Sunday Property Round-Up October 3rd, 2021

 

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: 

 

 

 

 

 

  • Nama warns ‘soaring construction costs’ undermining viability of building new homes: Nama is also set to tell the Public Accounts Committee that it cannot stop cuckoo funds buying properties as it is legally required to accept the highest bid  https://www.irishexaminer.com/news/politics/arid-40709645.html

 

  • Also: NAMA is paying €250m to the exchequer today with the same amount to be paid over in December as the agency edges towards its final winding up. The two final payments in 2021 plus earlier payments and corporate tax payments will mean a total of €3.4bn will have been paid by the end of this year. Additional transfers totalling €1.25bn will be made in coming years https://m.independent.ie/business/nama-to-pay-500m-to-the-state-by-year-end-40903606.html

 

 

 

 

 

 

 

 

 

 

 

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!)

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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.

 

Property Matters, S.4Ep.3: 28th September 2021: Property price hikes & digital construction update

This week on #PropertyMatters iPropertyRadio.com, hosts Bryan Fox and Carol Tallon are joined by REA spokesperson Barry McDonald and PJ Rudden, Chair of the Construction Sector Group for Innovation & Digital Adoption to discuss Ireland’s house prices and initiatives to transform the construction sector.

 

  1. Part 1 – REA House Price Report: https://youtu.be/mRL57TAdrxs

 

 

  1. Part 2 – Digital Construction & Innovation: https://youtu.be/OCl68HyAsMM

 

 

*Listen back to this and all shows at: https://ipropertyradio.com  

*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

public art for placemaking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 (pictured above)

 

 

*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

Michael O'Flynn developer

 

*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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • New lender says SME developers can plug gap in housing delivery: The founder of Ardcairn Capital plans to fund 10,000 homes in Ireland over the next five years https://www.businesspost.ie/houses/new-lender-says-sme-developers-can-plug-gap-in-housing-delivery-2f4e27d6

 

 

 

 

 

 

  • JJ Rhatigan & Company Appoints New CEO: “Following a period of substantial growth over the past five years that has seen JJ Rhatigan & Company deliver in excess 3,500 private and social homes, 12,000 school places, 9 new third-level campus facilities, 2,000 student accommodation bedrooms, close to 1,300 hotel bedrooms, 16 healthcare facilities, and over 40,000m2 of office and commercial space, the building contractor is expanding its senior team to deliver on an ambitious pipeline of future projects…” https://www.irishrealestate.news/jj-rhatigan-company-appoints-new-ceo/ (pictured below)

 

JJ Rhatigan & Co

Photo (l-r): Ger Ronayne & Padraic Rhatigan

 

 

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 * 

 

 

 

 

 

 

 

  • Property Industry Urged to Embrace Proptech to Enhance Customer Service – PropertyWire https://www.propertywire.com/news/property-industry-urged-to-embrace-proptech-to-enhance-customer-service/

 

 

 

 

 

 

(pictured above)

 

 

 

 

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

 

 

  • More than 100,000 new and previously exempt properties, most of which were built after May 2013, will be brought into the tax bracket and become liable for Local Property Tax (LPT) on 1 November.  https://amp.rte.ie/amp/1249328/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Bartragh Island in Co Mayo sells for more than €1.1 million: The new owner is believed to be planning to restore a derelict Georgian house on the island as well as creating an environmentally sustainable farming enterprise  https://www.businesspost.ie/commercial/bartragh-island-in-co-mayo-sells-for-more-than-eur11-million-85fcafe9

 

 

 

COMMERCIAL PROPERTY NEWS

 

 

 

 

 

 

 

 

  • Potential Restaurant Property In Union Hall, Co. Cork, Hits The Market  https://www.hospitalityireland.com/amp/restaurant/potential-restaurant-property-in-union-hall-co-cork-hits-the-market-147801

 

 

  • Pepper Ireland said it will restart offering new commercial loans in the Irish market in a response to more favourable market conditions and new emerging opportunities in the market.  https://amp.rte.ie/amp/1249444/

 

 

 

 

 

  • Mayo portfolio of units achieves top price at BidX1 auction – The online sale witnessed a number of industrial and mixed-use properties change hands for well in excess of their guide prices  https://www.businesspost.ie/commercial/mayo-portfolio-of-units-achieves-top-price-at-bidx1-auction-a93a98df

 

 

INTERNATIONAL PROPERTY NEWS

 

 

 

 

 

 

 

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

Crowd-sourcing answers topical property questions:    

Irish Property Buyers Handbook annuals

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/

 

 

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crisis communications, PR & Marketing Ireland

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