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: 

 

• We face a very different economic picture for the next 24 months: Real wages are falling, mortgage payments will rise and the era of low interest rates seems over https://www.irishtimes.com/opinion/david-mcwilliams-we-face-a-very-different-economic-picture-for-the-next-24-months-1.4870316

 

• Housing for All – Innovation and Productivity https://www.gov.ie/en/publication/f0cd6-housing-for-all-innovation-and-productivity/

 

• IMF says key government housing scheme does not address supply bottlenecks: Insufficient supply of housing was one of several issues that government needed to take action on  https://www.irishexaminer.com/business/economy/arid-40866338.html

 

• Opposition politicians have raised concerns that a scheme which will pay developers up to €120,000 per apartment will not reduce prices. Senior Government ministers this week signed off on the Crói Contaithe (Cities) fund https://m.independent.ie/news/opposition-politicians-raise-concerns-that-scheme-to-pay-developers-up-to-120000-per-apartment-will-not-reduce-prices-41622214.html

 

• ‘Data stories’ could help address Dublin’s housing crisis  https://cities-today.com/data-stories-could-help-address-dublins-housing-crisis/

 

• A keen, green world of work is built on strong stakeholder relations: The need for buildings to be sustainable, and for staff welfare to be prioritised, means the relationship between owner and occupier will have to become more collaborative both in construction and during the life cycle of the build https://www.businesspost.ie/property/a-keen-green-world-of-work-is-built-on-strong-stakeholder-relations-8365c602

 

• Church set to lose battle to rezone more than 30 Dublin churches: Council poised to reject plans to rezone sites, including historic churches, for housing https://www.irishtimes.com/news/ireland/irish-news/church-set-to-lose-battle-to-rezone-more-than-30-dublin-churches-1.4869618

 

• Bord Pleanála deputy chair faces moment of truth over allegations: Paul Hyde at centre of storm with potentially big implications for quasi-judicial body https://www.irishtimes.com/news/ireland/irish-news/bord-plean%C3%A1la-deputy-chair-faces-moment-of-truth-over-allegations-1.4871479

 

• Activists squat in hostel meant for Ukrainian refugees  https://www.thetimes.co.uk/article/activists-squat-in-hostel-meant-for-ukrainian-refugees-bblg87mnx

 

• An international student who bought an old car to live in because she could not find accommodation in Dublin has now been duped out of €600 in rental fraud. https://www.irishexaminer.com/news/arid-40867229.html

 

• Dutch fintech bunq enters Irish market as pillar banks leave https://m.independent.ie/business/irish/dutch-fintech-bunq-enters-irish-market-as-pillar-banks-leave-41613247.html

 

• Fact, fiction, and retrofitting: What the data reveals about the energy efficiency of Irish housing stock: Oireachtas heard that we may end up “retrofitting the retrofit in ten years’ time” due to poor standards. But what do we know about the energy efficiency of homes that are being built now?  https://thecurrency.news/articles/82132/fact-fiction-and-retrofitting-what-the-data-reveals-about-the-energy-efficiency-of-irish-housing-stock/

 

• Co-owning homes new way to get on the property ladder:  Kiwibank has set up a new system to streamline an alternative home ownership model, aiming to make it easier to go in on a house with friends or family.  https://www.1news.co.nz/2022/05/02/co-owning-homes-new-way-to-get-on-the-property-ladder/

 

• Flipping property: can you still make a profit? Making a quick buck from buying at auction and renovating is harder than ever due to rate rises and materials shortages  https://www.thetimes.co.uk/article/flipping-property-can-you-still-make-a-profit-x3lssqtzz

 

• Ministers announce ambitious new Strategic Action Plan for the National Parks and Wildlife Service  https://www.gov.ie/en/press-release/04792-ministers-announce-ambitious-new-strategic-action-plan-for-the-national-parks-and-wildlife-service/

 

• ‘Price on application’ in UK property listings deemed unlawful  https://propertyindustryeye.com/price-on-application-in-property-listings-deemed-unlawful/

 

• Discarded tree forks could replace load-bearing joints in architecture projects using a construction technique developed by researchers at the Massachusetts Institute of Technology.  https://www.dezeen.com/2022/05/05/tree-forks-mit-digital-structures-architecture/

 

• Kengo Kuma designs plant-covered Silicon Valley building with “green lung” https://www.dezeen.com/2022/05/05/kengo-kuma-park-habitat-silicon-valley-green-lung/

 

• For the Proptech and construction tech founders here: What Sequoia has done in venture capital and Y Combinator as an accelerator, Grimeland hopes to replicate at an even earlier stage of the startup lifecycle. Antler canvasses the world for potential founders … https://www.forbes.com/sites/kevindowd/2022/05/04/meet-mark-zuckerbergs-harvard-classmate-who-is-trying-to-build-a-global-startup-factory/?sh=4e865842138f 

 

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

On iPropertyRadio.com this week: 

 

In Part 1 ‘Property Matters’, Solicitor Fred Logue, expert in planning and environmental law, discusses the proposed new planning court (a division of the High Court) for Ireland.

 

Watch back: https://youtu.be/DRyRDR-c-Ms  

 

Listen back:  https://ipropertyradio.com/matters/

 

In Part 2 ‘Breaking Ground’, Head of MMC Delivery at C+W O’Brien Architects , Pat Kirwan, discusses the new representative body set up, together with Evolusion Innovation, to support those involved in the planning, design, procurement or delivery of offsite and other modern methods of construction in Ireland – MMC Ireland (www.mmcireland.ie).

 

Watch back: https://youtu.be/w6Wkf-fpXZ0  

 

Listen back: https://ipropertyradio.com/breaking-ground/  

 

Listen back to all episodes at www.ipropertyradio.com 

 

Email the Property Matters team at info@propertydistrict.ie 

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

• You don’t want to go into Dublin city centre and just see loads of hotels’: Architect Róisín Murphy on why Irish pubs and shops should be made Unesco sites  https://m.independent.ie/irish-news/news/you-dont-want-to-go-into-dublin-city-centre-and-just-see-loads-of-hotels-architect-roisin-murphy-on-why-irish-pubs-and-shops-should-be-made-unesco-sites-41626188.html

 

• How Tallaght and other Dublin areas got their quirky names: Dublin itself is derived from the Irish words “dubh” and “linn” https://www.dublinlive.ie/news/dublin-news/how-tallaght-dublin-areas-quirky-23874147

 

• Public must have faith in the system: The need for a credible planning system is greater than it ever was and the public deserves nothing less  https://www.irishexaminer.com/opinion/ourview/arid-40863821.html

 

• Michael McDowell: Planning regulator makes a sham of local democracy – Return real planning power to elected members of local authorities  https://www.irishtimes.com/opinion/michael-mcdowell-planning-regulator-makes-a-sham-of-local-democracy-1.4868503

 

• Hundreds of affordable homes will be delivered under a masterplan being prepared for lands in Dublin’s Liberties. Pear Tree Crossing, proposes a mixed-use development on a 3.72-hectare site that straddles both sides of Thomas Street.  https://m.independent.ie/regionals/dublin/dublin-news/plans-for-hundreds-of-affordable-homes-under-digital-hub-masterplan-41609561.html

 

• Why moving Dublin Port would be bad for the city  https://www.rte.ie/brainstorm/2022/0504/1295953-dublin-port-development-climate-change-ecology-history-/

 

• Call for former Dublin tenement residents to share their memories: The tenements play a big role in Dublin’s history.  https://www.thejournal.ie/share-memories-of-tenement-living-dublin-5748005-May2022/

 

 

• ‘Hundreds’ of objections expected to ‘gigantic’ housing development in Dundrum village  https://m.independent.ie/regionals/dublin/dublin-news/hundreds-of-objections-expected-to-gigantic-housing-development-in-dundrum-village-41613914.html Also: Dundrum scheme: Overwhelming height, scale and bulk – Developers avail of exemption to bypass Dún Laoghaire-Rathdown planners https://www.irishtimes.com/opinion/dundrum-scheme-overwhelming-height-scale-and-bulk-1.4871360 

 

• Bremore Castle Market to return as a monthly fixture in Balbriggan  https://m.independent.ie/regionals/dublin/fingal/bremore-castle-market-to-return-as-a-monthly-fixture-in-balbriggan-41606589.html

 

• ‘Once we knew we could access good broadband, that’s all that mattered’ –the young family who swapped Dublin 7 for a house on five acres in Mayo  https://m.independent.ie/life/home-garden/homes/once-we-knew-we-could-access-good-broadband-thats-all-that-mattered-the-young-family-who-swapped-dublin-7-for-a-house-on-five-acres-in-mayo-41618187.html

 

• Campaigners identify 700 derelict properties within 2km of Cork’s city centre. Figure is more than seven times the official figure on Cork City Council’s derelict sites register https://www.irishexaminer.com/news/munster/arid-40865222.html

 

• ‘Long-awaited’ remediation works to Cork city housing estates to begin next month  https://www.echolive.ie/corknews/arid-40867385.html

 

• Back to the future: Transforming old city buildings into vibrant modern living spaces: We talk to conservation architect Róisín Murphy who believes we need to reclaim our cities and towns for the people  https://www.irishexaminer.com/property/homeandgardens/arid-40867058.html

 

• Iconic landmark for sale overlooking West Cork bay: This historic monument dates back to the 1800s and it comes with ten acres of land  https://www.corkbeo.ie/news/property/iconic-landmark-sale-overlooking-west-23872891

 

• Irish rail submits further plans for opening up Ceannt Station  https://www.galwaydaily.com/news/transport/irish-rail-submits-further-plans-for-opening-up-ceannt-station/

 

• City public meeting to discuss light rail system for Galway  https://galwaybayfm.ie/galway-bay-fm-news-desk/city-public-meeting-to-discuss-light-rail-system-for-galway/

 

• Properties opposite Galway Airport ‘still boast future jobs potential’  https://connachttribune.ie/properties-opposite-galway-airport-still-boast-future-jobs-potential/

 

• Galway East TD calls on OPW to ensure built heritage is preserved correctly  https://connachttribune.ie/galway-east-td-calls-on-opw-to-ensure-built-heritage-is-preserved-correctly/amp/

 

• Community and Business centre opens on Inis Meáin  https://www.galwaydaily.com/news/community-and-business-centre-opens-on-inis-meain/

 

• Clare and Limerick TDs clash with Ryan as he blocks road development for a second time: Taoiseach forced to intervene as the Green minister halts Phase 2 of the Limerick Northern Distributor Road, prompting fury from local TDs  https://www.irishexaminer.com/news/politics/arid-40863098.html

 

• Supermacs, Pat McDonagh, urges government to improve the quality of living in the countryside, to encourage the trend of young people re-locating to the rural areas. https://connachttribune.ie/future-of-rural-ireland-examined-at-irish-rural-links-conference/amp/

 

• ‘Poor place to grow old:’ UCC study looks at older people in rural communitieshttps://www.echolive.ie/corknews/arid-40864814.html

 

 

• Four route options identified for €600m N24 between Waterford and Cahir: Around 4,500 property owners will be contacted about the works impacting their land https://www.irishexaminer.com/news/munster/arid-40865318.html

 

 

• Community spirit transforms old house into new home for Ukrainian refugees  https://www.rte.ie/news/ireland/2022/0503/1295665-ireland-ukraine/

 

• A South Mayo Councillor is calling for substantial grants for young people building their own houses. Councillor Patsy O’Brien says grants should be provided to young people to build houses or refurbish derelict buildings to sustain rural areas.  https://www.midwestradio.ie/index.php/news/57167-mayo-councillor-calls-for-grants-for-young-people-building-houses

 

• Council to administer grants for conservation of Listowel buildings  https://www.radiokerry.ie/news/council-to-administer-grants-for-conservation-of-listowel-buildings-280151

 

• Bike lanes damaging business is a ‘myth’ says transport chief  https://m.independent.ie/news/environment/bike-lanes-damaging-business-is-a-myth-says-transport-chief-41615332.html

 

 

*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

• Surge in building material costs picking up pace, suppliers warn: War in Ukraine exacerbating soaring inflation of energy and materials such as steel https://www.irishtimes.com/business/construction/surge-in-building-material-costs-picking-up-pace-suppliers-warn-1.4866834

 

• How do we control soaring building costs in Ireland?  https://www.newstalk.com/podcasts/breakfast-business/how-do-we-control-soaring-building-costs-in-ireland

 

• Rising costs could hit delivery of social housing  https://www.irishexaminer.com/news/arid-40867418.html

 

• Government launches recruitment drive for 27,500 construction workers over five years: The Government is planning on building 33,000 homes each year to 2030. https://www.joe.ie/amp/news/construction-jobs-ireland-747526

 

• Threat of mass industrial action is mounting amid pay claims: Wage demands of up to 10pc triggered by rising inflation https://m.independent.ie/irish-news/threat-of-mass-industrial-action-is-mounting-amid-pay-claims-41608204.html

 

• Applications open for the All-Ireland Heritage Skills Programme  https://www.communities-ni.gov.uk/news/applications-open-all-ireland-heritage-skills-programme

 

• Sale of oil and gas boilers should be phased out by 2027, building group says: Green Building Council recommends a number of measures to reduce carbon emissions and warns there are not qualified people to fulfil Ireland’s retrofitting targets https://www.businesspost.ie/construction/sale-of-oil-and-gas-boilers-should-be-phased-out-by-2027-building-group-says-43caf0ab

 

• Dominance of build-to-rent in Dublin ‘unsustainable’, says council chief: City council to defy planning regulator’s warning against build-to-rent curbs  https://www.irishtimes.com/news/politics/dominance-of-build-to-rent-in-dublin-unsustainable-says-council-chief-1.4867020

 

• Kennedy Wilson has applied for planning permission for the development of a ten-storey aparthotel in the north docks in Dublin. The US company wants to build a 30,000 sq ft (2,787 sq m) building on the site of its Coopers Cross development. https://www.thetimes.co.uk/article/kennedy-wilson-city-site-to-get-aparthotel-r86vp73z0

 

• Gerry Gannon firm to lodge largest fast-track planning application to date: Developer wants to build 2,527 residential units at Belcamp in Dublin  https://www.irishtimes.com/business/construction/gerry-gannon-firm-to-lodge-largest-fast-track-planning-application-to-date-1.4869412

 

• Cairn Homes cleared to lodge 690-unit planning application for RTÉ site: House builder also plans a hotel within Donnybrook project  https://www.irishtimes.com/business/construction/cairn-homes-cleared-to-lodge-690-unit-planning-application-for-rt%C3%A9-site-1.4870463

 

• Blackrock apartment scheme gets green light from council: Seabren Developments secures permission to build apartments on the site of the former Europa Garage site at Newtown Avenue  https://www.irishtimes.com/business/construction/blackrock-apartment-scheme-gets-green-light-from-council-1.4868618

 

• Rathgar village site primed for apartments guiding at €1.25m: Car park of landmark Comans pub offers capacity for 10 two-bed and eight one-bed units https://www.irishtimes.com/business/commercial-property/rathgar-village-site-primed-for-apartments-guiding-at-1-25m-1.4864528

 

• Retail opportunity in the heart of new homes scheme in Dublin seeks €2.95m:  1.98-acre site primed for commercial use sits next to 1,034 units being built at Kilcarbery Grange https://www.irishtimes.com/business/commercial-property/retail-opportunity-in-the-heart-of-new-homes-scheme-in-dublin-seeks-2-95m-1.4864362

 

• Dalkey site has scope for high-end residential scheme at €2m: Study suggests Knocknacree Road plot could accommodate four houses or 12 apartments  https://www.irishtimes.com/business/commercial-property/dalkey-site-has-scope-for-high-end-residential-scheme-at-2m-1.4864485

 

• Plans approved for apartment development at site of former distillery in Cork city  https://www.echolive.ie/corknews/arid-40864079.html

 

• Developer takes judicial review over planning refusal for apartments in Cork: A judicial review is a legal case which questions the appropriateness of a decision or action delivered by a Government department or statutory body  https://www.irishexaminer.com/news/munster/arid-40865810.html

 

• Big housing development and brand new creche planned for West Cork town: An application to build dozens of brand new townhouses in Bandon has been submitted https://www.corkbeo.ie/news/property/massive-housing-development-brand-new-23856200

 

• Plans submitted to add 47 new family homes to Carrigtwohill development: The total number of homes planned for the estate now sits at over 200  https://www.corkbeo.ie/news/plans-submitted-add-47-new-23878188

 

• Planned coffee dock at popular Cork beach is refused permission: Denis Calnan lodged an appeal to An Bord Pleanála after Cork County Council rejected his plans to build a single-storey coffee dock at Garreststown beach  https://www.irishexaminer.com/property/developmentconstruction/arid-40866833.html

 

• Appeals Board considering plan to build over 150 housing units in Rahoon  https://connachttribune.ie/appeals-board-considering-plan-to-build-over-150-housing-units-in-rahoon/

 

• Irish language condition in green light for over 100 residential units in Claregalway  https://galwaybayfm.ie/galway-bay-fm-news-desk/irish-language-condition-in-green-light-for-over-100-residential-units-in-claregalway/amp/

 

• Plan approved for 28 residential units in Clifden  https://connachttribune.ie/plan-approved-for-28-residential-units-in-clifden/

 

• The Cosgrave Property Group has lodged plans to construct 650 new homes on a site between Bray and Enniskerry.  https://www.independent.ie/regionals/wicklow/news/plans-lodged-to-develop-650-homes-in-bray-41621702.html

 

• Construction of Coosan housing project deferred  https://www.westmeathindependent.ie/2022/05/05/construction-of-coosan-housing-project-deferred/

 

• Plans for dozens of new homes in Suncroft area of Kildare  https://www.leinsterleader.ie/news/home/805010/plans-for-dozens-of-new-homes-in-suncroft-area-of-kildare.html

 

• Strong interest expected in Kilcock green site opportunity for €2.7m: Land parcel of 2.37 acres in Co Kildare town has planning permission for 64 homes and three commercial units  https://www.businesspost.ie/commercial/strong-interest-expected-in-kilcock-green-site-opportunity-for-eur27m-a2733c8d

 

• Building works started on 81 housing units in Kerry so far this year  https://www.radiokerry.ie/news/building-works-started-on-81-housing-units-in-kerry-so-far-this-year-280488

 

• Tom O’Connor and Kieran Cusack of Conack Construction announced on the EY Entrepreneur of the Year shortlist in the industry category https://www.irishtimes.com/business/ey-entrepreneur-of-the-year-shortlist-announced-1.4869587

 

• Iput offsets carbon footprint through planting of native woodland: The Irish property firm has partnered with a landowner in Mitchelstown, Co Cork, to plant 100 acres of forest in efforts to reach net-zero status https://www.businesspost.ie/commercial/iput-offsets-carbon-footprint-through-planting-of-native-woodland-5c4e2fa2

 

• Clery’s Quarter architect firm sees profits jump by 50%: State’s largest architectural firm, Henry J Lyons, sees directors’ remuneration fall 20%  https://www.irishtimes.com/business/construction/clery-s-quarter-architect-firm-sees-profits-jump-by-50-1.4871517

 

• Developer Chancerygate and specialist investor Bridges Fund Management have acquired a 2.1-hectare (five-acre) site on Swords Road in Santry, Dublin, for €4.5m from Careys Building & Civil Engineering. https://irishbuildingmagazine.ie/2022/05/03/chancerygate-and-bridges-to-redevelop-santry-site/

 

• Howden Joinery, the biggest supplier of kitchen units to the UK construction trade will open the doors of its first (of six) Irish depot this week.The stock market listed company said last year it would expand into the Irish market in 2022 to “test demand” https://m.independent.ie/business/irish/howden-to-open-first-of-six-planned-irish-depots-41615685.html

 

• Engineering and environmental services group Veolia Ireland is seeking to add 60 new staff to existing Irish workforce of 700.  https://www.irishtimes.com/business/construction/veolia-to-add-60-new-jobs-to-its-irish-operations-1.4867543

 

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 importance of good comms in proptech, with Social Tech Communications – YouTube https://m.youtube.com/watch?v=DFxzAn_UH-o

 

• A millionaire in his twenties, Marco Herbst now wants to use AI to take delays and disputes out of construction: The construction industry is entering an era of predictive technology and building out this new frontier is Evercam. Founded in 2013, by Marco Herbst and Vinnie Quinn, the company is shaving seven figure sums off the cost of building projects through its use of AI.  https://thecurrency.news/articles/81912/marco-herbst-became-a-millionaire-in-his-twenties-now-he-wants-to-use-ai-to-take-delays-and-disputes-out-of-construction/

 

• Ethical hacking and social engineering, along with the use of AI and robotics in farming, will be among topics covered at Galway’s AtlanTec Festival ‘The Art of Digital Acceleration’ https://connachttribune.ie/galway-city-to-host-international-tech-festival/

 

• Enterprise Ireland is among the world’s most active VC investors. I spent months trying to work out its returns- It’s hard to understand Enterprise Ireland’s overarching goals. It’s even harder to understand whether or not it’s achieving them, as I discovered during my journey to understand its returns.  https://thecurrency.news/articles/79238/enterprise-ireland-is-among-worlds-most-active-venture-capital-investors-i-spent-months-trying-to-work-out-its-returns/

 

• The Irish Council for Civil Liberties has lodged a complaint with the Data Protection Commission relating to GeoDirectory, the location address data service established by An Post and Ordnance Survey Ireland. https://www.rte.ie/news/business/2022/0503/1295649-data-complaint-lodged-against-geodirectory/

 

• Proptech firm launches quick reservation agreement service to tackle property fall-throughs: The new “Instant Reservation” product doesn’t require agents to integrate with the full-fat Gazeal platform. https://primeresi.com/proptech-firm-launches-quick-reservation-agreement-service-to-tackle-property-fall-throughs/

 

• Fairstead launches $100M investment vehicle aimed at affordable housing, sustainable development  https://finledger.com/2022/05/05/fairstead-launches-100m-investment-vehicle-aimed-at-affordable-housing-sustainable-development/

 

• Cities urged to help shape the metaverse https://cities-today.com/cities-urged-to-help-shape-the-metaverse/

 

• VC’s invest record $4B in proptech during Q1 | Connected Real Estate Magazine https://connectedremag.com/connectivity-tech/vcs-invest-record-4b-in-proptech-during-q1/

 

• Material Bank, a proptech marketplace for architectural, design and construction materials, announced today raising a $175 million equity funding round led by Brookfield Growth, according to a press release.   https://finledger.com/2022/05/06/material-bank-raises-175m-series-d-from-brookfield/

 

• These proptech startups are working to transform the real estate sector https://yourstory.com/2022/05/these-proptech-startups-bivocalbirds-thehousemonk-zapkey-brickandbolt-multiliving/amp

 

• HOW SAMSUNG’S SMARTTHINGS IS THINKING ABOUT MATTER AND THE FUTURE OF THE SMART HOME:  https://www.theverge.com/23055296/samsung-smartthings-smart-home-matter-interview

 

• Getting technical – developers use PropTech for new-build sales  https://www.propertyinvestortoday.co.uk/breaking-news/2022/5/getting-technical–developers-use-proptech-for-new-build-sales?source=newsticker

 

• Proptech Startup Fohlio Raises $3.15 Million Seed Round: Procurement workflow software company seeks to cut costs for multisite property owners https://commercialobserver.com/2022/05/proptech-startup-fohlio-huibin-yu/

 

• Proptech start-up promises to disrupt eviction with automated platform: Propertech says evictions sector has been devoid of tech investment until now because it’s seen as ‘unsexy’. https://thenegotiator.co.uk/proptech-start-up-promises-to-disrupt-evictions-with-automated-platform/

 

• PropTech platform that includes ‘Experian-like’ property score raises £180k – Property Industry Eye https://propertyindustryeye.com/new-proptech-platform-that-includes-experian-like-property-score-raises-180k/

 

• Revelop backs proptech firm as new shareholder … | propertyEU https://propertyeu.info/Nieuws/Revelop-backs-proptech-firm-as-new-shareholder/7cd3cb92-8bb7-435a-84f9-f24ec3991ab0

 

• How smart home technology can benefit renters and property managers  https://finledger.com/2022/05/03/how-smart-home-technology-can-benefit-renters-and-property-managers/

 

• Digital twins: The art of the possible in product development and beyond  https://www.mckinsey.com/business-functions/operations/our-insights/digital-twins-the-art-of-the-possible-in-product-development-and-beyond

 

• An architecture platform backed by the European Union is being launched across Europe this summer to support emerging architects and identify solutions for the environmental and climate crises.  https://www.dezeen.com/2022/04/25/lina-architecture-platform-european-green-deal/

 

• Pre-construction closing system Senara completes pre-seed round  https://finledger.com/2022/05/04/pre-construction-closing-system-senara-completes-pre-seed-round/

 

• 3 TECHNOLOGIES THAT BUYERS WILL EXPECT FROM HOME BUILDERS IN THE FUTURE: Find expert advice to help builders future-proof their business systems. https://www.builderonline.com/design/technology/3-technologies-that-buyers-will-expect-from-home-builders-in-the-future

 

• Jeff Bezos-Backed Rental Property Investment Platform Crashes After Investors Flood Site For Newest Batch Of Offerings  https://www.benzinga.com/real-estate/22/05/26942543/jeff-bezos-backed-rental-property-investment-platform-crashes-after-investors-flood-site-for-newest

 

• Propic acquires Property Realm to create intelligent AI platform to ease stress levels https://eliteagent.com/propic-acquires-property-realm-to-create-intelligent-ai-platform-to-ease-stress-levels/

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• Owen Keegan questions suitability of build-to-rent for social housing: Large numbers of people on waiting list due to be housed in build-to-rent blocks  https://www.irishtimes.com/news/social-affairs/owen-keegan-questions-suitability-of-build-to-rent-for-social-housing-1.4867665

 

• Complaint lodged with RTB over mouldy, overcrowded international student accommodation  https://www.irishexaminer.com/news/arid-40863356.html

 

• The number of active Housing Assistance Payment scheme properties across the country was over 60 thousand at the end of last year, an increase of 4.5 per cent on the same date in 2020. https://highlandradio.com/2022/05/04/1763-hap-properties-in-donegal/ Also:  Housing Assistance Payment Properties by Local Electoral Area 2021  https://www.dundalkdemocrat.ie/news/home/804380/dundalk-south-has-second-highest-number-of-hap-properties-in-ireland.html

 

• AIB feels comfortable with financial market assumptions that the ECB will increase its deposit rate from minus 0.5 per cent to zero by the end of the year, followed by rises in its main refinancing rate, which automatically moves tracker-mortgage rates  https://www.irishtimes.com/business/financial-services/dreaded-r-word-hampers-donohoe-s-hopes-of-a-block-sale-1.4871499

 

• Mortgage repayments could rise by €300 per month  https://www.irishexaminer.com/news/arid-40866284.html

 

• Fixed-fee estate agents line up mega savings for sellers  https://www.thetimes.co.uk/article/fixed-fee-estate-agents-line-up-mega-savings-for-sellers-rm877dq7m

 

• Where it’s at: Do your homework on your new house’s location  https://www.businesspost.ie/property/where-its-at-do-your-homework-on-your-new-houses-location-8a4e95ff

 

• Homeowners in Limerick are going for the green and renting out their houses for the Ryder Cup – more than five years before the huge golf event tees off. https://extra.ie/2022/05/03/news/ryder-cup-houses-limerick

 

• The Great House Revival: Inside Sigginstown Castle after couple transform it into dream home: Medieval history fans Liz and Gordon Jones from the US cross the Atlantic and travel back in time after buying an Irish castle  https://www.irishexaminer.com/property/homeandgardens/arid-40863314.html

 

• Archbishop John Charles McQuaid’s heavenly house in Killiney for €12m: The private high-end house has some of the best sea views in this part of Dublin https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/archbishop-john-charles-mcquaid-s-heavenly-house-in-killiney-for-12m-1.4868345 (pictured) 

 

• All you need to know about retrofitting your home  https://www.rte.ie/brainstorm/2022/0503/1295662-retrofitting-homes-ireland-costs-energy-efficiency-ber/

 

• Why DIY: the renovation jobs you should consider tackling yourself: When it comes to doing up your house, there are more tasks that you can undertake yourself than you may have previously thought…  https://www.houseandgarden.co.uk/article/why-diy-the-renovation-jobs-you-should-consider-tackling-yourself

 

 

COMMERCIAL PROPERTY NEWS

• Commercial property market is still outperforming expectations: CBRE’s report for May shows that prime rents in both the office and industrial and logistics sectors have increased quarter-on-quarter  https://www.businesspost.ie/commercial/commercial-property-market-is-still-outperforming-expectations-e64e5d3c

 

• Plans to get staff back to the office are colliding with the rising costs of going to work: The cost of a daily routine – travel, coffee, food – is far pricier than it was when offices shut down two years ago  https://www.irishtimes.com/business/commercial-property/plans-to-get-staff-back-to-the-office-are-colliding-with-the-rising-costs-of-going-to-work-1.4861397

 

• City Overview: Dublin to welcome over 50 new hotels  https://tophotel.news/city-overview-dublin-to-welcome-over-50-new-hotels-infographic/

 

• Irish hotel industry’s impressive renaissance complicated by ‘distorted’ market: Agenda: Hospitality sector figures skewed by pent-up demand, inflation and refugees https://www.irishtimes.com/business/transport-and-tourism/irish-hotel-industry-s-impressive-renaissance-complicated-by-distorted-market-1.4870456

 

• Five Irish Restaurant Properties Hit The Market  https://www.hospitalityireland.com/amp/restaurant/five-irish-restaurant-properties-hit-the-market-172685

 

• Online shopping reduces investors’ interest in Dublin 2 property – Only one investment property changed hands in the area during first three months of year https://www.irishtimes.com/business/commercial-property/online-shopping-reduces-investors-interest-in-dublin-2-property-1.4867617

 

• Charlestown Shopping Centre hits market at €39.5m: Sale of Dublin 11 retail scheme follows several off-market approaches by investors https://www.irishtimes.com/business/commercial-property/charlestown-shopping-centre-hits-market-at-39-5m-1.4871220

 

• Salesforce deal for Slack opens major gap in Dublin office market: Slack looks to assign lease for 135,617sq ft at Fitzwilliam 28 as it moves to city’s docklands https://www.irishtimes.com/business/commercial-property/salesforce-deal-for-slack-opens-major-gap-in-dublin-office-market-1.4868287

 

• Paddy McKillen jnr firm closing in on €17m deal for landmark Topshop building: Developer to convert UK retailer’s flagship at 6-7 St Stephen’s Green into boutique hotel  https://www.irishtimes.com/business/commercial-property/paddy-mckillen-jnr-firm-closing-in-on-17m-deal-for-landmark-topshop-building-1.4870302

 

• Horse Sport Ireland insists no decision made on new HQ in Dublin  https://www.thetimes.co.uk/article/horse-sport-ireland-insists-no-decision-made-on-new-hq-in-dublin-fgg3pvl07

 

• Marketing company gets temporary injunctions allowing it back onto premises  https://www.breakingnews.ie/ireland/marketing-company-gets-temporary-injunctions-allowing-it-back-onto-premises-1298921.html

 

• The third floor of Cork’s City Quarter for €5m will test office investment sentiment: Floor three was included in a 2018 €14m sale of part of Howard Holdings’ visionary City Quarter development https://www.irishexaminer.com/property/commercial/arid-40865303.html

 

• First tenant for Navigation Square 2 is serviced office outfit Iconic: “Positive pipeline of enquiries” for the second block of the €90m O Callaghan Properties’ development on Albert Quay  https://www.irishexaminer.com/property/commercial/arid-40865354.html

 

• Well-known vintage retailer opens doors of new Cork store on vibrant city centre street https://www.echolive.ie/corknews/arid-40863569.html

 

• Twenty-five car parking spaces go on sale in Cork city for €725k: Broken down it works out at €29,000 per space  https://www.corkbeo.ie/news/property/twenty-five-car-parking-spaces-23844797

 

• INTERNATIONAL data security company Blancco Technology Group has formally unveiled its new state-of-the-art offices on Cork’s Lapp’s Quay, the premises, which has the capacity for up to 34 employees, marks Blancco’s first centre of operations in Ireland.  https://www.echolive.ie/corknews/arid-40863911.html

 

• Multinational tech firm signs lease for major facility at Crown Square in Mervue  https://galwaybayfm.ie/galway-bay-fm-news-desk/multinational-tech-firm-signs-lease-for-major-facility-at-crown-square-in-mervue/

 

• Frasers Group, the quoted retailer founded by the English businessman Mike Ashley, has agreed to buy the Corrib shopping centre in Galway city for more than €18 million.  https://www.thetimes.co.uk/article/mike-ashley-snaps-up-galway-retail-centre-929vqtqfx

 

• Waterford’s City Square Shopping Centre sold for over €22m: Irish investor acquires scheme as US fund Marathon continues Irish retail asset sell-off  https://www.irishtimes.com/business/commercial-property/waterford-s-city-square-shopping-centre-sold-for-over-22m-1.4868269

 

• Scragg’s Alley in Carlow comes to market for over €900,000: The pub and nightclub venue extends to about 1,598 square metres, and is close to the South-East Technological University campus  https://www.businesspost.ie/commercial/scraggs-alley-in-carlow-comes-to-market-for-over-eur900000-783bb050

 

• End of an era as landmark Wexford pub Gaynor’s goes on the market: Owner Johnny Gaynor is retiring after 50 years in the hospitality business. https://m.independent.ie/regionals/wexford/news/end-of-an-era-as-landmark-wexford-pub-gaynors-goes-on-the-market-41622281.html

 

• Kelly’s Hotel in Rosslare to open stunning new garden restaurant overlooking the sea  https://www.independent.ie/regionals/wexford/news/kellys-hotel-in-rosslare-to-open-stunning-new-garden-restaurant-overlooking-the-sea-41616833.html

 

• Talks take place to open two new pubs in Naas, Kildare  https://www.kildarenow.com/news/home/806305/breaking-talks-take-place-to-open-two-new-pubs-in-naas-kildare.html

 

• WeCrashed, WeWork: What it means for the future of coworking and our fundamental attitudes towards working  https://sifted.eu/articles/wecrashed-wework-future-of-work/

 

INTERNATIONAL PROPERTY NEWS

• UK House Prices – Latest News https://www.forbes.com/uk/advisor/personal-finance/2022/05/03/house-prices-updates/

 

• Airbnb Announces First Quarter 2022 Results  https://www.prnewswire.com/news-releases/airbnb-announces-first-quarter-2022-results-301538787.html

 

• French villa from Downton Abbey A New Era is available to rent: Fancy playing your hand at being part of the British aristocracy in the 1920s? You can pretend for a while at least by renting the very villa that stars in the latest Downton Abbey film  https://www.houseandgarden.co.uk/article/downton-abbey-french-villa (pictured) 

 

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/