Sunday Property Round-Up, October 14th 2018 

Good afternoon all.

If you missed last week’s Sunday Property Round-Up, which was packed with industry and proptech news, you can catch up here: https://propertydistrict.ie/sunday-property-round-up-october-7th-2018/

As always, you might let me know if I have missed out on any relevant property news by emailing  carol@caroltallon.com.

Before we start, anyone who is expecting a bumper Budget 2019 edition today will be disappointed, it very quickly become yesterday’s news in the wake of the latest political crisis.  On that point: Government stresses it is still committed to a digitally connected Ireland: https://www.siliconrepublic.com/comms/national-broadband-plan-ballinasloe

 

 

(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 Read – Placemaking

 

  • Irish property developers using VR/AR for public consultation and to engage communities:

https://placeengage.com/property-developers-using-ar-vr-to-for-public-consultation-and-to-engage-communities/

 

 

Also, excellent video by Dublin Chamber: When Dublin came  to dinner unannounced!

 

 

Trending Story – Budget 2019

 

  • Ronan Lyons, writing in the Sunday Independent today describes it best by saying  that “housing [was] outmuscled by health“ in Budget 2019.   While there wasn’t the usual focus on the property market that we have come to expect over the past decade, if you are interested in getting the full details and the most comprehensive commentary post-Budget, I recommend picking up The Sunday Business Post today.

 

 

 

 

 

 

 

 

The Agile Agent

Getting  Ireland’s property marketplace digital by default

As most of you will be aware, our ‘ Agile Agent’ 12-month digital transformation programme for estate agents and auctioneers across Ireland kicked off nationwide last  month. As we are only taking one estate agency from each geographical area (to avoid any competitive conflict), we will be sharing free monthly ‘Proptech Prompts’ for non-participating agents so that they can start their own in-house digital transformation (sign up below).

 

Calling all proptech innovators, startups and businesses: 

Most importantly, we are hosting an invite-only  proptech showcase of innovations and new technologies for participating estate agents in Citywest this October (limited access in the afternoon for non-participating agents).  Email me or any of the Property District team for further details.

 

To get involved and for free monthly Proptech Prompts, please

SIGN UP HERE

 

Other Property News

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • In The Sunday Times today, there is coverage of the Take Back the City protesters who occupied the Airbnb offices  in Dublin for two hours. The offices were open  as part of the  Open House festival,.

 

  • Also in the Times today, Brenda Power as part of her weekly   column notes that a property rental website has been forced to take down a listing that was essentially a garden shed with the mattress on a loft, that was accessed by a ladder. This “studio apartment“ was asking for €700 per month in Sutton!

 

  • Philip Connolly reports that Ballymore has put a “flagship office block“ at its Embassy Gardens development in London on the market, asking price €182 million.

 

  • Gavin Daly  reports that “build-to-rent speculators make themselves at home in the capital: Plans submitted for more than 1700 Dublin Apartments“. Platinum Land, owned by Irish brothers Andrew and Maurice Gillick  is apparently planning at 535-unit development on the site of the former Chivers factory in Coolock.  Also, as reported here previously, the Durkan brothers are apparently  in talks to develop 265 apartments on the former Dulux site in Dublin 12.  This is in addition to the 351 homes planned by Richard Barratt’s Bartra Property in Tallaght  and the Costellos 201 homes in the same Cookstown area.

 

  • The commercial property section of the Sunday Independent today has a few interesting pieces by editor Ronald Quinlan including:  Glenveagh Properties remain “bullish“ in the face of share price fall, Sean Mulryan  is in the early stages of developing a £1 billion skyscraper in the London Docklands and, interestingly, WK Nowlan MD Killian O’Higgins Cautions that the PRS  May still see a stamp duty hike  when the Finance Bill was published, despite no announcement in last week’s Budget.

 

 

  • In The Sunday Business Post today, Tom Lyons writes about the ongoing saga of developer Paddy McKillen, who has announced a High Court challenge to the costs paid to the special liquidators of IBRC, which are estimated to be in the region of €300 million.

 

  • Also in the SBP today, Karl Deeter has an interesting feature on the real cost of social housing in Ireland. In this piece, he does away with the myth or as he describes it “fantasy“ that we can deliver social housing in Dublin for €140,000.  He stresses that the focus must be on driving down the cost of delivering homes rather than relying on the state to subsidise building in order to be in a position to deliver so-called  affordable housing.

 

 

Proptech and Construction Innovation

 

  • 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: http://prop-tech.ie/proptech-innovators-ireland/ 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, the national resource website for innovators, investors and mentors or email news@proptech.ie .

 

  • Gavin Gallagher, founder of Proptech.TV compiled a global list of the top 10 Proptech influencers to follow – I was genuinely delighted to be included amongst some serious UK and US heavy-hitters: WATCH HERE: https://youtu.be/Xwuccn7wrkE

 

 

 

  • Interesting concept – could it work in Ireland? Divvy, an interesting new fractional home ownership startup, just raised a Series A round led by Andreessen Horowitz – TechCrunch https://apple.news/AaKnJVYzrRfaSoLqvbSb24w

 

 

 

 

  • Real estate tech funding reached $2.7B last month: https://www.inman.com/2018/10/08/real-estate-tech-funding-reached-2-7b-last-month-most-since-2017/amp/

 

 

  • Can smart cities prevent cyber risk? https://www.cw.com.hk/smart-city/can-smart-cities-prevent-cyber-risk

 

 

 

 

 

  • Amazon seeking property to launch Amazon Go in the UK – Retail Gazette: https://www.retailgazette.co.uk/blog/2018/10/amazon-go-uk/

 

 

 

Crowd-sourcing:   New Facebook Group for Irish Property Buyers & Investors

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) has undergone a rebrand for 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.

For the first time, the 2019 edits will be crowd-sourced and will include 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/

 

 

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