Weekly Irish property market news and insights – for the industry, by the industry  

It’s our final Sunday Property Roundup of 2023, thank you for your support throughout the year – we wish you all a peaceful and prosperous new year, best wishes for 2024! We are ending the year with an average of 1.5+ million digital impressions PER MONTH across our brands, including iPropertyRadioIrish Real Estate and Breaking Ground: Ireland’s Construction Hub, which is huge for this industry. Thank you 

2023 in review – Most read industry stories over the past quarter

  1. Glenveagh waiting more than 600 days for An Bord Pleanála decisions: More than 22,000 homes in strategic housing developments that are designed to fast track delivery of homes remain stuck in the planning process due to backlogs at the board https://www.irishtimes.com/ireland/housing-planning/2023/12/26/glenveagh-waiting-more-than-600-days-for-an-bord-pleanala-decisions/
  2. St Stephen’s Green shopping centre to be replaced as Council approves €100m redevelopment https://www.breakingnews.ie/business/st-stephens-green-shopping-centre-to-be-replaced-as-council-approves-e100m-redevelopment-1565296.html
  3. Ballymore property group subsidiary reports loss of €2.9m – Accumulated losses of almost €90m at Ballymore Properties Ireland Ltd at end March 2023, latest accounts show https://www.irishtimes.com/business/2023/12/27/ballymore-property-group-subsidiary-reports-loss-of-29m/
  4. Tycoon lands €20m Dublin 4 site as part of investment spree – Project Vista, which is a 1.18-hectare site, includes an existing office building of 8,036 sq m, 201 car parking spaces and additional unused land https://www.businesspost.ie/news/tycoon-lands-e20m-dublin-4-site-as-part-of-investment-spree/
  5. First-time buyers are drawing down mortgages at a level not seen since the boom: One difference observed during the year was an increase in the number of FTBs purchasing second-hand apartments coming on the market due to the exodus of landlords https://www.irishexaminer.com/property/residential/arid-41298208.html
  6. Allow developers to convert Dublin offices into co-living units, says Grayling Properties boss: Peter Horgan argues that amending the rules on conversions could help developers deliver more residential accommodation in city centre https://www.businesspost.ie/news/allow-developers-to-convert-dublin-offices-into-co-living-units-says-grayling-properties-boss/
  7. €3 billion programme: DAA and Turner & Townsend announce integrated delivery partnership https://www.irishrealestate.news/e3-billion-programme-dublin-airport-authority-daa-and-turner-townsend-announce-an-integrated-delivery-partnership/ 
  8. Coastal Wexford property with Martello tower offers chance to buy a piece of Irish history: Round tower property boasting incredible sea views is in need of complete renovation https://m.independent.ie/regionals/wexford/new-ross-news/coastal-wexford-property-with-martello-tower-offers-chance-to-buy-a-piece-of-irish-history/a1892239407.html
  9. Commercial property investors ‘handing back the keys’ to office properties https://www.irishtimes.com/business/2023/10/15/commercial-property-investors-handing-back-the-keys-to-office-properties/
  10. [We were surprised to see the stats on this, 10th highest for reach/impressions and 7th highest for engagement!] – Spencer Matthews and Vogue Williams move into lavish new Dublin home after selling London pad for £6m and second Irish home for £1.1m https://www.dailymail.co.uk/tvshowbiz/article-12886039/amp/Slimmed-Spencer-Matthews-Vogue-Williams-lavish-new-Dublin-home-selling-London-pad-6m-second-Irish-home-1-1m.html

Ireland on the international stage:

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: 

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 – iProperty Radio

In January, iProperty Radio celebrates 5 years of broadcast! What started as a one-hour radio show for the industry, airing live from Dublin every week, is now the global hub for radio shows, podcasts and video interviews focusing on the built environment. 

By embracing creation, rather than fearing competition, we brought some of the very best industry content together in one place and the channel now features shows on resi and commercial real estate, proptech, construction, sustainability and placemaking, from Ireland, the UK, Mainland Europe, America and Australia – the uniting theme is one of innovation and a shared mission to spread interesting ideas that have the potential to transform the built environment for the better. 

*New Construction Leaders series for 2024*

Producer Katie Tallon and all the team at Property District are excited to unveil the new Construction Leader series on ‘Breaking Ground’ for 2024 – we look forward to hearing from the visionaries and changemakers shaping our skylines and serving communities (there will be a special focus on recruitment challenges and attracting new talent into the industry).

Huge thanks to all of the show hosts, production teams, expert guests, brave innovators who dare to do things differently, and a special word of thanks to YOU the industry for demonstrating your support though every view, listen and download – we appreciate every single one! 

Catch up on shows you might have missed this year as follows:

  1. Property Roundup’, Ireland’s weekly flagship show, sponsored by Daft.ie (Listen here: https://ipropertyradio.com/property-roundup/)
  2. ‘The Propcast’, exploring all things innovation for the built environment, by Louisa Dickins and the LMRE team (Listen here:  https://ipropertyradio.com/the-propcast/)
  3. ‘Behind the Facade’ with Gavin J Gallagher delves into the often overlooked but critically important mental and emotional game of real estate (Listen here: https://ipropertyradio.com/behind-the-facade/
  4. ‘America’s Commercial Real Estate Show’, hosted by Michael Bull,  (Listen back: https://ipropertyradio.com/americas-commercial-real-estate-show/)
  5. ‘Proptech Hot Seat’, featuring a host of innovative founders, showcasing products, services and ideas to drive improvement across the industry, sponsored by Proptech Ireland  (Listen here: https://ipropertyradio.com/proptech-hot-seat/)
  6. ‘The Second Studio’ deals with design, architecture, and the everyday in a uniquely surprising way. Hosted by Architects David Lee and Marina Bourderonnet (Listen back: https://ipropertyradio.com/the-second-studio-podcast/)
  7. ‘Zero Ambitions’ is a podcast about sustainability, the built environment, and zero-carbon goals, expertly hosted by Jeff Colley, Alex Blondin, Dan Hyde (Listen back: https://ipropertyradio.com/zero-ambitions-podcast/)
  8. ‘The Proptech Podcast’ hosted by the ever-curious Kylie Davis explores human-centric innovation in real estate and the property industry, with a focus on the Australian marketplace (Listen back: https://ipropertyradio.com/proptech-podcast/)
  9. ‘Time & Materials’  is a construction podcast powered by Ciaran Brennan and the LiveCosts.com team, talking about the real issues that are impacting the industry on the ground (Listen back: https://ipropertyradio.com/time-materials-podcast/
  10. ‘If the walls could talk’, WiredScore’s Smart Building series with Arie Barendrecht & Jules Barker (Listen here: https://ipropertyradio.com/wiredscore/)
  11. ‘Breaking Ground’, hearing from Ireland and the UK’s construction leaders, sponsored by PLACEengage (Listen here: 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

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. 

CONSTRUCTION, MMC & DEVELOPMENT NEWS

PROPTECH, ESG & CONSTRUCTION INNOVATION

  • Proptech Ireland is updating the database of 2024 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

ENERGY, CLIMATE & ENVIRONMENT  

RESIDENTIAL PROPERTY NEWS (including PRS)

COMMERCIAL PROPERTY NEWS

INTERNATIONAL PROPERTY NEWS

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/

How to buy property in ireland