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:
- The Business Case for Social Value in Property Development: An Irish Perspective: “The business case for social value is compelling and increasingly urgent, demanding developers plan holistically, act inclusively, and build responsibly…” https://propertydistrict.ie/the-business-case-for-social-value-in-property-development-an-irish-perspective/
- Eamon Ryan in row with Dublin Port after it tells Minister it won’t hand over 10 acre city car compound for housing: Area was developed in 2014 at a cost of €3.4m for imported vehicles https://m.independent.ie/irish-news/eamon-ryan-in-row-with-dublin-port-after-it-tells-minister-it-wont-hand-over-10-acre-city-car-compound-for-housing/a1064132316.html
- Cost of rebuilding a home rises 12% in past year: Society of chartered surveyors urges homeowners to check that home is adequately insured https://www.irishtimes.com/business/2023/10/19/cost-of-rebuilding-a-home-rises-12-in-past-year/
- Tipperary County Council had around 100 presentations for homelessness during September https://www.ireland-live.ie/news/tipperary-live/1324632/tipperary-county-council-had-around-100-presentations-for-homelessness-during-september.html
- Twenty-fold pay increase hasn’t been enough to keep up with housing costs – Irish incomes have improved dramatically in the 50 years since joining the EEC, far faster than most living costs https://m.independent.ie/business/personal-finance/twenty-fold-pay-increase-hasnt-been-enough-to-keep-up-with-housing-costs/a1172179484.html
- Cork flood relief schemes mired in lengthy planning delays https://www.irishexaminer.com/news/arid-41252431.html
- A NUMBER of properties have been damaged as operations crews from Limerick City and County Council (LCCC) continue responding to flooding https://www.ireland-live.ie/news/limerick-live/1327841/property-damaged-as-operations-crews-deal-with-overnight-flooding-in-limerick.html
- John Magnier’s €15m hand-shake property deal lands in the high court https://m.independent.ie/videos/john-magniers-15m-hand-shake-property-deal-lands-in-the-high-court/a1595535311.html
- Sad news for the industry: Construction pioneer and Century Homes founder Gerard McCaughey dies: Monaghan entrepreneur best known for development of off-site construction methods https://www.irishtimes.com/business/2023/10/19/construction-pioneer-and-century-homes-founder-gerard-mccaughey-dies/
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
This week on iPropertyRadio…
#Property Roundup
This week on the #PropertyRoundup show on iProperty Radio, Tom Crosse, Property Director at GVM Auctioneers, joins us to discuss the Limerick marketplace, both second hand and new homes, and he talks about who is buying property in 2023. Tom gives us an overview of the 2024 pipeline and developments underway (not all in Limerick!).
Listen back to the interview in full to hear about how the Limerick-based GVM team has leveraged good homebuilder relationships and a suite of digital tools to bring new schemes in Dublin and Kildare to the market. Learn more about GVM Auctioneers: https://gvmauctioneers.ie/
*Property Roundup is sponsored by Daft.ie, Ireland’s most visited property website
*Watch/ listen back: https://ipropertyradio.com/property-matters/
#Proptech Hot Seat
In the Proptech Hot Seat is Scott Langbein, MBA, Global Director of Business Development with Topcon Positioning Systems. Scott joined me on the show today to talk about their new integration platform, Aptix. The platform simplifies the integration of third-party applications and project data commonly used throughout the entire construction project lifecycle. LIsten back to the full interview to learn more!
Check out the demonstration video here- https://lnkd.in/esrmrvh5
*Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders https://prop-tech.ie/
Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/
#BreakingGround
This week on #BreakingGround host Carol Tallon is joined by Olan Crowley, Design Manager with Architects Workshop Limited. Olan discusses the evolving role of architects in modular construction and gives us a highlight of some of his past and upcoming projects. Learn more about AWL here – https://awl.ie/
Breaking Ground is sponsored by PLACEengage – Your Virtual Town Hall, a data-driven platform for more successful public consultation and community engagement for your next development project https://placeengage.com/
*Watch back and listen back: https://ipropertyradio.com/breaking-ground/
Watch back and listen back to all shows at: https://ipropertyradio.com/shows/
Produced by Katie Tallon, with Hear Me Roar Media on sound https://hearmeroarmedia.com/
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT
- Digital Placemaking Tools for Public Consultation & Community Engagement | PLACEengage https://placeengage.com/digital-placemaking-tools-for-public-consultation-community-engagement/
- Why health and wellbeing should be at centre of urban planning: Scientists are examining how building and use of infrastructure relates to the burden of illness https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/environment/2023/oct/20/why-health-wellbeing-should-centre-urban-planning
- Our capital city shuns the sea but we need a turnaround for future Dubliners: If you are saying, ‘Oh here he goes again with his ‘move the port’ idea’, fair enough. But years ago I was accused of writing too frequently about a coming property crash https://www.irishtimes.com/opinion/2023/10/21/david-mcwilliams-our-capital-city-shuns-the-sea-but-we-need-a-turnaround-for-future-dubliners/
- Major refurbishments planned for Balbriggan Harbour by Fingal County Council: Works are expected to go ahead on Balbriggan Quay Street and Harbour in 2024 https://www.dublinlive.ie/news/dublin-news/major-refurbishments-planned-balbriggan-harbour-27924681.amp
- Roscrea ready for arrival of 400 Ukrainian refugees https://www.ireland-live.ie/news/offaly-live/1325942/roscrea-ready-for-arrival-of-400-ukrainian-refugees.html
- Eight houses vacant in the Manorhamilton municipal district https://www.ireland-live.ie/news/leitrim-live/1328864/eight-houses-vacant-in-the-manorhamilton-municipal-district.html
- ‘Remarkably beautiful’ Fore features in UK newspaper https://www.westmeathindependent.ie/2023/10/21/remarkably-beautiful-fore-features-in-uk-newspaper/
- Best Place to Be: If you are looking for advice about starting a new life abroad, don’t ask Baz Ashmawy: Ashmawy is a past master of feel-good telly and he brings a sparkle to his new frothy lifestyle show about Irish people who have embarked on a new life https://www.irishtimes.com/culture/tv-radio/2023/10/17/best-place-to-be-if-you-are-looking-for-advice-about-starting-a-new-life-abroad-dont-ask-baz-ashmawy/
ISSUES IMPACTING RURAL IRELAND
- RURAL IRELAND: There is a new group being set up for housing developers, property investors and estate agents trying or intending to deliver new homes, businesses or important infrastructure in rural Ireland – email in confidence to carol@propertydistrict.ie.
- Tánaiste launches new Shared Island Project for rural communities https://www.agriland.ie/farming-news/tanaiste-launches-new-shared-island-project-for-rural-communities/
- Rural business owners cannot sustain elevated rates that come with revaluations https://www.finegael.ie/rural-business-owners-cannot-sustain-elevated-rates-that-come-with-revaluations-ring/
- Farmers need more pay https://m.independent.ie/irish-news/politics/120k-homes-to-be-built-by-2025-farmers-need-more-pay-rte-trust-shattered-and-ireland-to-welcome-more-ukrainians-says-green-party/a92031737.html
- Thousands exposed to E.coli on private water supplies https://www.agriland.ie/farming-news/epa-thousands-exposed-to-e-coli-on-private-water-supplies/
- Study reveals ‘harrowing’ experiences of women of colour working in rural Munster: ‘The Black Ceiling’ study by Munster Technological University noted that women of colour were aware they were working low-paying jobs ‘that Irish people did not want’ https://www.irishexaminer.com/news/munster/arid-41252038.html
CONSTRUCTION, MMC & DEVELOPMENT NEWS
- ‘Perfect storm’ prompts dramatic rise in insolvencies: Insolvency rate is the highest in five years while the construction, nursing home, hospitality and services sectors are the worst affected https://www.businesspost.ie/news/exclusive-perfect-storm-prompts-dramatic-rise-in-insolvencies/
- Home rebuild costs up by 12pc in the last year, surveyors say: Minimum cost for rebuilding a three-bed semi-detached home in Dublin is over €303,000 https://m.independent.ie/business/irish/home-rebuild-costs-up-by-12pc-in-the-last-year-surveyors-say/a1539476916.html
- Ireland needs strong regulation, but we have too many regulators: Planning system needs to take into account national interest and can’t be a Nimby’s charter https://www.irishtimes.com/business/economy/2023/10/20/john-fitzgerald-strong-regulation-is-vital-but-we-have-too-many-regulators/
- Sean Keyes on investing: We’re contracting big projects wrongly – Why do countries persist with the flawed design-bid-build model for complex capital projects? “Performance is better when everything is designed from scratch…” https://thecurrency.news/articles/131322/sean-keyes-on-investing-were-contracting-big-projects-wrongly/
- ‘We don’t know where the €6bn is coming from’ – confusion over Darragh O’Brien’s budget plans: A fortnight after budget day, the Land Development Agency ‘capitalisation’ figure touted by housing minister seems to have dissipated into the woodwork https://www.businesspost.ie/news-focus/we-dont-know-where-the-e6bn-is-coming-from-confusion-over-darragh-obriens-budget-plans/
- Minister Harris congratulates first ever female winner of Apprentice of the Year https://www.gov.ie/en/press-release/a2a91-minister-harris-congratulates-first-ever-female-winner-of-apprentice-of-the-year/
- More than 10,000 Irish homes at risk due to flood plan delays: Some schemes have been stalled for years https://m.independent.ie/irish-news/more-than-10000-irish-homes-at-risk-due-to-flood-plan-delays/a1476318067.html
- Owners of land near Dublin Airport mull third terminal application: A bid from DAA for the 260-acre plot between the runways has already been rejected https://www.businesspost.ie/news/owners-of-land-near-dublin-airport-mull-third-terminal-application/
- Irish government announces €250m schools upgrade programme https://www.globalconstructionreview.com/irish-government-announces-e250m-schools-upgrade-programme/
- Nael Bunni’s ‘Insights on Construction Contracts and Insurance’ https://constructionnews.ie/armatherm-2/
- Minister Harris hosts first annual Careers in Construction forum with focus on driving female participation https://www.gov.ie/en/press-release/50527-minister-harris-hosts-first-annual-careers-in-construction-forum-with-focus-on-driving-female-participation/
- Construction company raises concern over increasing card payment charges https://www.breakingnews.ie/ireland/construction-company-raises-concern-over-increasing-car-payment-charges-1542370.html
- New children’s hospital to be completed by October 2024, PAC to hear https://www.rte.ie/news/ireland/2023/1018/1411632-childrens-hospital/ Also: National children’s hospital timeline: The major events in a long-running construction saga: Key events so far in the long-running saga that has become the construction of our hospital https://www.irishtimes.com/health/2023/10/20/national-childrens-hospital-timeline/?
- CIS round-up: What’s being built, when and where around the country: The latest on projects on the ground and in the pipeline https://www.businesspost.ie/property/cis-round-up-whats-being-built-when-and-where-around-the-country-10/
- Quintain secures approval for Cherrywood Village Centre, including 148 build-to-rent apartments: Scheme also to include a large supermarket, other retail and commercial units, and indoor community space https://www.irishtimes.com/business/2023/10/16/quintain-secures-approval-for-cherrywood-village-centre-including-148-build-to-rent-apartments/
- Green light given to 3,000 new south Dublin homes: The Cherrywood Village Cente scheme also includes a major supermarket, cafes, restaurants, and public green spaces https://www.dublinlive.ie/news/dublin-news/green-light-given-3000-new-27935302.amp
- Appeals lodged against Amazon data centre plan for north Dublin https://www.breakingnews.ie/ireland/appeals-lodged-against-amazon-data-centre-plan-for-north-dublin-1541737.html
- DB Schenker investment in Irish logistics facilities hits €94m: German-headquartered firm pays €4.5m for 6.5-acre site at Dublin’s Premier Business Park for development of fourth facility https://www.irishtimes.com/property/commercial-property/2023/10/18/db-schenker-investment-in-irish-logistics-facilities-hits-94m/
- Infrastructure fund to ensure ‘continuity’ for Cork projects https://www.southernstar.ie/news/infrastructure-fund-to-ensure-continuity-for-cork-projects-4275267
- Green light for construction of new Ballinasloe National School https://www.galwaydaily.com/news/green-light-for-construction-of-new-ballinasloe-national-school/?amp
- Limerick’s Opera Square development reaches new heights as giant crane is installed https://www.limerickleader.ie/video/home/1325356/limerick-s-opera-square-development-reaches-new-heights-as-giant-crane-is-installed.html
- Riverside cafe planned for derelict Limerick building https://www.ireland-live.ie/news/limerick-live/1326283/riverside-cafe-planned-for-derelict-limerick-building.html
- Bray 16-acre site zoned for residential development seeking €5m: North Wicklow town likely to see significant growth in demand for new homes due to Dublin’s high prices and shortage of supply https://www.irishtimes.com/property/commercial-property/2023/10/18/bray-16-acre-site-zoned-for-residential-development-seeking-5m/
- One of Kildare’s best known buildings set to be bought for housing: Landmark site https://www.leinsterleader.ie/news/naas/1327957/breaking-one-of-kildare-s-best-known-buildings-set-to-be-bought-for-housing.html
- 130 homes approved by Kildare Co Council https://www.ireland-live.ie/news/kildare-now/1328675/kildare-over-130-homes-approved-by-kildare-co-council.html
- House commencements in Louth this year already surpassing total for 2022 https://www.ireland-live.ie/news/louth-live/1327502/house-commencements-in-louth-this-year-already-surpassing-total-for-2022.html
- Large housing development is ‘extremely positive’ for Tullamore says developer https://www.ireland-live.ie/news/offaly-live/1324152/large-housing-development-is-extremely-positive-for-tullamore-says-developer.html
- Council REFUSE to grant extension on almost 20 year old Tipperary planning permission: Extension of duration was previously granted up until December 31, 2023 on planning for unfinished housing development https://www.ireland-live.ie/news/nenagh-live/1326741/council-refuse-to-grant-extension-on-almost-20-year-old-tipperary-planning-permission.html
- Record number of home commencements in Tipp https://www.nenaghguardian.ie/2023/10/21/record-number-of-home-commencements-in-tipp/
- Amber Beverage Group to invest €35m in new Irish whiskey distillery https://retailtimes.co.uk/amber-beverage-group-to-invest-e35m-in-new-irish-whiskey-distillery/
- Mercury Engineering sees profit fall to €68m despite revenue surge https://m.independent.ie/business/irish/mercury-engineering-sees-profit-fall-to-68m-despite-revenue-surge/a660079205.html
- Breedon Ireland reports 48% profit growth in 2022 https://www.cemnet.com/News/story/175716/breedon-ireland-reports-48-profit-growth-in-2022.html
- Sisk supports development of a new sustainable agriculture in partnership with Green Restoration Ireland https://irishbuildingmagazine.ie/2023/10/18/sisk-supports-development-of-a-new-sustainable-agriculture-in-partnership-with-green-restoration-ireland/
- Plastic at heart of Irish road project: Construction materials company Dura Products has teamed with Clandillon Civil Consulting and its own distributor Killeshal to install a 2km-long combined kerb and drainage system made from recycled plastic https://www.construction-europe.com/news/plastic-at-heart-of-irish-road-project/8032319.article
- Construction activity September 2023: Northern Ireland https://www.constructionnews.co.uk/sections/cn-intelligence/construction-activity-september-2023-northern-ireland-18-10-2023/
- Property developer must pay €35,000 for discriminatory dismissal of ‘elderly’ builder: Worker made redundant after taking sick leave when Covid-19 hit Ireland, WRC told https://www.irishtimes.com/business/2023/10/19/property-developer-must-pay-35000-for-discriminatory-dismissal-of-elderly-builder/
- Gallagher Group announced as new sponsors of Leitrim Senior Football team https://www.leitrimobserver.ie/news/gaa/1328039/gallagher-group-announced-as-new-sponsors-of-leitrim-senior-football-team.html
PROPTECH, ESG & CONSTRUCTION INNOVATION
- Proptech Ireland is updating the database of 2023 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
- Proptech Ireland: Ireland’s CONSTRUCTION and REAL ESTATE ESG technologies resource hub. Confused about how and where to start on your ESG journey? Contact us 👉https://prop-tech.ie
- Has Proptech Funding Turned the Corner? After rising interest rates tightened the flow of investment money, the spigot has begun to drip again – Commercial Observer https://commercialobserver.com/2023/10/proptech-funding-2024/
- ‘Support system for women tech founders is broken’ – female tech leaders’ group TechFoundHer urges more transparency on funding data: TechFoundHer is seeking a bill requiring all VCs investing in Ireland to report demographic data on who they invest in https://m.independent.ie/business/support-system-for-women-tech-founders-is-broken-female-tech-leaders-group-techfoundher-urges-more-transparency-on-funding-data/a1566023400.html
- Tech and Transformation: Kurt Uhlir’s Guide to Leveraging Proptech for Sustainable Success https://www.rebellionresearch.com/tech-and-transformation-kurt-uhlirs-guide-to-leveraging-proptech-for-sustainable-success
- New UK PropTech Steering Board aims to revolutionise housing sector https://www.showhouse.co.uk/news/new-proptech-steering-board-aims-to-revolutionise-housing-sector/
- New Hometrack platform to help agents sharpen up valuations: Standard data now also includes other property information including property attributes, year built and energy performance. https://thenegotiator.co.uk/hometrack-launches-platform-to-help-agents-make-better-decisions/
- PropTech platform gives instant comms between landlords and tenants https://www.landlordtoday.co.uk/breaking-news/2023/10/proptech-platform-gives-instant-comms-between-landlords-and-tenants?source=newsticker
- Construction tech firm ProjectMark raises $3m: Irish-founded, San Francisco-based start-up has developed an AI-powered customer relationship management (CRM) platform for the commercial construction industry https://www.businesspost.ie/tech/construction-tech-firm-projectmark-raises-3m/
- New ‘dating app’ targets agents, landlords and tenants. Proptech start-up platform krispyhouse is offering a new matching service ‘to rival Rightmove and Zoopla’. https://thenegotiator.co.uk/new-dating-app-targets-agents-landlords-and-tenants/
- Has Proptech Funding Turned the Corner? After rising interest rates tightened the flow of investment money, the spigot has begun to drip again – Commercial Observer https://commercialobserver.com/2023/10/proptech-funding-2024/
- Proptech Startup HqO Secures $50 Million Series D Funding: Koch Real Estate Investments led the raise, which the real estate experience platform says will go toward its growth https://commercialobserver.com/2023/10/hqo-koch-funding-series-d/ Also: HqO will focus on M&A deals with new Series D funding https://www.bizjournals.com/boston/inno/stories/fundings/2023/10/18/hqo-series-d-funding.html
- IoT in the Proptech Market would be worth USD 1,224 million by 2033 with a 14.6% CAGR https://www.getnews.info/1355774/iot-in-the-proptech-market-would-be-worth-usd-1224-million-by-2033-with-a-146-cagr.html
- VTS Recognized On Commercial Observer’S Annual Power Proptech List For Second Consecutive Year https://menafn.com/1107269186/VTS-Recognized-On-Commercial-ObserverS-Annual-Power-Proptech-List-For-Second-Consecutive-Year
- Proptech investment company BetaBoxVC launched https://aimgroup.com/2023/10/19/betaboxvc-lauches-to-finance-proptech-startups/
- Patrick Grove-backed Proptech firmSidespace is seeking AUD $2.5 million ($1.6 million) to disrupt commercial real estate. https://technode.global/2023/10/19/patrick-grove-backed-proptech-sidespace-seeks-1-6m-funding/
ENERGY, CLIMATE & ENVIRONMENT
- Meter Tails in a Domestic Setting: Meter Tails are the cables which carry electricity from the national grid to your Electrical Installation. Learn how best to manage Meter Tails for additions to electrical installations, EV Home Chargers and Heat Pumps https://www.seai.ie/blog/meter-tails-domestic/index.xml
- Shining light of solar power put on the block for 400m https://www.thetimes.co.uk/article/shining-light-of-solar-power-sector-put-on-the-block-for-400m-75dvch6sj
- Whitbread opens its first all-electric Premier Inn hotel https://www.edie.net/whitbread-opens-its-first-all-electric-premier-inn-hotel/?amp=true
- Permission granted for large solar farm in Kilkenny https://www.ireland-live.ie/news/kilkenny-live/1324163/breaking-permission-granted-for-large-solar-farm-in-kilkenny.html
- Tánaiste Micheál Martin, on behalf of Minister for Transport Eamon Ryan, has received Government approval for Ireland to seek leave to intervene in a case regarding emissions at the European Court of Justice. https://www.breakingnews.ie/ireland/government-signs-off-on-move-to-intervene-in-emissions-case-at-ecj-1540817.html
- Erapid Charger Company has announced an investment of €30 million by Aviva Investors https://www.techcentral.ie/ev-charging-company-erapid-announces-e30m-investment-by-aviva-investors/
RESIDENTIAL PROPERTY NEWS (including PRS)
- Record H1 for Ireland’s prime country homes market: https://www.rte.ie/news/business/2023/1016/1411139-prime-country-homes-market/
- Nearly one in three non-homeowners think they won’t get on property ladder, survey finds https://m.independent.ie/irish-news/nearly-one-in-three-non-homeowners-think-they-wont-get-on-property-ladder-survey-finds/a642742734.html
- How the First Home Scheme works: There are a variety of supports out there to help potential homeowners to secure a property. John Hearne goes through the details https://www.irishexaminer.com/business/economy/arid-41251867.html
- Rightsizing: How to trade your ‘too-big’ house for a low-maintenance home: A national policy on ‘rightsizing’ is in the works to allow more of us to live independently in our communities for longer https://www.irishtimes.com/property/residential/2023/10/18/rightsizing-for-empty-nesters-how-to-trade-your-too-big-house-for-a-low-maintenance-home/
- The perils – or otherwise – of pulling out of a house sale: Signing a contract can expose buyers to liability for more than the deposit put down, so it is vital to ensure it is carefully worded https://www.irishtimes.com/your-money/2023/10/17/the-perils-or-otherwise-of-pulling-out-of-a-house-sale/
- BidX1 moves two Munster properties for close to €1m: Riverside Georgian mansion in Clonmel and Limerick city investment both sell for guide price https://www.businesspost.ie/property/bidx1-moves-two-munster-properties-for-close-to-e1m/
- Web Summit loses appeal over €20,000 bill for damage to rented house https://www.breakingnews.ie/ireland/web-summit-loses-appeal-over-e20000-bill-for-damage-to-rented-house-1541233.html
- Bright idea: This old ESB warehouse was converted into a block of apartments that could evolve with its owners: In 1997, one developer broke from the cookie cutters with a big dream that we need to realise once again https://m.independent.ie/life/home-garden/bright-idea-this-old-esb-warehouse-was-converted-into-a-block-of-apartments-that-could-evolve-with-its-owners/a1235259003.html
- Can vacant and derelict homes fill a huge gap in the housing market? With vacancy rates as high as 30pc in some towns, dereliction has been called a social crime. But it’s not straightforward to bring these properties back to life https://m.independent.ie/irish-news/matt-cooper-can-vacant-and-derelict-homes-fill-a-huge-gap-in-the-housing-market/a874818988.html
- Stillorgan scheme of 59 homes hits market priced from €360,000 https://www.businesspost.ie/property/stillorgan-scheme-of-59-homes-hits-market-priced-from-e360000/
- Transform your property for sale; Dressing your home for sale is one of the easiest ways to attract more buyers and achieve the best price possible, but you’ve got to get rid of the clutter first https://www.businesspost.ie/property/transform-your-property-for-sale/
- Irish company recalls mirror vanity unit due to safety concerns https://www.limerickleader.ie/news/national-news/1323916/irish-company-recalls-mirror-vanity-unit-due-to-safety-concerns.html
- Fruity prices but fine homes and fab Cork address at €1.3m: Orchard Road new builds, Ecklinville, called after a heritage apple variety: medics may be to the fore as buyers given Orchard Road’s proximity to CUH and Bon Secours https://www.irishexaminer.com/property/residential/arid-41251900.html
- Kildare country house has period touches, but BER is up to the minute: The elegant Hortland Hall in Donadea has centre roses and sash windows, but – as a recent build – none of the hassle of a period property and all of the luxuries of today https://www.businesspost.ie/property/kildare-country-house-has-period-touches-but-ber-is-up-to-the-minute/
- Dingle home where Saoirse Ronan stayed and Waking Ned was written for €1.4m – Casting directors Ros and John Hubbard have lived in this seven-bedroom house and cottage with views over the bay https://www.irishtimes.com/property/residential/2023/10/19/dingle-home-where-saoirse-ronan-stayed-and-waking-ned-was-written-for-14m/
- Kitchens: Neptune brings country style to city living with timeless designs: The Dublin-based firm has taken inspiration from Georgian splendour to deliver its Chicester collection of kitchens https://www.businesspost.ie/property/kitchens-neptune-brings-country-style-to-city-living-with-timeless-designs/
- That would be an ecumenical matter? €1.2m Donoughmore glebe was home to clergy of two faiths: one minister fathered nine sons and nine daughters – Large period house a tranquil haven set apart from the modern world, and may go private, or into hospitality https://www.irishexaminer.com/property/residential/arid-41249611.html
COMMERCIAL PROPERTY NEWS
- Transactions continue despite weaknesses in office market: Figures from some agents suggest there is still demand for space despite a disparity between short and long-term outlooks for the sector https://www.businesspost.ie/property/transactions-continue-despite-weaknesses-in-office-market/
- ‘You’re competing with the commute’: how businesses are rethinking their offices: Pandemic prompts moves to greener, better equipped and more central workplaces https://www.irishtimes.com/property/commercial-property/2023/10/18/youre-competing-with-the-commute-how-businesses-are-rethinking-their-offices/
- Principal Global Investors agrees deal for offices at Kildress House: US-headquartered investment manager relocates Dublin operation to new, ESG-compliant accommodation https://www.irishtimes.com/property/commercial-property/2023/10/18/principal-global-investors-agrees-deal-for-offices-at-kildress-house/
- U2’s Bono and The Edge sell Clarence hotel to group owned by Paddy McKillen jnr and Matt Ryan – The two musicians have owned the landmark hotel for over three decades https://www.irishtimes.com/property/commercial-property/2023/10/19/a-beautiful-pay-day-bono-and-the-edge-cash-out-of-dublins-clarence-hotel/
- Tech giants Yahoo and Ancestry take offices in Dublin’s tallest office tower https://m.independent.ie/business/commercial-property/tech-giants-yahoo-and-ancestry-take-offices-in-dublins-tallest-office-tower/a68825440.html
- Grafton Street renaissance in full swing as investor confidence surges: Balance is shifting from institutional to private ownership as a slew of properties change hands https://www.businesspost.ie/property/grafton-street-renaissance-in-full-swing-as-investor-confidence-surges/
- Five industrial units close to Dublin Airport offered for lease: Three of the properties are in the North Ring Business Park, which benefits from easy access to both the M50 motorway https://www.businesspost.ie/property/five-industrial-units-close-to-dublin-airport-offered-for-lease/
- JD Wetherspoon to sell regional Irish pubs for €10m https://www.breakingnews.ie/business/jd-wetherspoon-to-sell-regional-irish-pubs-for-e10m-1540994.html
- Dublin GP secures temporary injunction restraining landlord from taking possession of clinic https://www.breakingnews.ie/ireland/dublin-gp-secures-temporary-injunction-restraining-landlord-from-taking-possession-of-clinic-1540700.html
- Cork city centre office investment to offer 7% yield: Property at 6 Lapps Quay, adjacent to City Quarter and South Mall, has long-term tenant and is guiding €975,000 https://www.businesspost.ie/property/cork-city-centre-office-investment-to-offer-7-yield/
- Waterford’s Wetherspoons hits the market https://www.ireland-live.ie/news/waterford-live/1328575/waterford-s-wetherspoons-hits-the-market.html
- Award winning Kildare’s Hanged Man’s Pub and Restaurant up for sale for over €1m https://www.leinsterleader.ie/news/home/1326893/award-winning-kildare-s-hanged-mans-pub-and-restaurant-up-for-sale-for-over-1m.html
- From 10 years in Direct Provision to opening her own restaurant in Sligo this week: Funké Egberongbe was once served with deportation papers but she always believed she would one day start her own business in Ireland https://m.independent.ie/regionals/sligo/news/from-10-years-in-direct-provision-to-opening-her-own-restaurant-in-sligo-this-week/a1607214396.html
- Des Kelly Interiors spends on style with new store revamp: Youlanda Kelly, daughter of the late Des Kelly, has a €3.4m plan for the interiors retailer https://m.independent.ie/business/des-kelly-interiors-spends-on-style-with-new-store-revamp/a264123923.html
INTERNATIONAL PROPERTY NEWS
- Dalata brings Clayton brand to Edinburgh https://tophotel.news/dalata-brings-clayton-brand-to-edinburgh/
- Rightmove records weakest month of October for asking price increases since 2008 https://www.ireland-live.ie/news/personal-finance/1323773/rightmove-records-weakest-month-of-october-for-asking-price-increases-since-2008.html
- Online property portal OnTheMarket has agreed to a near-£100 million takeover by US property giant CoStar Group. https://www.ireland-live.ie/news/city/1326760/onthemarket-agrees-to-99m-takeover-by-us-real-estate-giant.html Also: Tebb to stay in charge at OTM after takeover: Current OnTheMarket CEO Jason Tebb to remain in post after CoStar acquisition goes through – and there will be no job losses. https://thenegotiator.co.uk/tebb-to-stay-in-charge-at-otm-after-takeover/
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/