Weekly Irish property market news and insights – for the industry, by the industry  

 

*DEADLINE EXTENDED* Have you submitted your nominations for The National Property Awards 2022? The final date for nominations has been extended to Monday 28th March. Entry is completely free and you are invited to nominate in all applicable award categories. Apply now https://nationalpropertyawards.ie/awards/

 

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: 

 

• Number of homeless people in Ireland spirals: Record number of single adults in Dublin emergency accommodation  https://www.irishtimes.com/news/ireland/irish-news/number-of-homeless-people-in-ireland-spirals-1.4836314

 

• Auctioneers and engineers to vet accommodation pledged to Red Cross:  IPAV chief executive Pat Davitt: ‘It won’t be a major structural evaluation, but certainly it will be to make sure that the property is okay for human habitation.’ https://www.irishexaminer.com/news/arid-40834544.html

 

• Vacanthomes.ie, the web portal established by Mayo County Council on behalf of the local government sector, is assisting in providing much-needed accommodation for Ukrainian refugees.  https://www.con-telegraph.ie/2022/03/25/mayo-web-portal-is-working-to-provide-accommodation-for-ukrainian-refugees/

 

• Housing and the price of land  https://www.irishtimes.com/opinion/letters/housing-and-the-price-of-land-1.4832378

 

• Scale of sex-for-rent crisis finally creeps up on the Government: Opposition parties are concerned about lack of commitment to a timeline from the Government for the passage of the bill through the Oireachtas  https://www.irishexaminer.com/opinion/commentanalysis/arid-40835921.html

 

• State funding for just 10,100 homes has been drawn down in the past five years, even though approval has been given for 17,350 homes  https://www.breakingnews.ie/amp/ireland/state-funding-available-for-10100-homes-while-approval-given-for-17350-1277551.html

 

• Ireland must sell its green credentials to investors: If tax policy was the main driver of FDI in the past, prospective investors are now asking different questions about where to locate https://www.irishexaminer.com/opinion/columnists/arid-40832774.html

 

• Ireland moves a step closer to energy independence  https://www.gov.ie/en/press-release/f4c68-ireland-moves-a-step-closer-to-energy-independence/

 

• Renewable energy industry has ‘no confidence’ in government to deliver on targets: A letter sent by an industry body to Darragh O’Brien, the Minister for Housing, has outlined how renewable energy projects are waiting well over a year for planning decisions to be made https://www.businesspost.ie/energy/renewable-energy-industry-has-no-confidence-in-government-to-deliver-on-targets-461b1f2b

 

 

• Irish people were the second-richest in the EU in 2021, after Luxembourgers.  https://m.independent.ie/business/irish/irish-people-second-richest-in-eu-in-2021-41478353.html

 

• Consumer confidence falls in March as 85% plan to cut spending due to inflation | BreakingNews.ie https://www.breakingnews.ie/amp/ireland/consumer-confidence-falls-in-march-as-85-plan-to-cut-spending-due-to-inflation-1278903.html

 

• Lessons learned in two decades of Mipims: Proptech – Sustainability is still our industry’s central existential issue: there is no property industry without a planet.  https://www.propertyweek.com/insight/lessons-learned-in-two-decades-of-mipims/5119515.article

 

• New digital tools to help UK residents have their say on local developments:  Over £3.25 million from the Proptech Engagement Fund will be spent on 28 projects across England trailing cutting edge digital tools to make the planning system more open, engaging and accessible. The projects include using 3D interactive maps and virtual reality to help local people better envisage proposed new developments in their communities and encourage them get more involved in planning locally. https://www.gov.uk/government/news/new-digital-tools-to-help-residents-have-their-say-on-local-developments

 

• 20 Must-Visit Coworking And Coliving Spaces Around The World – Allwork.Space https://allwork.space/2022/03/20-must-visit-coworking-and-coliving-spaces-around-the-world/

 

• London-based estate agent has become the first UK homeowner to acquire a new digital twin Non-Fungible Token (NFT), which has been produced by Pupil, the global spatial data company and AI pioneer, for ‘phygital’ real estate through hyper-accurate digitisations of real-world spaces. https://propertyindustryeye.com/estate-agent-becomes-first-uk-homeowner-to-acquire-new-class-of-nft/

 

• Milo CEO Josip Rupena on using crypto for home mortgages: CNBC’s Diana Olick joins ‘Squawk Box’ with Josip Rupena, founder and CEO of Milo, the first crypto mortgage company. https://www.cnbc.com/video/2022/03/25/milo-ceo-josip-rupena-on-using-crypto-for-home-mortgages.html

 

• Virtual retail – Nearly 7 million people have visited Nike’s metaverse store https://www.thedrum.com/news/2022/03/22/nearly-7-million-people-have-visited-nike-s-metaverse-store

 

 

 

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

*Exciting Announcement*

What started as a single 60-minute show on Dublin South FM 93.9FM every Tuesday night, Property Matters, 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 – launches next month, offering audiences live and recorded access to global built environment content

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

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

• Architects must be at the centre of the planning process renewal, says new RIAI president, as she talks about her passion for placemaking, community and creating neighbourhoods https://m.independent.ie/business/commercial-property/architects-must-be-at-the-centre-of-the-planning-process-renewal-says-new-riai-president-41481153.html

 

• Welcome to Meadowbrookfield: the names we give estates in Ireland https://www.rte.ie/brainstorm/2022/0321/1287512-ireland-names-houses-estates-toponymy/

 

• Low density developments in areas like Sandymount to no longer get planning approval – sites must be fully used/optimised https://www.breakingnews.ie/ireland/low-density-developments-in-areas-like-sandymount-to-no-longer-get-planning-approval-1279883.html

 

• Build-to-rent scheme in Glenageary  https://www.irishtimes.com/opinion/letters/build-to-rent-scheme-in-glenageary-1.4832375

 

• Test your 1980s Dublin knowledge with our nostalgia quiz See how well you can remember Dublin in the ’80s https://www.dublinlive.ie/news/history/test-your-1980s-dublin-knowledge-23468587

 

• Clarity sought on new home for the ‘Bish’ in Galway  https://connachttribune.ie/clarity-sought-on-new-home-for-the-bish-in-galway/

 

• Residents concerned over new houses planned for Limerick estate  https://www.limerickleader.ie/news/home/774231/residents-concerned-over-new-houses-planned-for-limerick-estate.html

 

• Council begins process to compulsorily acquire ‘ruinous church’ in Limerick village  https://www.limerickleader.ie/news/planning/774592/council-begins-process-to-compulsorily-acquire-ruinous-church-in-limerick-village.html

 

• Our Rural Future Roadshow: Minister Humphreys opens series of projects in Cavan funded under Our Rural Future  https://www.gov.ie/en/press-release/26c5e-our-rural-future-roadshow-minister-humphreys-launches-new-pubs-as-community-hubs-pilot-programme/

 

• Wild Atlantic Way walking path ‘could be Ireland’s Camino de Santiago’: Ambitious proposal being explored by Fáilte Ireland could boost tourism in many rural communities but land ownership issues could be complex https://www.irishtimes.com/culture/wild-atlantic-way-walking-path-could-be-ireland-s-camino-de-santiago-1.4836036

 

• ‘The Dingle peninsula has become a bit of a millionaire’s playground’  https://m.independent.ie/business/the-dingle-peninsula-has-become-a-bit-of-a-millionaires-playground-41489077.html

 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

• ‘We’ve never seen increases like this’: Pressure on builders over soaring timber and steel costs: According to the latest available figures, timber prices rose 64% in a year while steel prices are up almost 30%. https://www.thejournal.ie/tender-construction-costs-5717794-Mar2022/?amp=1

 

• Construction firms threaten to down tools on roads and housing schemes: Companies cite ‘hyperinflation’ of steel and timber costs as reason why the works are no longer viable, and say prices are soaring in wake of Russia’s invasion of Ukraine https://www.businesspost.ie/construction/construction-firms-threaten-to-down-tools-on-roads-and-housing-schemes-3abb4eee

 

• Massive hike in price of insulation puts the brakes on building and threatens government’s retrofit plan  https://m.independent.ie/business/irish/massive-hike-in-price-of-insulation-puts-the-brakes-on-building-and-threatens-governments-retrofit-plan-41489020.html

 

• Ready to ignite: Unsafe homes a disaster waiting to happen: There are an estimated 100,000 apartments with fire safety defects dating from the Celtic Tiger building boom  https://www.irishexaminer.com/news/spotlight/arid-40831862.html

 

• Commencement notices for new residential homes last month hit their highest rolling 12-month total since the recording of the data began in 2004. According to the Department of Housing, Local Government and Heritage, notification was received during February that work was to begin on building 2,237 new houses and apartments. That represented an increase of 20% on the previous month and was 345% higher than February of last year, when Covid-19 restrictions were in place. It brought to 33,006 the total number of commencement notices that have been lodged for new homes over the previous twelve months. https://www.rte.ie/news/business/2022/0322/1287823-new-housing-commencements-up-20-in-feb

 

• Apprentice applications ‘significantly behind’ numbers needed for housing: Numbers entering key trades are not sufficient to carry out Housing for All plan, says TD, who accuses government of having ‘a laissez-faire attitude’  https://www.businesspost.ie/houses/apprentice-applications-significantly-behind-numbers-needed-for-housing-ac2b46f5

 

• Next generation to face life of renting unless planning rules overhauled, warns developer  https://m.independent.ie/irish-news/news/next-generation-to-face-life-of-renting-unless-planning-rules-overhauled-warns-developer-41481083.html

 

• Seven out of 10 housing units being built in Dublin are now apartments  https://m.independent.ie/business/personal-finance/property-mortgages/seven-out-of-10-housing-units-being-built-in-dublin-are-now-apartments-41478652.html

 

• Developers seek permission for almost 1,500 units on three Dublin sites: Apartments make up bulk of planned projects in Walkinstown, Saggart and Kimmage https://www.irishtimes.com/business/construction/developers-seek-permission-for-almost-1-500-units-on-three-dublin-sites-1.4835467

 

• Sean Mulryan’s Ballymore has beaten rival bidders to buy a 27-acre site with planning permission for more than 1,800 homes in Clongriffin in Dublin. Property sources say the developer has agreed to pay more than €40 million — less than the €50 million asking price — for the land, which was owned by Gerry Gannon’s Gannon Properties. https://www.thetimes.co.uk/article/ballymore-wins-bidding-war-for-clongriffin-site-g5mxj9kjz

 

• Work on Charlemont metro station begins before planning application for line lodged: Construction work costing €12.5m has already gone ahead  https://www.irishtimes.com/news/environment/work-on-charlemont-metro-station-begins-before-planning-application-for-line-lodged-1.4833534

 

• Planning permission granted for 570 homes at glass factory site: Dublin City Council clears way for first phase of development, developers say https://www.irishtimes.com/news/ireland/irish-news/planning-permission-granted-for-570-homes-at-glass-factory-site-1.4836492

 

• Residents oppose Trinity College’s student accommodation plan for Dartry: Dublin 6 scheme faces opposition due to scale and claims of student anti-social behaviour https://www.irishtimes.com/business/construction/residents-oppose-trinity-college-s-student-accommodation-plan-for-dartry-1.4832398

 

• Developer appeals Milltown build-to-rent planning refusal: Local residents claim apartment scheme will create ‘a ghettoised population’ https://www.irishtimes.com/business/construction/developer-appeals-milltown-build-to-rent-planning-refusal-1.4834297

 

• Dublin 6 site with permission for 26 apartments seeks €3m: Rathgar Road property occupies high-profile position in sought-after Rathmines https://www.irishtimes.com/business/commercial-property/dublin-6-site-with-permission-for-26-apartments-seeks-3m-1.4828693

 

• Bord Pleanála gives green light for budget 148-bedroom Dublin hotel: Dublin City Council had refused permission https://www.irishtimes.com/business/construction/bord-plean%C3%A1la-gives-green-light-for-budget-148-bedroom-dublin-hotel-1.4836205

 

• Promise of 800 new homes looms large for Cork | The Planner https://www.theplanner.co.uk/news/promise-of-800-new-homes-looms-large-for-cork

 

• Progress being made on Cork hospital building projects, but Cork TD says more attention needed on tender stage of projects: The HSE has provided an update on hospital extension projects in Cork.  https://www.echolive.ie/corknews/arid-40833356.html

 

• Cork GAA 309-home plan needs more ‘consideration or amendment’: An Bord Pleanála gives opinion on scheme ahead of planned fast-track planning application https://www.irishtimes.com/business/construction/cork-gaa-309-home-plan-needs-more-consideration-or-amendment-1.4834422

 

• Planning application rejected for residential units on grounds of historical house in Cork: Cork City Council has taken the decision to turn down the planning application https://www.echolive.ie/corknews/arid-40832840.html

 

• Work starts on converting landmark Finns’ Corner into cafe and luxury apartments: The old sport store is gone – the building will have seven apartments  https://www.corkbeo.ie/news/property/work-starts-converting-landmark-finns-23489723.amp

 

• Lidl granted permission for Douglas Supermarket and apartments: Retail rival Tesco had raised concerns over Lidl’s plan when it was before Cork City Council  https://www.irishexaminer.com/property/developmentconstruction/arid-40834193.html

 

• ‘Infrastructural improvements needed’: Passage West housing plan concerns – At a local meeting yesterday, councillors cited inadequate infrastructure and a lack of connectivity as issues. https://www.echolive.ie/corknews/arid-40833788.html

 

• Derelict Paintwell site finally ‘primed’ for redevelopment in Cork City Council-driven €275k sale: Glossy future beckons for long-vacant former paint and decorating shop and derelict site https://www.irishexaminer.com/property/commercial/arid-40835198.html

 

• More than €33k an acre expected for 67.5-acre Glanmire farm: The proximity of the land to Junction 18 presents potential for commercial development on the five-acre parcel of land https://www.irishexaminer.com/farming/arid-40834796.html

 

• High Court rejects challenge to 121-home plan in Co Galway: Scheme was opposed by management firm representing neighbouring estate in Barna https://www.irishtimes.com/business/commercial-property/high-court-rejects-challenge-to-121-home-plan-in-co-galway-1.4832611

 

• Galway castle builder caught in a hard fort eviction battle: Hotelier behind Doughiska Castle has barricaded himself in the property amid ownership dispute with American firm  https://www.thetimes.co.uk/article/galway-castle-builder-caught-in-a-hard-fort-eviction-battle-l2n76cb29

 

• Up to 420 homes and a hotel could be developed on Wicklow County Council land in Greystones: Re-location of playground and civic offices are also being considered in new masterplan for the council-owned site https://m.independent.ie/regionals/wicklow/news/up-to-420-homes-and-a-hotel-could-be-developed-on-wicklow-county-council-land-in-greystones-41472286.html

 

• Court dismisses developer challenge to planning refusal for 142 Meath homes: Manley had applied for fast-track approval for 82 houses and 60 apartments off Navan Rd  https://www.irishtimes.com/business/commercial-property/court-dismisses-developer-challenge-to-planning-refusal-for-142-meath-homes-1.4832561

 

• Marist housing scheme application could be lodged later this year | Westmeath Independent https://www.westmeathindependent.ie/2022/03/25/marist-housing-scheme-application-could-be-lodged-later-this-year/

 

• Laois council to follow new guidelines on deciding on environmental impact of development  https://www.leinsterexpress.ie/news/property/763552/laois-council-to-follow-new-guidelines-on-deciding-on-environmental-impact-of-development.html

 

• Bord Pleanála to decide in June on plans for 228 Killarney housing units  https://www.radiokerry.ie/news/bord-pleanala-to-decide-in-june-on-plans-for-228-killarney-housing-units-275155

 

• PwC hires lead for its new capital projects and infrastructure team: Robert Costello joins from KPMG and will work on both public and private projects  https://www.irishtimes.com/business/pwc-hires-lead-for-its-new-capital-projects-and-infrastructure-team-1.4832370

 

• Irish developer trio bankrupt in England retained Polish site: Paddy Shovlin, Tony and Patrick Fitzpatrick retained interest in land near Warsaw https://www.irishtimes.com/business/construction/irish-developer-trio-bankrupt-in-england-retained-polish-site-1.4835215

 

• Theo Cullinane retires from BAM Contractors Ltd  https://irishbuildingmagazine.ie/2022/03/24/theo-cullinane-retires-from-bam-contractors-ltd/

 

• The Irish Times Business Person of the Month: Gavin Slark: Builder supplier Grafton reports 68% jump in operating profits for 2021 https://www.irishtimes.com/business/retail-and-services/the-irish-times-business-person-of-the-month-gavin-slark-1.4835262

 

• Glenveagh Properties CEO Stephen Garvey saw his pay soar to almost €1m in 2021: The stock market-listed homebuilder posted profits of €46m last year  https://m.independent.ie/business/glenveagh-properties-ceo-stephen-garvey-saw-his-pay-soar-to-almost-1m-in-2021-41487829.html

 

• Offaly company must provide €50,000 in ongoing row over crane: Funds are a condition of a stay being put on an enforcement order  https://www.irishtimes.com/business/construction/offaly-company-must-provide-50-000-in-ongoing-row-over-crane-1.4836269

 

• The shareholders of Linesight, a Dublin project management company, will share $262 million (€238 million) when its sale to an American consulting firm is finalised in the coming months. https://www.thetimes.co.uk/article/linesight-sale-nets-238m-return-bzzzvf8mc

 

PROPTECH, 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.

 

• The building site of the future… from design and production, right through to site management: 5G, BIM, big data, automation, artificial intelligence, drones, offsite construction, green, VR, AR, XR… what are we missing? www.prop-tech.ie  (pictured)

 

• Has your proptech product or service excelled in what has been an extremely challenging year for the property sector? *Nominations for the National Property Awards 2022 are now open!* The Proptech Award, sponsored by Proptech Ireland, aims to reward industry innovation and impact. Apply now  👉https://www.nationalpropertyawards.ie/proptech-nomination-category-criteria/

 

• Also: Last Call For PropTech Hackathon Submissions – Propmodo https://www.propmodo.com/last-call-for-proptech-hackathon-submissions/

 

• Proptech hailed as a game-changer for the real estate market: After Covid-related health and safety concerns propelled the use of proptech to new heights, technology is now primed to revolutionise all facets of the property sector. https://emerging-europe.com/business/proptech-hailed-as-a-game-changer-for-the-real-estate-market/

 

• Report Says Investor Confidence in PropTech at an All-Time High – Propmodo  https://www.propmodo.com/report-says-investor-confidence-in-proptech-at-an-all-time-high/ 

 

• From the metaverse to the war for talent: 6 insights on proptech: We talked to experts from Pi Labs, Shoosmiths, Generation Home and Qualis Flow about the opportunities and obstacles for property tech players in Europe https://sifted.eu/articles/proptech-metaverse-war-for-talent/

 

• Arcol raises €3.25m for web-based building design tool: Device used by architects, engineers, contractors in building design and construction https://www.irishtimes.com/business/technology/arcol-raises-3-25m-for-web-based-building-design-tool-1.4831630 

 

• San Francisco-based proptech Handle.com raises $10 million Series A round to help the construction industry get paid  https://www.bizjournals.com/sanfrancisco/news/2022/03/23/handlecom-series-a.html

 

• New $12M PropTech launches in Canada | https://financialpost.com/sponsored/business-sponsored/new-12m-proptech-launches-in-canada

 

• Vivla has just raised €27 million becoming the highest-funded fractional home ownership startup in Europe https://www.eu-startups.com/2022/03/spanish-proptech-startup-vivla-raises-e26-million-to-facilitate-the-flexible-purchase-of-second-homes/

 

• Tomo raises $40M Series A, hits $640M valuation – FinLedger https://finledger.com/2022/03/21/tomo-raises-40m-series-a-hits-640m-valuation/

 

• Tishman Speyer secures $100 Million in commitments for new Proptech Venture Fund | Real Estate Weekly https://rew-online.com/tishman-speyer-secures-100-million-in-commitments-for-new-proptech-venture-fund/

 

• Korean proptech startup Dongnae lands $21M in Series A, debt – AIM Group https://aimgroup.com/2022/03/24/korean-proptech-startup-dongnae-lands-21m-in-series-a-debt/

 

• The Present & Future of Proptech Pitchbook Report: Record Investment Driving this Fast-Growing Industry | Business Wire https://www.businesswire.com/news/home/20220322005284/en/The-Present-Future-of-Proptech-Pitchbook-Report-Record-Investment-Driving-this-Fast-Growing-Industry

 

• The rise, fall and rise again of one of the UK’s most celebrated proptech firms – React News https://reactnews.com/article/the-rise-fall-and-rise-again-of-one-of-the-uks-most-celebrated-proptech-firms/

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• The value of property sold last year increased by 21% as a result of bulk buying: An analysis of the Residential Property Price Register shows the total value of all homes sold during 2021 was more than €19.6billion – an annual increase of €3.4billion. https://extra.ie/2022/03/23/news/irish-news/investment-firms-bulk-buying-properties?amp=1

 

• Growing number of short-term lets will force more private renters into homelessness, charity warns  https://m.independent.ie/irish-news/growing-number-of-short-term-lets-will-force-more-private-renters-into-homelessness-charity-warns-41469755.html

 

• ‘Meaningful legislation’ needed as Cork rental houses left ‘idle’ for eight months a year  https://www.echolive.ie/corknews/arid-40833944.html

 

• A decision has been taken by the Cabinet to back legislation being brought before the Dáil on Wednesday to ban sex for rent in Ireland https://www.irishexaminer.com/news/arid-40834385.html

 

• Housing Minister Darragh O’Brien seeks changes to Fair Deal plan to help house refugee influx  https://m.independent.ie/irish-news/housing-minister-darragh-obrien-seeks-changes-to-fair-deal-plan-to-help-house-refugee-influx-41477203.html

 

• Ireland’s most expensive properties sold in 2021 https://www.irishexaminer.com/news/arid-40834160.html

 

• Limerick landlord targeted in Identity Theft fraud  https://www.limerickleader.ie/news/crime-and-courts/774591/limerick-landlord-targeted-in-identity-theft-fraud.html

 

• Clare McGoldrick: Buying a home was once a rite of passage — now it’s a fairytale https://extra.ie/2022/03/20/property/clare-mcgoldrick-buying-a-home-was-once-a-rite-of-passage-now-its-a-fairytale?amp=1

 

• “As a solo applicant, it was a bit of a daunting experience, but I was sure I wanted to do it.” – First Time Buyer Sonia recalls buying an apartment by herself https://m.independent.ie/storyplus/as-a-solo-applicant-it-was-a-bit-of-a-daunting-experience-but-i-was-sure-i-wanted-to-do-it-first-time-buyer-sonia-recalls-buying-an-apartment-by-herself-41470619.html

 

• Dermot Bannon’s ‘Room to Improve’ is no longer the escapist fantasy it once was  https://m.independent.ie/entertainment/television/dermot-bannons-room-to-improve-is-no-longer-the-escapist-fantasy-it-once-was-41468433.html

 

• Ideal Homes: A one-stop shop for innovations and solutions for your home: Energy efficiency, sustainability and design flair on agenda at the show in Dublin’s RDS https://www.irishtimes.com/life-and-style/homes-and-property/interiors/ideal-homes-a-one-stop-shop-for-innovations-and-solutions-for-your-home-1.4828440

 

• Cabin for €295 per week in County Cork sparks debate on price of housing: Whilst some have complained that it is a high price to ‘rent a shed’ but others have said that this style of housing is ‘attractive’ to many  https://www.corkbeo.ie/news/property/cabin-295-per-week-county-23455604

 

• Calls for legislation to CPO vacant homes in Galway  https://connachttribune.ie/calls-for-legislation-to-cpo-vacant-homes-in-galway/

 

• How to heat your new build home: Leading heating solutions company Grant outlines all you need to know about heating your new build home https://kclr96fm.com/how-to-heat-your-new-build-home/

 

• Does selling a share of former home to my family create problems? Q&A: Move will allow owner pay off mortgage debt and continue to enjoy return on property  https://www.irishtimes.com/business/personal-finance/does-selling-a-share-of-former-home-to-my-family-create-problems-1.4832161

 

• Can adopted son claim share of birth mother’s farm? Q&A: Law is very clear on who can and cannot demand share of inheritance  https://www.irishtimes.com/business/personal-finance/can-adopted-son-claim-share-of-birth-mother-s-farm-1.4832241

 

• We are sale agreed on a property, but the vendor won’t move out – Property Clinic: You must tell the agent you can’t wait indefinitely, and you may need to reset your expectations  https://www.irishtimes.com/life-and-style/homes-and-property/we-are-sale-agreed-on-a-property-but-the-vendor-won-t-move-out-1.4828396

 

• In a fix – is now the time to lock down your mortgage rate?  https://www.rte.ie/news/business/2022/0327/1288540-fixed-mortgage-rate/

 

• DIY SOS: The Big Build Ireland coming to Cork to rebuild the home of Adam Drummond and his parents: Adam a member of Neptune Basketball Club fell from a height while in Cork and he has been told there is a 1% chance of him walking again  https://www.echolive.ie/corknews/arid-40834613.html

 

• New properties on the market in Co Dublin, Co Kerry, Co Galway, Dublin and Co Wexford: 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-dublin-co-kerry-co-galway-dublin-and-co-wexford-fbkf78wh8

 

• 10ac residential stud farm with €695k guide price  https://thatsfarming.com/farming-news/kildare-stud-farm/

 

 

COMMERCIAL PROPERTY NEWS

• Older offices ‘failing to meet higher standards’ demanded by staff returning to workplaces: Staff returning to the office after working from home want bright, spacious and well-ventilated buildings, says Simon McEvoy of iPut  https://www.businesspost.ie/property/older-offices-failing-to-meet-higher-standards-demanded-by-staff-returning-to-workplaces-5d3d5fbb

 

• Hibernia REIT said today that its board has recommended shareholders accept a €1.09 billion takeover bid made by a subsidiary of one of the real estate funds of Canada’s Brookfield Asset Management.  https://www.rte.ie/news/business/2022/0325/1288348-hibernia-reit-deal/ Also: Stock market is a tough place for property firms to seek value: Offer for Hibernia Reit ‘no surprise’ given the shares’ consistent underperformance  https://www.irishtimes.com/business/commercial-property/stock-market-is-a-tough-place-for-property-firms-to-seek-value-1.4836329

 

• Headline rents and the biggest challenges for owners of older offices – Opinion: Office market dynamics face threat from energy-efficient buildings  https://www.irishtimes.com/business/commercial-property/headline-rents-and-the-biggest-challenges-for-owners-of-older-offices-1.4829611

 

• BidX sets Italian Quarter units at 41% discount: Auction also includes Wexford warehouse and residential properties, on which the guide price has also dropped significantly https://www.businesspost.ie/commercial/bidx-sets-italian-quarter-units-at-41-discount-73bc43b0

 

• Citi seeks €120m for Dublin docklands HQ: No 1 North Wall Quay for sale as banking giant searches for new office in the capital  https://www.irishtimes.com/business/commercial-property/citi-seeks-120m-for-dublin-docklands-hq-1.4833221

 

• Guidewire opens new Dublin EMEA HQ, creating 150 hybrid jobs in Ireland https://www.siliconrepublic.com/jobs-news/guidewire-dublin-emea-ireland-150-software-jobs

 

• Foot Locker accused of using ‘economic muscle’ to avoid paying rent: Sportswear retailer tries to overturn High Court order in first Court of Appeal hearing of pandemic-related rent ruling in Ireland  https://www.businesspost.ie/legal/foot-locker-accused-of-using-economic-muscle-to-avoid-paying-rent-1fc45627

 

• Baggot Street hotel for homeless people challenged by local businesses  https://www.breakingnews.ie/ireland/baggot-street-hotel-for-homeless-people-challenged-by-local-businesses-1278597.html

 

• Cosgrave siblings sell Smithfield hotel to TPG for €35m https://www.thetimes.co.uk/article/cosgrave-siblings-sell-smithfield-hotel-tpg-76f9mdbj3

 

• Bank of Ireland’s Munster HQ is sold for close to €13.5m : The bank has ten years left to run on its lease at the South Mall location https://www.irishexaminer.com/property/commercial/arid-40835147.html

 

• Fully let Dublin logistics portfolio guiding at €11m https://www.irishtimes.com/business/commercial-property/fully-let-dublin-logistics-portfolio-guiding-at-11m-1.4832342

 

• McKillen Jr buys Dunboy Castle in West Cork, with plans to operate it as a destination resort: Property developer wishes to fulfill the ambitious plan to turn historic castle on the Beara peninsula into a luxury hotel https://www.irishexaminer.com/business/companies/arid-40833005.html

 

• Boutique hotel in west Cork is ready to go at €1.5m guide: Beara Hotel in Castletownbere comprises 16 bedrooms, function room and bar facilities https://www.irishtimes.com/business/commercial-property/boutique-hotel-in-west-cork-is-ready-to-go-at-1-5m-guide-1.4828532

 

• Remote working hub for people with disabilities opens https://www.rte.ie/news/regional/2022/0325/1288498-remote-working-cork/

 

• Janssen to expand Cork facility with possible creation of 180 jobs: The site, which is part of the Johnson & Johnson group, will see a €150m investment  https://www.irishtimes.com/business/health-pharma/janssen-to-expand-cork-facility-with-possible-creation-of-180-jobs-1.4835516

 

• Exciting time for Carrigaline as trendy new bar ‘coming soon’: It’s all being spearheaded by the people behind one of the county’s biggest and best spots.  https://www.corkbeo.ie/culture/music-nightlife/exciting-time-carrigaline-trendy-new-23500951

 

• Buyer demand points to a busy year ahead for Galway market: Auctioneer O’Donnellan & Joyce, whose next auction takes place on April 8, reports an active first quarter to the year with investors expressing interest in all asset types https://www.businesspost.ie/commercial/buyer-demand-points-to-a-busy-year-ahead-for-galway-market-e44ca72d

 

• Savills adds veteran to industry and logistics team: Jarlath Lynn spent 18 years at CBRE in same sector, where he was also a director  https://www.businesspost.ie/commercial/savills-adds-veteran-to-industry-and-logistics-team-0d095f1e

 

INTERNATIONAL PROPERTY NEWS

• Foreign ownership of UK property must be restricted urgently  https://www.theguardian.com/business/2022/mar/23/foreign-ownership-of-uk-property-must-be-restricted-urgently

 

• Rightmove says UK average house price now at £350,000: Sellers were typically asking £354,564 for a property in March https://www.business-live.co.uk/economic-development/rightmove-says-uk-average-house-23451312.amp

 

• Buy-to-let landlords still face huge cladding bills to fix unsafe flats: Leaseholders who innocently invested in buy-to-let are still excluded from government aid https://www.thetimes.co.uk/article/buy-to-let-landlords-still-face-huge-cladding-bills-to-fix-unsafe-flats-vmlgqh5gq

 

• Barefoot builders found on Manchester housing site  https://www.constructionenquirer.com/2022/03/22/barefoot-builders-found-on-manchester-housing-site/

 

• From a forest cabin to a converted chapel, our latest lookbook features ten workspaces from the Dezeen archive that were created by architects and designers for their own use  https://www.dezeen.com/2022/03/26/self-designed-studios-lookbooks/

 

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/