Weekly Irish property market news and insights – for the industry, by the industry
*Earlier this week, I was delighted to return to chairing in-person events, thanks to Liv Consult, IN2 Engineering and Downey Planning & Architecture (pictured below). The event focused on ‘Life After SHD’ and touched on many issues surrounding BTR and PRS in Ireland. Through the networking, the chat turned to issues of JRs, community resistance – aided by elected politicians – and one-sided media commentary on property development that is lacking in balance or depth. All three issues appear through news stories this week, as is clearly evident below. The industry needs to speak up and robustly articulate its community offering and the wider benefits of development. There is a strong fear and distrust of new media, however, new media will likely offer the most balanced and wide-reaching platforms for sharing facts and influencing (or at least contributing to) the conversation, which is essential right now. I, and the Property District team, routinely call for political bravery to do the difficult things, now the industry needs to recognise social changes and be brave…
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:
- More homes being built than forecast as construction activity rebounds: There could be as many as 27,000 housing units completed next year; 14,000 housing units have been completed so far this year, with the total expected to be 22,000. https://m.independent.ie/business/personal-finance/property-mortgages/more-homes-being-built-than-forecast-as-construction-activity-rebounds-40974167.html
- Republic faces competition from Germany and Italy for Intel investment: Germany emerges as frontrunner to land even bigger megafactory planned by US company https://www.irishtimes.com/business/technology/republic-faces-competition-from-germany-and-italy-for-intel-investment-1.4708019
- Plans to open Ireland’s only thatching school in county https://donegalnews.com/2021/10/plans-to-open-irelands-only-thatching-school-in-county/
- Estate agents ‘add shine to house adverts with Photoshop’ https://www.thetimes.co.uk/article/estate-agents-add-shine-to-house-adverts-with-photoshop-067xm9r8s
- Hard targets: how the carbon budgets break down, and their chances of succeeding: The Climate Change Advisory Council’s carbon budgets will be published this week, and every sector will need to aim toward an overall target of 51 per cent emissions reductions in Ireland by 2030. Can the targets be hit? https://www.businesspost.ie/climate-environment/hard-targets-how-the-carbon-budgets-break-down-and-their-chances-of-succeeding-7d6429aa
- E-scooters now green-lit but legislation could take some time: The best way to plan rollout is by observing how other European cities have done it https://www.irishtimes.com/business/transport-and-tourism/e-scooters-now-green-lit-but-legislation-could-take-some-time-1.4707046 Also: Lime to invest €10m in Irish operations as it readies e-scooter services: Company is one of more than 20 micromobility operators hoping to run services here https://www.irishtimes.com/business/transport-and-tourism/lime-to-invest-10m-in-irish-operations-as-it-readies-e-scooter-services-1.4706081
- Mediahuis sells NI property portal https://m.independent.ie/business/mediahuis-sells-ni-property-portal-40971390.html
- National Heritage Week Award Winners 2021: From walking tours to water sampling, from art to otters, National Heritage Week is a countrywide celebration of our glorious natural, built and cultural heritage https://www.irishtimes.com/sponsored/ireland-s-heritage/national-heritage-week-award-winners-2021-1.4704774?mode=amp
If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/
As always, you might let me know if I have missed out on any relevant property news by emailing carol@propertydistrict.ie.
(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)
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 last 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 we were joined by Kate English, Chief Economist and Head of Research & Insights at Cushman & Wakefield; Aisling Tannam, Director and Chartered Surveyor (Office Disposal team) at Cushman & Wakefield Ireland; and Rupert Hogan from Businessloans.ie to discuss the Dublin office market, pandemic office trends, and SME finance for the construction and development sectors.
Watch back: https://youtu.be/84RBfzWay_8
Watch back: https://youtu.be/9B82kREycrw
*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
- The battle for Dublin’s soul: Are recent protests against hotels near cultural spaces a sign of things to come?: Developments at Merchant’s Arch in Temple Bar and The Cobble Stone in Smithfield have led to protests accusing the authorities of allowing Dublin’s heritage to be commodified. The capital has changed immeasurably in the last two decades but now, fears are growing that its culture is in danger. https://www.businesspost.ie/Planning/the-battle-for-dublins-soul-are-recent-protests-against-hotels-near-cultural-spaces-a-sign-of-things-to-come-74580b4b Also: McDonald seeking to legally block Merchant’s Arch hotel: The campaigning columnist is seeking to lodge a judicial review against publican Tom Doone’s plans to demolish buildings at Temple Bar’s historic laneway https://www.businesspost.ie/Planning/mcdonald-seeking-to-legally-block-merchants-arch-hotel-be56a026
- Fascinating book brings old Dublin to life with newly colourised pictures: This is historical Dublin like you have never seen it before https://www.dublinlive.ie/lifestyle/fascinating-book-brings-old-dublin-21894632 (featured image)
- Intimate City: Dublin Essays by Peter Sirr review – Genial guide’s meander around Dublin: Peter Sirr says Dublin is a city where the unexpected lurks around every corner https://www.thetimes.co.uk/article/intimate-city-dublin-essays-by-peter-sirr-review-genial-guides-meander-around-dublin-t90v3z88r
- Ireland well suited for ‘15-minute cities’ – report finds: Higher density home-building can bring benefit of easier access to amenities, say authors https://www.irishtimes.com/news/environment/ireland-well-suited-for-15-minute-cities-report-finds-1.4707216 But: ‘15-minute city’ concept fails to excite public wary of compact development https://m.independent.ie/irish-news/15-minute-city-concept-fails-to-excite-public-wary-of-compact-development-40973134.html
- Affordable housing scheme tenants could be charged for parking spaces: Scheme at Central Mental Hospital in Dublin being led by Land Development Agency https://www.irishtimes.com/business/construction/affordable-housing-scheme-tenants-could-be-charged-for-parking-spaces-1.4705975
- Construction set to begin on massive new €20 million Liffey Valley bus hub: Services from south and west Dublin, as well as Kildare, will cross over and terminate at the hub, just a short walk from the main entrance to the shopping centre https://www.dublinlive.ie/news/liffey-valley-bus-stop-hub-21941625
- Progress in mediation between National Children’s Hospital and local residents, court hears https://www.breakingnews.ie/ireland/progress-in-mediation-between-national-childrens-hospital-and-local-residents-court-hears-1202797.html
- Dublin city council ‘won’t cut off equine centre’ https://www.thetimes.co.uk/article/dublin-city-council-wont-cut-off-equine-centre-m5glrd95r
- What You Should Know Before Moving to Cork https://www.thecork.ie/2021/10/23/what-you-should-know-before-moving-to-cork/
- Massive mural in Cork city explores the history of the English Market: The fourth larger than life piece of street art from Ardu highlights the abundance of the market with the strain of the housing crisis https://www.corkbeo.ie/culture/massive-mural-cork-city-explores-21904429
- Mexican couple buy Cork record store on Facebook after thinking ad was a joke: Claudia didn’t know Cork existed when she grew up in Mexico City and now she’s joined the vibrant community on MacCurtain Street https://www.corkbeo.ie/culture/mexican-couple-buy-cork-record-21933011
- Some Limerick communities may see ‘no benefit’ from €337m regeneration plan: Councillors have warned that if promises are not kept, parts of Limerick could find themselves worse off https://www.irishexaminer.com/news/munster/arid-40724904.html
- Works begin on Waterford Greenway Extension https://www.wlrfm.com/news/works-begin-on-waterford-greenway-extension-215879
- €3.5m in extra funding for 12 rural regeneration projects https://www.agriland.ie/farming-news/e3-5m-in-extra-funding-for-12-rural-regeneration-projects/
- The story of one Irish town and its empty buildings https://www.irishtimes.com/life-and-style/people/the-story-of-one-irish-town-and-its-empty-buildings-1.4705847?mode=amp
- Sligo road upgrade end of a ‘nightmare’ for local community: Principal says she can now encourage pupils to cycle and walk to school https://www.irishtimes.com/news/environment/sligo-road-upgrade-end-of-a-nightmare-for-local-community-1.4702993
- Live the dream in Sneem: Kerry village offers a seamless-move service: Aidan Murray helps people find ‘properties that are for sale but don’t appear on websites’ https://www.irishtimes.com/life-and-style/homes-and-property/live-the-dream-in-sneem-kerry-village-offers-a-seamless-move-service-1.4707156?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
- Plans to wind down controversial fast-track housing scheme delayed: Circular sent to local authorities has said the government cannot commit to the end date of October for the Strategic Housing Development system any longer and it will now expire in February 2022 https://www.businesspost.ie/houses/plans-to-wind-down-controversial-fast-track-housing-scheme-delayed-aef471d9
- Green electricity developers say they are shut out of the national grid: State agencies blamed for long delays in processing applications to connect to grid https://www.irishtimes.com/business/energy-and-resources/green-electricity-developers-say-they-are-shut-out-of-the-national-grid-1.4702936
- Construction costs could spell problems for the world’s data centres https://www.siliconrepublic.com/enterprise/data-centres-report-turner-and-townsend-construction-costs
- Supply strain to worsen further before it gets better – The world economy is experiencing the first supply shock since the two oil price shocks of the 1970s https://www.irishexaminer.com/business/economy/arid-40723128.html
- Commercial building retrofit scheme could trigger over €200m in sustainable energy spend: Pilot aims to encourage commercial building owners to retrofit their property with no upfront costs https://www.irishexaminer.com/news/munster/arid-40724715.html
- Developers who undervalue vacant land face a 30% penalty under new Revenue plan:The move will mean the vacant site tax bill on land worth €10 million would rise from €300,000 to €390,000 if the value of it was found to have been severely underestimated. https://www.businesspost.ie/tax/developers-who-undervalue-vacant-land-face-30-penalty-under-new-revenue-plan-a704163f
- Plans to sell rezoned Dublin jam factory site for €25m leaves sour taste: Councillors say they were ‘fooled’ into rezoning with ‘sugared’ promises of housing https://www.irishtimes.com/news/ireland/irish-news/plans-to-sell-rezoned-dublin-jam-factory-site-for-25m-leaves-sour-taste-1.4704012 Also: Owner denies ‘flipping’ Chivers jam factory site in north Dublin – Councillors say they felt ‘fooled’ into rezoning Coolock location for housing https://www.irishtimes.com/news/ireland/irish-news/owner-denies-flipping-chivers-jam-factory-site-in-north-dublin-1.4705028
- Ronan Group gets injunction preventing Digital Bridge selling Dublin stakes: Johnny Ronan’s development company gets second court order in two weeks against co-investor https://www.irishtimes.com/business/commercial-property/ronan-group-gets-injunction-preventing-digital-bridge-selling-dublin-stakes-1.4708316 Also: Trump associate may be called to testify in Ronan legal case: Colony Capital founder Tom Barrack, was released from jail earlier this year on a $250 million bond, after being charged with illegal lobbying, which he denies https://www.businesspost.ie/legal/trump-associate-may-be-called-to-testify-in-ronan-legal-case-1cc1cc59
- Guide to the biggest building projects getting underway around the country https://www.businesspost.ie/commercial/untitled-8fd06c77
- Liffey Valley site could support 1,400 homes, says developer: Construction on 27-acre site beside shopping centre could be funded by German pension fund https://www.businesspost.ie/houses/liffey-valley-site-could-support-1400-homes-says-developer-28e1564f
- Council recommends refusal for €135m Blackrock apartment scheme: Scheme would have detrimental impact on character of south Dublin suburb, council says https://www.irishtimes.com/business/commercial-property/council-recommends-refusal-for-135m-blackrock-apartment-scheme-1.4705026
- Appeals lodged against Kennedy Wilson St Stephen’s Green office scheme: Adverse impact and scale of development cited https://www.irishtimes.com/business/commercial-property/appeals-lodged-against-kennedy-wilson-st-stephen-s-green-office-scheme-1.4707137
- Bord Pleanála clears way for €35m ‘fast-track’ housing scheme for Ashford: Board also approves 191-apartment scheme for Finglas https://www.irishtimes.com/business/construction/bord-plean%C3%A1la-clears-way-for-35m-fast-track-housing-scheme-for-ashford-1.4705882
- South Dublin site with potential for 400 homes seeks €23m-plus: Brennanstown plot, once subject of a dispute involving developer, is 29.4 acres https://www.irishtimes.com/business/commercial-property/south-dublin-site-with-potential-for-400-homes-seeks-23m-plus-1.4702798
- TDs back local opposition to 671 unit housing scheme in Ranelagh: Jim O’Callaghan says 10-storey fast-track scheme ‘far too dense and unsustainable’ https://www.irishtimes.com/business/construction/tds-back-local-opposition-to-671-unit-housing-scheme-in-ranelagh-1.4708171
- Palmerstown apartment scheme ‘jeopardised’ by right-of-way dispute: One central issue for the court is the meaning of the terms of a right-of-way, affidavit says https://www.irishtimes.com/business/commercial-property/palmerstown-apartment-scheme-jeopardised-by-right-of-way-dispute-1.4703897
- Planning application lodged for new residential development near Blarney https://www.echolive.ie/corknews/arid-40723782.html
- Works at 40 schools in Cork at construction or advanced planning stage https://www.echolive.ie/corknews/arid-40722864.html
- Plans submitted for Salthill housing development https://www.galwaydaily.com/news/housing/plans-submitted-for-salthill-housing-development/
- Presentation Sisters Galway to build new convent in the city https://galwaybayfm.ie/galway-bay-fm-news-desk/presentation-sisters-galway-to-build-new-convent-in-the-city/
- Questions raised over €300k regeneration spend on Limerick Opera Site: The landmark commercial development is not in or near the four areas which were the focus of the regeneration plan https://www.irishexaminer.com/news/munster/arid-40724211.html
- Multi-million euro boost for major IDA project in Limerick https://www.limerickleader.ie/news/home/679027/multi-million-euro-boost-for-major-ida-project-in-limerick.html
- Nearly €7 million spent on demolition under Limerick’s regeneration project https://www.live95fm.ie/news/live95-news/nearly-e7-million-spent-on-demolition-under-limericks-regeneration-project/
- Charity pays more for 16 homes than council deal with builder https://m.independent.ie/irish-news/news/charity-pays-more-for-16-homes-than-council-deal-with-builder-40961870.html
- Hotel fails to remove shipping containers around homes: Despite an enforcement order from Meath County Council, the 40ft steel containers still surround privately owned houses on Johnstown Estate https://www.businesspost.ie/Planning/hotel-fails-to-remove-shipping-containers-around-homes-0e65a901
- County council interested in buying Arklow Pottery site: Councillors told former factory site on South Quay is of ‘strategic interest’, under new plans to regenerate Arklow Harbour https://m.independent.ie/regionals/wicklow/news/county-council-interested-in-buying-arklow-pottery-site-40965774.html
- Apartments plan for former Mayo factory property rejected by council https://www.con-telegraph.ie/2021/10/17/apartments-plan-for-former-mayo-factory-property-rejected-by-council/
- Plans for a housing development refused in Clonmel https://tippfm.com/news/plans-housing-development-refused-clonmel/
- Aedifica invests €43.5m in the construction of three care homes in Ireland https://www.laingbuissonnews.com/healthcare-markets-international-content/ireland-aedifica-invests-e43-5m-in-the-construction-of-three-care-homes-in-ireland/
- Linesight, which employs more than 900 people and has offices in 24 countries around the world, has been bought by US company Pennsylvania’s Integrated Project Services (IPS). https://m.independent.ie/business/irish/sale-to-us-business-nets-big-payout-for-linesight-partners-40961221.html
- Joe O’Reilly, Castlethorn failing to complete property sale, businessman claims: Patrick White and his companies are seeking High Court orders https://www.irishtimes.com/business/commercial-property/joe-o-reilly-castlethorn-failing-to-complete-property-sale-businessman-claims-1.4703887
- From adopting innovative technologies through to safety leadership and mental health awareness, Collen Construction is continuously focused on staying ahead of the curve. https://irishbuildingmagazine.ie/2021/10/18/tommy-drumm-collen-construction/
- Damien Kilgannon, former Head of Property at IDA Ireland, joins Fine Grain Property to lead its real estate function. https://www.irishrealestate.news/fine-grain-property-announces-new-real-estate-director/
- How €2,000 turned into Cork’s number one plumbing service: Industry disruptor, James Foley, of Foley’s Plumbing started up Cork’s only same-day domestic and commercial plumbing service, recently complemented by Foley’s Electrical, making it a one-stop-shop for all your plumbing and electrical requirements. https://www.echolive.ie/sponsored/arid-40721787.html
- Dataplex secures $100m investment led by Dubai’s Damac Group: Dublin-headquartered data centre developer is chaired by entrepreneur Colm Piercy https://www.irishtimes.com/business/technology/dataplex-secures-100m-investment-led-by-dubai-s-damac-group-1.4704694
- Man admits to tricking Cork Builders Providers out of €3k worth of power tools: The judge said the defendant could do 140 hours of community service, and that given the defendant’s skills he could be of benefit to the community https://www.irishexaminer.com/news/courtandcrime/arid-40725012.html
- Three executives of a large US construction company which was founded by a Kerry family face up to 20 years in jail after being found guilty of fraud. https://www.irishexaminer.com/news/arid-40728258.html
PROPTECH, MMC & CONSTRUCTION INNOVATION

*With tenant engagement for PRS and BTR in Ireland being a hot topic, the information above is shared with permission from the team at Standard Access www.standardaccess.co
- 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 *
- IPPi report reveals housing price trends for last 12 months: Quarterly report notes deeply diverging results for each county depending on house size, while Dublin saw rises in every category https://www.businesspost.ie/property-insight/ippi-report-reveals-housing-price-trends-for-last-12-months-97a11960
- Facebook Outage a Wake-Up Call for Proptech: Building owners and operates, beware https://commercialobserver.com/2021/10/facebook-proptech-buildings/
- How Blackstone Picks Proptech Firms To Fund And Where It Will Be Looking Next: https://www.bisnow.com/new-york/news/technology/blackstone-proptech-fifth-wall-110555?utm_source=outbound_pub_3&utm_campaign=outbound_issue_52343&utm_content=outbound_link_3&utm_medium=email
- PropTech Today: are you meeting the expectations of modern consumers? https://www.estateagenttoday.co.uk/breaking-news/2021/10/proptech-today-what-modern-consumers-now-demand-from-agents–are-you-meeting-expectations?source=newsticker
- Get ready for the invasion of smart building technologies following COVID-19 https://theconversation.com/amp/get-ready-for-the-invasion-of-smart-building-technologies-following-covid-19-168646
- ESG Proptech Trends For A Sustainable Future In Real Estate https://www.forbes.com/sites/angelicakrystledonati/2021/10/19/esg-proptech-trends-for-a-sustainable-future-in-real-estate/
- VTS to Buy Office-App Developer for $200M https://therealdeal-com.cdn.ampproject.org/c/s/therealdeal.com/2021/10/19/vts-to-buy-office-app-developer-for-200m/amp/
- Five Years on from Modernise or Die, where are we now? https://constructionmanagermagazine.com/five-years-on-from-modernise-or-die-where-are-we-now/
- Built Technologies Raises $125 Million for Construction Finance https://www.msn.com/en-us/money/other/built-technologies-raises-125-million-for-construction-finance/ar-AAPDdoE
- Proptech neolender Proportunity raises $150M mixed debt and equity round | TechCrunch https://techcrunch.com/2021/10/20/proptech-neo-lender-proportunity-raises-150m-mixed-debt-and-equity-round/
- Clash-free construction: Integrated collaboration + clash automation https://www.pbctoday.co.uk/news/bim-news/clash-automation-collaboration/100472/
- Satellite IoT dreams are crashing into reality https://staceyoniot.com/satellite-iot-dreams-are-crashing-into-reality/
RESIDENTIAL PROPERTY NEWS (including PRS)
- IMF urges caution as house prices surge globally: IMF assistant director Prakash Loungani tells Eamon Quinn about concerns over the supply chain crunch affecting housing https://www.irishexaminer.com/business/economy/arid-40724964.html
- Home ownership trumps long-term rental option, research finds: Survey by Land Development Agency shows low awareness of new cost rental scheme https://www.irishtimes.com/news/ireland/irish-news/home-ownership-trumps-long-term-rental-option-research-finds-1.4705507
- Rent trap: A generation stuck in a vicious circle https://www.irishtimes.com/business/economy/rent-trap-a-generation-stuck-in-a-vicious-circle-1.4707095
- I have ‘effectively’ frozen rents, claims housing minister https://www.irishexaminer.com/news/arid-40725942.html
- Property tax changes: How to value your home: What homeowners need to know about Revenue’s revaluation campaign https://www.irishtimes.com/business/personal-finance/property-tax-changes-how-to-value-your-home-1.4701610
- Merits of replacing LPT with broader site value tax to be considered: Government’s Commission on Taxation and Welfare launches three-month process https://www.irishtimes.com/business/economy/merits-of-replacing-lpt-with-broader-site-value-tax-to-be-considered-1.4704935
- Revealed: the real winners and losers in property tax shake-up: Some homeowners paying the most will see bills rise again https://m.independent.ie/news/revealed-the-real-winners-and-losers-in-property-tax-shake-up-40976749.html
- Having two help-to-buy schemes at a time of rapid inflation is madness: Government schemes risk adding to inflationary pressure in housing market https://www.irishtimes.com/business/economy/having-two-help-to-buy-schemes-at-a-time-of-rapid-inflation-is-madness-1.4702765
- Irish mortgage lending to top €12bn next year for first time since crash https://www.irishtimes.com/business/economy/irish-mortgage-lending-to-top-12bn-next-year-for-first-time-since-crash-davy-1.4703418 https://www.irishtimes.com/business/economy/irish-mortgage-lending-to-top-12bn-next-year-for-first-time-since-crash-davy-1.4703418
- Bank of Ireland offering a rock-bottom interest rate of 2pc for green mortgages https://m.independent.ie/business/personal-finance/property-mortgages/bank-of-ireland-offering-a-rock-bottom-interest-rate-of-2pc-for-green-mortgages-40958533.html
- Dilosk aims to double mortgage market share to 10%: Lender’s chief executive says mortgage-backed bond investors value Central Bank mortgage rules https://www.irishtimes.com/business/financial-services/dilosk-aims-to-double-mortgage-market-share-to-10-1.4703892
- PIPs accuse Start Mortgages of ‘veiled intimidation’ over letters: The retail credit firm wrote to borrowers last month advising them that personal insolvency arrangements may be suitable for dealing with mortgage difficulties https://www.businesspost.ie/financial-services/pips-accuse-start-mortgages-of-veiled-intimidation-over-letters-9421fdb2
- Finance Bill closes potential loophole in levy on bulk buying of houses: Non-resident corporate landlords with presence in State to pay 25% tax https://www.irishtimes.com/business/economy/finance-bill-closes-potential-loophole-in-levy-on-bulk-buying-of-houses-1.4706971
- How to pass on your home to an unmarried partner without triggering a massive tax bill https://m.independent.ie/business/personal-finance/how-to-pass-on-your-home-to-an-unmarried-partner-without-triggering-a-massive-tax-bill-40976351.html
- ‘It is crushing that I’m not enough, as an individual, to have my own front door.” https://www.irishtimes.com/life-and-style/homes-and-property/rent-trap-i-m-leaving-dublin-as-my-homeowning-dreams-will-never-be-realised-1.4707758?mode=amp
- 10 of the cheapest sites for self-building in Ireland https://amp.extra.ie/2021/10/23/property/10-cheapest-sites-self-build
- How to keep costs down when building your own home: Three key factors that affect cost per square foot are building size, construction complexity, and design specification https://www.irishexaminer.com/property/residential/arid-40724790.html
- How to beat the big delay: With the cost of building materials going through the roof and long lead times, should home improvement plans be put on hold? Anna Shelswell-White asks Ireland’s best-known experts https://www.thetimes.co.uk/article/how-to-beat-the-big-delay-bn2d7jvz2
- South Dublin’s Blackrock is Ireland’s ‘answer to Beverly Hills’, according to property price figures https://m.independent.ie/irish-news/south-dublins-blackrock-is-irelands-answer-to-beverly-hills-according-to-property-price-figures-40973776.html
- Ten two bed Cork city apartments selling for €4.2mill: The ten ‘like-new’ apartments could bring in over €237,000 in rent a year https://www.corkbeo.ie/news/property/ten-two-bed-cork-city-21914666
- Over 50 cost-rental homes to open for applications in Kildare: Properties will be rented at sub-market rates of €900 and €1,250 a month https://www.irishtimes.com/business/economy/over-50-cost-rental-homes-to-open-for-applications-in-kildare-1.4704917
- Exodus of small investors shrinks rental stock by 22,000 in five years: Sherry FitzGerald says traditional buy-to-let investors exiting the market in droves https://www.irishtimes.com/business/economy/exodus-of-small-investors-shrinks-rental-stock-by-22-000-in-five-years-1.4705034
- Most responsible pet owners will welcome this: Griffith Wood in North Dublin City is offering 300 brand-new apartments for rent and has been advertised as ‘the ideal city home’ and ‘pet friendly’. https://extra.ie/2021/10/18/property/dublin-rental-development-charging-pet-rent Also: Calls to end ‘pet rent’ as tenants charged for animals https://amp.rte.ie/amp/1254428/
- Student commutes 180km daily as accommodation crisis continues https://m.independent.ie/regionals/wexford/news/student-commutes-180km-daily-as-accommodation-crisis-continues-40961588.html
- Limerick Property Focus: Supply of second-hand properties improving: While the supply of new homes remains critically low there are hopes that prices may level off in the Mid West capital https://www.irishexaminer.com/property/residential/arid-40724472.html
- Authentic thatched cottage and old village cinema up for grabs in Galway https://www.irishcentral.com/dream-homes/thatched-cottage-old-village-cinema-for-sale-galway.amp
- Offaly period lodge to be auctioned through Youbid.ie: The appealing two-bedroom property has an advised minimum value of €80,000 https://www.businesspost.ie/commercial/offaly-period-lodge-to-be-auctioned-through-youbidie-90d186fc
- Can I rent out the off-street parking at my house? Property Clinic: Given the potential obligations, costs, and liabilities that might arise, it’s a complicated decision https://www.irishtimes.com/life-and-style/homes-and-property/can-i-rent-out-the-off-street-parking-at-my-house-1.4701381?mode=amp
- Ideal Home Show celebrates interest in home interiors and upgrades: The autumn Permanent TSB Ideal Home Show will offer everything home improvers and upgraders could want from October 22nd-25th at RDS https://www.irishtimes.com/sponsored/ideal-home-show/ideal-home-show-celebrates-interest-in-home-interiors-and-upgrades-1.4699213?mode=amp
- Rural Irish house goes for double the price after two hour bidding war: “The property is on a site area extending to approximately 2.5 hectares (5.9 acres)” https://www.irishmirror.ie/lifestyle/homes-and-property/rural-irish-house-goes-double-25243180.amp
- Mobile home located in Brittas Bay, Co. Wicklow, has gone on sale for a staggering €495,000 https://www.irishmirror.ie/lifestyle/homes-and-property/people-shocked-mobile-home-brittas-25247344.amp
- Earley’s Roscommon agency joins Re/Max in new partnership: Rebranding as Re/Max Team Earley, the estate agency will be adding new staff and marketing resources to support business development https://www.businesspost.ie/commercial/earleys-roscommon-agency-joins-remax-in-new-partnership-b01926ea
- An amicable split – how this Terenure house optimises Rent A Room potential without compromising on privacy https://m.independent.ie/life/home-garden/homes/an-amicable-split-how-this-terenure-house-optimises-rent-a-room-potential-without-compromising-on-privacy-40972666.html
- Two high-end mansions in Adare brought to you by MyHome.ie: Adare is the home of the 2027 Ryder Cup and multiple All-Ireland-winning captain Declan Hannon https://www.limerickleader.ie/news/sponsored-content/679422/two-high-end-mansions-in-adare-brought-to-you-by-myhome-ie.html
- How we’re building an eco-home for less than €100k – and plan to be mortgage-free forever: Therapist Sarah Louise Kernan and her husband Evan are building their own home and permaculture smallholding in Donegal without the need for a mortgage https://m.independent.ie/life/how-were-building-an-eco-home-for-less-than-100k-and-plan-to-be-mortgage-free-forever-40961799.html
COMMERCIAL PROPERTY NEWS
- The way we live now: industry experts give their forecasts for the future: After a year and a half of the pandemic, the residential landscape looks somewhat different. Here, the team at JLL estate agents predict which way the market is likely to go in 2022 https://www.businesspost.ie/residential/the-way-we-live-now-industry-experts-give-their-forecasts-for-the-future-15abab35
- Facebook to create 10,000 jobs as it starts to build a ‘metaverse’ – The social networking giant has confirmed that many of the new roles will be in Ireland https://m.independent.ie/business/technology/facebook-to-create-10000-jobs-as-it-starts-to-build-a-metaverse-40958500.html
- Hammerson rent collection at 71pc in Ireland amid focus on collecting arrears https://m.independent.ie/business/commercial-property/hammerson-rent-collection-at-71pc-in-ireland-amid-focus-on-collecting-arrears-40966157.html
- Rapid evolution of turnover rents has picked up pace during pandemic https://m.independent.ie/business/commercial-property/rapid-evolution-of-turnover-rents-has-picked-up-pace-during-pandemic-40969250.html
- Cosgrave family deny ‘starving’ Ivy Exchange of fire safety funds: Billionaire property magnates fail to halt case proceeding against them in the Commercial Court over Parnell Street development https://www.businesspost.ie/legal/cosgrave-family-deny-starving-ivy-exchange-of-fire-safety-funds-8be3c3e9
- German investor acquires Nutgrove Retail Park in € 65m-plus deal: Second major purchase for AM Alpha in Dublin this year https://www.irishtimes.com/business/commercial-property/german-investor-acquires-nutgrove-retail-park-in-65m-plus-deal-1.4705894
- Foot Locker tells court it is ‘trading very badly’ on Grafton Street: The international sportswear chain is embroiled in a rent dispute with its landlord for the Dublin city centre premises https://www.businesspost.ie/legal/foot-locker-tells-court-it-is-trading-very-badly-on-grafton-street-08c252fd
- Dunnes granted delay on order to fit out Dublin docklands store https://www.breakingnews.ie/business/dunnes-granted-delay-on-order-to-fit-out-dublin-docklands-store-1202247.html
- Several hospitality venues in Dublin will be auctioned by commercial and residential property agency Knight Frank in November. https://www.hospitalityireland.com/amp/general-industry/several-dublin-hospitality-venues-to-be-auctioned-by-property-agency-knight-frank-150787
- Five Irish Pub Properties Hit The Market https://www.hospitalityireland.com/amp/pub-bar-nightclub/five-irish-pub-properties-hit-the-market-2-150484
- Almost 350 pubs have closed down since pandemic began https://m.independent.ie/irish-news/almost-350-pubs-have-closed-down-since-pandemic-began-40957271.html Akso: 16 pubs close in Galway since the start of the pandemic according to new Survey https://galwaybayfm.ie/galway-bay-fm-news-desk/16-pubs-close-in-galway-since-the-start-of-the-pandemic-according-to-new-survey/
- Aviva offers a prime opportunity to invest in Cork city-centre retail https://m.independent.ie/business/commercial-property/aviva-offers-a-prime-opportunity-to-invest-in-cork-city-centre-retail-40969270.html
- Key Patrick’s Street site comes to the market in Cork with €3m price tag: ‘Securing a footprint of this scale and size in the city centre is difficult to achieve’ https://www.irishexaminer.com/property/commercial/arid-40726209.html
- Cork pub can be all yours for a ‘cool’ €55k https://m.independent.ie/regionals/corkman/news/cork-pub-can-be-all-yours-for-a-cool-55k-40967987.html
- Primary Health Properties adds to its Irish portfolio with Athlone acquisition https://m.independent.ie/business/irish/primary-health-properties-adds-to-its-irish-portfolio-with-athlone-acquisition-40970546.html
INTERNATIONAL PROPERTY NEWS
- UK First-time buyers borrow record £10 billion from parents to get on property ladder https://www.thetimes.co.uk/article/first-time-buyers-borrow-record-10-billion-from-parents-to-get-on-property-ladder-bq2rzglxp
- The ‘eco-pods’ that run on just £5 a week housing the homeless: As winter approaches, a project building cheap modular homes to help rough sleepers is in high demand https://www.thetimes.co.uk/article/the-eco-pods-that-run-on-just-5-a-week-housing-the-homeless-s9nfqpg5f
- UK recovery ‘running out of steam’ as retail sales fall; supply crisis hits factory growth – as it happened https://www.theguardian.com/business/live/2021/oct/22/retail-sales-fall-uk-economy-growth-slowdown-pmi-ftse-sterling-interest-rates-business-live?page=with:block-617268c08f08e6050e69cb2e
- Tristan set to enter even bigger league with €2.5bn fund https://propertyeu.info/Nieuws/Tristan-set-to-enter-even-bigger-league-with-2-5b-fund/9708ad67-10de-4ab5-8e3c-74f31d08f4ea
- Revealed: the top 20 highest-paid construction plc bosses https://www.constructionnews.co.uk/financial/revealed-the-top-20-highest-paid-construction-plc-bosses-18-10-2021/
- China’s Evergrande crisis: clock ticking as crucial debt default deadline looms – A default by the property giant could have far-reaching consequences for China and global economy https://www.theguardian.com/business/2021/oct/20/china-evergrande-group-crisis-clock-ticking-as-crucial-debt-deadline-looms
- Retail Real Estate You Have To Experience To Believe https://www.propmodo.com/retail-real-estate-you-have-to-experience-to-believe/
- Pittsburgh Airport breaks ground on $1.4bn ‘tech terminal’ | Construction Projects | Construction Global https://constructionglobal.com/construction-projects/pittsburgh-airport-breaks-ground-dollar14bn-tech-terminal (pictured)
- San Francisco’s uncertain future as Mecca for startups https://m.independent.ie/business/technology/san-franciscos-uncertain-future-as-mecca-for-startups-40953841.html
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/