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:

augmented reality for the built environment
  • Earlier this week the PLACEengage team (https://placeengage.com/), part of Property District, was invited along to the new Meta HQ (formerly Facebook) in Ballsbridge (formerly the AIB Bank Centre) to present an augmented reality solution for public and private sector homebuilders, through which they can better engage the local community and other project stakeholders. We also had the opportunity to join a panel discussion alongside industry leaders, included ARUP, to explore the use of immersive technologies for the built environment. Thanks to Ronan Kenny for capturing the above photo. For forward-thinking project owners who are keen to break the cycle of community apathy and antagonism, in favour of genuinely innovative and successful placemaking, contact katie@placeengage.com to learn more.
  • Editor Ian Kehoe, writing in The Currency this week:  Glenveagh Properties plc  chief executive Stephen Garvey appeared on Prime Time: “Garvey was a breath of fresh air. He spoke candidly and openly about his struggles to build houses in Ireland – from issues with planning regulators to the cost of building in Ireland. If anyone in government has not watched the interview, they should. Because it was shocking. “What is stopping you from building houses at the moment?” presenter Fran McNulty asked Garvey. To which the CEO replied: “For the last 12 months we have seen no decisions come out.” He added: “We did not get a single decision in 2022.” Garvey was referring An Bord Pleanála..” Read more:https://thecurrency.news/articles/116172/a-property-shock-booming-corporation-tax-coffers-and-the-apple-effect-rewinding-the-week-that-was/
  • Nobody living in any of the affordable homes built in Cork city last year:  ‘It’s very clear that Cork City Council have the ambition, the ability and the drive to build affordable homes. What they don’t have is a magic wand to fastrack past the bureaucracy, red-tape and barriers this Minister has put in their way’  https://www.corkbeo.ie/news/local-news/nobody-living-any-affordable-homes-26756031
  • Homes crisis needs many compromises: Many developed nations are struggling to meet their affordable housing targets without sacrificing the building standards and social norms, which can produce the shanty towns, the sink estates, or rookeries of the future https://www.irishexaminer.com/opinion/ourview/arid-41118037.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

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.

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 – Q4 2022/Q1 2023 we now have an  average of 765,876 digital impressions each month, not including radio listenership and website visits. Huge thanks to all of you for your continued support!

This week on iPropertyRadio…

#Property Roundup

Sarah Kim Watchorn, food writer and photographer discusses her experience trying to buy a home in Ireland. She talks about the difficulties in securing a mortgage as a single, self-employed person. Listen back to hear insights and learnings from a 4-year (and ongoing) journey to home ownership, what she wishes she had known in advance and how can we better educate first-time buyers about the process?

#BreakingGround

Patrick O Toole, MRIAI, Managing Director of Meitheal Architects, a medium size practice with offices in Dublin, Cork and Kerry, discussed the scale and extent of our success in delivering innovative, urban housing stock in the area of derelict/dis-used properties. Meitheal Architects are working to ensure the existing supply of properties is fully utilised, through the repurposing of vacant and derelict buildings, sensitively restoring them as high-quality sustainable homes.

Produced by Hear Me Roar Media https://hearmeroarmedia.com/

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

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

CONSTRUCTION & DEVELOPMENT NEWS

MMC Ireland national conference 2023
  • It’s happening..! The MMC Ireland National Conference 2023 (#MMCIreland) is just around the corner, and we can’t wait to showcase the latest developments, innovations, and investments in the MMC sector.  Join us on June 6th at Croke Park, Dublin, to learn from industry leaders and gain valuable insights into the future of offsite and modern methods of construction. This event will feature a range of project case studies, panel debates, and interactive sessions, including a focus on sustainability and the latest digital platforms leading the way in MMC.Don’t miss out on this exciting opportunity – register now to secure your place at the MMC Ireland National Conference 2023: click here: https://www.offsitehub.co.uk/events/view?eventid=129Also, sign up now to #MMCIreland and help us promote the use of offsite and other modern methods of construction for a more sustainable and innovative industry. Further information and membership details 👉https://mmcireland.ie/
  • €25 million for University of Limerick to ‘transform’ campus main building
https://www.limerickleader.ie/news/home/1149247/25-million-for-university-of-limerick-to-transform-campus-main-building.html
  • The below locations have been selected to date to provide modular homes: 30 homes in Cavan town; 64 in Mahon, Co Cork; 62 in Thurles, Co Tipperary; 22 in Doorly Park, Co Sligo; 28 in Claremorris, Co Mayo; 64 in Clonminch, Co Offaly 42 in Rathdowney, Co Laois. https://www.thejournal.ie/rapid-build-housing-2-6043730-Apr2023/

PROPTECH, ESG, MMC & 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

ENERGY, CLIMATE & ENVIRONMENT

  • EirGrid opens first office in Cork, which will support the delivery of critical infrastructure across the south of the country that will play an important role in achieving the commitments set out in the Government’s Climate Action Plan https://www.echolive.ie/corknews/arid-41121769.html

RESIDENTIAL PROPERTY NEWS (including PRS)

COMMERCIAL PROPERTY NEWS

  • “In a world where the preference is to work at home, our team actually prefers the office”: The return to the office needn’t be a contentious issue for employers if they can offer staff a workplace as attractive as those available with Iconic Offices https://www.irishexaminer.com/sponsored/arid-41115643.html
  • All eyes on No.39 Patrick Street, the hottest property in Cork city: Global, national and local property investors should get excited by the earning potential of this attractive retail investment now for sale via Cushman & Wakefield, Cork https://www.irishexaminer.com/sponsored/arid-41116555.html
  • ‘We want to pay our way’: O’Donovan’s Hotel and their battle with Everyday Finance: A loan that the family took out with AIB sixteen years has come back to haunt them after it was sold to an *INVESTMENT fund [*Incorrect terminology removed] https://www.irishexaminer.com/news/spotlight/arid-41117308.html

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/

Carol Tallon books