Sunday Property Round-Up May 30th, 2021

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:

 

 

 

 

 

 

 

 

  • O’Brien to delay ‘use it or lose it’ rule for planning: Department of Housing fears that cancelling planning permission could lead to delays in construction, as a new application could take up to a year to be granted https://www.businesspost.ie/houses/obrien-to-delay-use-it-or-lose-it-rule-for-planning-a1389cfc

 

  • O’Dea quits as chairman of property fund and sells shares in firm: The long-serving Limerick Fianna Fáil TD says he will also sell his shares in Formation Group, following revelation of its links to bulk-buying of houses https://www.businesspost.ie/houses/odea-quits-as-chairman-of-property-fund-and-sells-shares-in-firm-5a848279

 

 

 

 

  • *INSTITUTIONAL Funds Target Farms After Being Deterred By New Housing Bulk-Buy Limits   [*incorrect terminology removed] https://extra.ie/2021/05/24/news/irish-news/cuckoo-funds-farms/amp

 

 

 

 

 

 

 

 

  If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/    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!)

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