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:
- The Property District crew are proud to have provided PR and social media for the revival of An Tostal, two-day currach racing festival on Galway Bay earlier this summer, supported by the Galway Hooker Sailing Club – it was a wonderful community initiative and you can watch some of the highlights here 👉https://youtu.be/QmUsf1OvJzM
- Split in Housing Commission over proposals for constitutional referendum on right to housing – Group expected to deliver majority and minority reports on referendum question https://www.irishtimes.com/politics/2023/07/31/split-in-housing-commission-over-proposals-for-constitutional-referendum-on-right-to-housing/ Also: Enshrining housing rights in the Constitution could prove to be a damp squib – Nobody is going to be suing the State for not providing them with a nice house. But there are bigger issues with the housing rights referendum https://www.irishtimes.com/opinion/2023/08/03/there-are-good-reasons-to-be-concerned-about-enshrining-housing-rights-in-the-constitution/
- Taoiseach unsure if housing referendum will take place within this Government: Varadkar said that a housing amendment to the constitution should not allow people on the housing list to seek compensation.https://www.thejournal.ie/housing-referendum-ireland-6136628-Aug2023/
- Sinn Féin to introduce Bill to make sex for rent an offence under Residential Tenancies Act – The Bill comes after RTÉ Investigates last week broadcast a report looking into sex for rent in Ireland. https://www.thejournal.ie/sinn-fein-bill-sex-for-rent-offence-6134573-Aug2023/
- Imagine if this headline ran the other way, with calls for a block on serial objectors?! ‘Calls for a block on ‘serial applicants’ after family refused planning 17 times’ https://m.independent.ie/irish-news/calls-for-a-block-on-serial-applicants-after-family-refused-planning-17-times/a932915076.html
- BusConnects lodges plans to buy more south Dublin land: Parcels of land in the financial sector region are among the private plots needed to widen the capital’s 16 bus corridors for BusConnects https://www.businesspost.ie/news/busconnects-lodges-plans-to-buy-more-south-dublin-land/ Also: NTA corrects path to planning success: The National Transport Authority confirms an “administrative discrepancy” meant the wrong information was contained in the electronic copy of the NTA’s environmental impact report sent to the board on July 25. https://www.businesspost.ie/news-focus/post-script-butting-heads-route-correction-property-take-off-cowen-capture-liquid-assets/
- Dublin Port and Irish Rail in stand-off over road-building plans: Train operator’s fears dismissed by engineers after claims new roads would block future freight access to docks https://www.businesspost.ie/article/dublin-port-and-irish-rail-in-stand-off-over-road-building-plans/
- Interest in 260-acre plot at airport takes off as JLL receives ‘several bids’: Real estate company confirms negotiations with interested parties over strategic strip of land valued at €200 million https://www.businesspost.ie/article/interest-in-260-acre-plot-at-airport-takes-off-as-jll-receives-several-bids/
- IDA asks High Court to block release of land deal documents: Agency seeks to overturn Information Commissioner’s ruling which it says endangers its credibility in the commercial property market https://www.businesspost.ie/article/ida-asks-high-court-to-block-release-of-land-deal-documents/
- Government wants to buy Conor Pass, but will not pay €10m – Speaking in Louth on Friday afternoon, Leo Varadkar said he wanted to see Ireland expand its national parks, but will only pay a ‘reasonable price’ https://www.irishexaminer.com/news/politics/arid-41198236.html
- Tuath Housing partners with Credit Unions nationwide to deliver social housing https://www.irishrealestate.news/tuath-housing-partners-with-credit-unions-nationwide-to-deliver-social-housing/
- The Night Mayor before Christmas? Search begins for Dublin’s new economic tsar: Dublin City Council to appoint night time advisor for capital, with role expected to be in place by year-end https://www.businesspost.ie/news/the-night-mayor-before-christmas-search-begins-for-dublins-new-economic-tsar/ Also: Dublin’s new night tzar could bring city out to party once again: Changing of the guard at council as boss Owen Keegan departs could boost move to support after-dark economy of capital just as it needs it most https://www.businesspost.ie/analysis-opinion/dublins-new-night-tzar-could-bring-city-out-to-party-once-again/
- The death has taken place in a London hospital of 76 year old developer and businessman Jim Kennedy. https://www.irishtimes.com/ireland/2023/08/02/property-developer-jim-kennedy-dies-in-london/
- Know the drill: Women get on course to boost DIY confidence – Difficulty finding a tradesperson and the cost-of-living crisis are keeping the lockdown-induced trend for DIY going https://www.irishexaminer.com/property/homeandgardens/arid-41191699.html
- The Irish companies letting employees work anywhere in the world — and those doing it https://www.thetimes.co.uk/article/the-irish-companies-letting-employees-work-anywhere-covid-8v6c9960t
*Reminder that the Property District offices in Dublin and Galway will close on Wednesdays for July and August as we let our creative talent run wild – you are welcome to join us for #WildWednesday, details here: https://propertydistrict.ie/wildwednesday-challenging-techies-to-disconnect-and-creatives-to-reconnect/
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…
As the iPropertyRadio team in Ireland takes a well-deserved break for August, listen back to some of our favourite interviews of the year so far, or check out some of the international real estate, construction and proptech shows at: https://ipropertyradio.com/

#Property Roundup – Watch/ listen back: https://ipropertyradio.com/property-matters/
*Property Roundup is sponsored by Ireland’s Property District, your industry communications partner
#Proptech Hot Seat – Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/
*Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders.*
#BreakingGround – Watch back and listen back: https://ipropertyradio.com/breaking-ground/
*Breaking Ground is sponsored by PLACEengage – Your Virtual Town Hall, a data-driven platform for more successful public consultation and community engagement for your next development project*
Watch back and listen back to all shows at: https://ipropertyradio.com/shows/
Produced by Hear Me Roar Media https://hearmeroarmedia.com/
Newstalk

The increased demand for rural houses is not simply due to catch up, or even because of affordability – but because of an Irish desire to live in rural settings: For the first time in a generation, people are getting to choose…
Listen back: https://www.newstalk.com/news/majority-of-irish-people-choosing-rural-setting-on-commuter-belt-1494104
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

- PLACEengage | Public Consultation & Community Engagement for Delivering Ireland’s Greenways https://placeengage.com/public-consultation-community-engagement-for-delivering-irelands-greenways/
- O’Connell Street represents a spectacular failure of what our Republic should be – Seán Moncrieff: The main street of our capital city is still the figurative and geographical heart of our country and it should be treasured https://www.irishtimes.com/life-style/people/2023/08/06/oconnell-street-represents-a-spectacular-failure-of-what-our-republic-should-be/
- Is your county a planning breach hotspot? How hundreds have built houses, granny flats and cabins without permission https://m.independent.ie/irish-news/is-your-county-a-planning-breach-hotspot-how-hundreds-have-built-houses-granny-flats-and-cabins-without-permission/a1155735014.html
- Charleville to get 68 rapid build homes for 272 Ukrainian refugees: Ukrainians fleeing war to be in situ by early 2024 https://m.independent.ie/regionals/cork/news/charleville-to-get-68-rapid-build-homes-for-272-ukrainian-refugees/a491901889.html
- Potential site has been ‘identified in principle’ for library in Mahon Blackrock area https://www.echolive.ie/corknews/arid-41196970.html
- Report called for the demolition of 60-year-old social housing flats as council says Noonan’s Rd buildings ‘are not unsafe’ https://www.echolive.ie/corknews/arid-41197882.html
- How Cork city murals became a global art phenomenon – Eve Kelliher looks at the story behind Ardú Street Art, the city lockdown project shortlisted for a national award https://www.irishexaminer.com/property/homeandgardens/arid-41196166.html
- Second unique piece unveiled on city street as part of Cork’s new sculpture trail: Boom Nouveau is the latest addition to Island City, Cork’s Urban Sculpture Trail https://www.irishexaminer.com/lifestyle/artsandculture/arid-41196595.html
- New Galway school approved with ten conditions as locals delight at new facility: The much needed school can now proceed https://www.galwaybeo.ie/news/galway-news/new-galway-school-approved-ten-8656907
- Disability-friendly picnic benches secured for Portumna under regeneration plan https://galwaybayfm.ie/galway-bay-fm-news-desk/disability-friendly-picnic-benches-secured-for-portumna-under-regeneration-plan/
- Irish Rail in final stages of contract discussions for redevelopment of Ceannt Station https://connachttribune.ie/irish-rail-in-final-stages-of-contract-discussions-for-redevelopment-of-ceannt-station/
- Kilkenny communities urged to have voice heard at future-shaping ‘Our Town’ workshop https://www.kilkennypeople.ie/news/home/1261166/kilkenny-communities-urged-to-have-voice-heard-at-future-shaping-our-town-workshop.html
- New report studied 167km of Wicklow uplands paths https://m.independent.ie/regionals/wicklow/wicklow-district/new-report-studied-167km-of-wicklow-uplands-paths/a868228599.html
- Clare locals say profiting from Cliffs and the Atlantic is putting their way of life at risk: There is frustration over plans for visitors to the Cliffs of Moher and for Doolin Bay. https://www.thejournal.ie/clare-doolin-cliffs-6131215-Jul2023/
- €2 million approved to fight dereliction in Portlaoise https://www.leinsterexpress.ie/news/portlaoise-/1263140/2-million-approved-to-fight-dereliction-in-portlaoise.html
- Thurles Local Area Plan public information meeting to be held at The Source https://www.tipperarylive.ie/news/local-news/1259975/thurles-local-area-plan-public-information-meeting-to-be-held-at-the-source.html
- Housing must be priority for Kerry town ‘to stem emigration’ https://m.independent.ie/regionals/kerry/news/housing-must-be-priority-for-kerry-town-to-stem-emigration/a1435733133.html
- MTU Kerry SU President says students have been kicked to the kerb by government in terms of accommodation https://www.radiokerry.ie/news/mtu-kerry-su-president-says-students-have-been-kicked-to-the-kerb-by-government-in-terms-of-accommodation-341406
- Former derelict County Leitrim hotel will soon become home to refugees: Locals critical at what they say is a lack of communication on the issue. https://m.independent.ie/regionals/sligo/news/former-derelict-county-leitrim-hotel-will-soon-become-home-to-refugees/a1043956567.html
- Ukrainian refugees to move into Claremorris modular houses this week: Over 100 Ukrainian refugees will be housed in 28 units on the Ballyhaunis Road in Claremorris https://www.mayonews.ie/news/home/1261499/ukrainian-refugees-to-move-into-claremorris-modular-houses-this-week.html
- Report critical of ‘embarrassing’ Knock hostel deal agreed by Order of Malta – Project to open bed and breakfast for pilgrims near Knock shrine lost charity more than €50,000 https://www.irishtimes.com/ireland/social-affairs/2023/08/03/report-criticises-embarrassing-knock-hostel-deal-agreed-by-order-of-malta/
- Rewild Wicklow Group granted Charity Status https://wicklownews.net/2023/08/rewild-wicklow-group-granted-charity-status/
- Planning REFUSED for mobile home cladded in timber as a log cabin in Tipperary https://www.tipperarylive.ie/news/home/1264252/revealed-planning-refused-for-mobile-home-cladded-in-timber-as-a-log-cabin-in-tipperary.html
- Defective concrete block are destroying communities in Donegal https://highlandradio.com/2023/08/04/defective-concrete-block-are-destroying-communities-in-donegal-prof-dunlop/
CONSTRUCTION, MMC & DEVELOPMENT NEWS

- Have you been involved in the delivery of Ireland’s ‘MMC Project of the Year 2023’? MMC Ireland this week welcomed the inclusion of a new category in this year’s Irish Construction Industry Awards, recognising excellence in the delivery of offsite and other #MMC projects across Ireland (in any sector). Hear from 2022 winners here: https://youtu.be/L209kZs0jwM Further details and to apply, click👉 https://constructionawards.ie (*Application deadline extended for MMC category until Wednesday 9th August)
- Call for ‘realistic’ estimates on big State projects amid backlash against Government: National Transport Authority warns ‘lump sum’ contracts damaging public confidence when costs overrun https://www.irishtimes.com/business/2023/08/01/capital-projects-face-condemnation-due-to-rosy-initial-cost-estimates/
- Planned cost of a new government data centre designed to accelerate its ICT strategy has continued to soar. Construction of the facility is now expected to cost €80m, compared with a €30m price tag when it was first proposed in 2018 https://m.independent.ie/business/irish/cost-of-new-government-data-centre-surges-again-to-hit-80m/a1596387942.html
- Expert in contentious construction disputes put on national children’s hospital board: Minister for Health Stephen Donnelly has announced a number of appointments and reappointments to the board https://www.irishtimes.com/politics/2023/08/04/expert-in-contentious-construction-disputes-put-on-national-childrens-hospital-board/
- UK watchdog’s move to drop Kingspan prompts questions in Ireland: Move follows British standards body BRE cutting ties with firm on foot of Grenfell fire inquiryhttps://www.businesspost.ie/news/uk-watchdogs-move-to-drop-kingspan-prompts-questions-in-ireland/
- Worker health in danger from extreme weather https://www.irishexaminer.com/news/arid-41195929.html
- Developer can appeal to Supreme Court against strike-down of permission for nearly 1,600 Dublin homes: In excess of €600m build-to-rent scheme overturned in January due in part to protected structures assessment https://www.irishtimes.com/business/2023/08/03/developer-can-appeal-to-supreme-court-against-strike-down-of-permission-for-1600-dublin-homes/
- Dispute between Johnny Ronan and Fortress investor enters Commercial Court: Developer’s companies are seeking damages for alleged breach of contract https://www.irishtimes.com/business/2023/07/31/dispute-between-johnny-ronan-and-fortress-investor-enters-commercial-court/
- Supreme Court to hear with ‘expedition’ appeal over 2020 permission for 416 Dublin homes: Developer, An Bord Pleanála and State parties stress ‘real risk’ that five-year permission could be undermined by delay in court case https://www.irishtimes.com/business/2023/08/02/supreme-court-to-hear-with-expedition-appeal-over-2020-permission-for-416-dublin-homes/?utm_source=newsshowcase
- New 142-bedroom hotel in Howth gets the green light https://m.independent.ie/regionals/dublin/dublin-news/new-142-bedroom-hotel-in-howth-gets-the-green-light/a1618247388.html Also: Tetrarch gets go-ahead for destination’ hotel in Howth: The former Deer Park hotel, which currently houses Ukrainian refugees, is to be demolished to make way for the luxury development https://www.businesspost.ie/article/tetrarch-gets-go-ahead-for-destination-hotel-in-howth/
- Archaeologists investigating after discovery at North Cork site earmarked for modular homes – Construction of the new housing units is continuing onsite while experts investigate the area https://www.corkbeo.ie/news/local-news/archaeologists-investigating-after-discovery-north-27441274
- Decision due shortly on expansion of Warehouse Gym in Oranmore https://galwaybayfm.ie/galway-bay-fm-news-desk/decision-due-shortly-on-expansion-of-warehouse-gym-in-oranmore/
- An appeal has been lodged with An Bord Pleanala over the refusal of 49 homes in Athenry https://galwaybayfm.ie/galway-bay-fm-news-desk/appeal-to-an-bord-pleanala-over-refusal-of-49-homes-in-athenry/
- Permission sought for 91 new homes in Athenry town https://connachttribune.ie/permission-sought-for-91-new-homes-in-athenry-town/
- Popular Galway Hotel to be transformed after planning permission approval https://www.galwaybeo.ie/news/galway-news/popular-galway-hotel-transformed-after-8639936
- End of era for Galway college after 50 years as new build replacing iconic spot: The state of the art new building will solidify the future of learning in University of Galway https://www.galwaybeo.ie/news/galway-news/end-era-galway-college-after-8651368
- Limerick Council approves plan for new student apartment block https://www.limerickleader.ie/news/home/1260900/limerick-council-approves-plan-for-new-student-apartment-block.html
- 21 city centre apartments given the go ahead by Limerick Council https://www.limerickpost.ie/2023/07/29/21-city-centre-apartments-given-the-go-ahead-by-council/
- Planning go-ahead given for major development at Waterford GAA grounds https://www.ireland-live.ie/news/waterford-live/1265386/planning-go-ahead-given-for-major-development-at-waterford-gaa-grounds.html
- BREAKING: Plans for €100m industrial facility with potentially hundreds of jobs in Kildare https://www.kildarenow.com/news/home/1263571/breaking-plans-for-large-industrial-facility-near-kildare-town.html
- High Court overturns permission for 192 homes in Co Kildare: Permission for development at site quashed for second time following court challenges by community group https://www.irishtimes.com/business/2023/07/31/high-court-overturns-permission-for-192-homes-in-co-kildare/
- Plans for €13m housing development within walking distance of Naas town, Kildare https://www.kildarenow.com/news/home/1264392/kildare-plans-for-13m-housing-development-within-walking-distance-of-naas-town.html
- €2.6m project for front of Naas Shopping Centre is approved https://www.leinsterleader.ie/news/home/1262249/kildare-2-6m-project-for-front-of-naas-shopping-centre-is-approved.html
- Government urged to drop ‘flawed’ plans for Ukrainian modular homes in Wicklow https://m.independent.ie/regionals/wicklow/west-wicklow-news/government-urged-to-drop-flawed-plans-for-ukrainian-modular-homes-in-wicklow/a1836293582.html
- Plans progressing for new housing development at Dublin Road in Dundalk -37 new homes planned https://www.dundalkdemocrat.ie/news/home/1262986/plans-progressing-for-new-housing-development-at-dublin-road-in-dundalk.html
- Planning permission granted for nursing home on the Laois/Kildare border https://www.laoistoday.ie/2023/08/05/planning-permission-granted-for-nursing-home-on-the-laois-kildare-border/
- €1.5 million being provided for affordable homes in Carlow. 20 houses will be located at Cois Deabhara on the Tullow Road. https://kclr96fm.com/1-5-million-euros-being-provided-for-affordable-homes-in-carlow/
- Planning permission lodged for a number of two-storey detached dwellings in Carlow: The application by Dunneace Construction Ltd will see the demolition of an existing two storey derelict dwelling at the site on the Hanover Road https://kclr96fm.com/planning-permission-lodged-for-a-number-of-two-storey-detached-dwellings-in-carlow/
- PAVATEX is a sustainable wood-fibre thermal insulation from Soprema and is well-known for its excellent thermal performance and heat storage capacity, superior breathability moisture control and good acoustic properties https://irishbuildingmagazine.ie/2023/07/31/designing-and-constructing-more-energy-efficient-buildings-with-sopremas-pavatex-insulation/
- Heathrow trials GGBS cement: Heathrow Airport is trialling reduced carbon cement from Cemex and Ecocem to reduce emissions on the ground https://www.theconstructionindex.co.uk/news/view/heathrow-trials-ggbs-cement
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
- JP Morgan launches banking unit to back promising Irish start-ups https://www.siliconrepublic.com/start-ups/jp-morgan-chase-ireland-commercial-banking-unit-startups-adrian-mullett
- Proptech: Building a smarter future with increasing use of technology and AI: From controlling user recognition software to learning building habits and making corresponding adjustments, technology’s role in property management is just getting started https://www.businesspost.ie/article/building-a-smarter-future-with-increasing-use-of-technology-and-ai/
- Harcourt looks to standardise 3D construction printing – Developers of Ireland’s first 3D printed house hope that it will pave the way for industry standards and protocols for both Ireland and the UK. https://www.theconstructionindex.co.uk/news/view/harcourt-looks-to-standardise-3d-construction-printing
- Building the future: the construction industry outlook – New research from construction software company Procore uncovers how construction leaders across the UK and Ireland feel about the future of the industry https://www.raconteur.net/uncategorized/building-the-future-the-construction-industry-outlook
- How cloud-based solutions are evolving construction https://www.pbctoday.co.uk/news/digital-construction-news/how-cloud-based-solutions-are-evolving-construction/130513/
- Proptech Trends That Could Disrupt the Industry – What are the limits of technology in the real estate business? https://www.financemagnates.com/institutional-forex/technology/proptech-trends-that-could-disrupt-the-industry/amp/
- London VC firm A/O launches €250m fund for proptech start-ups https://www.siliconrepublic.com/start-ups/ao-venture-capital-proptech-startups-fund-2-climate-sustainability
- Berlin proptech start-up dao raises €1.5M to put AI in the hands of property managers: Berlin-based proptech start-up dao raises €1.5 million to streamline the rental process with AI https://tech.eu/2023/08/02/berlin-proptech-dao-eur15-million-ai-property-managers/
- Vienna-based proptech InovaReal raises €250k in pre-seed to digitize the entire real-state process https://www.eu-startups.com/2023/08/vienna-based-proptech-inovareal-raises-e250k-in-pre-seed-to-digitize-the-entire-real-state-process/
- How Proptech Is Trying to Pave the Way Back to the Office https://finance.yahoo.com/amphtml/news/proptech-trying-pave-way-back-143047804.html
- IoT Proptech Firm UV Angel Gets $11M Series A Round Extension https://www.globest.com/2023/08/04/iot-proptech-firm-uv-angel-gets-11m-series-a-round-extension/?amp=1
ENERGY, CLIMATE & ENVIRONMENT

- Ireland to launch €15 million charging scheme https://www.electrive.com/2023/08/01/ireland-to-launch-e15-million-charging-scheme/
- EDF Renewables Ireland will provide details of its Carlow wind farm project at a public exhibition in the Lord Bagenal Inn, Leighlinbridge on Monday 15 August https://carlow-nationalist.ie/2023/08/04/details-of-proposed-co-carlow-wind-farm-will-be-unveiled-at-open-forum/
- Superconductor discovery could solve the global energy crisis: A conductor has been discovered which could turn ‘the whole energy transmission landscape on its head’, according to Professor Andrew Keane, director of the UCD Energy Institute https://www.businesspost.ie/news/superconductor-discovery-could-solve-the-global-energy-crisis/
- Viotas, a virtual power plant, uses electricity companies to help balance the power system in Ireland as the country moves more towards renewable energy https://www.limerickpost.ie/2023/08/05/limerick-company-puts-power-in-the-hands-of-electricity-consumers/
- High Court challenge brought by NGOs against proposed Biogas plant in Galway – The NGOs claim that the proposed plant will be located in an environmentally sensitive area https://www.thejournal.ie/gort-6135679-Aug2023/
RESIDENTIAL PROPERTY NEWS (including PRS)

- Rebel reloads for fresh attack on Ires management: Vision Capital, which has a 5 per cent stake, is unhappy with strategy https://www.thetimes.co.uk/article/rebel-reloads-fresh-attack-ires-management-7867cs3p8
- The average cost of a new property in each county last year revealed in new study https://www.mayonews.ie/news/national-news/1265213/the-average-cost-of-a-new-property-in-each-county-last-year-revealed-in-new-study.html
- Housing Crisis: Demand for houses in Ireland not likely to decrease as many say they wish to buy: Many of those surveyed who said they’d like to purchase their own home in the next five years don’t believe they will be able to do so https://www.buzz.ie/news/irish-news/housing-demand-ireland-property-prices-30609747.amp More: Large numbers want to buy a home but many expect to be disappointed https://m.independent.ie/business/personal-finance/large-numbers-want-to-buy-a-home-but-many-expect-to-be-disappointed/a2007354520.html
- Wicklow eclipses Dublin as most expensive county in which to buy property – Geowox report indicates the median or middle price paid for a home in Wicklow in the second quarter of this year was €425,000 https://www.irishtimes.com/business/2023/08/04/wicklow-eclipses-dublin-as-most-expensive-county-to-buy-property/
- Trophy homes triumph due to high demand and short supply: Unaffected by the hikes in interest rates, cash buyers from here and abroad are snapping up large, turnkey houses in desirable areas https://www.businesspost.ie/property/big-read-trophy-homes-triumph-due-to-high-demand-and-short-supply/
- Ireland’s best mortgage deals right now as rates to climb higher: Irish households are advised to fix their short-term home loans now to stop rate monthly repayments from ballooning https://www.thetimes.co.uk/article/ireland-best-mortgage-deals-right-now-rates-climb-higher-hzft6mqmw
- Crackdown on rogue Airbnbs ‘an absolute no-brainer’ in the housing crisis – Healy: There has been a 57% increase in Airbnbs in Dublin in the last year. https://www.newstalk.com/news/crackdown-on-rogue-airbnbs-an-absolute-no-brainer-in-the-housing-crisis-healy-1492398 Also: It may soon be too late to do anything about some Airbnb lets: While plans to regulate the sector are delayed, anyone who can produce documentary evidence that they’ve been an Airbnb host for seven years or more will be in the clear https://www.irishtimes.com/opinion/2023/08/02/frank-mcdonald-it-may-soon-be-too-late-to-do-anything-about-some-airbnb-lets/
- Defective homes repairs should be funded by surpluses, Coalition told – Irish Hardware Association submits proposals to tackle cost of building homes https://www.irishtimes.com/ireland/housing-planning/2023/08/01/defective-homes-repairs-should-be-funded-by-surpluses-coalition-told/
- Ireland’s largest landlord posts a loss of nearly €44m after portfolio reevaluation: Loss attributable to higher interest rates and inflation, company said https://www.irishexaminer.com/business/companies/arid-41197279.html
- Suspended sentence for stealing €12,000 through rental scam: Man used fictitious name and doctored contract he had previously received from a letting agency https://www.irishtimes.com/crime-law/courts/2023/07/31/suspended-sentence-for-stealing-12000-through-rental-scam/
- Vacant houses key to ‘releasing pressure’ on housing crisis, says Cork TD after recently published CSO Census 2022 Profile 2 – Housing in Ireland report revealed that the number of vacant dwellings in Cork city and county was 17,055 https://www.echolive.ie/corknews/arid-41198869.html
- Cork’s Lord Mayor calls for incentives for small landlords to bolster rental market https://www.echolive.ie/corknews/arid-41196082.html
- Limerick fast becoming worst place in Ireland to own derelict property: Council conducts over 100 derelict and vacant property inspections every month https://www.irishexaminer.com/news/spotlight/arid-41197516.html
- A range of new measures to address succession rights in local authority housing have been given the green light. https://www.ireland-live.ie/news/kilkenny-live/1263026/new-measures-approved-for-council-housing-in-kilkenny.html
- Howth battle brews as legal salvo launched against Riverdance duo: Peter Aiken and his wife Mary have launched a High Court action against Howth neighbours; Riverdance duo John McColgan and Moya Doherty, and Gay Byrne’s daughter Suzy O’Byrne. https://thecurrency.news/articles/125128/howth-battle-brews-as-legal-salvo-launched-against-riverdance-duo/#
- Tuath announces launch of application process for Louth’s first ever cost rental homes https://www.irishrealestate.news/tuath-housing-announces-launch-of-application-process-for-louths-first-ever-cost-rental-homes/
- House built in Meath without planning permission a ‘circus’ for locals https://www.newstalk.com/news/house-built-in-meath-without-planning-permission-a-circus-for-locals-1494482
- Homebuyers’ appetite for a sea view is boosting property values: Some popular areas in East Cork have seen a 30% increase on costal property sales, says one estate agent https://www.irishexaminer.com/property/developmentconstruction/arid-41197708.html
- Historic Galway building hits market as buyer urgently wanted for €850k seaside home: It’s a slice of history and a distinct seaside property https://www.galwaybeo.ie/culture/historic-galway-building-hits-market-8656540
- Irish Castle With Four Private Islands Lists for €7.5 Million: The 17th-century home is part of a nearly 450-acre property known as the Belle Isle Estate in County Fermanagh https://www.mansionglobal.com/amp/articles/irish-castle-with-four-private-islands-lists-for-7-5-million-cf4f65ef
COMMERCIAL PROPERTY NEWS

- The corrections: Irish property is taking a very deep breath – A slowdown in funds investing in property has led to a contraction in activity throughout the globe. How is that affecting the Irish market? https://m.independent.ie/business/commercial-property/the-corrections-irish-property-is-taking-a-very-deep-breath/a627701380.html
- Ireland’s investment market came to a near-standstill in Q2 2023 with just €333.4m of income-producing property changing hands. This was 47% down on Q1, and 73% down on Q2 2022 – even when one exceptionally large deal from that quarter is excluded. In an international context, Ireland’s market suffered the 3rd sharpest slowdown in commercial property investment across 27 countries over the first half of 2023. https://www.irishrealestate.news/investment-market-comes-to-near-standstill-as-slow-price-adjustment-drags-on-activity/
- New air-conditioning and full refurbishment brings OPW €8.6m bill at city centre office https://m.independent.ie/irish-news/new-air-conditioning-and-full-refurbishment-brings-opw-86m-bill-at-city-centre-office/a1381826777.html
- Superdrug to open tenth Ireland store at Dundrum Town Centre https://www.theretailbulletin.com/health-and-beauty/superdrug-to-open-tenth-ireland-store-at-dundrum-town-centre-31-07-2023/
- Champion Green Pop-Up Store Opens On Clarendon Street https://businessplus.ie/ma/start-ups/champion-green-pop-up-store/
- Dún Laoghaire main street: After years of shop closures, is it turning a corner? Shop-owners in the south Dublin town are tackling vacancy and dereliction by giving their shopfronts facelifts to attract customers back from rival areas such as Dundrum https://www.irishtimes.com/ireland/housing-planning/2023/08/05/after-years-of-shop-closures-and-rising-vacancy-is-dun-laoghaires-main-street-turning-a-corner/
- Popular Dublin pub set to close this month amid sale: 57 The Headline on Clanbrassil Street originally went up for sale back in May of this year – and it seems that new buyers are ready to close the deal https://www.dublinlive.ie/whats-on/popular-dublin-pub-set-close-27437256
- Carlow Shopping Centre sees new opening this week after a long-run of businesses closing their doors https://www.carlowlive.ie/news/home/1261817/carlow-shopping-centre-sees-new-opening-this-week-after-a-long-run-of-businesses-closing-their-doors.html
- Planning application submitted to expand Bagenalstown Industrial Park costing €2.7m https://www.carlowlive.ie/news/home/1263728/planning-application-submitted-to-expand-bagenalstown-industrial-park-costing-2-7m.html
- Frankie Whelehan on his comeback: “I am going to go out and buy a mirror, and write the word ‘No,’ on it”: Hotelier and businessman Frankie Whelehan has just sold his group procurement firm First Choice Purchasing for over €15m to Aramark https://thecurrency.news/articles/124242/frankie-whelehan-on-his-comeback-i-am-going-to-go-out-and-buy-a-mirror-and-write-the-word-no-on-it/
INTERNATIONAL PROPERTY NEWS

- Girona’s Camiral Resort offers exclusive high-end golf holiday homes: Villas in Denis O’Brien’s development on the Costa Brava, which is home to two championship golf courses, start at €1.7 million phttps://www.businesspost.ie/property/gironas-camiral-resort-offers-exclusive-high-end-golf-holiday-homes/
- The UK’s construction sector returned to growth in July as an uptick in commercial work offset sharp falls for residential housebuilding, as interest rate rises and cost-of-living pressures dealt a “hammer blow” to the housing market https://www.ireland-live.ie/news/uk/1264447/construction-sector-grows-despite-rate-rises-dealing-hammer-blow-to-housing.html
- US offices are sitting empty – business owners will have to adapt: You’d better not wait – small businesses must reconsider their location and business model to survive in this new era https://www.theguardian.com/business/2023/jul/30/us-small-business-office-workers-gene-marks
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/
