Sunday Property Round-Up July 3rd , 2022

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: 

• Dublin among world’s top 50 most expensive cities for expats: Capital remains ‘attractive location’ for foreign talent despite high demand for housing  https://www.irishtimes.com/business/2022/06/29/dublin-among-worlds-top-50-most-expensive-cities-for-expats/

• Irish properties outperform Europe with €2bn worth of deals in the second quarter of 2022  https://m.independent.ie/business/commercial-property/irish-properties-outperform-europe-with-2bn-worth-of-deals-in-the-second-quarter-of-2022-41807921.html

• Foreign investment in Ireland hits record €1.1 trillion with 25 firms accounting for two-thirds of it: CSO data highlights massive inward investment in Ireland over last 10 years  https://www.irishtimes.com/business/economy/2022/06/27/foreign-investment-in-ireland-hits-record-11-trillion-with-25-firms-accounting-for-two-thirds-of-it/

• A general introduction to real estate investment taxation in Ireland  https://www.lexology.com/library/detail.aspx?g=254480bb-77f7-49b8-9f12-dd6accb5de2b

• Housing Commission launches Public Consultation on a Referendum on Housing in Ireland  https://www.gov.ie/en/press-release/daa14-housing-commission-launches-public-consultation-on-a-referendum-on-housing-in-ireland/

• FactCheck: Are there 16 vacant homes for every homeless person in Ireland? The claim was made by Cian O’Callaghan last week.  https://www.thejournal.ie/factcheck-16-vacant-homes-per-homeless-person-ireland-5801978-Jul2022/?amp=1

• Politicians are signalling that they intend to pass legislation which will undermine the right of a landlord to reclaim their property with vacant possession  https://www.irishtimes.com/property/residential/2022/06/28/if-we-buy-an-apartment-in-ireland-and-rent-it-out-would-we-be-able-to-ask-tenants-to-leave-if-we-return-to-live-in-it/

• Housing associations to warn rising costs a threat to delivery of social housing: Oireachtas committee to hear that small builders are being squeezed by escalating inflation  https://www.irishtimes.com/ireland/housing-planning/2022/06/28/housing-associations-to-warn-rising-costs-a-threat-to-delivery-of-social-housing/

• Property lender Onate approves over €19m of loans in Cork  https://www.thecork.ie/2022/07/01/property-lender-onate-approves-over-e19m-of-loans-in-cork/

• Call-out for trades as RTE’s DIY SOS team back in Cork as they tackle “biggest project to date”: “It’s a challenging but exciting time for Baz and the purple team to come together and give back to the community for their biggest task yet”  https://www.corkbeo.ie/news/local-news/call-out-trades-rtes-diy-24346644

• Airbnb makes party ban permanent: Huge drop in complaints since rule change in 2020 lockdown  https://www.thetimes.co.uk/article/airbnb-makes-party-ban-permanent-rlxb2wctx

• The second coming of Moralltach: the man, the plan and the money: John Kieran Brennan is undeterred by allegations of impropriety and a failed attempt to float his company on the stock exchange. Instead, the former Wexford property developer turned business mogul says the best is yet to come  https://www.businesspost.ie/news-focus/the-second-coming-of-moralltach-the-man-the-plan-and-the-money/

• Gas Networks Ireland to build Ireland’s first large-scale renewable gas injection facility in Cork: Investment into renewable gas project worth €30m  https://www.techcentral.ie/gas-networks-ireland-to-build-irelands-first-large-scale-renewable-gas-injection-facility-in-cork/

• Tony Kilduff leads the charge to build biggest battery storage plant: The 290MW project on ten acres in Meath could cost up to €400 million  https://www.thetimes.co.uk/article/tony-kilduff-leads-the-charge-to-build-biggest-battery-storage-plant-xwq36vkfr

• Report outlines challenges in implementing EU law in Irish forestry sector  https://www.agriland.ie/farming-news/report-outlines-challenges-in-implementing-eu-law-in-irish-forestry-sector/

• Pallonji Mistry, the Indian-born billionaire and Irish citizen whose engineering empire built luxury hotels, stadiums, palaces and factories across Asia has passed away in Mumbai. He was 93.  https://www.irishexaminer.com/business/economy/arid-40905470.html

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

What started as #PropertyMatters, a single 60-minute show on Dublin South FM 93.9FM every Tuesday night, has now evolved into an online station hosting the very best construction, urban planning, property and proptech radio shows and podcasts from around the world. Our new website – produced by Hear Me Roar Media – offers audiences live and recorded access to global built environment content. To have your industry podcast included in the iPropertyRadio line-up, or to contribute as a guest on any of our shows, email the iPropertyRadio team at info@propertydistrict.ie

Build-to-rent (#BTR) and large-scale developments (#LRD) in Ireland 2022

On iPropertyRadio this week…

In advance of an early morning LRD seminar which took place in Dublin on Thursday,  we take an in-depth look at the new planning process for large scale residential developments to understand how this impacts new developments. 

Listen back to Iain Murray, Senior Director for BTR Consultancy across Europe with Cortland Consult, and William O’Donnell, Associate Director with IN2 Engineering discuss what tenants want (and are willing to pay for!), and what new planning guidance property developers and their design teams need to be aware of.

Produced by Bríd Molloy and Hear Me Roar Media 

Listen back: https://ipropertyradio.com 

Watch back:  https://youtu.be/bJsq1ZMTiZk 

PART 2

In the Proptech Hot Seat today is Olivia Bushe, CEO of Flowforma, and one of Ireland’s tech leaders.

Flowforma, which was formed in 2016 (spin out from Ergo), innovates ‘no code’ software that enables construction and other industries to automate high-value processes. The company recently secured €4 million to grow the team by 70 people and to open a US office (with Enterprise IrelandI).

Listen back: https://ipropertyradio.com 

Watch back:  https://youtu.be/O9F9ssgfQfY

Listen back to all shows at www.ipropertyradio.com 

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

• Public Consultation on the introduction of the European Union (District Heating) Regulations 2022 Jun 30  https://www.publicconsultation.ie/open-public-consultations/public-consultation-on-the-introduction-of-the-european-union-district-heating-regulations-2022

• Planning application for Dart+ West to be lodged ‘later this summer’: Under Dart+ West, a new station would be built at Spencer Dock alongside a new access point to Connolly Station from Preston Street.  https://www.thejournal.ie/planning-permission-dart-west-5804185-Jul2022/

• Plan to demolish Moore Street buildings for public plaza approved: Commercial property firm Hammerson’s plan drew more than 50 objections from businesses and politicians  https://www.irishtimes.com/property/commercial-property/2022/06/28/plan-to-demolish-moore-st-buildings-for-public-plaza-gets-green-light/

• Rabbi has faith in Rathmines community site: Spiritual and cultural centre will cater for a growing generation of Jewish people who are being drawn to Ireland  https://www.thetimes.co.uk/article/rabbi-has-faith-in-rathmines-community-site-nc3zxbq9l

• Housing for all, 1920s style: Big problems, complex solutions: By 1922, in response to a widespread housing crisis, the notion that housing was bound up with a stable society and good citizenship had taken hold  https://www.irishtimes.com/property/residential/2022/06/27/housing-for-all-1920s-style-significant-problems-and-complex-solutions/

• Step forward in plans for major wind energy hub at Ros An Mhíl  https://connachttribune.ie/step-forward-in-plans-for-major-wind-energy-hub-at-ros-an-mhil/amp/

• Location for a Ceramics Centre of Excellence confirmed in Thomastown: The former Bank of Ireland premises will be used  https://kclr96fm.com/location-for-a-ceramics-centre-of-excellence-confirmed-in-thomastown/

• Deputy Whitmore calls for start of public consultation into Blessington sports complex master plan https://www.independent.ie/regionals/wicklow/news/deputy-whitmore-calls-for-start-of-public-consultation-into-blessington-sports-complex-master-plan-41799414.html

• Planning permission granted for glamping pods at Rossbeigh  https://www.radiokerry.ie/news/planning-permission-granted-for-glamping-pods-at-rossbeigh-287851

• New experience at the iconic Blasket Centre in Dún Chaoin officially opens   https://www.gov.ie/en/press-release/490d3-new-experience-at-the-iconic-blasket-centre-in-dun-chaoin-officially-opens/

• Groups vows to do ‘whatever it takes’ to stop rock-blasting by Aughinish Alumina  https://www.irishexaminer.com/news/munster/arid-40906103.html

• Work has commenced this week on the resurfacing of roads on a popular Donegal island destination, Coiste Forbartha Inis Bó Finne  https://www.donegaldaily.com/2022/06/25/roadworks-start-on-remote-donegal-island/

*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* https://www.youtube.com/watch?v=rdwwKy4MA_4 

CONSTRUCTION & DEVELOPMENT NEWS

• 2021 Turnover at Ireland’s Top-50 contractors tops €10bn  https://irishbuildingmagazine.ie/2022/06/28/2021-turnover-at-irelands-top-50-contractors-tops-e10bn/

• Planning rules are ‘inimical to the common good’, IPI warns: The Irish Planning Institute says the government’s recent ‘developer-led’ changes have undermined the public’s confidence in the planning process  https://www.businesspost.ie/news/planning-rules-are-inimical-to-the-common-good-ipi-warns/

• Irish Water to allow builders lay own pipes to speed up new housing  https://www.thecork.ie/2022/07/01/irish-water-to-allow-builders-lay-own-pipes-to-speed-up-new-housing/ Also: Irish Water has launched a new Experience Based Accreditation Scheme for contractors across Ireland. The scheme facilitates experienced contractors in becoming accredited to deliver new water services infrastructure in public roads for housing developers.  https://irishbuildingmagazine.ie/2022/06/27/irish-water-calls-on-contractors-to-apply-for-new-experience-based-accreditation/ 

• Minister Harris announces more than 1,000 extra college places and development of new apprenticeship programmes: “Some examples of courses receiving extra places this year include IT, architecture and construction, engineering…” https://www.gov.ie/en/press-release/3dbcb-minister-harris-announces-more-than-1000-extra-college-places-and-development-of-new-apprenticeship-programmes/

• Review of Help to Buy will determine future of €600m scheme for first-time buyers: A third of new buyers don’t need the grant to achieve a 10 per cent deposit, raising concerns over ‘deadweight loss’  https://www.irishtimes.com/ireland/housing-planning/2022/06/26/review-of-help-to-buy-will-determine-future-of-600m-scheme-for-first-time-buyers/

• An Bord Pleanála’s strategic housing development decisions and the €8.2m cost of defending them: As scrutiny mounts, attention is turning to the enormous cost of  court appeals that are successful in a majority of cases  https://www.irishexaminer.com/opinion/commentanalysis/arid-40901819.html Also: An Bord Pleanála loses 25% more judicial reviews of planning decisions in 2021  https://www.irishexaminer.com/news/arid-40905887.html

• An Bord Pleanála to concede in challenge to 102 Dún Laoghaire apartments  https://www.breakingnews.ie/amp/ireland/an-bord-pleanala-to-concede-in-challenge-to-102-dun-laoghaire-apartments-1325997.html

• Carmelites support development of some land at Terenure College for housing: Religious order running private school says proposed scheme would help to secure future of college  https://www.irishtimes.com/business/2022/06/27/carmelite-order-supports-development-of-land-at-terenure-college-for-housing/

• Over 880 apartments on old Dundrum shopping centre site in doubt  https://m.independent.ie/regionals/dublin/dublin-news/over-880-apartments-on-old-dundrum-shopping-centre-site-in-doubt-41794157.html

• Conrad hotel granted permission for extensive redevelopment: Number of hotel rooms to grow by 88 to 280  https://www.irishtimes.com/business/2022/06/29/conrad-hotel-granted-permission-for-extensive-redevelopment/

• Cork GAA applies for planning permission for 300 houses: Planned Kilbarry development intended to offset debts from €96 million redevelopment of Páirc Uí Chaoimh  https://www.irishtimes.com/ireland/2022/07/01/cork-gaa-applies-for-planning-permission-for-300-houses/

• Appeal lodged against housing development in Salthill  https://connachttribune.ie/appeal-lodged-against-housing-development-in-salthill/amp/

• Green hub could create up to 900 new jobs  https://connachttribune.ie/green-hub-could-create-up-to-900-new-jobs/

• Kildare lands with development potential guiding at €1.4m: 80-acre holding on outskirts of Kilcock will be sold at public auction on July 20th  https://www.irishtimes.com/property/commercial-property/2022/06/28/kildare-lands-with-development-potential-guiding-at-14m/

• Modular homes to replace demolished houses on housing estate in Portlaoise https://laois-nationalist.ie/2022/06/27/modular-homes-to-replace-demolished-houses-on-housing-estate-in-portlaoise/

• Laois County Council agree to sell land for almost €1 million to Kildare company  https://www.laoistoday.ie/2022/06/27/laois-county-council-agree-to-sell-land-for-almost-e1-million-to-kildare-company/

• Tipperary hotel lodges planning application for family entertainment centre https://www.tipperarylive.ie/news/home/849965/breaking-tipperary-hotel-lodges-planning-application-for-family-entertainment-centre.html

• Construction project management company PM Group continues to expand its operations with 500 new jobs planned this year across its sites around the world – 300 in Ireland https://www.siliconrepublic.com/jobs-news/pm-group-jobs-ireland-engineering-data-finance-it

• Celtic Tiger developer avoids having legal defence struck out: A judge extended the time for Conor Clarkson’s compliance with a High Court order, in a case relating to a dispute over rent for a pub premises in south Dublin  https://www.businesspost.ie/news/celtic-tiger-developer-avoids-having-legal-defence-struck-out/

• O’Flynn agrees £1bn joint venture for student accommodation in UK: Irish developer signs deal with private-equity firm Partners Group to deliver student units and co-living spaces in a number of British cities  https://www.irishtimes.com/business/2022/06/27/oflynn-agrees-1bn-joint-venture-for-student-accommodation-in-uk/

• Cairn Homes appoints James Benson to strategy post: Irish House Builders’ Association director joins listed construction company https://www.irishtimes.com/business/2022/06/29/cairn-homes-appoints-james-benson-to-strategy-post/

• Tom Edwards-Moss has been appointed as CEO of Hibernia REIT, the Dublin-based owner and developer of property, following its recent acquisition by Brookfield. He has been the firm’s chief financial officer since June 2014.  https://www.irishexaminer.com/business/companies/arid-40907801.html

• Sonas Technical, a recruitment business focused on placing Irish tech staff overseas in construction roles, expects to double its staff in the next 18 months.  https://www.businesspost.ie/tech/recruitment-firm-sonas-aiming-to-double-staff-in-18-months/

PROPTECH, ESG, MMC & CONSTRUCTION INNOVATION

• Proptech Ireland is updating the database of 2022 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

• Regional tech collaboration is key to success on a global scale  https://m.independent.ie/business/irish/regional-tech-collaboration-is-key-to-success-on-a-global-scale-41807588.html

• ‘This should be outlawed’ — Property website accused of taking advantage of vulnerable tenants  https://extra.ie/2022/06/26/news/this-should-be-outlawed-property-website-accused-of-taking-advantage-of-vulnerable-tenants

• Action! UK Proptech platform launches ‘location films’ for property listings: HomeOnFilm is to provide agents with a video of the top sights in an area surrounding a property as well as a TV quality edited property video.  https://thenegotiator.co.uk/viewings-app-now-set-to-offer-location-window-and-live-brooadcasts/

• ‘Tech revolution’: Low carbon construction pioneer secures €10m funding boost  https://www.businessgreen.com/news/4051927/tech-revolution-low-carbon-construction-pioneer-secures-eur10m-funding-boost

• Proptech still has fundamental problems for entrepreneurs to solve  https://techcrunch.com/2022/06/27/proptech-still-has-fundamental-problems-for-entrepreneurs-to-solve/

• Analysis: why proptech must provide a sound customer experience  https://connectedremag.com/uncategorized/analysis-why-proptech-must-provide-a-sound-customer-experience/

• The Coming Tsunami of PropTech M&A  https://www.propmodo.com/the-coming-tsunami-of-proptech-ma/

• Four PropTech Pivots – FinLedger  https://finledger.com/articles/four-proptech-pivots/

• London proptech PRODA nabs $8 million to scale rent roll data platform: The platform allows estate businesses to capture, visualise, consolidate and standardise data by utilising AI with a focus on rent insights  https://tech.eu/2022/06/30/london-proptech-proda-nabs-8-million-to-scale-rent-roll-data-platform/

• Why tumbling proptech valuations are both good and bad news: Fundraising is a lot tougher but some believe it is a “healthy reset”  https://reactnews.com/article/why-tumbling-proptech-valuations-are-both-good-and-bad-news/

• Commercial leasing platform Least gets keys to £1.5m funding  https://www.uktech.news/proptech/least-funding-20220629

• PropTech Today – working smarter with PropTech can improve your bottom line  https://www.estateagenttoday.co.uk/breaking-news/2022/6/proptech-today–working-smarter-with-proptech-can-improve-your-bottom-line

RESIDENTIAL PROPERTY NEWS (including PRS)

• Ires Reit closing in on €200m purchase of Dublin 8 apartment scheme: Ireland’s largest private landlord in negotiations for purchase of 413 units under development in the Liberties https://www.irishtimes.com/business/2022/07/01/ires-reit-closing-in-on-200m-purchase-of-dublin-8-apartment-scheme/

• German investor pays €42m for Malahide Road apartments: Ninety-three homes acquired by Real IS at 331-unit development to be leased by Dublin City Council for social housing https://www.irishtimes.com/business/2022/07/02/german-investor-pays-42m-for-malahide-road-apartments/

• Real estate investment in Ireland: asset deals versus share deals  https://www.lexology.com/library/detail.aspx?g=2a6e787e-16e7-44ba-acbe-9afe1421b868

• Property prices expected to rise by 4% in the next year: It’s expected that high rates of increase will level off in the next 12 months. https://www.thejournal.ie/house-prices-ireland-2022-5805231-Jul2022/?amp=1

• Hold on to your homes — it’s going to be a bumpy ride of inflation and recession  https://www.thetimes.co.uk/article/hold-on-to-your-homes-its-going-to-be-a-bumpy-ride-of-inflation-and-recession-r9lb6l27h

• Mortgage switching hits record high as the European Central Bank gets ready to hike rates: New lending remains at just a fraction of Celtic Tiger levels with €12bn expected this year compared to a 2006 peak of almost €40bn  https://m.independent.ie/business/irish/mortgage-switching-hits-record-high-as-the-european-central-bank-gets-ready-to-hike-rates-41807637.html

• Ireland has second highest level of rent and mortgage arrears in EU, report finds: In 2020, almost one in five poor households in Ireland were in arrears on repayments, over twice rate of general population  https://www.irishtimes.com/ireland/housing-planning/2022/06/30/ireland-has-second-highest-level-of-rent-and-mortgage-arrears-in-eu-report-finds/

• Revealed: Irish university accommodation among most-expensive in EU and UK  https://www.irishexaminer.com/news/arid-40905908.html

• Approved housing bodies delivered almost 3,800 homes in 2021: Output increased 14% year on year, ‘signalling return to pre-Covid levels’  https://www.irishtimes.com/business/2022/06/29/approved-housing-bodies-delivered-almost-3800-homes-in-2021/

• Little appetite among local authorities to tackle owners of derelict properties  https://m.independent.ie/regionals/corkman/opinion/little-appetite-among-local-authorities-to-tackle-owners-of-derelict-properties-41803475.html

• Irish house prices rise by average of 9.5% in a year  https://www.thetimes.co.uk/article/irish-house-prices-rise-by-average-of-9-5-in-a-year-fsxdpzfp2

• Houses in most areas of country out of reach for people on average income  https://m.independent.ie/business/personal-finance/property-mortgages/houses-in-most-areas-of-country-out-of-reach-for-people-on-average-income-41805401.html

• Flood of landlord-owned homes coming to market is helping to cool house price inflation in some parts of the country, with almost a third of all homes for sale in certain areas now accounted for by landlords exiting real estate or reducing their holdings.  https://m.independent.ie/irish-news/landlord-exodus-helps-cool-house-price-rises-but-price-of-three-bed-semi-in-dublin-heading-for-500000-41793136.html

• While a cooling of the rate of house price inflation is to be welcomed, the flood of supply to the market of properties brought for sale largely by small private landlords, and its impact on property inflation in many areas, is in fact a cause for concern. https://m.independent.ie/business/personal-finance/property-mortgages/flood-of-supply-to-market-by-private-landlords-a-concern-for-rental-sector-41793124.html

• HAP pays half a billion euro to landlords each year, yet the identity of its recipients has been a well-guarded secret. Data obtained through a freedom of information request lifts a corner of the veil. https://thecurrency.news/articles/88234/hap-pays-half-a-billion-euro-to-landlords-each-year-we-reveal-its-largest-corporate-recipients/

• Tenants being pitted against each other in rent bidding wars, Dáil hears  https://www.breakingnews.ie/amp/ireland/tenants-being-pitted-against-each-other-in-rent-bidding-wars-dail-hears-1327462.html

• ‘It’s upsetting’ – Agents receive 1,200 applications for one home in Dublin: A Dublin estate agent had over 1,200 applications for one home.  https://www.newstalk.com/news/rent-crisis-over-1200-people-apply-for-one-home-in-dublin-1358376

• First Home scheme to help bridge gap for middle tier buyers: Housing Minister Darragh O’Brien targets 6,000 new homes over the next three years  https://m.independent.ie/business/personal-finance/property-mortgages/first-home-scheme-to-help-bridge-gap-for-middle-tier-buyers-41793134.html

• Sell, pay down or save: newlyweds assess home options: Porting a mortgage means you can lock into a good fixed rate now and bring it with you if you move homes  https://www.irishtimes.com/your-money/2022/06/28/sell-pay-down-or-save-newlyweds-assess-home-options/

• ‘We had viewings within a week’: How this Cork family made their home market-ready: Jennifer and Mark have already made the move to their ‘forever’ home.  https://www.thejournal.ie/daft-advantage-5800787-Jun2022/

• Five Dublin apartments on sale for under €200,000: Here are our top five picks for stunning apartments in the capital  https://www.dublinlive.ie/news/property/five-dublin-apartments-sale-under-24343164.amp

• 7 dreamy oceanside properties for sale across Cork’s coast with stunning sea views: From family homes right on the shore to luxury holiday homes where you can see the ocean from your bedroom window, your perfect property is sure to be along Cork’s coast  https://www.corkbeo.ie/news/property/7-dreamy-oceanside-properties-sale-24356947

• Kerry house prices jump by €20,000 in just three months  https://m.independent.ie/regionals/kerryman/news/kerry-house-prices-jump-by-20000-in-just-three-months-41794380.html

• Mortgage company seeks to prevent child rapist from getting insurance payout  https://www.breakingnews.ie/amp/ireland/mortgage-company-seeks-to-prevent-child-rapist-from-getting-insurance-payout-1326568.html

• Money pit or passion project? The perils of renovating a period home  https://www.irishtimes.com/life-style/2022/07/09/money-pit-or-passion-project-the-perils-of-renovating-a-period-home/

• Buying a home: how one couple realised location was most important for them  https://www.breakingnews.ie/advertising-feature/buying-a-home-how-one-couple-realised-location-was-most-important-for-them-1325978.html

• How to choose the ideal window style: Home of the Year 2021 winner Jennifer Sheahan shares ideas on how to style and place windows in your home  https://www.irishexaminer.com/property/homeandgardens/arid-40901768.html

• How four shipping containers added up to one dream home : Architect Patrick Bradley shares his secrets and why his 1100sq ft ‘Grand Designs’ house has all he needs to make him happy  https://www.irishexaminer.com/property/homeandgardens/arid-40908845.html

• How to use shipping containers to create homes: A small-space enthusiast, the ‘Home of the Year 2021’ winner looks at the practicalities of repurposing shipping containers  https://www.irishexaminer.com/property/homeandgardens/arid-40908911.html

• Two homes, a restored mill race and a swimming pool are part of the pretty €650k package at Ballindud, Co Waterford  https://www.irishexaminer.com/property/residential/arid-40907876.html 

• Clare and Aimee Connolly: ‘My mum has been my mother and father rolled into one’: The beauty entrepreneur and her estate agent mother tell Andrea Smith about their thriving businesses and the close bond they forged from being a one-parent family  https://www.thetimes.co.uk/article/clare-and-aimee-connolly-my-mum-has-been-my-mother-and-father-rolled-into-one-j8vdwfm5b

COMMERCIAL PROPERTY NEWS

• What does a hybrid office look like? This company has 5 ideas https://www.fastcompany.com/90764343/what-does-a-hybrid-office-look-like-this-company-has-5-ideas

• New model of co-working Soars at the Tara Building: The charity Soar is reaping the benefit of a working arrangement with the owners of the innovative co-working space on Tara Street in Dublin 2 https://www.businesspost.ie/property/new-model-of-co-working-soars-at-the-tara-building/. 

• State pays €115 million annually in rent for office space and other premises: In Dublin, 29 offices and buildings used by State have annual rental bills exceeding €1 million  https://www.irishtimes.com/ireland/housing-planning/2022/06/29/state-pays-115-million-annually-in-rent-for-office-space-and-other-premises/

• European investor acquires Staycity Dublin Castle Aparthotel for €11.5m: 51-bedroom Bride Street hotel came for sale with long-term lease in place to Dublin-based aparthotel group  https://www.irishtimes.com/property/commercial-property/2022/06/28/european-investor-acquires-staycity-dublin-castle-aparthotel-for-115m/

• Rohan Holdings secures over €17m from sale at Dublin AirpPort Logistics Park: US pharmaceutical courier and clinical packaging specialist Yourway acquires 70,000sq ft Contrail House for use as flagship European depot  https://www.irishtimes.com/property/commercial-property/2022/06/29/rohan-holdings-secures-over-17m-from-sale-at-dublin-airpport-logistics-park/

• Hibernia Reit seeks €8.5m for Malahide Road industrial building: Property on 3.8 acres offers scope for both immediate last-mile logistics use and longer-term redevelopment  https://www.irishtimes.com/property/commercial-property/2022/06/28/hibernia-reit-seeks-85m-for-malahide-road-industrial-building/

• French fund Sofidy pays over €34m for Independent House  https://m.independent.ie/business/commercial-property/french-fund-sofidy-pays-over-34m-for-independent-house-41802611.html

• Six Irish Pub Properties Hit The Market  https://www.hospitalityireland.com/amp/pub-bar-nightclub/six-irish-pub-properties-hit-the-market-179903

• Two Irish Accommodation Properties Being Sold  https://www.hospitalityireland.com/amp/hotel/two-irish-accommodation-properties-being-sold-179912

• ‘Light at the end of the tunnel’ for former Cork hotel : The boarded-up building, which proved popular as a hotel during the 1970s and 80s, had been derelict for a total of 11 years before going up in flames last Thursday  https://www.echolive.ie/corknews/arid-40904438.html

• Shannon Property deal is a ‘win-win’ for new owners  https://www.limerickleader.ie/news/home/849616/shannon-property-deal-is-a-win-win-for-new-owners.html

• Cashel property owner buys the Deanery for €1,020,000 at public auction in the Cashel Palace Hotel  https://www.tipperarylive.ie/news/home/848346/cashel-property-owner-buys-the-deanery-for-1-020-000-at-public-auction-in-the-cashel-palace-hotel.html

INTERNATIONAL PROPERTY NEWS

• New UK building safety laws come into force today https://www.constructionenquirer.com/2022/06/28/new-building-safety-laws-come-into-force-today/

• Site workers settle for 5% pay increase https://www.constructionenquirer.com/2022/06/28/site-workers-settle-for-5-pay-increase/

• Walgreens shelves Boots sale amid ‘dramatic change in market conditions’  https://www.thetimes.co.uk/article/walgreens-shelves-boots-sale-amid-dramatic-change-in-market-conditions-k6t6j2dtt

• Melbourne ‘space shuttle’ pods containing a single bed for rent for up to $900 a month  https://www.theguardian.com/australia-news/2022/jun/29/melbourne-space-shuttle-pods-containing-a-single-bed-for-rent-for-up-to-900-a-month

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/