construction news ireland

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

Merry Christmas from all the Property District team: Thank you for your amazing support this year – we genuinely appreciate every story followed, every podcast listened to, and every video watched (we even appreciated most of the comments!). We are ending the year with an average of 1.5+ million digital impressions PER MONTH across our brands, including iPropertyRadio, PLACEengage, Irish Real Estate and Construction Ireland, which is huge for this industry. Thank you. 

So, if you are toying with TikTik or perhaps 2024 is the year to get your brand ‘on message’ and to showcase the talents of your team, contact Katie@propertydistrict.ie to discuss a strategy. 

(While we hope you will not need it, life happens. Our 24/7 crisis communications arrangements remain in place for clients over the holiday period – please use the mobile number provided)

Property District Christmas

Property District Christmas

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

For anyone following the iProperty Radio journey over the past five years (we’re officially five years broadcasting in January 2024!), the growth in audience numbers, video watches and volume of engagements across our social media has been nothing short of phenomenal for a few weekly niche real estate and construction chats per week – our digital reach/impressions (different metrics on different channels) now consistently exceeds 1.2 million per month and regularly exceeds 1.5 million. There are now 13 different shows on the channel, from Ireland, mainland Europe, the UK, the US and Australia, with five of those focused on the Irish marketplace. As we approach our 5th birthday, we would like to thank all of our sponsors, guests and contributors, and you the industry for giving us your time and attention. We genuinely appreciate it and want to keep getting better for you. We have a super construction leaders series coming to the ‘Breaking Ground’ show for 2024. Over the coming weeks we have a great line-up, including an interview with Ronan Lyons about why the government consistently underestimates Ireland’s growth and what  can be done to improve project viability across the regions. 

This week on iProperty Radio…

#Property Roundup

For our final ‘Property Roundup’ show of 2023, Sean Corbett QFA, Head of Mortgages with SYS Group, joins us to discuss Ireland’s mortgage market, including home buyer trends nationwide.

He also discusses the lack of competition in the marketplace right  now and gives a glimmer of hope for new mortgage applicants in 2024.

*Property Roundup is sponsored by Daft.ie, Ireland’s most visited property website 

*Watch/ listen back: https://ipropertyradio.com/property-roundup/ 

iProperty Radio: The year that was… 

#Property Roundup

One of our most watched and downloaded ‘PropertyRoundup’ shows on iPropertyRadio.com this year was recorded in the REA McGee in Tallaght where we chatted to managing director, Anthony McGee about the ever evolving business of estate agency. 

Watch back: https://youtu.be/JwEqesjwzFc?si=hrnFNimow9N_Uop3 

Also, the iProperty Radio team, in partnership with Daft.ie, will be travelling across the country in 2024, meeting estate agents and learning about rental and sales trends on the ground. If you would like to get involved in these ‘Property Roundup’ shows, email hello@ipropertyradio.com.

*Property Roundup is sponsored by Daft.ie, Ireland’s most visited property website 

*Watch/ listen back: https://ipropertyradio.com/property-roundup/ 

#Proptech Hot Seat

In the most watched and listened to ’Proptech Hot Seat’ show of 2023, Aria Pour, CEO of Bynaric, a technology company that specialises in providing innovative software solutions for property management, talks about the launch of FairSelect, a tenant selection and onboarding software for the housing sector, used to operate the ‘lotto’ cost rental scheme in Ireland.

Watch back: https://youtu.be/qiLRKrcj__Q?si=5JDMWeKqLzzqLPJH 

Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders https://prop-tech.ie/

Watch/ listen back: https://ipropertyradio.com/proptech-hot-seat/

#BreakingGround

A vision for Dublin, despite a “broken and dysfunctional” planning system

On one of our most downloaded  ‘Breaking Ground’ shows of the year Tony Reddy, Chairman Reddy Architecture + Urbanism, talks  about why the Irish planning system is no longer functioning effectively to meet the needs of our society; why European planning practice should be our vision for the future; and the impact of a poorly functioning planning system on Ireland’s ability to attract Foreign Direct Investment.

“Communities are increasingly concerned; developers, architects and planners frustrated, and politicians under constant pressure due to issues arising from almost every development proposal, particularly for new housing schemes…”

Watch back: https://youtu.be/J6gsN8gMsYg?si=zmcqBRdz8Q2LBg0v 

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 https://placeengage.com/

*Watch back and listen back: 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/

*New podcast alert*

It’s not on iProperty Radio, but we’ll forgive that if it entertains us… More importantly, it means we don’t need to rehash the year that was as Matt Cooper and Ivan Yates have reunited to review 2023 on ‘Path to Power’, a new podcast officially launching in the early new year. 

Listen back to hear their respective take on immigration, law and order, health, housing and more; understanding where politics intersects.      

Listen back: https://open.spotify.com/episode/24HYcLBh8JiAOA5Cgutm9S?si=QLYPrUhzSZysyVNJGDwE_A 

Ivan Yates and Matt Cooper

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

  • Céard é Comhfhorbairt Áite? “Teastaíonn dea-áitíocht saineolaithe ildisciplíneacha freagraí a chur ar fáil, ach tugann áitíocht maith guth don phobal chun na ceisteanna cearta a chur ar bun.” 👉https://placeengage.com/ceard-e-comhfhorbairt-aite/ 

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

*IMPORTANT EMPLOYMENT UPDATE: In a significant development for Ireland’s construction industry, Minister Neale Richmond TD has announced the largest ever expansion of the employment permits system, introducing comprehensive changes that will greatly impact the sector. This update includes the addition of 43 occupations eligible for Employment Permits, encompassing a wide range of sectors: https://enterprise.gov.ie/en/news-and-events/department-news/2023/december/20122023.html  Notably, several critical roles crucial for modern methods of construction (MMC) have been added to the Critical Skills Occupations List, including:

  • *Professional Forester
  • *Resource Modelling, Earth Observation, and Data Analyst
  • *Operational Forecaster
  • *Chemical Engineer
  • *Project Engineer
  • *BIM Manager
  • *Commercial Manager
  • *BIM Coordinator/Technician
  • *Estimator

The update also sees a rise in the salary requirement for the majority of General Employment Permit holders, increasing from €30,000 to €34,000 starting in January 2024. This change is accompanied by the implementation of a Labour Market Needs Test (LMNT) that must reflect the revised thresholds to be considered valid. Minister Richmond emphasized the importance of these changes for addressing real skills shortages impacting businesses across Ireland. Last year alone, 40,000 permits were issued, shining a light on the high demand in this sector. The roadmap for increasing salary thresholds for all types of employment permits has also been announced. This gradual increase in salaries aims to balance the rights of the workers with the needs of businesses to prepare for the impact of these changes, ensuring fair employment standards while contributing to economic growth and cultural enrichment. This update presents a significant opportunity for the construction sector in Ireland to enhance its workforce with skilled professionals, thereby supporting key initiatives like Housing for All and the National Development Plan. Businesses in the construction industry are now encouraged to adapt their hiring strategies and workforce development plans to align with these policy changes.

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)

Monalea Gorey Co Wexford

COMMERCIAL PROPERTY NEWS

INTERNATIONAL PROPERTY NEWS

  • ‘We built our own co-housing community’: New Ground community in Barnet – The space in High Barnet has been carefully designed for, and by, its residents – all of whom are women aged over 50. https://www.bbc.com/news/articles/clmerv5ev88o

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/

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