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:

• Local government in Ireland lacks funds, power – Council of Europe report https://m.independent.ie/regionals/cork/news/local-government-in-ireland-lacks-funds-power-council-of-europe-report/a471784602.html

 

• More than 3,500 council-owned homes vacant but Varadkar says majority are ‘for a good reason’ https://m.independent.ie/irish-news/more-than-3500-council-owned-homes-vacant-but-varadkar-says-majority-are-for-a-good-reason/a1156240818.html

 

• Compulsory purchase orders should be used to build asylum centres, report recommends https://www.irishexaminer.com/news/arid-41226649.html

 

• Mary Lou McDonald says Sinn Féin will not enter into coalition government unless party gets housing ministry https://m.independent.ie/irish-news/mary-lou-mcdonald-says-sinn-fein-will-not-enter-into-coalition-government-unless-party-gets-housing-ministry/a1509329463.html

 

• Planning permission for new homes in West dropped by 30% so far this year https://galwaybayfm.ie/galway-bay-fm-news-desk/planning-permission-for-new-homes-in-west-dropped-by-30-so-far-this-year/

 

• RTÉ should consider selling Donnybrook site if it is strapped for cash, says minister: Chair of the Oireachtas Media Committee says nothing should be off the table. https://www.thejournal.ie/rte-montrose-sale-6166756-Sep2023/

 

• Ireland’s real estate graduate pool is running dry – An extensive new property market job and salary survey by Avril Clare Recruitment reveals a wealth of job opportunity in the Irish market, but a dearth of young talent https://www.businesspost.ie/property/irelands-real-estate-graduate-pool-is-running-dry/

 

• There is an interesting conversation taking place around the language of #MMC right now, with incorrect terminology regularly being used in political discourse. Taoiseach: “I tend not to use the term rapid build for that reason, I think modular, new methods of construction or modern methods of construction is a better description…” https://www.irishtimes.com/ireland/2023/09/10/taoiseach-concedes-refugees-may-be-housed-in-tents-during-winter-months/ 

 

• Ten key statistics from Forest Statistics – Ireland 2023 include: https://www.gov.ie/en/publication/d2909-top-ten-forestry-facts/

 

• Share of Irish women in CEO positions rises to 19% as latest figures reveal ‘room for improvement’: New figures show the number of women in senior roles is on the rise, except for when it comes to CFOs https://www.irishexaminer.com/business/companies/arid-41224135.html

 

• Owner, trainer, sponsor: Who is Luke Comer, the billionaire businessman hit with three-year ban from racing? https://m.independent.ie/sport/horse-racing/owner-trainer-sponsor-who-is-luke-comer-the-billionaire-businessman-hit-with-three-year-ban-from-racing/a1478936064.html Also: Billionaire Luke Comer says he is ‘entirely innocent’ of horse doping charges – Property mogul to appeal racing ban as investigators probe contamination https://m.independent.ie/irish-news/billionaire-luke-comer-says-he-is-entirely-innocent-of-horse-doping-charges/a634749063.html 

 

• Very Important Pets: 10 dog friendly hotels around Ireland https://www.rte.ie/lifestyle/travel/2023/0911/1404640-very-important-pets-10-dog-friendly-hotels-around-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. 

 

 

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

We are excited to share the growth of iPropertyRadio! What started as #PropertyMatters, a 60-minute weekly show on Dublin South FM 93.9FM over 4 years ago, has now evolved into a global online station for the best construction, urban planning, property and proptech content. Check out our website, iPropertyRadio.com, brought to you by Hear Me Roar Media for live and recorded access to all the week’s built environment news. 

Do you want to have your industry podcast included or be a guest on our shows? Reach out to us at hello@ipropertyradio.com. Last year, we hit a massive 7.5 million digital impressions across our brands and this figure is growing – in June 2023, for the first time since we emerged from the pandemic lockdown, monthly ORGANIC digital impressions across Property District’s owned construction and real estate brands exceeded one million (*1,009,883*) – up from a monthly average of 765,876 in Q1! Huge thanks to all of you for your continued support!

Be sure to subscribe to the podcast and check out all of the other real estate and construction shows on  https://ipropertyradio.com/shows/

This week on iPropertyRadio… 

 

#Property Roundup

 

On #PropertyRoundup this week, we chat to Alicia Greene, Flex Office Space Consultant, about the launch of Knight Frank Ireland’s new service ‘Flexible Office Solutions’, a free service for businesses, that will source flexible office space for start-ups and scaling companies, giving them the agility to grow without committing to long-term leases or investing in expensive fitouts.

For more information click here- https://www.knightfrank.ie/commercial/flexible-office-solutions

 

 

Also this week, we are joined by Sarah McInerney, recent solo first time buyer, who shares her experience of getting a mortgage (“it shouldn’t be this difficult!”), buying through auction and availing of the Living City Initiative (LCI).

There is plenty to inspire would-be homebuyers in this interview!

Produced by Katie Tallon, with Hear Me Roar Media on sound https://hearmeroarmedia.com/

Watch/listen back: https://ipropertyradio.com/

*Property Roundup is sponsored by Irish Property District, your industry communications partner: https://propertydistrict.ie

 

 

 

 

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

• Ag crúthú Luach Sóisialta  Trí Comhforbairt Áite (Creating Social Value Through Placemaking) 👉https://placeengage.com/ag-cruthu-luach-soisialta-tri-comhforbairt-aite/ 

 

• Dublin park voted named as one of the most relaxing places in the world https://lovindublin.com/news/dublin-park-voted-named-as-one-of-the-most-relaxing-places-in-the-world

 

• Swords locals outrage as mediaeval well covered up for construction of cultural quarter – They claim that the council gave no consultation on the discovery and covered it up https://www.dublinlive.ie/news/dublin-news/swords-locals-outrage-medieval-well-27710702.amp

 

• Fears of legal repercussions were expressed when councillors in the Tuam area decided to rezone lands – previous earmarked for residential purposes – for recreation and amenity needs. https://connachttribune.ie/rezoning-renders-tuam-land-worthless/

 

• Next phase of greenway ‘to advance to the construction stage’ in Kilkenny https://www.ireland-live.ie/news/kilkenny-live/1294383/next-phase-of-greenway-to-advance-to-the-construction-stage-in-kilkenny.html

 

• A simple but brilliant concept changing Irish towns, and their streets of empty shops, for the better: The multilayered, fascinating, Hometown Architect project, is drawing out the untapped resources of towns such as Aughrim and Lisdoonvarna https://www.irishtimes.com/property/2023/09/17/a-simple-but-brilliant-concept-changing-irish-towns-and-their-streets-of-empty-shops-for-the-better/

 

• Decision by An Bord Pleanála to block section of greenway welcomed by Birdwatch Ireland – Planning agency agreed that Drogheda to Mornington section of Boyne Greenway would have detrimental impact on migratory seabirds https://www.irishtimes.com/environment/2023/09/15/decision-by-an-bord-pleanala-to-block-section-of-greenway-welcomed-by-birdwatch-ireland/

 

• ‘Emotions are high’: Kildare locals concerned over development of lands at Castletown House – Minister of State calls on new owners to engage with OPW as restricting access to ‘national asset’ would create ‘a huge dilemma’ https://www.irishtimes.com/ireland/2023/09/12/emotions-are-high-kildare-locals-concerned-over-development-of-lands-at-castletown-house/ OPW halts plan for temporary car park at Castletown House- Locals fear development could negatively impact biodiversity and add to traffic issues in Celbridge https://www.irishtimes.com/ireland/2023/09/13/opw-halts-plan-for-temporary-car-park-at-castletown-house/ 

 

• Towns and villages in Kildare break records for population statistics https://www.kildarenow.com/news/home/1297875/towns-and-villages-in-kildare-break-records-for-population-statistics.html

 

• Kildare cathedral marks 800th anniversary of its construction on Sunday https://www.leinsterleader.ie/news/home/1297355/kildare-cathedral-marks-800th-anniversary-of-its-construction-on-sunday.html

 

• Vacancy the key issue affecting Longford housing- Senior Minister https://www.shannonside.ie/news/vacancy-the-key-issue-affecting-longford-housing-senior-minister-229644

 

• Tipperary auctioneer reveals this town needs at least 150 new houses to be built annually https://www.tipperarylive.ie/news/home/1297289/tipperary-auctioneer-reveals-this-town-needs-at-least-150-new-houses-to-be-built-annually.html

 

• Essential to preserve ‘legacy’ of Great Blasket island, says Varadkar during first visit https://www.breakingnews.ie/ireland/varadkar-essential-to-preserve-irreplaceable-legacy-of-great-blasket-island-1524868.html

 

• Finn Harps must raise €700,000 for new stadium work https://www.ireland-live.ie/news/donegal-live/1293685/finn-harps-must-raise-700-000-for-new-stadium-work.html

 

CONSTRUCTION, MMC & DEVELOPMENT NEWS

• Darragh O’Brien tells Cabinet that the Government will hit or exceed its target for new homes this year: First-time buyer mortgage approvals are up almost 23% this year compared to 2022. https://www.thejournal.ie/government-housing-targets-2023-6167852-Sep2023/

 

• Housing completions improve to meet demand while mortgage drawdowns decline: In the first six months of the year there were 20,389 mortgage drawdowns, a 7% decline year-on-year, mainly due to the significant drop in switching activity, said the BPFI https://www.irishexaminer.com/business/economy/arid-41224258.html

 

• Dublin councils need to ‘step up’ providing sites for modular homes https://www.breakingnews.ie/ireland/dublin-councils-need-to-step-up-providing-sites-for-modular-homes-1525700.html

 

• John Fleming rebuilds his fortune with modular – resurrection of John Fleming from the ashes of the Irish property crash reached another milestone last year when the Cork builder drew a maiden dividend from Vision Modular Systems, his offsite company https://www.thetimes.co.uk/article/john-fleming-rebuilds-his-fortune-with-modular-return-9sfjpn6c3

 

• Home Truths: How 28 hours in China show us how to solve our apartment famine in one day https://m.independent.ie/opinion/comment/home-truths-how-28-hours-in-china-show-us-how-to-solve-our-apartment-famine-in-one-day/a730346995.html

 

• How to put to bed the eternal student housing crisis – Government funding for student accommodation schemes is encouraging, but we need to do much more to resolve the university accommodation crisis https://www.businesspost.ie/property/how-to-put-to-bed-the-eternal-student-housing-crisis/

 

• Land sales  picking up pace in Cork after three year covid-19 lull and other pressures – Though still in a housing crisis, we have done remarkably well to navigate the challenges of the last three years, writes James O’Donovan https://www.irishexaminer.com/property/commercial/arid-41225719.html

 

• New technique simplifies the construction process for complex materials https://www.engineersireland.ie/Engineers-Journal/Electrical/new-technique-simplifies-the-construction-process-for-complex-materials

 

• Three questions: Boosting concrete’s ability to serve as a natural ‘carbon sink’ https://www.engineersireland.ie/Engineers-Journal/Civil/three-questions-boosting-concretes-ability-to-serve-as-a-natural-carbon-sink

 

• Unite trade union members protest at dismissal of workers by construction firm: Union claims sackings an act of ‘union busting’ and demands that the four employees be reinstated https://www.irishtimes.com/business/work/2023/09/11/unite-trade-union-members-protest-at-dismissal-of-workers-by-construction-firm/

 

• Developer in ‘significant financial difficulty’ asks families to pay €60,000 on top of agreed sale price to finish homes: More than a dozen people who signed up to buy new houses in Co Meath estate affected https://m.independent.ie/irish-news/developer-in-significant-financial-difficulty-asks-families-to-pay-60000-on-top-of-agreed-sale-price-to-finish-homes/a284592304.html

 

• Richmond Homes seeks €11.5m for ready-to-go residential site in Foxrock. Brighton Road holding has full planning permission in place for development of 57 homes https://www.irishtimes.com/property/commercial-property/2023/09/13/richmond-homes-seeks-115m-for-ready-to-go-residential-site-in-foxrock/

 

• Plans for 142-bedroom hotel within grounds of Howth Castle put on hold following appeal: Under the plans, the existing Deer Park Hotel will be completely demolished and replaced with the new building. https://www.thejournal.ie/planning-permission-howth-6165946-Sep2023/

 

• South Dublin housing scheme faces opposition – Ardstone planning 636 homes in Milltown https://www.irishtimes.com/business/2023/09/12/south-dublin-housing-scheme-faces-opposition/

 

• Dublin 4 site with scope for 23 homes guiding at €3.5m: 0.74-acre Gilford Road holding is occupied currently by office building and 33-space surface car park https://www.irishtimes.com/property/commercial-property/2023/09/13/dublin-4-site-with-scope-for-23-homes-guiding-at-35m/

 

• A very positive development’: Council approval paves way for 70-house scheme in Cork town. The homes are expected to be completed in approximately 18 months https://www.echolive.ie/corknews/arid-41226712.html

 

• Drive-thru included in key five acre Carrigaline mixed use town centre site being sold by Aldi: German discounter to open in time for Christmas spending spree – and aims to pocket €2.9m or more from selling balance of land it acquired in town centre https://www.irishexaminer.com/property/commercial/arid-41225380.html

 

• Corrib Great Southern owners claim ‘hands tied’ by Galway City Council https://connachttribune.ie/corrib-great-southern-owners-claim-hands-tied-by-galway-city-council/

 

• Planning granted for Kinvara housing estate https://www.galwaydaily.com/news/planning-granted-for-kinvara-housing-estate/

 

• New housing estate planned for the outskirts of Limerick town https://www.limerickleader.ie/news/home/1296005/new-housing-estate-planned-for-the-outskirts-of-limerick-town.html

 

• Swift summer progress made at North Quays site on Kilkenny-Waterford border https://www.waterfordlive.ie/news/local-news/1295916/swift-summer-progress-made-at-north-quays-site-on-kilkenny-waterford-border.html

 

• Motor home park and surf club planned for seaside location in Waterford https://www.ireland-live.ie/news/waterford-live/1298861/motor-home-park-and-surf-club-planned-for-seaside-location-in-waterford.html

 

• County Council given green light for expanded Kildare Innovation Campus: The plan could contribute €5 billion to the economy when fully operational. https://www.thejournal.ie/kildare-innovation-campus-expansion-6166195-Sep2023/

 

• MSD Ireland creating 670 jobs as part of €1billion investment in Carlow and Dunboyne sites https://kclr96fm.com/msd-ireland-creating-670-jobs-as-part-of-e1billion-investment-in-carlow-and-dunboyne-sites/

 

• Over 30 new homes planned for Caragh village https://www.ireland-live.ie/news/kildare-live/1295016/kildare-over-30-new-homes-planned-for-caragh-village.html

 

• Changes planned to buildings on grounds of Kilkea Castle https://www.leinsterleader.ie/news/home/1297823/kildare-changes-planned-to-buildings-on-grounds-of-kilkea-castle.html

 

• Plans lodged for 352 unit housing development in Rathnew https://wicklownews.net/2023/09/plans-lodged-for-352-unit-housing-development-in-rathnew/

 

• First 20 modular homes to be ready in two weeks https://www.westmeathindependent.ie/2023/09/13/first-20-modular-homes-to-be-ready-in-two-weeks/

 

• Developer seeks planning extension for 166 homes in Blackrock, Dundalk: SHD planning granted in 2019 by An Bord Pleanála https://www.dundalkdemocrat.ie/news/home/1298021/developer-seeks-planning-extension-for-166-homes-in-blackrock.html

 

• New Large-scale Residential Development in Ardee to go ahead: Large-scale Residential Development to go ahead in Ardee https://www.ireland-live.ie/news/louth-live/1299266/new-large-scale-residential-development-in-ardee-to-go-ahead.html

 

• Aldi planning to develop €6.8 million north Longford store and create 30 new jobs https://www.longfordleader.ie/news/home/1296243/aldi-planning-to-develop-6-8-million-north-longford-store-and-create-30-new-jobs.html

 

• Permission granted for 8 apartments in Ballyhaise https://www.northernsound.ie/news/permission-granted-for-8-apartments-in-ballyhaise-222358

 

• Profit & Loss: John Paul Construction builds on solid year https://www.businesspost.ie/news/profit-loss-john-paul-construction-builds-on-solid-year-and-pandox-enjoys-jurys-revenue-boost/

 

• Shares in US company soar after approach by Kingspan over tie-up: Despite ​Carlisle turning down the move, the firm is said to still be open to a possible deal https://m.independent.ie/business/irish/shares-in-us-company-soar-after-approach-by-kingspan-over-tie-up/a365122589.html Also: Kingspan signals its ambition with spurned approach for $13bn US group: Replicating the US model of bundling roofing and insulation must be the short-term target of Irish group’s expanding roofing business https://www.irishtimes.com/business/2023/09/16/kingspan-signals-its-ambition-with-spurned-approach-for-13bn-us-group/ 

 

• Grafton Group expands Irish footprint with acquisition of Rooneys Homevalue https://m.investing.com/news/stock-market-news/grafton-group-expands-irish-footprint-with-acquisition-of-rooneys-homevalue-93CH-3174163?ampMode=1

 

• Glenveagh chief sees ‘dramatic progress’ with planning system that is ‘starting to function’ – CEO of one of the country’s largest homebuilders says Government is ‘getting there’ in tackling the housing crisis https://www.irishtimes.com/business/2023/09/14/builder-glenveaghs-house-completions-rise-30-as-planning-momentum-improves/

 

• CRH could be worth €62bn if valued like US peers, says activist investor boss – The building materials firm, currently worth €39bn, is moving its primary listing to New York https://m.independent.ie/business/world/crh-could-be-worth-62bn-if-valued-like-us-peers-says-activist-investor-boss/a1699482075.html

 

• JJ Rhatigan & Company Earns Coveted Spot Among Deloitte’s Best Managed Companies https://www.irishrealestate.news/jj-rhatigan-company-earns-coveted-spot-among-deloittes-best-managed-companies/

 

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

 

• Minimizing Wood Waste by Respecting Its Natural Form Through AI https://www.archdaily.com/1006700/minimizing-wood-waste-by-respecting-its-natural-form-through-ai

 

• AI and the evolution of proptech – AI is being hailed as the most influential technology on the proptech scene https://www.hospitalitynet.org/news/4118142.html

 

• Robotics and automation in property – Proptech solutions provider, REdirect, explores what automation actually means in the context of the property industry and how it can benefit companies, particularly during today’s challenging economic climate. https://www.propertyreporter.co.uk/robotics-and-automation-in-property.html

 

• When To Pivot: Three Lessons From Proptech Software Development https://www.forbes.com/sites/forbestechcouncil/2023/09/13/when-to-pivot-three-lessons-from-proptech-software-development/amp/

 

• Trends In Commercial Real Estate: Amenities Drive Leasing Decisions https://www.forbes.com/sites/forbesbusinesscouncil/2023/09/15/trends-in-commercial-real-estate-amenities-drive-leasing-decisions/amp/

 

• PropTech Services launches geo-sensitive property search tool https://aimgroup.com/2023/09/11/proptech-services-launches-geo-sensitive-property-search-tool/

 

• Construction technology trends: paving the way for the future of the UK housing market https://www.pbctoday.co.uk/news/planning-construction-news/construction-technology-trends-paving-the-way-for-the-future-of-the-uk-housing-market/132449/

 

• EMV Capital leads £3.5 million investment into construction tech robotics developer https://www.international-construction.com/news/emv-capital-leads-35-million-investment-into-construction-tech-robotics-developer/8031678.article

 

• Site Technologies Raises $10M In Funding Led By Prologis Ventures https://www.bisnow.com/national/news/proptech/site-technologies-raises-10m-in-funding-led-by-prologis-ventures-120622

 

• Chilean proptech Reity is allowing people to invest in the real estate sector through property tokenization,which transforms real estate assets into digital tokens by dividing property value into smaller parts and converting them into interchangeable units https://latamlist.com/reity-allows-real-estate-investment-in-chile-through-tokens/amp/

 

ENERGY, CLIMATE & ENVIRONMENT 

• Shannon LNG: €650m gas facility refusal no threat to jobs or energy security, Eamon Ryan insists https://m.independent.ie/irish-news/shannon-lng-650m-gas-facility-refusal-no-threat-to-jobs-or-energy-security-eamon-ryan-insists/a1564144302.html Also: Planning refusal for Kerry LNG facility is ‘against’ EU policy- MEP https://www.agriland.ie/farming-news/planning-refusal-for-kerry-lng-facility-is-against-eu-policy-mep/

 

• Letters: We have a golden ticket that will secure our nation’s future https://m.independent.ie/opinion/letters/letters-we-have-a-golden-ticket-that-will-secure-our-nations-future/a1975926592.html

 

• Ill wind blows gains for wily Cork developer – Renewables mogul Michael Murnane generated vast profits during last year’s energy crisis https://www.thetimes.co.uk/article/ill-wind-blows-gains-for-wily-cork-developer-v5tf3nlf5

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• German investor pays €75m for Sutton new homes scheme: Union Investment has amassed portfolio of 735 high-end apartments across three Dublin developments https://www.irishtimes.com/business/2023/09/12/german-investor-pays-75m-for-sutton-new-homes-scheme/

 

• Making Cents: Green Mortgage = lower repayments https://www.ireland-live.ie/news/kildare-now/1299243/making-cents-green-mortgage-lower-repayments.html

 

• Mortgage relief benefit may be revived, but only for those in difficulty – Government mulls possibility of postponing fuel duty increase as it considers assistance for worst-hit mortgage holders only https://www.irishtimes.com/politics/2023/09/16/mortgage-relief-benefit-may-be-revived-but-only-for-those-in-difficulty/

 

• Minister still has concerns about ‘unintended consequences’ of Fair Deal rental income change – Butler has concerns about the premature entries into nursing homes. https://www.thejournal.ie/fair-deal-scheme-nursing-homes-rental-income-6166193-Sep2023/

 

• Budget will see new measures for hard-pressed renters and landlords https://www.irishexaminer.com/news/politics/arid-41227978.html

 

• Law-abiding renters ‘forcibly and violently’ evicted from home in Waterford over weekend https://www.waterfordlive.ie/news/home/1294975/law-abiding-renters-forcibly-and-violently-evicted-from-home-in-waterford-over-weekend.html

 

• Second homes: An investment in quality of life as opposed to just property – These homes from home follow a natural cycle, teeming with life in the high summer months before entering into hibernation for winter https://www.irishtimes.com/property/residential/2023/09/13/second-homes-an-investment-in-quality-of-life-as-opposed-to-just-property/

 

• Applications open for 22 affordable homes in west Wicklow https://m.independent.ie/regionals/wicklow/west-wicklow-news/applications-open-for-22-affordable-homes-in-west-wicklow/a2081998080.html

 

• Shock as Sligo student accommodation will be offered to the private rental market: ATU Sligo in urgent appeal to householders for student accommodation https://m.independent.ie/regionals/sligo/news/shock-as-sligo-student-accommodation-will-be-offered-to-the-private-rental-market/a1821516332.html

 

• Planning refused for extension of Healy-Rae guesthouse that houses Ukrainian refugees – Mr Healy-Rae’s company, Roughty Properties, had sought permission for a three-storey extension to Rosemont Guesthouse in Tralee https://www.irishexaminer.com/news/munster/arid-41226115.html

 

• Family living in ‘wretched’ conditions settles case against Tipperary County Council: Case struck out after couple and four children provided with four-bed house on ‘emergency basis’ https://www.irishtimes.com/crime-law/courts/2023/09/13/family-living-in-wretched-conditions-settles-case-against-tipperary-county-council/

 

• Airbnb – a double-edged sword in a never-ending housing shortage: Popularity of Airbnb only part of the reason for Mayo’s housing supply issues https://www.mayonews.ie/news/home/1294482/airbnb-a-double-edged-sword-in-a-never-ending-housing-shortage.html

 

• Tipperary property talk told: ‘SF figures don’t add up. It’s easy to shout from sidelines’ https://www.tipperarylive.ie/news/home/1294160/tipperary-property-talk-told-sf-figures-don-t-add-up-it-s-easy-to-shout-from-sidelines.html

 

• Ryanair tycoon Michael O’Leary pays €1.3m for a ‘haunted house’ https://www.thetimes.co.uk/article/ryanair-tycoon-michael-oleary-pays-1-3m-for-a-haunted-house-02kp20f96

 

• Build a new home or renovate an old property?  Kieran McCarthy offers his expert view on what to consider when deciding to either build or renovate   https://www.irishexaminer.com/property/residential/arid-41223913.html

 

• Cork planning applicants warned in-person meetings with officials will delay decisions – Applicants had complained that online meetings are drawing out the process meaning they have to pay more to their engineers and architects due to the extended timeframe https://www.irishexaminer.com/news/munster/arid-41226184.html

 

• Landlord of west Kerry property explains request for €10,000 in advance: Controversial ad for Dingle rental property has since been withdrawn https://m.independent.ie/regionals/kerry/north-west-kerry-news/landlord-of-west-kerry-property-explains-request-for-10000-in-advance/a439822008.html

 

• What will €395,000 buy in Dublin and Sligo?: Two homes, one price: A turnkey two-bed in Crumlin or a detached five-bed with workshop in Tubbercurry https://www.irishtimes.com/property/residential/2023/09/14/what-will-395000-buy-in-dublin-and-sligo/

 

• Tipperary property seminar hears of huge rise in interest from US and ex-pats buyers https://www.tipperarylive.ie/news/home/1297265/tipperary-property-seminar-hears-of-huge-rise-in-interest-from-us-and-ex-pats-buyers.html

 

• Turn your newly vacant bedroom into something more than empty space with a hobby room – Sort It: This new setting can provide a place to unwind, relax and aid in nurturing your passion for activities you enjoy https://www.irishtimes.com/property/interiors/2023/09/15/turn-your-newly-vacant-bedroom-into-something-more-than-empty-space-with-a-hobby-room/

 

• What will €395,000 buy in Cavan, France, Norway, Italy and Spain? A large detached house in Mountnugent, a bed and breakfast in La Villetelle, a waterside cabin near Oslo, an apartment in a historic house in Torino or a villa in Alicante https://www.irishtimes.com/property/residential/2023/09/15/what-will-395000-buy-in-cavan-france-norway-italy-and-spain/

 

• Chris de Burgh sells his Wicklow mansion for €9.3m after four years https://evoke.ie/2023/09/16/life-style/property/chris-de-burgh-house-sells

 

• Social Democrats leader Holly Cairns submits plans to build a home of her own on the family farm – Leader of the Social Democrats has sought planning permission for a 243sqm house in West Cork https://m.independent.ie/irish-news/social-democrats-leader-holly-cairns-submits-plans-to-build-a-home-of-her-own-on-the-family-farm/a433678485.html

 

 

COMMERCIAL PROPERTY NEWS

• Commercial landlords waiting for a correction https://www.thetimes.co.uk/article/commercial-landlords-waiting-for-a-correction-2pzw0kkcn

 

• International perspective: Return-to-office is a $1.3 trillion problem few have figured out https://www.seattletimes.com/business/return-to-office-is-a-1-3-trillion-problem-few-have-figured-out/?amp=1

 

• Is Dublin office market heading for a hard landing? Irish banks much less exposed to riskier property developments, says Central Bank  https://www.irishtimes.com/business/2023/09/12/is-dublin-office-market-heading-for-a-hard-landing/

 

• IFSC office block offers investors ‘significant discount’ at €17m guide: Number 1 Custom House Plaza is 60% occupied and generating €558,000 in net income per year https://www.irishtimes.com/property/commercial-property/2023/09/13/ifsc-office-block-offers-investors-significant-discount-at-17m-guide/

 

• Former Hibernian Club on St Stephen’s Green sells for almost €16m to Irish investor: Hibernian United Service Club has new owner after Paddy McKillen jnr pulls out of €17m purchase https://www.irishtimes.com/property/commercial-property/2023/09/13/former-hibernian-club-on-st-stephens-green-sells-for-almost-16m-to-irish-investor/?

 

• The Beckett Building is owned by a South Korean investor and leased to Meta. It has now gone into receivership: German lender Landesbank Hessen-Thüringen Girozentrale has installed Grant Thornton as receiver over the prime site in Dublin. It marks the first major commercial property receivership since the slowdown in the sector. https://thecurrency.news/articles/127996/the-beckett-building-is-owned-by-a-south-korean-investor-and-leased-to-meta-it-has-now-gone-into-receivership/

 

• Ratepayers must be on the ball as revaluations hit their bottom line https://m.independent.ie/business/commercial-property/ratepayers-must-be-on-the-ball-as-revaluations-hit-their-bottom-line/a241242693.html

 

• New rate valuation certificates posted to Mayo businesses https://www.con-telegraph.ie/2023/09/16/new-rate-valuation-certificates-posted-to-mayo-businesses/

 

• ChatGPT creator OpenAI to open Irish office – The opening of a Dublin office will mark the company’s third location worldwide https://www.irishexaminer.com/business/companies/arid-41225971.html

 

• Sale and leaseback opportunity in Tallaght’s Square hits market for €1.75m: Unit 165 comprises a fully fitted restaurant extending to 282.3 square metres and provides an investor with an immediate return of 6.5 per cent https://www.businesspost.ie/property/sale-and-leaseback-opportunity-in-tallaghts-square-hits-market-for-e1-75m/

 

• Finglas site sale could see reopening of former pub https://m.independent.ie/business/commercial-property/finglas-site-sale-could-see-reopening-of-former-pub/a540409408.html

 

• 125 year old Irish pub going for steal offering ‘chance to own business with very good turnover’ – You’d be taking over a ‘well established premises’ and it has four bed living accommodation included too all for less than €300,000 https://www.galwaybeo.ie/culture/food-drink/125-year-old-irish-pub-8747492.amp

 

• Spotlight: recent developments in asset management in Ireland https://www.lexology.com/library/detail.aspx?g=4b20b499-17b0-401d-89fb-4b710e8a36be

 

• Ross Shorten joins North’s as director in commercial division: Property industry veteran has amassed more than 40 years of experience in the Irish market https://www.irishtimes.com/property/commercial-property/2023/09/13/ross-shorten-joins-norths-as-director-in-commercial-division/

 

• Johnny shuts up shop after 50 years in hardware trade https://www.westmeathexaminer.ie/2023/09/14/johnny-shuts-up-shop-after-50-years-in-hardware-trade/

 

• CBRE appoints Daniel McLaughlin head of new division – Senior director will head up Retail and Leisure Occupier Services division, created in recognition of the growing demand for specialised advisory and transaction services in the retail sector https://www.businesspost.ie/property/cbre-appoints-daniel-mclaughlin-head-of-new-division/

 

INTERNATIONAL PROPERTY NEWS

 

• Property tax costs likely to rise sharply for Irish with second homes in France – Decision by French president Emmanuel Macron allows local councils increase their taxes on such properties by up to 60 per cent https://www.irishtimes.com/property/interiors/2023/09/09/property-tax-costs-likely-to-rise-sharply-for-irish-with-second-homes-in-france/

 

• Rents could rise more than four times as fast as house prices between the end of 2022 and the end of 2026 https://www.ireland-live.ie/news/personal-finance/1294008/rents-could-rise-four-times-as-fast-as-house-prices-across-the-years-ahead.html 

 

• Top 100 UK Construction Companies 2023: The UK’s biggest construction firms show increased turnover and massively improved profits in their latest financial accounts. But since posting those results, pressures have been mounting https://www.theconstructionindex.co.uk/news/view/top-100-construction-companies-2023

 

• British Land eyes blockbuster sale of Meadowhall https://www.thetimes.co.uk/article/british-land-to-sell-meadowhall-in-750m-deal-pb7mg56mt

 

• Global: China’s economy shows some signs of stabilising but property slump threatens outlook https://www.rte.ie/news/business/2023/0915/1405415-chinese-economic-data/