Sunday Property Round-Up: March 17th, 2019

 

Good morning folks and the greenest St. Patrick’s Day greetings to all!  Unfortunately, today’s Round-Up is not coming all the way from Cannes, but I have included some features from MIPIM.

 

If you missed last week’s Sunday Property Round-Up, which was full of industry and tech/innovation news, 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 three stories that might be of particular interest…

 

  • The most important property story of the day (perhaps of the year to date?) appears on the front page of The Sunday Business Post. Political reporter Michael Brennan quotes Housing Minister Eoghan Murphy as he recounts his and others’ NIMBY approach to local development while still a sitting councillor within DCC and his mission to change this as he believes it leads to “wrong decisions”. I was fortunate enough to be on the WPCI (Women in Property & Construction Ireland) panel for that particular discussion with Gary Cooper of Ronan Group Real Estate, Rachel Kenny of An Bord Pleanala.  More here: 

 

 

 

 

 

 

 

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!)

 

#PropertyMatters Ireland’s First Weekly Property Radio Show (& Podcast!):

 

#PropertyMatters on Dublin South FM, Tuesdays 6-7pm

 

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.

 

This week we were joined in studio by Sean Corbett of Mortgage 123 to help would-be buyers and investors to prepare for their mortgage application; Darragh Lynch of Darragh Lynch Architects who told us of a collaborative project amongst six Malahide neighbours to develop the mews lane at the rear of their homes (great solution for those wishing to downsize without leaving their neighbourhoods!); and Amanda Bone of Amanda Bone Architects joined us to discuss trends in the Dublin market and how great design can unlock the hidden potential of even the tiniest home!

 

*Listen back to the most recent episode of #PropertyMatters here: https://anchor.fm/ipropertyradio/episodes/Property-Matters–12th-March-2019-e3es3l

 

As #PropertyMatters kicks off a third month of broadcasting, this is a good time to thank all of our guests and listeners to date.  We welcome feedback and ideas for further contributors and topics you would like to hear covered: https://caroltallon.com/irelands-first-weekly-property-radio-show-podcast/ – email the Property Matters team at hello@iPropertyRadio.com

 

*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio

 

PLACEMAKING

Public Consultation and Community Engagement

 

 

  • John Moran, newly-appointed chair of the Land Development Agency, or LDA, has a op-ed on page 18 of the Sunday Independent today in which he writes: “Cities must work together to stand shoulder to shoulder with Dublin”.

 

 

 

 

 

 

 

 

*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

 

 

 

 

But…

 

 

 

 

 

 

  • Joey Sheahan, Head of Credit at MyMortgages.ie writes in the Sunday Independent today about ‘How interest rate changes could sink Ireland’s tracker mortgage ship: Steady repayments over the last 10 years have left borrowers unused to fluctuations’.

 

  • The lead business story in the Sunday Independent today reveals that the Department of Housing is seeking to quadruple the size of the Rebuilding Ireland Home Loan  fund due to greater demand. Last week it was reported that Fingal had already approved 57% of the total national 3-year budget so this is a smart move i.e. give greater resources to an initiative that it actually working!

 

  • Also in the Independent today, Ires has been approved to build a further 428 new apartments at Carmanhall Road in Sandyford, while Kategale Ltd (linked to UK’s Westhill) has been given the go-ahead for a two-phase masterplan for 200 residential and commercial units at Santry.

 

  • The lead business story in The Sunday Times today reports that software company Slack is apparently interested in occupying ESB’s 1,000 person capacity block Fitzwilliam 28.

 

 

 

 

 

 

  • Gavin Daly in the Times today reports that UK-based Tide Construction, owned by Irish developer John Fleming (one of the first to go in the crash, with debts of 800 million euro) has turned over 93.3m sterling in 2018 – 10.4m sterling profits.

 

  • In The Sunday Business Post, it is reported that Saudi Arabia’s Prince Khalid bin Abdullah has invested 700 million euro into the redevelopment of the Curragh racecourse.

 

  • Also in the SBP, Killian Woods (formerly Fora .ie) reports that Friends First has sought planning to lease six apartments on Clarendon Street in Dublin 2 on a short-term basis (getting out ahead of the new Airbnb rules!). The same journalist reports that DCC is yet to collect 2.7million euro of vacant sites fines.

 

 

  • Buy-to-let isn’t dead: meet the new generation of young property investors https://www.telegraph.co.uk/property/buy-to-let/buy-to-let-isnt-dead-meet-new-generation-young-property-investors/amp/

 

 

  • An Bord Pleanala opens talks on €30m Limerick housing project https://www.limerickleader.ie/news/home/368510/an-bord-pleanala-opens-talks-on-30m-limerick-housing-project.html

 

  • Non-bank mortgages key to cutting Irish interest rates, study finds https://www.irishtimes.com/business/non-bank-mortgages-key-to-cutting-irish-interest-rates-study-finds-1.3820799?mode=amp

 

 

 

 

 

  • Delighted to see Irish owned and operated Iconic Offices  make it to number 6 of the 50 Best #CoWorking Spots In Europe – Big Seven Travel https://bigseventravel.com/2019/03/europe-coworking/

 

  • €86m Dún Laoghaire harbour projects in doubt https://www.irishtimes.com/news/ireland/irish-news/86m-d%C3%BAn-laoghaire-harbour-projects-in-doubt-1.3822248

 

 

  • The SBP today reports that “Cork energy tycoon Michael Murnane, one of the country’s biggest wind farm developers, has plans to enter the data centre sector”. I had the welcome task of moderating a panel discussion on the Host in Ireland Data Centres stage at the National Construction Summit in Citywest earlier this week and it is clear that Ireland’s 1.3 billion euro data centre sector is set to grow exponentially over the coming decade.

 

 

 

 

 

 

 

 

 

 

 

 

Proptech and Construction Innovation

 

 

 

 

 

  • British Property Federation urges government to create coherent proptech strategy – Workplace Insight https://workplaceinsight.net/british-property-federation-urges-government-to-create-coherent-proptech-strategy/

 

 

 

  • 5G/IoT Accelerator Programme is now open for Applications thanks to  @VodafoneIreland @ericsson & @NovaUCD Might be of interest to #proptech innovators
    ucd.ie/innovation/nov…
    http://www.ucd.ie/innovation/novaucd-5g-accelerator/

 

 

  • PlaceTech | Proptech dominates SXSW Pitch event https://placetech.net/news/proptech-dominates-sxsw-pitch-event/

 

 

 

  • PlaceTech | MIPIM: 8 of the best innovations from the exhibition floor https://placetech.net/news/mipim-8-of-the-best-innovations-from-the-exhibition-floor/

 

 

 

 

 

 

  • Buy to let investors told: Don’t sell up – cut costs instead
    https://www.lettingagenttoday.co.uk/breaking-news/2019/3/buy-to-let-investors-told-dont-sell-up–cut-costs-instead

 

 

 

 

Crowd-sourcing answers topical property questions:   New Facebook Group for Irish Property Buyers & Investors

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/

 

 

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