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, you might recall that in last week’s Round-up, I mentioned that I was on my way into the Dublin City Council/Smart Docklands 3D Data Hack (sponsored by Google, Microsoft, Autodesk, Dublin Port Company, Hibernia Reit and others). Well, the Property District team, working on our Virtual Town Hall PLACEengage – and competing with top quality teams from Graphisoft, Accenture and others – took first place! This is a massive step forward in transforming Ireland’s existing public consultation and community engagement model for property development and placemaking. We look forward to rolling out our Virtual Town Hall this autumn, further details here:
- ‘Place Engage’ brings virtual town hall to life via augmented reality in Dublin’s First 3D City Data Hackathon – Irish Tech News https://irishtechnews.ie/place-engage-brings-virtual-town-hall-to-life-via-augmented-reality-in-dublins-first-3d-city-data-hackathon/
As always, you might let me know if I have missed out on any relevant property news by emailing carol@caroltallon.com.
(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)
Sunday Listen
#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.
This week, for our DATA CENTRE SPECIAL, the show was superbly co-hosted by Garry Connolly (Host in Ireland) and we were joined in studio by:
- PART 1: Maurice Mortell (Equinix Ireland) & Valerie Walsh (Digital Reality)
- PART 2: Anthony McDermott (Mitchell McDermott) & David McAuley (Bitpower)
- PART 3: Paul Carthy (Paul Carthy) & John Coroner (Ethos Engineering)
Listen back to our data centre show here: https://anchor.fm/ipropertyradio/episodes/Property-Matters—May-14–2019-e41l1c
*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
Public Consultation and Community Engagement
- The Irish planning system has been dragged backwards https://www.irishtimes.com/opinion/the-irish-planning-system-has-been-dragged-backwards-1.3892234?mode=amp
- Make a culture date with Dublin 8 https://www.irishtimes.com/culture/make-a-culture-date-with-dublin-8-1.3885017?mode=amp
- An Bord Pleanála gives green light for Ireland’s newest town in west Dublin https://www.thejournal.ie/clonburris-an-bord-pleanala-4633571-May2019/?amp=1
- ULI Product Council Outlook for Placemaking – Urban Land Magazine https://urbanland.uli.org/economy-markets-trends/uli-product-council-outlook-for-placemaking/
- ‘It’s unjustifiable’: Demolition of 19th-century Dublin distillers structure slammed by An Taisce https://www.thejournal.ie/its-unjustifiable-demolition-of-19th-century-distillers-building-slammed-by-an-taisce-4637540-May2019/?amp=1
- Dundrum Town Centre owners oppose Carrickmines retail development https://www.irishtimes.com/business/commercial-property/dundrum-town-centre-owners-oppose-carrickmines-retail-development-1.3894807?mode=amp
- This transparent piggy bank will be put on a Carlow street – and the money can be used for anything https://www.thejournal.ie/carlow-arts-festival-pig-community-fund-4633587-May2019/?amp=1
*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
- A picture really does paint a thousand words: A protestor from yesterday’s housing rally in Dublin is photographed on the front page of The Sunday Times (above).
- Also in The Sunday Times today, Valerie Flynn reports that Kingspan apparently tried to “quench research on flammability”, according to British parliamentary committee research. Kingspan has rejected this.
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In the Property Section of The Sunday Times, editor Linda Daly has an interview with the Irish founders of Inhous, a london-based property consultancy, dedicated to serving sellers better by slowing down the process and making everything more manual, with less reliance on tech (truthfully, it seems counter-intuitive to me but let’s wait and see how it is received in the marketplace…). She also mentions property portal Perfect Property, which aims to take on Daft.ie. The portal is having a second launch, of sorts, after the initial launch nearly two years ago and one last year failed to impact the market. It’s certainly not impossible to displace Daft or MyHome as the leading portal in Ireland, however, from the research undertaken by Proptech Ireland, none of the 6/7 startups ups vying for the title is a real contender. Interestingly, if the top 2/3 were to join forces, this would make a compelling offering for vendors…
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In The Sunday Business Post today, Jill Kirby writes: “Let pensioners pay property tax like everyone else”, while in the same newspaper, Donal Buckley reports on the “Sheds to beds” trend in Dublin i.e. turning industrial unit sites into residential complexes.
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Outrageous misallocation of resources – money needs to be spent SOLVING, not MANAGING homelessness. We have allowed homelessness to become a profitable employer within Ireland’s property market: ‘Over €118 million spent on homeless accommodation in 2018’ https://www.thejournal.ie/e118-homeless-accommodation-dublin-4636631-May2019/?amp=1
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The lead story in the Sunday Independent today reads as follows: Revealed: State spends €1.2bn on housing even though building is cheaper https://amp.independent.ie/irish-news/revealed-state-spends-1-2bn-on-housing-even-though-building-is-cheaper-38125430.html
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Dan O’Brien has a column in the Sunday Independent today where he writes that “the last 10 days have brought what seems to me the same sense of change in the housing crisis-for the first time in six years pay levels are rising faster than house prices. In other words, the relationship between people’s incomes and the price of buying a property has stabilised. That will bring comfort many seeking to acquire their own home.“
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Michael Cogley, also in the Independent today, reports that Bank of Ireland has approved more than €750 million in development finance to fund the construction of new homes and student accommodation.
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On the back page of the business section of the capsule dick up independent today, Richard Barrett/Bartra Capital is back in the news in relation to his latest co-living offering in Dun Laoghaire, which is garnering opposition at pace. It now appears that the developer proposes to deliver a similar type scheme in Castleknock, on a site where apartment lanning was previously opposed by An Taoiseach Leo Varadkar. This will be an interesting one to watch to see whether NIMBY-ism or political interests will win out.
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Spire architect designs new €6m Dublin bridge https://www.irishtimes.com/news/environment/spire-architect-designs-new-6m-dublin-bridge-1.3892350?mode=amp
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Mission impossible – the quest to find a home in Dublin’s crowded market https://amp.independent.ie/business/personal-finance/property-mortgages/mission-impossible-the-quest-to-find-a-home-in-dublins-crowded-market-38123448.html
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Jargon, missing digits, errors: Navigating the Residential Property Price Register https://www.irishtimes.com/life-and-style/homes-and-property/jargon-missing-digits-errors-navigating-the-residential-property-price-register-1.3892232?mode=amp#.XN0kgj_vEDM.twitter
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Should you use an estate agent? | Spectator Life https://life.spectator.co.uk/2019/05/should-you-use-an-estate-agent/
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Properties for rent reach record low as prices hit new high: On May 1st, there were just 2,700 homes available to rent nationwide, the lowest ever recorded in a series dating back to 2006 while the average monthly rent increased 8.3 per cent in the past 12 months to €1,366.
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Conor McGregor unveils his housing project for homeless families https://extra.ie/2019/05/17/news/irish-news/conor-mcgregors-housing-project/amp
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Homeless campaigner calls on McGregor to clarify questions around development https://www.irishmirror.ie/sport/ufc/conor-mcgregor-ufc-news-homeless-16165548.amp
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Plans to build 8,400 homes in south Dublin approved by An Bord Pleanála https://amp.breakingnews.ie/ireland/plans-to-build-8400-homes-in-south-dublin-approved-by-an-bord-pleanala-923786.html
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Planning guidelines ‘allow for very tall buildings’ to solve housing crisis, says Minister https://amp.breakingnews.ie/ireland/planning-guidelines-allow-for-very-tall-buildings-to-solve-housing-crisis-says-minister-924967.html
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Dublin councils to vote on affordable housing scheme https://www.irishtimes.com/news/social-affairs/dublin-councils-to-vote-on-affordable-housing-scheme-1.3889613?mode=amp
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Following on from that: Dublin councillors approve affordable housing scheme https://www.irishtimes.com/news/social-affairs/dublin-councillors-approve-affordable-housing-scheme-1.3891244?mode=amp
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Plans for a LUAS system in Cork are revealed https://www.echolive.ie/corknews/Plans-for-a-LUAS-system-in-Cork-are-revealed-55252abf-f18a-4239-92b6-e1f66bc8b158-ds
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Glenveagh offers 56 apartments to Dublin City Council for €22m https://www.irishtimes.com/business/commercial-property/glenveagh-offers-56-apartments-to-dublin-city-council-for-22m-1.3892399?mode=amp
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Howth Head convent on 7.3 acres will attract developers at €3.5m guide price https://www.irishtimes.com/business/commercial-property/howth-head-convent-on-7-3-acres-will-attract-developers-at-3-5m-guide-price-1.3890681?mode=amp
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Construction activity boosted in April while companies increase stock: Construction activity rose sharply in April while purchasing inventory also ratcheted up as companies seek to avoid Brexit-related supply disruptions, according to a survey from UB: https://www.irishtimes.com/business/construction/construction-activity-boosted-in-april-while-companies-increase-stock-1.3889780?mode=amp
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Well-known pub told to scale back plan for Dublin hotel revamp https://amp.independent.ie/business/irish/wellknown-pub-told-to-scale-back-plan-for-dublin-hotel-revamp-38107422.html
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Housebuilder Abbey forecasts profit dip as margins squeezed https://www.irishtimes.com/business/construction/housebuilder-abbey-forecasts-profit-dip-as-margins-squeezed-1.3890508?mode=amp
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Savills scales back Dublin residential property business https://www.irishtimes.com/life-and-style/homes-and-property/savills-scales-back-dublin-residential-property-business-1.3895849?mode=amp
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Bedsits of the future or part of the solution?: Minister says co-living flats are just another option for people https://www.thejournal.ie/co-living-eoghan-murphy-4639912-May2019/?amp=1
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LK Shields | the-emergence-of-co-living-projects-in-ireland | publication | news-insights https://www.lkshields.ie/news-insights/publication/the-emergence-of-co-living-projects-in-ireland
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Housing Crisis: More than half of renters say housing situation impacting on mental and physical health https://amp.independent.ie/irish-news/housing-crisis-more-than-half-of-renters-say-housing-situation-impacting-on-mental-and-physical-health-38116851.html
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Retail landlords’ £3bn headache https://www.telegraph.co.uk/business/2019/05/18/retail-landlords-3bn-headache/amp/
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US architect IM Pei dies aged 102 https://www.rte.ie/amp/1050001/
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Contractor fined £30k after roof fall https://www.theconstructionindex.co.uk/news/view/contractor-fined-30k-after-roof-fall
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Government funds Japanese prefab builder to enter UK market https://www.theconstructionindex.co.uk/news/view/government-funds-japanese-prefab-builder-to-enter-uk-market
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
- This should not count as innovation, but shockingly, it does – the first maternity work trousers are now available (picture above) – thank you to the smart women at ‘Pass the Wrench’ for sharing!
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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/
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ARVR Innovate 2019 – PropTech Ireland https://prop-tech.ie/arvr-innovate-2019/
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Startups Weekly: There’s an alternative to raising VC and it’s called revenue-based financing – TechCrunch https://techcrunch.com/2019/05/18/startups-weekly-theres-an-alternative-to-raising-vc-and-its-called-revenue-based-financing/amp/
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Entrepreneur sees gap for ‘hybrid’ estate agency https://m.fin24.com/Entrepreneurs/My-Business/entrepreneur-sees-gap-for-hybrid-estate-agency-20190512
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Why Hybrid Estate Agencies Are The Future Of The Industry https://www.forbes.com/sites/garybarker/2019/05/13/why-hybrid-estate-agencies-are-the-future-of-the-industry/amp/
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Silver Lake-backed startup Lightbox makes even more RE Tech acquisition noise https://therealdeal.com/2019/05/13/silver-lake-backed-startup-lightbox-makes-even-more-re-tech-acquisition-noise/amp/
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AR/VR’s $80 billion-plus market could split before it consolidates https://venturebeat.com/2019/05/12/ar-vrs-80-billion-plus-market-could-split-before-it-consolidates/amp/
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Tim Cook Says Augmented Reality is as Big an Opportunity as iPhone | Hacked: Hacking Finance https://hacked.com/tim-cook-says-augmented-reality-is-as-big-an-opportunity-as-iphone/
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Fix your bike or charge your phone? New ‘smart bench’ installed in Dún Laoghaire https://www.thejournal.ie/monna-bench-charging-4633425-May2019/?amp=1
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PlaceTech | 10 themes from FUTURE: PropTech https://placetech.net/analysis/10-themes-from-future-proptech/
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China embraces use of proptech to improve office design and efficiency https://amp.scmp.com/property/hong-kong-china/article/3010130/china-embraces-use-proptech-improve-office-design-and
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The We Company Launches ARK A New Real Estate Acquisition & Management Platform | Business Wire https://www.businesswire.com/news/home/20190515005296/en/Company-Launches-ARK-New-Real-Estate-Acquisition
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New York real estate’s tough talk is like “fresh air” for proptech entrepreneurs https://therealdeal.com/2019/05/16/new-york-real-estates-tough-talk-is-like-fresh-air-for-proptech-entrepreneurs/amp/
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This Week In XR: We Review The Oculus Quest, And More AR & VR News https://www.forbes.com/sites/charliefink/2019/05/17/this-week-in-xr-we-review-the-oculus-quest-and-more-ar-vr-news/amp/
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/