Sunday Property Round-Up, September 1st, 2019

 

Before we get stuck into the general property news of the week, below are a few local and international stories that might be of particular interest: 

 

 

  • One of the highlights of reading through today’s broadsheets today was coming across Pat Farrell’s opinion piece in The Sunday Business Post headed: ‘Big investors are the heroes, not villains of housing crisis’. While I personally believe that we need to move away from terms like ‘heroes’ or ‘villains’, he points out many market realities that tend to go frustratingly unnoticed or unsaid. For example, the chief executive of Irish Institutional Property (IIP) reminds readers that homeownership rates in Ireland have been falling since the 1990’s, long predating institutional investment at scale. Also, “the July announcement from the Residential Tenancies Board that the number of private rental tenancies fell by 2 per cent, or by 6,000, to 307348 in 2018 clearly shows purchases by institutional investors are barely compensating for small buy-to-let investors selling up”.  Link to the full article here: https://www.businesspost.ie/opinion/big-investors-heroes-not-villains-housing-crisis-451307 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Why GDPR Could Be A Catalyst for Innovation in 2019 and beyond – Irish Tech News https://irishtechnews.ie/why-gdpr-could-be-a-catalyst-for-innovation-in-2019-and-beyond/amp/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • And, given this business was born in Kerry a decade and a half ago – before relocating to Dublin – I could not let the afternoon pass without sharing the image below from the Sunday Independent today:

 

 

 

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@caroltallon.com.

 

 

(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 (& Podcast!):

Ireland’s first weekly property radio show, Property Matters, launched In January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com). Seasoned political broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from the areas of planning, construction, property and proptech. Produced by Katie Tallon of Hear Me Roar Media.

 

 

In the Property Matters studio this week, we were joined by Paddy Conlon from CBRE to talk about the upcoming CBRE International Proptech Challenge competition; and Stephen O’Sullivan of PPN Dublin to talk about the current marketplace for private investors. 

 

Listen back to this episode here: https://anchor.fm/ipropertyradio/episodes/Property-Matters–August-27th-2019-e54sht

 

 

*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio

 

Email the Property Matters team at hello@iPropertyRadio.com

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Residents of Abington Estate in Malahide are up in arms about plans for a modern, Huf Haus (flat timber and glass design) in the Georgian-styled, exclusive enclave. 

 

 

 

 

OTHER PROPERTY NEWS

 

 

 

 

 

  • One of the lead business stories in the Independent, by Michael Cogley, reports that ‘Fire safety moves threaten developments’. This refers to the proposed changes to apartment standards in Ireland, which could add €4,000 to the cost of a new apartment, including extended corridors, mandatory sprinkler systems and any cooking appliances may need to be three metres at least from the escape route.

 

 

 

  • The same journalist reports that Dundrum Town Centre owners have revealed their plans for more than 100 new apartments near the centre.

 

 

 

  • Also in the Independent today, Vanguard Health Services International has now submitted plans for a new 40-bed hospital and primary care centre in Swords.    

 

 

 

  • One of the lead business stories in The Sunday Times today reports that Ardstone Capital looks set to acquire part of the Jesuit site in Milltown  – 10.5 acres for €65m.

 

 

 

  • Also in the Times, Gavin Daly reports that BTR investors (15) have purchased almost 12,000 houses and apartments in the first half of the year, total value €898m.

 

 

 

  • In the property supplement of The Irish Times today, Janine Thomas has a feature on downsizing (I think the PC term is now ‘right-sizing…). There is plenty of food for thought and some early steps to take to assess if this is the right move for you.

 

 

 

  • In The Sunday Business Post today, Roisin Burke reports that ‘Richmond Homes to pay €42m for north Dublin site with potential for 1,700 homes’. This refers to Project Shoreline (first reported in the context of Seamus Ross).

 

 

 

  • Niamh Horan, writing in The Sunday Independent, shares Harry Crosbie’s vision for reclaiming land in Dublin Bay to provide homes for 65,000+ people. The pull quote reads “If Haughey was alive, I’d be out pumping sand today”. (below)

 

 

 

 

 

  • Also in the SBP today: Glenveagh calls for the help-to-buy scheme to be retained in Budget 2020; Cork developer Joe O’Donovan sues Nama, the IBRC and Oaktree; three major investment firms (including Goldman Sachs) have increased their stakes in Cairn Homes;  Donal Buckley reports that ‘Guide prices slump in BidX1 auction: Quotes are down by 23 per cent on earlier this year…’.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE AGILE AGENT

 

GETTING IRELAND’S PROPERTY MARKETPLACE DIGITAL BY DEFAULT

 

The Agile Agent is a 12-month digital transformation programme for independent Irish estate agents and auctioneers, which runs from September – August. This programme will be delivered by a multi-disciplinary Irish and UK team and will go beyond proptech adoption to help agents get their industry digital by default.

 

 

 

 

 

 

 

To get involved and for free Proptech Prompts, please

*SIGN UP HERE *

 

 

 

PROPTECH AND CONSTRUCTION INNOVATION

 

 

  • From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based #proptech 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 * 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • WHAT’S ON: Upcoming events you need to know about | Real Estate Weekly https://rew-online.com/2019/08/whats-on-upcoming-events-you-need-to-know-about/

 

 

 

 

 

 

 

 

 

  • PropTech firm wants to clean up image of Modern Method of Auction … https://www.estateagenttoday.co.uk/breaking-news/2019/8/modern-method-of-auction-firm-bids-to-transform-sectors-negative-image?source=newsticker

 

 

 

 

 

 

 

 

 

 

 

 

 

NEW 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 will now appear as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here.

 

From 2019, the publishers and I want to ensure the content remains topical and we are 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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