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: 

 

• Budget 2022: New land hoarding tax presented as game-changer as hopes rise for housing: Housing expectations are high due to receding pandemic and Housing for All plan https://www.irishtimes.com/news/ireland/irish-news/new-land-hoarding-tax-presented-as-game-changer-as-hopes-rise-for-housing-1.4698762

 

• Optimistic but careful budget will help us move toward recovery: From supports for tourism to sustainability initiatives, this year’s budget offers plenty to be optimistic about – with a few caveats, says John Moran of JLL https://www.businesspost.ie/commercial/optimistic-but-careful-budget-will-help-us-move-toward-recovery-27b00891

 

• Ten years to fix all mica block damaged homes – Housing agency will manage remedial work projects, prioritising the worst-affected houses while government chases after those responsible  https://www.thetimes.co.uk/article/ten-years-to-fix-all-mica-block-damaged-homes-qqh3lpchv

 

• Missing apostrophe in Facebook post lands estate agent in defamation court: Estate agent appears to accuse his former employer of not paying full retirement funds  https://www.irishtimes.com/culture/tv-radio-web/missing-apostrophe-in-facebook-post-lands-estate-agent-in-defamation-court-1.4698196

 

• Construction versus culture – are new hotels killing Dublin? 4,500 new hotel rooms are expected to come on stream in Dublin over the coming years. But do we need them all and at what cost to creativity? https://m.independent.ie/podcasts/the-indo-daily/the-indo-daily-construction-versus-culture-are-new-hotels-killing-dublin-40938198.html

 

• Is the future of work confusing? Not remotely . . .While organisations have focused on the immediate implications of remote working due to Covid-19 disruption, many are beginning to consider the future of work and revaluate the location of their workforce more broadly  https://www.businesspost.ie/commercial-reports/is-the-future-of-work-confusing-not-remotely-1f1509df

 

• How local property tax reform could have positive social effects  https://www.rte.ie/brainstorm/2021/1011/1253020-local-property-tax-reform/

 

• Watchdog rejects claim estate agent ‘manipulated’ photos for rental property https://amp.extra.ie/2021/10/13/property/estate-agents-property-photos

 

• New €48m Dublin Inland Port set to open next month: Dublin Ferryport Terminals has signed a 20-year lease to operate a five-hectare container depot  https://m.independent.ie/business/irish/new-48m-dublin-inland-port-set-to-open-next-month-40950504.html

 

• Surveyors supporting Shine a Light Night fundraiser for homeless services https://www.irishtimes.com/life-and-style/homes-and-property/surveyors-supporting-shine-a-light-night-fundraiser-for-homeless-services-1.4699244?mode=amp

 

• TikTok video perfectly explains why Dublin postcodes are so confusing  https://www.dublinlive.ie/news/dublin-news/tiktok-video-perfectly-explains-dublin-21856526

 

 

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!)

 

SUNDAY LISTEN

 

Property Matters: Ireland’s first weekly property radio show and podcast, which launched in January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com), returned earlier this month for a fourth season. The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.

This week on #PropertyMatters iPropertyRadio.com, I am joined by Chartered Building Surveyor, Fergus Merriman, of Merriman Solutions (https://www.merrimansolutions.com/about-us.html ) to discuss the industry response to the unfolding mica issue, planning for one-off rural homes, and the (too slow) move to modern methods of construction, or MMC.

 

Watch back: https://youtu.be/h-dX3dN5Cc8

 

*Listen back to all shows at: https://ipropertyradio.com/property-matters/

 

Email the Property Matters team at info@propertydistrict.ie 

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

• Disappearing Dublin: The sites that are going, gone – or were saved by ‘people power’: The Cobblestone and Merchant’s Arch are just two of many sites subject to change  https://www.irishtimes.com/culture/heritage/disappearing-dublin-the-sites-that-are-going-gone-or-were-saved-by-people-power-1.4700772

 

• Residents challenge plan for 282 apartments in Crumlin: An Bord Pleanála granted permission for €60m Brickfield Drive scheme in August https://www.irishtimes.com/news/crime-and-law/courts/high-court/residents-challenge-plan-for-282-apartments-in-crumlin-1.4698733

 

• Broadmeadow Way to be completed by the end of 2024 says Fingal County Council: Two year construction period for estuary bridge and causeway  https://m.independent.ie/regionals/dublin/fingal/broadmeadow-way-to-be-completed-by-the-end-of-2024-says-fingal-county-council-40936922.html

 

• Fingal County Council gets €15m from developers in lieu of green areas: Community leader says County Development Plan’s open space stipulations should be honoured, and calls for transparency on spending of levies https://www.businesspost.ie/houses/fingal-county-council-gets-eur15m-from-developers-in-lieu-of-green-areas-ce4fe88f

 

• New project to boost water quality in Grand Canal Basin  https://m.independent.ie/regionals/dublin/southside/news/new-project-to-boost-water-quality-in-grand-canal-basin-40941753.html

 

• ‘Very feasible’ seafront scheme would see plaza built over Dart line in Dublin suburb: Terraced plaza would be raised over railway line to reach shore of south Dublin suburb  https://www.irishtimes.com/culture/art-and-design/very-feasible-seafront-scheme-would-see-plaza-built-over-dart-line-in-dublin-suburb-1.4696393.  (Featured image)

 

• Residents denied permission to appeal €15m Hell Fire Club visitor centre: Group says plan will alter intensity, mix and balance of visitors to Montpelier Hill site in Dublin  https://www.irishtimes.com/news/crime-and-law/courts/high-court/residents-denied-permission-to-appeal-15m-hell-fire-club-visitor-centre-1.4699332

 

• New ‘Park and Share’ facility opened on M1  https://m.independent.ie/regionals/louth/business/new-park-and-share-facility-opened-on-m1-40952655.html

 

• Pitch battle to keep housing on sidelines  https://m.independent.ie/business/irish/pitch-battle-to-keep-housing-on-sidelines-40953839.html

 

• Huge new mural in Cork City centre highlights housing crisis  https://www.corkbeo.ie/news/local-news/huge-new-mural-cork-city-21834888 (pictured above) 

 

• Cork County Council to Support Older People to Remain in their Homes as They Age  https://corksafetyalerts.com/news/cork-county-council-to-support-older-people-to-remain-in-their-homes-as-they-age/ (pictured)

 

• Public Consultation- Plans for Cobh’s multi-million euro upgrade to be tweaked: The vast majority of negative submissions opposed a plan to create a one-way system in one of its main streets, which has now been axed. https://www.irishexaminer.com/news/munster/arid-40718556.html

 

• Galway Ring Road: ‘Not only am I losing my home, I’m losing my community’: With decision on road due next month, the €600m proposal has divided local opinion https://www.irishtimes.com/news/ireland/irish-news/galway-ring-road-not-only-am-i-losing-my-home-i-m-losing-my-community-1.4696679

 

• Developers unveil plans for almost 400 new homes on former Limerick racecourse: Part of a masterplan, it aims to provide a mixed-used development consisting of an office campus, 831 housing units, a neighbourhood centre, crèche and 120-bed nursing home  https://www.irishexaminer.com/news/munster/arid-40720008.html

 

• National planning watchdog gets six complaints about local issues in Co Kildare  https://www.kildarenow.com/news/home/677821/national-planning-watchdog-gets-six-complaints-about-local-issues-in-co-kildare.html

 

• ‘Don’t move to a commuter town – a lonely and isolating experience’: It took two house moves for this Dublin couple to find the right home, in Co Mayo  https://www.irishtimes.com/life-and-style/homes-and-property/don-t-move-to-a-commuter-town-a-lonely-and-isolating-experience-1.4128862?mode=amp

 

*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*

 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

*Calling all Irish construction SMEs, please sign up with the Government-appointed CSG Innovation & Digital Adoption body, which will be resourcing firms to identify and overcome challenges to critical digitization. Link here: http://eepurl.com/hDFYfL 

 

 

• Industry welcomes strong commitment to infrastructure and housing but warns of systemic barriers to delivery  https://irishbuildingmagazine.ie/2021/10/12/industry-welcomes-strong-commitment-to-infrastructure-and-housing-but-warns-of-systemic-barriers-to-delivery/

 

• New tax on land hoarding to replace Vacant Site levy  https://amp.rte.ie/amp/1253227/ And in The Sunday Times today: Land tax zones in on scourge of vacant sites – New charge could give hoarders of empty plots the push that they need to begin developments  https://www.thetimes.co.uk/article/land-tax-zones-in-on-scourge-of-vacant-sites-pv9dvzwjp 

 

• Turnover in the Irish development land market came to a total €184m in the third quarter of 2021, bringing turnover for the year so far to €378m. https://amp.rte.ie/amp/1252913/

 

• Public building projects are now needed, says Construction Industry Federation: Builders have welcomed the extension of the Help to Buy scheme, writes Construction Industry Federation director Conor O’Connell.  https://www.irishexaminer.com/business/economy/arid-40719591.html

 

• Top construction firms saw turnover hit €11.4bn last year: The largest construction firm in the country remains John Sisk & Son with turnover of €1.5bn in 2020  https://m.independent.ie/business/irish/top-construction-firms-saw-turnover-hit-114bn-last-year-40938655.html

 

• Delays for PPS numbers and work permits slowing recruitment of construction workers: ‘You will get your PPS number within an hour in most jurisdictions. This notion of waiting for six weeks here is just incredible’ https://www.businesspost.ie/construction/delays-for-pps-numbers-and-work-permits-slowing-recruitment-of-construction-workers-f5bfb993

 

• Building skills shortage may check Coalition plans on homes: Ambitious targets and funding in place to boost construction and ‘settle housing crisis’  https://www.irishtimes.com/news/politics/building-skills-shortage-may-check-coalition-plans-on-homes-1.4699742

 

• Report: labour skills shortage ‘poses challenge to construction industry’ – The new report by consultancy firm Linesight also includes details on material inflation costs for Ireland with projections for the year ahead https://www.businesspost.ie/commercial/report-labour-skills-shortage-poses-challenge-to-construction-industry-3535651c

 

• Rising cost of building provokes fresh warnings on housing crisis https://m.independent.ie/business/irish/rising-cost-of-building-provokes-fresh-warnings-on-housing-crisis-40935229.html

 

• New orders continue to rise sharply, despite rate of growth softening  https://irishbuildingmagazine.ie/2021/10/11/new-orders-continue-to-rise-sharply-despite-rate-of-growth-softening/

 

• Construction labour shortage: ‘If they come, we will build it’: Cost of living barrier to attracting enough builders to Ireland, says company owner https://www.irishtimes.com/news/ireland/irish-news/construction-labour-shortage-if-they-come-we-will-build-it-1.4696610

 

• Keegan claimed social housing would decrease value of Pigeon House site: Dublin City Council’s embattled chief executive said the Dublin 4 development should not include residential, as there would be ‘pressure’ to provide social and affordable units  https://www.businesspost.ie/houses/keegan-claimed-social-housing-would-decrease-value-of-pigeon-house-site-1c792d11

 

• Johnny Ronan secures injunction against Colony on Waterfront project: Joint venture partners in dispute over Colony’s $2.7bn sale of assets to Fortress https://www.irishtimes.com/business/commercial-property/johnny-ronan-secures-injunction-against-colony-on-waterfront-project-1.4698692 Update: US firm threatens Ronan docklands development with receiver: Digital Bridge, formerly Colony Capital, is taking action over alleged €317m debt https://www.irishtimes.com/business/financial-services/us-firm-threatens-ronan-docklands-development-with-receiver-1.4701529

 

• On the Waterfront: drama unfolds as partners fall out – Johnny Ronan is embroiled in a row with foreign investors over financing for his ambitious commercial building project on the north bank of the Liffey https://www.thetimes.co.uk/article/on-the-waterfront-drama-unfolds-as-partners-fall-out-pkjkfkn8f

 

• Dundrum Town Centre owners reveal plan for 889 apartments  https://www.breakingnews.ie/business/dundrum-town-centre-owners-reveal-plan-for-889-apartments-1199557.html

 

• Developer lodges plans for 460 build-to-rent apartments at Leopardstown: Residents are concerned about the height of the apartments and traffic level  https://www.dublinlive.ie/news/dublin-news/developer-lodges-plans-460-build-21842214

 

• Prime waterfront redevelopment opportunity in ‘Silicon Docks’ for €4m: Dock Mill at Grand Canal Dock has potential for 12-storey development https://www.irishtimes.com/business/commercial-property/prime-waterfront-redevelopment-opportunity-in-silicon-docks-for-4m-1.4698183

 

• Bord Pleanála blocks investors buying houses in two new schemes: All houses and duplex units in development are to be occupied by individual purchasers  https://www.irishtimes.com/business/commercial-property/bord-plean%C3%A1la-blocks-investors-buying-houses-in-two-new-schemes-1.4699705

 

• €12.5m given to support advancement of Cork event centre : Earlier this month, Cork TD Michael McGrath said that the State remained committed to the long-delayed event centre  https://www.irishexaminer.com/news/munster/arid-40719213.html

 

• Houses under construction and renovation being targeted by thieves, warn Cork gardaí  https://www.echolive.ie/corknews/arid-40717875.html

 

• Páirc Uí Chaoimh lodges appeal to An Bord Pleanála following recent planning refusal for redevelopment  https://www.echolive.ie/corknews/arid-40721622.html

 

• Ten storey apartment block planned for Douglas: The development includes three apartment blocks and four retail units on the site of the former Permanent TSB bank in the heart of Douglas  https://www.irishexaminer.com/property/commercial/arid-40720557.html

 

• 31 new houses on cards as new estate planned for Cork village, Aghada: The application went into Cork County Council on October 8th https://www.corkbeo.ie/news/local-news/31-new-houses-cards-new-21871339

 

• Plan progresses for social and affordable housing scheme at Merlin Woods  https://galwaybayfm.ie/galway-bay-fm-news-desk/plan-progresses-for-social-and-affordable-housing-scheme-at-merlin-woods/

 

• Developers unveil plans for almost 400 new homes on former Limerick racecourse https://www.irishexaminer.com/news/munster/arid-40720008.html

 

• Building projects for more than a dozen Limerick schools revealed in the National Development Plan  https://www.limerickpost.ie/2021/10/10/building-projects-for-more-than-a-dozen-limerick-schools-revealed-in-the-national-development-plan/

 

• Electricity issue delays completion of large Co Meath housing scheme: The ESB has not provided a timeframe to future residents of Bryanstown Wood for when vital cabling works will be completed  https://www.businesspost.ie/houses/electricity-issue-delays-completion-of-large-co-meath-housing-scheme-a2d7558b

 

• Peter McVerry Trust proceeding with eight-unit housing project in Mayo town centre  https://www.con-telegraph.ie/2021/10/10/peter-mcverry-trust-proceeding-with-eight-unit-housing-project-in-mayo-town-centre/

 

• Louth County Council has given the go-ahead for work at the Maria Goretti Foundation.  https://m.independent.ie/regionals/louth/news/additional-maria-goretti-building-gets-green-light-40935355.html

 

• Outline planning permission granted for 3 new dwellings in Ardaghy  https://www.northernsound.ie/news/outline-planning-permission-granted-for-3-new-dwellings-in-ardaghy-183163

 

• Patricia Power: ‘I always knew I wanted to work in construction’: Keeping an eye on neighbourhood builds as a child laid career foundations for one of Ireland’s most famous quantity surveyors  https://www.irishexaminer.com/property/homeandoutdoors/arid-40722381.html

 

• Paul Brown named as new chief executive of Sisk: Construction firm’s UK chief operating officer to replace Steve Bowcott as chief executive  https://www.irishtimes.com/business/construction/paul-brown-named-as-new-chief-executive-of-sisk-1.4700620

 

• Glenigan acquires Construction Information Services  https://www.scottishconstructionnow.com/article/glenigan-acquires-construction-information-services

 

• The Big Interview: Shane Scully, Eagle Street Partners – Shane Scully decided to start his own property development company with his former Glenveagh colleague Justin Bickle during lockdown. In less than a year, Eagle Street has committed €150 million in invested capital to office, hospitality and residential development projects in Britain and Ireland  https://www.businesspost.ie/sunday-interview/the-big-interview-shane-scully-eagle-street-partners-37bcbfbe

 

• Dataplex Group, which builds data centres in Ireland and Europe, has received €18 million in funding from a British investment firm owned by the property tycoon Peter Klimt.  https://www.thetimes.co.uk/article/property-investor-klimt-puts-dataplex-in-frame-qxp778gjb

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

• Proptech Ireland is updating the database of 2021 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: *PROPTECH INNOVATORS and STARTUPS * 

 

• Entrepreneurs welcome EIIS reform and other Budget commitments: Budget 2022: Extension of Section 486C tax relief and extra €30m for innovative equity fund https://www.irishtimes.com/business/economy/entrepreneurs-welcome-eiis-reform-and-other-budget-commitments-1.4698334 Also: Last throw of the dice for EIIS funding – Will the finance minister’s fine-tuning tempt more investors into the game? https://www.thetimes.co.uk/article/last-throw-of-the-dice-for-eiis-funding-s25td0cdb 

 

• Technology Trends Likely To Shape Post-Covid Construction http://www.civilandconstruction.ie/2021/09/09/technology-trends-likely-to-shape-post-covid-construction/

 

• Tech solution takes blood, sweat and tears out of new house transactions: The house-buying process is a long and arduous one for all involved. Leman Solicitors has teamed up with software company Transact to streamline it for developers, estate agents and the legal sector, benefiting the buyer in the process https://www.businesspost.ie/commercial-reports/tech-solution-takes-blood-sweat-and-tears-out-of-new-house-transactions-4ed4e4a2

 

• VC Lab introduces free fund formation documents to make startup investing cheaper and easier https://vcl.to/cornerstone

 

• PlaceTech | Proptech ‘mission critical’ as JLL appoints cybersecurity lead  https://placetech.net/news/proptech-mission-critical-as-jll-appoints-cybersecurity-lead/

 

• Procore, the construction management platform, acquired Levelset for $500 million https://therealdeal.com/2021/10/11/procore-on-the-prowl/

 

• Proptech Goodlord buys tenant bill splitting platform acasa  https://www.finextra.com/newsarticle/38986/proptech-goodlord-buys-tenant-bill-splitting-platform-acasa

 

• How Proptech Can Hold Bad Landlords Accountable https://therealdeal.com/2021/10/08/how-technology-can-hold-bad-landlords-and-developers-accountable/

 

• TechCrunch+ roundup: VCs rate pitch decks, IPO analysis, Techstars’ expansion plans  https://techcrunch.com/2021/10/08/techcrunch-roundup-vcs-rate-pitch-decks-ipo-analysis-techstars-expansion-plans/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbQ&guce_referrer_sig=AQAAAMkVCdmD5V5pVzswZjFLX0pZdNFeOjs-6GXGcejIIi_yNs9WE3vIK9Kmd-moejlhKQiBx1Hi8b-RkLEmnvu7ayWpUoyaCRKOR5DGCwyPXLt0PWY65329BSPdfYBnKxCHgMd75uq7_CkLdQppSeKb37Y5rO1wucKa17WnPPqDm7yb

 

• Proptech parade: from flex desking to 3D printed homes … | propertyEU https://propertyeu.info/Nieuws/Proptech-parade-from-flex-desking-to-3D-printed-homes/b3f469c5-52c1-4374-b5ab-7a319b029b42

 

• What does Katerra’s demise mean for the contech and modular industries? Once valued at $4 billion, the firm was not able to convince developers and builders to move away from their traditional subcontractors. https://www.constructiondive.com/news/what-does-katerras-demise-mean-for-the-contech-and-modular-industries/608037/

 

• Translucent concrete makes it possible to create customised facades at low cost https://www.thebrighterside.news/post/translucent-concrete-makes-it-possible-to-create-customised-facades-at-low-cost

 

• Radisson launches IDeaS RevPlan in EMEA hotels  https://www.hotelmanagement.net/tech/radisson-launches-ideas-revplan-emea-hotels

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

 

• An Bord Pleanala moves to block institutional investors purchasing houses en bloc  https://www.breakingnews.ie/business/an-bord-pleanala-moves-to-block-institutional-investors-purchasing-houses-en-bloc-1198923.html

 

• Property prices rise almost 11% in a single year, CSO figures show: Today’s figures represent the largest annual change in prices since June 2018. https://www.thejournal.ie/house-prices-increase-cso-2-5574449-Oct2021/?amp=1

 

• Ires shares drift as investors monitor Sinn Féin’s showing in the polls – Market Beat: Prime apartments in Dublin generate rent to deliver an investment yield of about 3.6% https://www.irishtimes.com/business/commercial-property/ires-shares-drift-as-investors-monitor-sinn-f%C3%A9in-s-showing-in-the-polls-1.4701656

 

• Twenty-six Nama apartments lying empty for ten years in scheme: State agency now placing 54 properties in large development on market for €14.5 million https://www.businesspost.ie/houses/twenty-six-nama-apartments-lying-empty-for-ten-years-in-scheme-b5a098f1

 

• Most and least expensive areas in Ireland to buy a house as property prices surge by 10.9% in a year: Buyers paid an average of €313,619 for a home in the 12 months to August, with the five most expensive areas by average price all located in Dublin  https://www.buzz.ie/news/irish-news/most-least-expensive-house-ireland-25217306.amp

 

• House hunting in Dublin: Properties put back on the market at higher prices: Some homes that failed to sell are back on the market at a different price https://www.irishtimes.com/life-and-style/homes-and-property/house-hunting-in-dublin-properties-put-back-on-the-market-at-higher-prices-1.4698445?mode=amp

 

• Budget 2022: Housing measures are ‘for landlords and landowners’  https://www.breakingnews.ie/amp/budget2022/budget-2022-housing-measures-are-for-landlords-and-landowners-1198118.html 

 

• New buyers here paying €2,000 more annually for mortgages than average in Eurozone  https://m.independent.ie/business/personal-finance/property-mortgages/new-buyers-here-paying-2000-more-for-mortgages-than-average-in-eurozone-40944895.html

 

• Lack of rentals causing hardship and threatens State’s future economic success. Opinion: We need growing, not contracting, stock of rental property to fix accommodation crisis  https://www.irishtimes.com/business/construction/lack-of-rentals-causing-hardship-and-threatens-state-s-future-economic-success-1.4696605

 

• ‘Surprised and disappointed’ – Housing minister criticises Dublin City Council CEO Owen Keegan over ‘sarcastic’ student accommodation comment  https://m.independent.ie/irish-news/education/surprised-and-disappointed-housing-minister-criticises-dublin-city-council-ceo-owen-keegan-over-sarcastic-student-accommodation-comment-40938940.html Also: Students protest Dublin City Council over CEO Keegan’s comments on student housing https://www.thejournal.ie/students-protest-owen-keegan-dublin-city-council-5573573-Oct2021/

 

• Lack of ‘wheelchair liveable’ housing due to building regulations, committee told: Wheelchair Association calls on government to raise accessibility standards for new houses  https://www.irishtimes.com/news/ireland/irish-news/lack-of-wheelchair-liveable-housing-due-to-building-regulations-committee-told-1.4700659

 

• Cramped ‘shoebox’ flat available for €1,000 a month slammed on social media https://www.dublinlive.ie/news/dublin-news/cramped-shoebox-flat-south-dublin-21845198

 

• Man banned by High Court from seeking property licence: Letting agent Richard Power to pay a €5,000 penalty in respect of improper conduct  https://www.irishtimes.com/news/crime-and-law/courts/high-court/man-banned-by-high-court-from-seeking-property-licence-1.4697697

 

• Condition of properties owned by Comer brothers raises questions: An apartment building in Sligo, a former hotel in Galway and a tower block in Sandyford in south Co Dublin are among the empty properties owned by the billionaire developers  https://www.businesspost.ie/houses/condition-of-properties-owned-by-comer-brothers-raises-questions-96424ce3

 

• Leitrim auctioneer warns of major problems for housing supply in Shannonside region. https://www.shannonside.ie/podcasts/lets-talk/leitrim-auctioneer-warns-of-major-problems-for-housing-supply-in-shannonside-region-191601

 

• Sean Moncrieff: Recently, I was talking to a nice landlord – She was not a faceless corporation or a cartoon capitalist stroking a cat https://www.irishtimes.com/life-and-style/sean-moncrieff-recently-i-was-talking-to-a-nice-landlord-1.4691903?mode=amp

 

• Japanese Fusion house that featured in TV series is for sale in Glengarriff: Elements of the Japanese approach to house building were incorporated in this serene home  https://www.irishexaminer.com/property/residential/arid-40722129.html

 

• Former owner of Kilkenny mansion and estate now ‘homeless’ and survives on state pension: One-time Tory bigwig’s fall from grace laid bare in court as son goes to court to reclaim home from ‘jackal’ trustees  https://m.independent.ie/irish-news/courts/former-owner-of-kilkenny-mansion-and-estate-now-homeless-and-survives-on-state-pension-40956225.html

 

• What sold for about €635,000 in Dublin and Louth: A three-bedroom semi-d in Dundrum or a five-bedroom period house in Dundalk  https://www.irishtimes.com/life-and-style/homes-and-property/what-sold-for-about-635-000-in-dublin-and-louth-1.4686847?mode=amp

 

• 4 small but beautifully finished homes in Dublin 8 for less than €350,000  https://www.image.ie/living/4-small-but-beautifully-finished-homes-in-dublin-8-for-less-than-e350000-311007

 

• Inside the idyllic Irish home frozen in the 1800s and on the market for bargain price 1 This home looks as though it has been taken straight out of a romantic Irish novel with its traditional style and spectacular setting https://www.irishmirror.ie/lifestyle/homes-and-property/inside-idyllic-irish-home-frozen-25208334.amp

 

• 5 home renovation mistakes to avoid https://m.independent.ie/storyplus/5-home-renovation-mistakes-to-avoid-40869585.html

 

• Grand Designs: Top 12 trends in self-building: From bioethanol fireplaces to bifold windows and Japanese-style bathing, the innovations every grand designer is lusting after  https://www.thetimes.co.uk/article/grand-designs-top-12-trends-in-self-building-c0x6gc565

 

• Marie Kondo shares 3 steps to an organized home office – to stay tidy for good  https://www.homesandgardens.com/advice/marie-kondo-home-office-tidying-tips

 

 

COMMERCIAL PROPERTY NEWS

 

 

• Data centre firm blames energy crisis on ‘lack of planning’: Echelon, the Irish data-centre company which has recently secured TikTok as a client, blames supply crisis on lack of investment and planning by the state  https://www.businesspost.ie/energy/data-centre-firm-blames-energy-crisis-on-lack-of-planning-764aea6a

 

• CRU hints data centres with own power supply will be given priority: The utilities regulator will publish its consultation ‘exploring options with the data centre community . . . to mitigate the security of supply risk’ by the end of October  https://www.businesspost.ie/energy/cru-hints-data-centres-with-own-power-supply-will-be-given-priority-ba05f900

 

• Hotel sales prove resilient despite impact of Covid-19 – Recent sale of Slieve Donard shows prices firm as international investors come to town https://www.irishtimes.com/business/commercial-property/hotel-sales-prove-resilient-despite-impact-of-covid-19-1.4698323

 

• Henderson Park to acquire portfolio of 12 hotels across the UK and Ireland  https://www.propertyfundsworld.com/2021/10/11/307429/henderson-park-acquire-portfolio-12-hotels-across-uk-and-ireland

 

• Scaffolding on iconic Clerys finally comes down: A boutique hotel is being added to the historic building https://www.dublinlive.ie/news/dublin-news/scaffolding-iconic-clerys-finally-comes-21868680

 

• City centre development to embody next-generation spirit of Dublin: An eco-friendly office and retail building opposite Trinity College will feature rainwater harvesting and a rooftop planted with native and adaptive plants  https://www.businesspost.ie/commercial/city-centre-development-to-embody-next-generation-spirit-of-dublin-82419f70

 

• Ryan’s of Store Street for sale for €1.9m: The well-known Dublin pub, adjacent to Croke Park, the IFSC and the new Connolly Quarter, has plenty of potential for further development  https://www.businesspost.ie/commercial/ryans-of-store-street-for-sale-for-eur19m-afe3dd70

 

• Palm Capital announces first letting at €85m Greenogue Logistics Park: US group Tosca will specialise in packaging and pooling solutions from new facility https://www.irishtimes.com/business/commercial-property/palm-capital-announces-first-letting-at-85m-greenogue-logistics-park-1.4698186

 

• Peter Stringer goes from Ultimate Hell success to ‘perfect fit’ slot at Cork’s Elysian: Former Munster/Ireland rugby scrum half, now Army Ranger bootcamp victor, Peter Stringer high-kicks in Elysian fitness business investment with golfer Peter O’Keeffe  https://www.irishexaminer.com/property/commercial/arid-40720512.html

 

• Global investor eyes development opportunity in Limerickhttps://www.limerickleader.ie/news/home/676513/global-investor-eyes-development-opportunity-in-limerick.html

 

• Drogheda office building for €1.35m offers attractive yield of 13.5%: Boyne Tower has potential annual rental income of more than €200,000  https://www.irishtimes.com/business/commercial-property/drogheda-office-building-for-1-35m-offers-attractive-yield-of-13-5-1.4698325

 

• Life-changing purchase? Aran Island pub and hotel on the market for $810k  https://www.irishcentral.com/dream-homes/aran-island-pub-and-hotel-on-market-810k.amp

 

• Selling agent seeking €40k for pub in rural village  https://thatsfarming.com/farming-news/galway-pub-for-sale/

 

• Aldi is on the hunt for new Dublin locations and is offering a fee for suitable site recommendations “We are offering a 1.5% fee for suitable referrals”  https://www.irishmirror.ie/news/irish-news/aldi-hunt-new-dublin-locations-25194192.amp

 

• Take a look: Standout design in three new or refreshed Irish hotels – Irish hotel sector marries tradition with great Irish design for impressive results  https://www.irishtimes.com/life-and-style/homes-and-property/interiors/take-a-look-standout-design-in-three-new-or-refreshed-irish-hotels-1.4698349?mode=amp 

 

• Knight Frank appointment – Rowena Crowley has been appointed as director of Property Asset Management at the estate agent  https://www.businesspost.ie/commercial/knight-frank-appointment-37472ee7

 

 

INTERNATIONAL PROPERTY NEWS

 

 

• Nordics, Britain and Spain lead way in investment market upturn  https://www.businesspost.ie/commercial/nordics-britain-and-spain-lead-way-in-investment-market-upturn-8e32676f

 

• Denis O’Brien’s Quinta do Lago golf resort lost £3.8m last year: Accounts show businessman’s Portuguese property had £7.2m in net assets  https://www.irishtimes.com/business/commercial-property/denis-o-brien-s-quinta-do-lago-golf-resort-lost-3-8m-last-year-1.4699544 (pictured above) 

 

• UK Construction vacancies top 40,000 for the first time https://www.constructionnews.co.uk/skills/construction-vacancies-breaks-record-again-12-10-2021/

 

• Cement giants hasten plan to cut CO2 emissions https://www.constructionenquirer.com/2021/10/12/cement-giants-hasten-plan-to-cut-co2-emissions/

 

 

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/