-grants-injunction-against-former-landowner-in-row-over-data-centre-land-1315162.html

 

• Development of nearly 300 homes in north Cork gets planning permission: The development also provides for a creche, seven neighbourhood play areas and a multi-use games area  https://www.irishexaminer.com/news/munster/arid-40886093.html

 

• Plans to build 99 houses and apartments on city outskirts  https://www.galwaydaily.com/news/housing/plans-to-build-99-houses-and-apartments-on-city-outskirts/

 

• Approval sought for 36 houses in Ballinasloe  https://www.galwaydaily.com/news/housing/approval-sought-for-36-houses-in-ballinasloe/

 

• High Court quashes planning decision on Apple in Athenry  https://connachttribune.ie/high-court-quashes-planning-decision-on-apple-in-athenry/

 

• Bord Pleanála gives green light for fast-track residential schemes in Limerick and Cork: Projects with 464 residential units approved but worries over flooding and impact on wildlife see Oranmore plan blocked  https://www.irishtimes.com/business/2022/05/31/bord-pleanala-gives-green-light-for-fast-track-residential-schemes-in-limerick-and-cork/

 

• Limerick City and County Council agrees to sell derelict site for €515k  https://www.limerickleader.ie/news/home/824685/limerick-city-and-county-council-agrees-to-sell-derelict-site-for-515k.html

 

• 40 apartments planned for Kildare site, planning permission documents show  https://www.kildarenow.com/news/home/823997/40-apartments-planned-for-kildare-site-planning-permission-documents-show.html

 

• Kildare has second highest house building rate in Ireland this year – Department of Housing  https://www.kildarenow.com/news/home/827246/kildare-has-second-highest-house-building-rate-in-ireland-this-year-dept.html

 

• Laois land owner hit with big fine for not building houses  https://www.leinsterexpress.ie/news/local-news/827327/laois-land-owner-hit-with-big-fine-for-not-building-houses.html

 

• Waterways Ireland is pushing ahead with plans to develop a new €3m centre on the outskirts of Tullamore. https://www.offalyindependent.ie/2022/06/03/new-e3m-depot-planned-close-to-tullamore/

 

• Planning permission sought for over 90 residential units in West Kerry  https://www.radiokerry.ie/news/planning-permission-sought-for-over-90-residential-units-in-west-kerry-283750

 

• H&MV Engineering powers up across globe: PJ Flanagan was the company’s second employee and now he is leading it to international success  https://www.thetimes.co.uk/article/h-amp-mv-engineering-powers-up-across-globe-cmjnr3wl2

 

• Cathexis announces the acquisition of Jones Engineering  https://irishbuildingmagazine.ie/2022/06/03/cathexis-announces-the-acquisition-of-jones-engineering/

 

• John Sisk & Son today announced a number of senior management appointments which will strengthen the leadership team and bring a sharper focus to some of the sectors the company operates in.  https://irishbuildingmagazine.ie/2022/06/01/senior-management-appointments-at-sisk/

 

• Ford and Balfour Beatty launch construction site mental health campaign https://www.employeebenefits.co.uk/balfour-beatty-ford-construction-mental-health-campaign/

 

PROPTECH, ESG, MMC & CONSTRUCTION INNOVATION

• Proptech Ireland is updating the database of 2022 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

 

• Residential asset managers must wake up to the power of proptech: The more we use data to make calculated decisions, the more we can safeguard against losses https://reactnews.com/article/residential-asset-managers-must-wake-up-to-the-power-of-proptech/

 

• PropTech Market Size is predicted to be valued at US$ 86.5 Billion by 2032  https://www.globenewswire.com/news-release/2022/06/03/2456096/0/en/PropTech-Market-Size-is-predicted-to-be-valued-at-US-86-5-Billion-by-2032-Future-Market-Insights-Inc.html

 

• Dublin’s Elkstone invests in Munich proptech start-up’s idea for rental market  https://www.siliconrepublic.com/start-ups/elkstone-invest-munich-proptech-idea

 

• Analysis: ESG monitoring leads to surge in proptech VC funding | Connected Real Estate Magazine https://connectedremag.com/connectivity-tech/analysis-esg-monitoring-leads-to-surge-in-proptech-vc-funding/

 

But…

• PlaceTech | Is a backlash brewing against ESG? https://placetech-net.cdn.ampproject.org/c/s/placetech.net/esg/is-a-backlash-brewing-against-esg/amp/

 

• PropTech Today – Let’s get moving with digitising the upfront information agenda  https://www.estateagenttoday.co.uk/breaking-news/2022/5/proptech-today–upfront-information-agenda

 

• Offr makes move into South African property market | Business Post https://www.businesspost.ie/news/offr-makes-move-into-south-african-property-market/

 

• We never fully own smart home tech, and that has upsides and downsides  https://9to5mac.com/2022/05/31/smart-home-tech/

 

• Replacing Cement with Waste: Embracing the Circular Economy with Polymer Technology  https://www.archdaily.com/979161/replacing-cement-with-waste-embracing-the-circular-economy-with-polymer-technology

 

• What is Open BIM and What Are Its Advantages Over Closed BIM?  https://www.archdaily.com/982389/what-is-open-bim-and-what-are-its-advantages-over-closed-bim

 

• Moving Construction Firms Toward Tech-Forward Innovation  https://www.forbes.com/sites/jeffsteele/2022/06/01/moving-construction-firms-toward-tech-forward-innovation/?sh=5bfba7813977

 

• Meet the Winners of the 2022 ArchDaily Visualization Award  https://www.archdaily.com/982975/meet-the-winners-of-the-2022-archdaily-visualization-award

 

• Cobe uses Spacemaker’s AI software to future-proof its designs https://www.dezeen.com/2022/05/31/cobe-spacemakers-ai-software/

 

• Rising costs and lack of skills hindering digitalisation of construction https://www.showhouse.co.uk/news/rising-costs-and-lack-of-skills-hindering-digitalisation-of-construction/

 

• Why digital technology and green skills are a perfect match for construction https://www.pbctoday.co.uk/news/featured/procore-digital-technology-and-green-skills-sustainable-construction/111373/

 

• 3D models: Why a smarter approach is the key to better, safer homes  https://www.pbctoday.co.uk/news/bim-news/3d-data-models-safer-homes-civica/111256/

 

• Construction 4.0 – how will an evolution in planning tools pave the way for local authorities?  https://www.pbctoday.co.uk/news/bim-news/construction-4-0-digital-planning-tools-bim-vr/111228/

 

• $600M ESG Venture Acquires First Multifamily Asset For Conversion To Low-Carbon Building https://www.bisnow.com/national/news/investment/600m-esg-venture-acquires-first-value-add-multifamily-asset-for-conversion-to-low-carbon-building-113212

 

• Two Proptech Companies Partner on Flexible Payments for Renters | GlobeSt https://www.globest.com/2022/06/03/two-proptech-companies-partner-on-flexible-payments-for-renters/

 

• “Staggering amount of investment capital” focused on proptech – REJournals https://rejournals.com/staggering-amount-of-investment-capital-focused-on-proptech/

 

• Parvis raises $2.6M for blockchain-based real estate investment platform – FinLedger https://finledger.com/articles/parvis-raises-2-6m-for-blockchain-based-real-estate-investment-platform/

 

• Blackstone Innovations Investments Leads Funding Round for Cove – Commercial Observer https://commercialobserver.com/2022/06/blackstone-innovations-funding-cove/

 

• Setpoint announces real estate transaction platform launch, $615M debt raise – FinLedger https://finledger.com/articles/setpoint-announces-real-estate-transaction-platform-launch-615m-debt-raise/

 

• PropTech Unicorn PLACE Wins GeekWire’s Deal of the Year Funding Award – Benzinga https://www.benzinga.com/pressreleases/22/06/n27495509/proptech-unicorn-place-wins-geekwires-deal-of-the-year-funding-award

 

• La Haus Chosen as Best Startup Proptech in Latin America 2022 | Business Wire https://www.businesswire.com/news/home/20220603005139/en/La-Haus-Chosen-as-Best-Startup-Proptech-in-Latin-America-2022

 

• Will the metaverse alter the commercial landscape? – Tvore https://tvore.com/1592/metaverse/will-the-metaverse-alter-the-commercial-landscape/

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• Government to consider new tax breaks for small landlords: The plan would reduce rents while allowing small landlords to earn substantially more https://www.businesspost.ie/news/government-to-consider-new-tax-breaks-for-small-landlords/ Also: Tax cuts for smaller landlords is a necessary move to relieve rental crisis: If the government can develop a new, well-structured tax incentive for small landlords, it could act as a major lever to encourage property owners back into the rental market https://www.businesspost.ie/analysis-opinion/editorial-tax-cuts-for-smaller-landlords-is-a-necessary-move-to-relieve-rental-crisis/

 

• Have we hit peak house prices – Is now the right time to buy?  https://m.independent.ie/podcasts/the-indo-daily/the-indo-daily-have-we-hit-peak-house-prices-is-now-the-right-time-to-buy-41696519.html

 

• Could return of bridging loans help fix our current housing supply problem?  https://m.independent.ie/business/irish/could-return-of-bridging-loans-help-fix-our-current-housing-supply-problem-41701226.html

 

• Housing Assistance Payment discretion rate to increase by up to 35% https://www.rte.ie/news/ireland/2022/0603/1302821-housing-assistance-payment/

 

• Generation Rent: No happy ending in my race against time to find a new home https://extra.ie/2022/06/03/opinion/generation-rent-times-up-in-my-race-to-find-a-new-home

 

• Dublin Airbnb’ers can pay off monthly mortgage faster than European hosts: An analysis of Airbnb rates in Europe showed that a three-bedroom home in Dublin would, on average, get almost €259 a night for being leased out  https://www.businesspost.ie/news/dublin-airbnbers-can-pay-off-monthly-mortgage-faster-than-european-hosts/

 

• Galway cleaning firm helps with housing to attract staff: Loughrea-based Neylons Facility Management subsidises the cost of rent for some employees and provides security guarantees for landlords https://www.businesspost.ie/news/galway-cleaning-firm-helps-with-housing-to-attract-staff/

 

• Housing body announces completion of new apartment complex in Limerick https://www.limerickleader.ie/news/property/827169/housing-body-announces-completion-of-new-apartment-complex-in-limerick.html

 

• Need for comprehensive register of vacant properties in Limerick  https://www.limerickpost.ie/2022/06/01/need-for-comprehensive-register-of-vacant-properties-in-limerick/

 

• Owners of the most inefficient homes excluded from State retrofitting scheme  https://www.irishexaminer.com/news/arid-40887503.html

 

• New properties on the market in Co Louth, Co Galway, Dublin, Co Kildare and Co Limerick: Grainne Rothery’s pick of the properties available to buy in Ireland this week  https://www.thetimes.co.uk/article/new-properties-on-the-market-in-co-louth-co-galway-dublin-co-kildare-and-co-limerick-f98hghtv3

 

• RTE’s Mark Rogers explains how to successfully find a house in ‘difficult’ property market: Today Show beauty expert recently closed the deal on a new house with his husband as he shares his top three tips for successfully finding your next home in a difficult market  https://www.rsvplive.ie/news/celebs/rtes-mark-rogers-explains-how-26947791.amp

 

• Sale of Walford on Shrewsbury Road liable for €1.4m stamp duty, court rules  https://www.breakingnews.ie/business/sale-of-walford-on-shrewsbury-road-liable-for-e1-4m-stamp-duty-court-rules-1314444.html

 

• Howth mansion with swimming pool that transforms into a dancefloor hits market for €15m: Having a pool that transforms into a dancefloor is the thing of dreams  https://www.dublinlive.ie/news/property/dublin-mansion-swimming-pool-transforms-24127838.amp

 

• Reimagining the Bathroom: Contemporary Bathtubs for Total Relaxation https://www.archdaily.com/982543/reimagining-the-bathroom-contemporary-bathtubs-for-total-relaxation

 

 

COMMERCIAL PROPERTY NEWS

• Investor interest buoys hotel sector as it finds its feet once more https://www.businesspost.ie/property/investor-interest-buoys-hotel-sector-as-it-finds-its-feet-once-more/

 

• Grafton Street gearing up for opening of new wave of retailers: Numerous international brands now vying for pitch in Dublin’s premier shopping area  https://www.irishtimes.com/business/commercial-property/grafton-street-gearing-up-for-opening-of-new-wave-of-retailers-1.4882046

 

• BlackBee to exit investment market as interest rates rise: Company winding down with restructuring of its extensive property assets  https://www.thetimes.co.uk/article/blackbee-exit-investment-market-ireland-interest-rates-rise-5p25gslh6

 

• Brussels-listed Aedificia to double size of its Irish portfolio: Investment trust plans to buy and develop more nursing homes and other healthcare properties to a total value of €300 million  https://www.businesspost.ie/news/brussels-listed-aedificia-to-double-size-of-its-irish-portfolio/

 

• Landmark AIB bank branch on Upper Baggot Street for €3.2m: Private investor seeks buyer as bank moves operation from the high street to online  https://www.irishtimes.com/business/commercial-property/landmark-aib-bank-branch-on-upper-baggot-street-for-3-2m-1.4887130

 

• ServiceNow signs 12-year lease for prime Dawson Street office space: The American software giant agreed the deal with MARK and BCP Asset Management to rent the new 13,470 square metre Grade A office development in Dublin city centre  https://www.businesspost.ie/property/servicenow-signs-12-year-lease-for-prime-dawson-street-office-space/

 

• UK firm Attestor Capital offers €9.4m for Bleeding Horse pub in Dublin: London investment firm has invested heavily in Dublin pub scene, but co-owner of Bleeding Horse suggests he wants it to pay higher price  https://www.irishtimes.com/business/2022/06/02/uk-firm-attestor-capital-makes-94m-offer-for-the-bleeding-horse-pub-in-dublin/

 

• Medical device company chooses Galway for new centre of excellence  https://www.galwaydaily.com/business/medical-device-company-chooses-galway-for-new-centre-of-excellence/

 

• Opening date confirmed as Penneys in Carlow returns to Kennedy Avenue: The shop is returning to its original home on Kennedy Avenue in the town.  https://kclr96fm.com/opening-date-confirmed-as-penneys-in-carlow-returns-to-kennedy-avenue/

 

• Five prime Longford/Leitrim properties are to go under the hammer at the latest Smith Properties auction next week. https://www.anglocelt.ie/2022/06/04/prime-local-properties-going-to-auction/

 

INTERNATIONAL PROPERTY NEWS

• Ireland prepares ‘whole property’ Airbnb clampdown – could UK be next?  https://www.landlordzone.co.uk/news/ireland-prepares-whole-property-airbnb-clampdown-could-uk-be-next/

 

• Revealed – London worst region for property sector unprofessionalism https://www.introducertoday.co.uk/breaking-news/2022/5/revealed–london-worst-region-for-property-sector-unprofessionalism?source=newsticker

 

• UK retail figures show unconfident shoppers still staying home: Cost of living concerns and shift to working from home continue to hold footfall below pre-Covid levels https://amp.theguardian.com/business/2022/jun/03/retail-figures-uk-shoppers-stay-home-footfall-below-pre-covid-levels

 

• Building Blocks: Rethinking the Facade in Berlin https://www.archdaily.com/983011/building-blocks-rethinking-the-facade-in-berlin

 

• Frank Gehry unveils new visuals of his tallest-ever residential skyscrapers https://www.dezeen.com/2022/06/01/frank-gehry-unveils-new-visuals-of-his-tallest-ever-residential-skyscrapers/

 

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/