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: 

 

• Developer Michael O’Flynn: ‘We have not accepted that there’s a housing crisis’: Lack of zoned land at the heart of housing crisis and that’s down to poor planning  https://www.irishtimes.com/business/construction/developer-michael-o-flynn-we-have-not-accepted-that-there-s-a-housing-crisis-1.4865564 

 

• New court to deal with planning issues to be established: Move part of wider reform of legal aspect of planning process being led by AG https://www.irishtimes.com/news/politics/new-court-to-deal-with-planning-issues-to-be-established-1.4864736

 

• Bord Pleanála auditing planning decisions made by deputy chairman: Audit of hundreds of decisions follows allegations of impropriety in declarations https://www.irishtimes.com/news/ireland/irish-news/bord-plean%C3%A1la-auditing-planning-decisions-made-by-deputy-chairman-1.4865795 Also: No entity should escape public scrutiny — including An Bord Pleanála: Controversy lingers over a potential conflict of interest in a Cork site by An Bord Pleanála deputy chairman Paul Hyde https://www.irishexaminer.com/opinion/commentanalysis/arid-40859447.html  More on this: O’Brien and An Bord Pleanála face pressure to address concerns about official: Allegations of conflicts of interest made about the deputy chair of the planning board will be the subject of questions in the Oireachtas  https://www.businesspost.ie/Planning/obrien-and-an-bord-pleanala-face-pressure-to-address-concerns-about-official-57682902

 

• Is the housing market about to turn?  There are signs globally that the Covid-induced surge in prices is abating https://www.irishtimes.com/business/economy/is-the-housing-market-about-to-turn-1.4863597

 

• Ireland’s investment sector has hotted up with three industrial deals and two build-to-rent transactions adding a flourish to the country’s real estate market at the end of April.  https://www.bisnow.com/dublin/news/capital-markets/industrial-and-btr-deals-heat-up-irish-investment-market-112834

 

• Housing Minister says rising homeless figure a ‘serious concern’: Figures released by the Department of Housing show that in March 9,825 people were homeless.  https://www.thejournal.ie/homeless-figures-11-5751381-Apr2022/

 

• Irish consumers started 2022 with a positive economic outlook, recent reports suggest this is changing:A new survey from KBC Bank Ireland has revealed people are starting to dip into their pandemic savings to cover the soaring cost of living for households https://www.buzz.ie/news/irish-news/consumer-confidence-spending-inflation-savings-26775164.amp

 

• #HousingforAll Statistics Dashboard: Collection of housing datasets to bring together data which indicates trends in housing supply and affordability. These datasets are updated on a monthly and quarterly basis. https://www.gov.ie/en/publication/d337b-housing-for-all-statistics-dashboard/

 

• Central Bank of Ireland Consultation Paper on Irish Regulated Property Funds  https://www.lexology.com/library/detail.aspx?g=70bc21b3-8a7b-4a57-9843-f7164e00715b

 

• Councils identify 89 State-owned buildings to immediately house over 5,000 Ukrainian refugees: A total of 25,383 refugees have arrived in the country as of last night. https://www.thejournal.ie/housing-ukrainian-refugees-2-5748331-Apr2022/

 

• “Apart from helping to alleviate the housing crisis, there is an opportunity here to reinvigorate our town centres, increase commercial footfall and reduce the need for transport from rural areas because most amenities are within walking distance of a town centre – it just requires some legislative innovation”  https://www.irishtimes.com/opinion/letters/housing-crisis-living-above-the-shop-1.4860635

 

• Clare County Council admits pyrite problems in up to 620 homes  https://www.irishexaminer.com/news/arid-40862213.html

 

• Meetings held with construction representatives over modular homes for refugees: Government plans response to ‘unprecedented demographic crisis’  https://www.irishtimes.com/news/politics/meetings-held-with-construction-representatives-over-modular-homes-for-refugees-1.4862703

 

• Arson attacks at new national children’s hospital site are causing ‘grave concern’: Cameras installed in bid to counteract attacks, which are becoming more frequent  https://www.irishtimes.com/news/health/arson-attacks-at-new-national-children-s-hospital-site-are-causing-grave-concern-1.4862695

 

 

• Maynooth University researcher Professor Rob Kitchin has been awarded a €2.4 million European Research Council (ERC) Advanced Grant for his groundbreaking project which will document in detail property data for Dublin and examine how this data is used as an evidence base for public policy, planning, and commercial decision-making.  https://www.kildarenow.com/news/local-news/798854/kildare-university-professor-awarded-multi-million-grant-for-pioneering-irish-property-data-research.html

 

• Where is there agricultural land for sale in Ireland? https://thatsfarming.com/farming-news/land-in-ireland/

 

• Ireland on track to become one of the most connected countries in Europe  https://www.techcentral.ie/ireland-on-track-to-become-one-of-the-most-connected-countries-in-the-world/

 

• Locked out – An Australian perspective: housing has become a path to wealth, but renters have been left behind  https://www.theguardian.com/australia-news/2022/apr/30/locked-out-housing-has-become-a-path-to-wealth-but-renters-have-been-left-behind

 

• Nine Ways The Metaverse Influences Business Innovations And Leadership Decisions  https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2022/04/22/nine-ways-the-metaverse-influences-business-innovations-and-leadership-decisions/

 

• Minister O’Brien delighted that Ireland’s first purpose built Cost Rental and social housing development wins Social Housing Development of the Year https://www.gov.ie/en/press-release/de535-minister-obrien-delighted-that-irelands-first-purpose-built-cost-rental-and-social-housing-development-wins-social-housing-development-of-the-year/

 

Ireland’s inaugural National Property Awards 2022

In association with the Business Post

 

The inaugural National Property Awards took place at the InterContinental Hotel in Dublin on Thursday night and it was great to see a packed house, as more than 400 of the industry’s most identifiable names showcased stellar projects and achievements. The event was hosted by Ivan Yates and iQuest, and sponsored by Deloitte,  Proptech Ireland, Rohan Holdings Limited, Core and Yardi.

The judging panel included John Doddy (Deloitte), Carol Tallon (Property District), James Benson (CIF), Phelim O’Neill (LDA) and Bob Jordan (Housing Agency), and was chaired by Business Post Property Plus Editor, Tina-Marie O’Neill. Awards winners on the night were as follows:

 

Best Covid-19 Response

Health Service Executive Capital & Estates

 

Placemaking Award

Meitheal Architects & Princes Street Traders

 

In House Marketing Team of the Year

Cairn Homes plc

 

Proptech Award

Savills Ireland & Outset Agency

 

Social Housing Development of the Year

Tuath Housing Association & Respond

 

Real Estate Agency of the Year

Hooke & MacDonald

 

Best ESG Initiative of the Year

Hines Ireland

 

Property Management Company of the Year

Shannon Group

 

Independent Estate Agency of the Year

Clare Connolly – Estate Agent

 

Building Contractor of the Year

Walls Construction Limited

 

Developer of the Year

Cairn Homes plc

 

Deal of the Year

Savills

 

Huge congratulations to the recipient of the inaugural Lifetime Achievement Award and the first inductee to the National Property Awards Hall of Fame, Ken MacDonald of Hooke & MacDonald!

 

 

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

 

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

This week on iPropertyRadio

Coyote CEO Oli Farago and CRO David Oates join host Carol Tallon in the Proptech Hot Seat on iPropertyRadio to discuss their commercial property CRM and how data is transforming real estate

Watch back: https://www.youtube.com/watch?v=quEI1jXnFqU 

 

Produced by Hear Me Roar Media

 

Some additional weekend listening 

Property District Digital Marketing Manager (with a Masters in International Business) Amey Puro breaks down the mechanics of SEO and more in the Digital Marketing Insights Show https://open.spotify.com/episode/2FG3psfrDtHj6D3eC8jibi?si=9NNS3oEwTyu6ZxyxR9ScmQ

Contact amey@propertydistrict.ie for an initial audit of your company’s website/digital presence and let him guide you through the development of a digital marketing strategy.

Listen back: https://open.spotify.com/episode/2FG3psfrDtHj6D3eC8jibi?si=9NNS3oEwTyu6ZxyxR9ScmQ

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

• Dublin Emerges As One Of Europe’s Richest Cultural Centers https://www.forbes.com/sites/johnmariani/2022/04/25/dublin-emerges-as-one-of-europes-richest-cultural-center/

 

• Sea levels in Dublin Bay have risen at nearly double global rate since 1997, research shows: The research was led by the Hamilton Institute and ICARUS Climate Research Centre at Maynooth University.https://www.thejournal.ie/sea-levels-dublin-bay-risen-double-global-rate-5750085-Apr2022/

 

• Former judge claims Blackrock ‘build-to-rent’ scheme will ‘wreck the place’  https://www.breakingnews.ie/ireland/former-judge-claims-blackrock-build-to-rent-scheme-will-wreck-the-place-1295261.html

 

• Seven coastguard cottages in Crosshaven among OPW’s vacant Cork sites: Database details more than 70 vacant properties across the country, some of which have lain idle for over a decade https://www.irishexaminer.com/news/munster/arid-40861157.html

 

• Watch: Last house on Cork’s oldest ‘street’ coming back to life after years of dereliction: Keyser’s Hill – dating back to the Vikings – was once home to dozens of families  https://www.corkbeo.ie/news/property/watch-last-house-corks-oldest-23770428.amp

 

• In part three of his series on Cork’s glamping sites, RICHARD GORDON talks to the owners of Top of the Rock, which sits in the stunning countryside in Drimoleague, West Cork  https://www.echolive.ie/corklives/arid-40858817.html

 

• Nine Airbnb properties in Waterford investigated last year  https://www.wlrfm.com/news/nine-airbnb-properties-in-waterford-investigated-last-year-247797

 

• County Council criticised after cold water poured on plans for public park in Oranmore  https://connachttribune.ie/county-council-criticised-after-cold-water-poured-on-plans-for-public-park-in-oranmore/

 

• U-turn on Salthill cycleway has cost €200,000  https://connachttribune.ie/u-turn-on-salthill-cycleway-has-cost-e200000/

 

• Northern Distributor Road cut from revised Limerick transport strategy  https://www.live95fm.ie/news/live95-news/northern-distributor-road-cut-from-revised-limerick-transport-strategy/

 

• Eugene McGuinness admits objecting to ‘bizarre’ family planning application is awkward: Obejections have been lodged against MJ McGuinness plans to build apartment block on O’Loughlin Road  https://kclr96fm.com/mcguinness-object-bizarre-awkward/

 

• Kildare TD opposes plans for therapeutic farm for people with mental health difficulties  https://www.breakingnews.ie/amp/ireland/kildare-td-opposes-plans-for-therapeutic-farm-for-people-with-mental-health-difficulties-1297593.html

 

• Landowners to be forced to give land for greenways  https://www.mayonews.ie/news/38286-landowners-to-be-forced-to-give-land-for-greenways

 

• Former west Mayo guest house acquired by The Housing Agency  https://www.con-telegraph.ie/2022/04/29/former-west-mayo-guest-house-acquired-by-the-housing-agency/

 

• Presentation on plans for marina in Westport https://www.con-telegraph.ie/2022/04/29/presentation-on-plans-for-marina-in-westport/

 

*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

• Planning system overhaul will see High Court judges asked to vet judicial reviews more strictly:Peter Burke, Minister of State for Local Government and Planning, said the government had initiated a two-pronged process to overhaul Ireland’s planning system  https://www.businesspost.ie/Planning/planning-system-overhaul-will-see-high-court-judges-asked-to-vet-judicial-reviews-more-strictly-ccdd772f

 

• Likelihood of contractors facing insolvency ‘increasing by the day’, warns sector: Construction group calls for reform of public works contracts due to inflation https://www.irishtimes.com/news/ireland/irish-news/likelihood-of-contractors-facing-insolvency-increasing-by-the-day-warns-sector-1.4864180

 

• Developers seek ‘fast track’ planning for 5,035 units for Dublin over five day period: More than 9,000 residential units have been applied for under the SHD system for Dublin over a two week period in April.  https://www.thejournal.ie/strategic-housing-development-planning-5747332-Apr2022/

 

• More than 5,600 new homes completed in first three months of the year  https://www.irishexaminer.com/news/arid-40860920.html

 

• Emissions from housing construction could almost double under current plans, committee hears: The amount of carbon emitted during construction will continue to increase to meet the homes target in the Housing For All plan. https://www.thejournal.ie/housing-emissions-climate-5748443-Apr2022/ 

 

• Planning system must be modernised, says British Irish Chamber: Renewable energy should be prioritised, event told  https://www.irishtimes.com/business/construction/planning-system-must-be-modernised-says-british-irish-chamber-1.4863247

 

• Solve the housing crisis by building with timber we grow ourselves: Timber is a convenient, cost-effective, sustainable, durable and environmentally friendly building material that we can grow easily in Ireland. It’s madness not to make more use of it  https://m.independent.ie/business/farming/forestry-enviro/joe-barry-solve-the-housing-crisis-by-building-with-timber-we-grow-ourselves-41599100.html

 

• Builders ‘downing tools’ on major road projects as construction prices soar: Industry representative warns backlog is growing as schemes are deferred, and says prices must be adjusted to ensure delivery  https://www.businesspost.ie/infrastructure/builders-downing-tools-on-major-road-projects-as-construction-prices-soar-89b7d43a

 

• Shannon-Dublin water pipeline may not be built until at least 2031: The project, which will cost at least €1.3 billion to build, is considered critical to meeting the drinking water needs of a growing population in the greater Dublin region  https://www.businesspost.ie/infrastructure/shannon-dublin-water-pipeline-may-not-be-built-until-at-least-2031-23c36dd8

 

• Lidl Ireland to open giant new store in Dublin: Construction will begin this coming Autumn https://www.dublinlive.ie/news/dublin-news/lidl-ireland-open-giant-new-23776005.amp 

 

• Dispute over plans for state-of-the-art Dublin film studio set for High Court: Plaintiffs allege partners agreed to develop media park on a 50-acre site in Clondalkin  https://www.irishtimes.com/news/crime-and-law/courts/high-court/dispute-over-plans-for-state-of-the-art-dublin-film-studio-set-for-high-court-1.4861747

 

• Developer drops planning appeal over hotel at Cobblestone pub: Marron Estates Ltd had appealed decision of Dublin City Council to refuse permission for hotel at historic pub  https://www.irishtimes.com/news/environment/developer-drops-planning-appeal-over-hotel-at-cobblestone-pub-1.4865345

 

• Fingal County Council has granted planning for two data centres – €87 million /75,775sqm – despite impending government policy that is likely to state that such developments should not be given the go-ahead in the capital https://www.thetimes.co.uk/article/council-approves-two-new-data-centres-in-dublin-bkk6jtdvz

 

• Planned AWS data center in Dublin survives challenge from An Taisce: 48MW facility in Drogheda’s IDA Business & Technology Park allowed to go ahead by An Bord Pleanála  https://www.datacenterdynamics.com/en/news/planned-aws-data-center-in-dublin-survives-challenge-from-an-taisce/

 

• Round Hill Capital and QuadReal Property have expanded their Irish residential property venture with an additional €200m commitment, which lifts the partnership’s total capital commitments to €575m to fund assets across Dublin and other major Irish cities https://realassets.ipe.com/news/round-hill-quadreal-add-200m-to-irish-residential-venture/10059409.article

 

• Ballymore secures €112m in funding under AIB’s new green development facility: Property group says money will fund current and future building projects, including social housing https://www.irishtimes.com/business/commercial-property/ballymore-secures-112m-in-funding-under-aib-s-new-green-development-facility-1.4862309

 

• Iput doubles logistics portfolio with €50m development land deal:  Real estate company has bought 118 acres in north Dublin for its Nexus Distribution Park https://www.irishtimes.com/business/commercial-property/iput-doubles-logistics-portfolio-with-50m-development-land-deal-1.4864177

 

• Plans for first homes on Dublin’s Digital Hub site expected next year: Hundreds of apartments to be built on 3.72 hectare Liberties site  https://www.irishtimes.com/news/ireland/irish-news/plans-for-first-homes-on-dublin-s-digital-hub-site-expected-next-year-1.4864183

 

• Eagle Street in €60m deal for Dublin docklands site: Property investor acquires East Road plot with plans for 554 homes from Glenveagh https://www.irishtimes.com/business/commercial-property/eagle-street-in-60m-deal-for-dublin-docklands-site-1.4862447 

 

• Planning permission for 227 apartments in Goatstown challenged in High Court: Blackrock resident argues that Bord Pleanála decision is flawed  https://www.irishtimes.com/business/construction/planning-permission-for-227-apartments-in-goatstown-challenged-in-high-court-1.4865650

 

• House in Dalkey offers potential for development of 12 apartments  https://m.independent.ie/business/commercial-property/house-in-dalkey-offers-potential-for-development-of-12-apartments-41594616.html

 

• Planning permission sought for 240 bed Westside student accommodation  https://www.galwaydaily.com/news/housing/planning-permission-sought-for-240-bed-westside-student-accommodation/

 

• Plans approved for 111 homes in Claregalway  https://www.galwaydaily.com/news/housing/plans-approved-for-111-homes-in-claregalway/

 

• Planning sought for 151 homes in Galway City  https://www.galwaydaily.com/news/housing/planning-sought-for-151-homes-in-galway-city/

 

• Construction of key building at Limerick’s Opera Site to start in August  https://www.limerickleader.ie/news/home/800561/construction-of-key-building-at-limerick-s-opera-site-to-start-in-august.html

 

• An Bord Pleanála has given Lock House Developments permission to make a Strategic Housing Development planning application. The project would involve building 84 houses and 86 apartments, along with a creche, at Bóthar na Chóiste, Castlegar. https://www.galwaydaily.com/news/housing/developer-allowed-to-make-planning-application-for-170-homes-in-galway/

 

• Proposal to develop boutique hotel at Nun’s Island hits setback  https://connachttribune.ie/proposal-to-develop-boutique-hotel-at-nuns-island-hits-setback/

 

• ‘Further consideration’ needed before scheme for hundreds of new homes in Cork town can proceed. The plans were for 365 houses and 320 apartments.  https://www.echolive.ie/corknews/arid-40861757.html

 

• The development land market in south Leinster is generating increased activity as reflected in sites in Naas and Carlow.  https://m.independent.ie/business/commercial-property/sites-in-kildare-and-carlow-attracting-developers-41594614.html

 

• Irish port to spend €200m on becoming main base for offshore wind construction https://www.globalconstructionreview.com/irish-port-to-spend-e200m-on-becoming-main-base-for-offshore-wind-construction/

 

• Low-Carbon Transition Disrupts Building Materials, Construction  https://www.fitchratings.com/research/corporate-finance/low-carbon-transition-disrupts-building-materials-construction-25-04-2022

 

• Kingspan launches PowerPanel solution allowing users to Insulate and Generate in a single product  https://irishbuildingmagazine.ie/2022/04/29/kingspan-launches-powerpanel-solution-allowing-users-to-insulate-and-generate-in-a-single-product/

 

• People killed or seriously injured in work-related incidents are to be honoured in a ceremony to mark Workers’ Memorial Day. https://www.rte.ie/news/ireland/2022/0428/1294772-workers-memorial/

 

• Property firm Blackpool Developments faces liquidation at creditors’ meeting: Company sold Blackpool Shopping Centre in Cork in 2014 to clear liabilities to Nama  https://www.irishtimes.com/business/commercial-property/property-firm-blackpool-developments-faces-liquidation-at-creditors-meeting-1.4862689

 

• Euro Auctions’ €900m-plus deal falls through over competition concerns: Investigation by Competition and Markets Authority scuppers deal for Euro Auction https://www.irishtimes.com/business/euro-auctions-900m-plus-deal-falls-through-over-competition-concerns-1.4866663

 

• Builders merchanting and DIY group Grafton Group said it had made a positive start to the year with total revenue up by 17.5% in constant currency and average daily like-for-like revenue growth of 7.2%.  https://www.rte.ie/news/business/2022/0428/1294807-grafton-group-trading-update/

 

• The Irish Times Business Person of the Month: Stephen Garvey – Glenveagh Properties chief announced a doubling in annual revenues and a return to profit for the house builder  https://www.irishtimes.com/business/the-irish-times-business-person-of-the-month-stephen-garvey-1.4864706

 

• Construction experts have proposed a standardised concrete carbon rating system to make it easier for clients and designers to choose low-carbon options.  https://www.constructionenquirer.com/2022/04/28/call-for-carbon-rating-system-for-concrete/

 

• RIBA Gold Medal-winning studio Grafton Architects has been awarded the European Union’s annual architecture award for Town House, a colonnaded teaching building designed for Kingston University in London.  https://www.dezeen.com/2022/04/26/grafton-architects-town-house-mies-van-der-rohe-award-2022/

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.

 

• UK proptech company Home Made announced entry into the Irish market with first letting services in Dublin planned for later this year https://www.siliconrepublic.com/start-ups/home-made-irish-expansion-dublin-proptech-uk

 

• New PropTech ‘Disruptor’ – Major cash injection for lettings platform  https://www.lettingagenttoday.co.uk/breaking-news/2022/4/another-disruptor–major-cash-injection-for-lettings-platform

 

• Moving app takes off with agents: ‘Man & Van’, which launched just three years ago to deliver on-demand transportation, has become increasingly popular with letting agents and landlords with enquiries more than doubling in the last 12 months. https://thenegotiator.co.uk/moving-app-takes-off-with-agents/

 

• Raise has led a $22 million investment in Paris-based proptech Stonal. The startup offers tools including ESG reporting, financial analysis and maintenance planning to help property owners and asset managers manage and increase returns on portfolios https://pitchbook.com/newsletter/proptech-startup-stonal-lands-22m

 

• Environmental impact of our existing building stock is no longer sustainable: But ‘easy wins’ of light, heat and insulation should be looked at before rebuilding  https://www.irishtimes.com/business/commercial-property/environmental-impact-of-our-existing-building-stock-is-no-longer-sustainable-1.485839

 

• How we make cement isn’t set in stone: Brimstone raises $55M in huge pre-revenue round  https://therealdeal-com.cdn.ampproject.org/c/s/therealdeal.com/2022/04/28/how-we-make-cement-isnt-set-in-stone-brimstone-raises-55m-in-huge-pre-revenue-round/amp/

 

• Long-term PropTech deal signed by high-profile agency group  https://www.lettingagenttoday.co.uk/breaking-news/2022/4/long-term-proptech-deal-signed-by-high-profile-agency-group?source=newsticker

 

• Mortgage professional and angel investor Ying Tan has invested in a property data platform. Bristol-based Propflo recently closed its pre-seed funding round of £180,000, led by Tan, for the platform which aims to give sellers and buyers transparency.  https://www.mortgagesolutions.co.uk/news/2022/04/29/ying-tan-invests-in-ai-led-proptech-start-up/

 

• Proptech Innovator Offerd Announces Big Upgrades to Market-Leading Multifamily Acquisitions Platform  https://enterprisetalk.com/news/proptech-innovator-offerd-announces-big-upgrades-to-market-leading-multifamily-acquisitions-platform/

 

• JLL leads $15M funding round for portfolio management proptech Re-Leased – FinLedger https://finledger.com/2022/04/29/jll-leads-15m-funding-round-for-portfolio-management-proptech-re-leased/

 

• Greenly aims to help SMEs track and reduce their carbon emissions, raises $22M https://venturebeat.com/2022/04/20/greenly-aims-to-help-smes-track-and-reduce-their-carbon-emissions-raises-22m/

 

• How the Proptech Startup Clikalia Raised $1.1 Billion in Under 2 Years: The CEO of a proptech startup that’s raised $1.1 billion shares why he isn’t afraid of a housing bubble burst  https://www.businessinsider.com/clikalia-proptech-startup-raised-118m-series-b-ceo-strategy-grow-2022-4

 

• The SoftBank Model Is Pushing Proptech Valuations Past Reality https://www.bisnow.com/national/news/capital-markets/softbank-investment-vc-equities-market-red-flag-112748

 

• The Future of Architecture is Multi-Player https://www.archdaily.com/979788/the-future-of-architecture-is-multi-player

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• “It has been more than 30 years since homeownership peaked in Ireland. In 1991 80% of Irish people were homeowners, while private rental accounted for 8% and social rental stood at 10%. At that time there were 2,700 people registered as homeless in this country. The Ireland of today is vastly different to Ireland of 1991.There are more than 9,000 classified as homeless. 67% of Irish people are homeowners.  https://www.nenaghguardian.ie/2022/04/24/lowry-think-outside-the-box-to-tackle-housing-crisis/

 

• Spiralling prices mean Dublin is seeing rush of homes selling for €1m: There has been a 30pc increase in the number of €1m-plus homes selling the capital in just 12 months https://m.independent.ie/irish-news/spiralling-prices-mean-dublin-is-seeing-rush-of-homes-selling-for-1m-41584086.html

 

• Dublin is in the ha’penny place when it comes to rising property prices: Global cities report shows higher house price inflation in Istanbul, Phoenix and Sydney https://www.irishtimes.com/life-and-style/homes-and-property/dublin-is-in-the-ha-penny-place-when-it-comes-to-rising-property-prices-1.4863201

 

• 450,000 homeowners facing higher mortgage rates as early as July  https://m.independent.ie/business/personal-finance/property-mortgages/450000-homeowners-facing-higher-mortgage-rates-as-early-as-july-41585487.html

 

• Home purchase mortgage drawdowns €18,000 higher than last year – report: Mortgage switching has increased by 28% in the first quarter of the year, BPFI report shows. https://www.thejournal.ie/mortgage-switching-3-5750710-Apr2022/?amp=1

 

• Mortgage measures were not designed to limit house prices, says Donnery: Central Bank deputy governor insists measures have reduced risk of another bubble  https://www.irishtimes.com/business/economy/mortgage-measures-were-not-designed-to-limit-house-prices-says-donnery-1.4862457

 

• Honohan criticises government housing policy as ‘reactive’ and inflationary: Former Central Bank governor says help-to-buy scheme was poorly designed https://www.irishtimes.com/business/economy/honohan-criticises-government-housing-policy-as-reactive-and-inflationary-1.4863086

 

• Rents for new tenancies nationally rose by 9% in the last three months of last year when compared to the same period a year earlier, new data from the Residential Tenancies Board and the Economic and Social Research Institute shows: In total, 9,346 private tenancies were newly registered with the RTB during the quarter, down 48% on the same period in 2020.  https://www.rte.ie/news/2022/0427/1294514-ireland-rent-housing/

 

• Average rent for new tenancy in Dublin reached €1,972 per month at end of last year: The lowest rents for new tenancies were in Leitrim and stood at €740 per month.  https://www.thejournal.ie/rents-rtb-5747557-Apr2022/

 

• Dublin rent: The salary you need for a three bedroom home in every Dublin area: Rents for new tenancies rose by 9% nationally in the last three months of 2021 in comparison to 2020 https://www.dublinlive.ie/news/property/dublin-rent-salary-you-need-23807341

 

• The Government could make a decision within the next ten days to further restrict the short-term letting of houses and apartments.  https://www.rte.ie/news/politics/2022/0430/1295347-short-term-letting/

 

• Warning as homeowners underinsuring properties by up to €35,000 https://m.independent.ie/business/personal-finance/insurance/warning-as-homeowners-underinsuring-properties-by-up-to-35000-41588657.html

 

• DCC on course to exceed yearly target for leasing of social housing, despite government plans to end the practice: Taoiseach Micheál Martin has committed to phasing out the practice, decried as benefiting property investors at the expense of taxpayers  https://www.businesspost.ie/houses/dcc-on-course-to-exceed-yearly-target-for-leasing-of-social-housing-despite-government-plans-to-end-the-practice-e0066175

 

• City and county council launched just 5 investigations into short-term lets last year  https://connachttribune.ie/city-and-county-council-launched-just-5-investigations-into-short-term-lets-last-year/

 

• Inside the magical Cork mini castle that’s available to rent: The stunning spot is perfect for two people and dogs are more than welcome to sleep there too. https://www.corkbeo.ie/news/property/inside-magical-cork-mini-castle-23770866

 

• Wells House sold in deal believed to be ‘one of the biggest in Wexford in a long, long time’: Landmark tourist attraction was originally put on the market prior to the pandemic with a guide price of €7m  https://m.independent.ie/regionals/wexford/news/wells-house-sold-in-deal-believed-to-be-one-of-the-biggest-in-wexford-in-a-long-long-time-41589253.html

 

• Dermot Bannon: Knowledge is power in retrofitting and design: Property Editor Tommy Barker talks to architect Dermot Bannon, quantity surveyor Patricia Power and the SEAI https://www.irishexaminer.com/property/homeandgardens/arid-40857104.html

 

• How to use ‘happy’ colours to make any house feel like home: Interiors Association president Jackie Carton shares the secrets to creating a living space that reflects its owner’s personality https://www.irishexaminer.com/property/homeandgardens/arid-40860200.html

 

• New York-based Irish designer Clodagh ‘can’t bear the word trend’: A new documentary explores the life and work of the celebrated interior designer https://www.irishtimes.com/life-and-style/homes-and-property/interiors/new-york-based-irish-designer-clodagh-can-t-bear-the-word-trend-1.4859432

 

 

COMMERCIAL PROPERTY NEWS

• Commercial Property: Signs of a floor after three years of falling retail property values – Despite continued declines on Dublin’s shopping streets, the rate of decline has consistently slowed https://m.independent.ie/business/commercial-property/signs-of-a-floor-after-three-years-of-falling-retail-property-values-41601755.html

 

• Ireland’s hotel market is bouncing back quickly from Covid  https://m.independent.ie/business/commercial-property/irelands-hotel-market-is-bouncing-back-quickly-from-covid-41594607.html

 

• Retail sales rise despite cost-of-living squeeze: CSO figures show consumers spent more on cosmetics and in department stores in March https://www.irishtimes.com/business/retail-and-services/retail-sales-rise-despite-cost-of-living-squeeze-1.4864294

 

• CitizenM has acquired its first property in Dublin  https://tophotel.news/citizenm-has-acquired-its-first-property-in-dublin/

 

• IWG takes wing with opening of Dublin Airport facility: The global flexible workspace provider IWG’s Irish expansion is continuing apace with the opening of a new ‘Spaces’ site at Dublin Airport Central https://www.businesspost.ie/commercial/iwg-takes-wing-with-opening-of-dublin-airport-facility-774b44d8 (pictured)

 

• North docklands offer tempting opportunities for buyers: Recent deals in the area north of the Liffey, such as Point Square changing hands for €85 million, suggest that it is finally ‘bursting into life’, in the words of one agent https://www.businesspost.ie/commercial/north-docklands-offer-tempting-opportunities-for-buyers-80cd1161

 

• German investor completes €129m deal for Penneys’ distribution centre: Union Investment to secure 3.7% yield from investment in retailer’s Kildare logistics hub https://www.irishtimes.com/business/commercial-property/german-investor-completes-129m-deal-for-penneys-distribution-centre-1.486

 

• Prime Mayo retail property placed on the market  https://www.con-telegraph.ie/2022/04/26/prime-mayo-retail-property-placed-on-the-market/

 

INTERNATIONAL PROPERTY NEWS

• Property Natter – the who’s who of the UK industry https://www.estateagenttoday.co.uk/features/2022/4/property-natter–the-whos-who-of-the-industry

 

• Tall building plans across London hit record levels  https://www.constructionenquirer.com/2022/04/25/tall-building-plans-across-london-hit-record-levels/

 

• UK Hotel construction set to boom with £2.5b development pipeline  https://www.thecaterer.com/news/hotel-constructionsector-boasts-2.5bn-pounds-worth-of-projects

 

• IKEA completes store in vienna, defined by green facade of huge ‘shelving’ https://www.designboom.com/architecture/ikea-vienna-ikea-city-store-vienna-green-facade-shelving-no-car-parking-04-25-2022/

 

• Portugal’s Start Campus breaks ground on $4bn data centre farm – The Tech Capital https://thetechcapital.com/portugals-start-campus-breaks-ground-on-4bn-data-centre-farm/

 

• Studio Gang breaks ground on Populus building designed to be US’ “first carbon-positive” hotel  https://www.dezeen.com/2022/04/28/studio-gang-populus-denver-carbon-positive/

 

• Dozens left trapped or missing after building collapses in China: No casualties have been reported so far and city authorities said five people were rescued from the collapsed structure overnight https://www.thejournal.ie/five-rescued-building-collapse-changsha-china-5751894-Apr2022/?amp=1

 

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/