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:

- Does your construction or real estate brand need to reach a new audience? Above is a snapshot of the first 48-hours of a new TikTok channel started for a pre-launch startup. Right now, TikTok’s organic reach is unparalleled. Contact the www.propertydistrict.ie team to explore options for your brand info@propertydistrict.ie
- Euro-area inflation surged to a fresh all-time high, while the bloc’s economy lost momentum — reinforcing fears that a recession is now all-but unavoidable. https://m.independent.ie/business/world/eurozone-inflation-soars-to-new-record-as-economy-fades-42107576.html
- Properties to be hit with new land tax unveiled: Owners have two months to dispute their inclusions on tax register https://www.irishtimes.com/ireland/housing-planning/2022/11/03/properties-to-be-hit-with-new-land-tax-unveiled/
- New court to deal with planning and environmental issues approved by Government: Justice Minister Helen McEntee received permission to establish the court from the Cabinet today. https://www.thejournal.ie/new-planning-court-5909070-Nov2022/
- The Right Moves: Investing is tough as property market edges its way towards price discovery https://m.independent.ie/business/commercial-property/the-right-moves-investing-is-tough-as-property-market-edges-its-way-towards-price-discovery-42115050.html
- Housing crisis is eroding Irish education system’s advantages: This situation could have been mitigated if successive governments had listened to the experts, taken action, and planned ahead https://www.irishexaminer.com/opinion/commentanalysis/arid-40994762.html
- First ‘defective blocks’ claims served in High Court by Donegal couple https://www.donegaldaily.com/2022/11/01/first-defective-blocks-claims-served-in-high-court-by-donegal-couple/
- Most people believe the Irish banks are not competitive https://m.independent.ie/business/irish/most-people-believe-the-irish-banks-are-not-competitive-42121991.html
- ‘Build Your Own Home’ review: Inside Cork couple’s dream house in former ‘rave cave’: Master builder Harrison Gardner is impressed with Esther Foreman and Damian McDonald’s self-build https://www.irishexaminer.com/property/homeandgardens/arid-40997888.html
- Women on Construction Sites: Our Community Shares their Thoughts, Concerns, and Outlook for the Future https://www.archdaily.com/991068/women-on-construction-sites-our-community-shares-their-thoughts-concerns-and-outlook-for-the-future
- Will we ever… live in city-sized buildings? https://www.bbc.com/future/article/20221028-will-we-ever-live-in-city-sized-buildings?ocid=ww.social.link.linkedin
- Central Bank chief Gabriel Makhlouf calls for tighter rules in fund sector https://m.independent.ie/business/irish/central-bank-chief-gabriel-makhlouf-calls-for-tighter-rules-in-fund-sector-42114982.html
- Central Bank could ‘take action’ to delay Ulster Bank and KBC Bank exits: Governor Gabriel Makhlouf says the process has ‘left something to be desired’ https://www.irishtimes.com/business/financial-services/2022/11/02/more-regulation-of-non-bank-sector-may-be-required-says-central-bank/
- Hundreds of Irish Twitter workers anxiously wait for news on their jobs; Twitter is laying off up to half its global workforce. https://www.newstalk.com/news/hundreds-of-irish-twitter-workers-anxiously-wait-for-news-on-their-jobs-1398819
- Recession Ireland: Top economist makes grim prediction about Dublin’s tech ‘dream’: Twitter and Stripe, the online payment company, shed a significant number of their staff this week https://www.dublinlive.ie/news/dublin-news/recession-ireland-top-economist-makes-25442302.amp
- Nearly $2bn has been spent on virtual land in the past 12 months, as people and companies race to get a foothold in the metaverse. But we are years away from the metaverse emerging as a single immersive space where people can live, work and play. So is the land grab one big gamble? https://www.bbc.com/news/technology-63488059

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 the show on iPropertyRadio.com, email hello@ipropertyradio.com
Sonitus Systems’ Paul McDonald: Increasing Demand for Sound Sensors in Smart Buildings
In the iPropertyRadio.com Proptech Hot Seat this week Paul McDonald, MD of Sonitus Systems, discusses the growing importance of acoustic awareness for workplaces and the technologies supporting this.
Hear more about how the team at Sonitus Systems are helping smart buildings owners and occupiers to monitor and manage noise.
Watch back and listen back: https://ipropertyradio.com/proptech-hot-seat/
Produced by Hear Me Roar Media https://hearmeroarmedia.com
PLACEMAKING
OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

- Digital Placemaking Tools for Public Consultation & Community Engagement | PLACEengage https://placeengage.com/digital-placemaking-tools-for-public-consultation-community-engagement/
- People come to live and work in Ireland for many reasons, but low taxes is not one of them – Ireland has a competitive tax environment for companies but we do not compete well when it comes to personal tax https://www.irishexaminer.com/business/economy/arid-40995161.html
- Redrawing the social contract – Is this the Ireland we want to continue to build? https://www.irishexaminer.com/opinion/commentanalysis/arid-40996118.html
- Checklist for building a sustainable home in Ireland https://villagemagazine.ie/checklist-for-sustainable-building-by-caroline-hurley/
- Parnell Square project begins with construction of new library and restoration work: The works are part of the Parnell Square project which aims to bring a new cultural quarter around the Garden of Remembrance https://www.dublinlive.ie/news/dublin-news/parnell-square-project-begins-construction-25432941
- Novas’ Bella House makeover creates a home away from home: DFS and Carton Interiors stepped in to deliver fresh new living spaces that offer comfort and a warm welcome to homeless women in Drumcondra https://www.businesspost.ie/property/novas-bella-house-makeover-creates-a-home-away-from-home/
Move quickly to reduce number of cars on Dublin streets: Paris transport chief: The city’s deputy mayor says resistance is to be expected to new transport plans that target cars, but that urban spaces need to be reimagined for the 21st century https://www.businesspost.ie/politics/move-quickly-to-reduce-number-of-cars-on-dublin-streets-paris-transport-chief/
- From big city to small city: Kilkenny beats the capital in lifestyle stakes: Why a compact city like Kilkenny is the perfect place to live for a happier, calmer and greener life https://www.kilkennypeople.ie/news/your-community/957003/from-big-city-to-small-city-kilkenny-beats-the-capital-in-lifestyle-stakes.html
- Here come the rainforests again: €12m project aims for ambitious restoration: A West Clare environmental group – proudly supported by Property District – is working with local communities and landowners to encourage the reintroduction of native woodland https://www.businesspost.ie/news/here-come-the-rainforests-again-e12m-project-aims-for-ambitious-restoration/
- Cork council approach dioceses and religious groups seeking property for housing: “there could still be potential there, amongst various religious groups or institutions, that there may be either land or property that isn’t being used.” https://www.echolive.ie/corknews/arid-40995554.html
- Galway City CEO says another bridge across Corrib “vital” to solving traffic issues https://connachttribune.ie/city-ceo-says-another-bridge-across-corrib-vital-to-solving-traffic-issues/amp/
- Almost €50,000 in funding announced for Men’s sheds across Galway https://connachttribune.ie/almost-e50000-in-funding-announced-for-mens-sheds-across-galway/
- “Fear and anxiety” at anti-social behaviour in Eyre Square https://www.galwaydaily.com/news/fear-and-anxiety-at-anti-social-behaviour-in-eyre-square/
- Almost a quarter of Ireland’s lake area is in Galway https://connachttribune.ie/almost-a-quarter-of-irelands-lake-area-is-in-galway/amp/
- Plans for major regeneration of St Nicholas Quarter in Dundalk move a step forward https://www.lmfm.ie/news/lmfm-news/plans-for-major-regeneration-of-st-nicholas-quarter-in-dundalk-move-a-step-forward/
- Can an Irish tourist town cope with an influx of Ukrainian war refugees? Twenty Ukrainians arrived in Westport on Easter Sunday; there are now more than 650 there and the number is set to reach 1,000 by Christmas https://www.irishtimes.com/ireland/2022/10/31/can-an-irish-tourist-town-cope-with-an-influx-of-ukrainian-war-refugees/
- Arklow United plans new all-weather pitch to help grow female game in Wicklow https://m.independent.ie/regionals/wicklow/sport/arklow-united-plans-new-all-weather-pitch-to-help-grow-female-game-in-wicklow-42111819.html
- Housing in demand as population of Cahir surges: The Tipperary town has good connectivity in terms of motorway, rail and bus links and is expected to see its population rise 10% in the coming years https://www.irishexaminer.com/news/spotlight/arid-40996472.html
- Mullingar hospital opening new off campus Minor Injury Unit https://www.westmeathexaminer.ie/2022/11/01/mullingar-hospital-opening-new-off-campus-minor-injury-unit/
- The dramatic beauty of County Cavan is just waiting to be uncovered https://www.irishcentral.com/travel/dramatic-beauty-county-cavan.amp
- Castleisland ‘best placed to expand’ with services to cater for growing population: With its attractive setting, abundant school places, and versatile location, Castleisland is poised to grow in the coming years. But local leaders want to see it become much more than a commuter town https://www.irishexaminer.com/news/spotlight/arid-40996808.html
- Community group challenges plans for almost 100 houses and several shops in Kerry Pike: The Clogheen/Kerry Pike Community Association said local area plan for Kerry Pike said further growth should not exceed 10% of the village’s existing population https://www.irishexaminer.com/news/munster/arid-40998173.html
- Left in isolation: how the online revolution failed our elderly people: As day-to-day services increasingly move to the internet, older and vulnerable people are cut off https://www.theguardian.com/money/2022/oct/31/left-in-isolation-how-the-online-revolution-failed-our-elderly-people
CONSTRUCTION & DEVELOPMENT NEWS

- Number of new house builds falls by 14 per cent over the last year: Details of slowdown come as it was also revealed that the Department of Housing spent €452m less than forecast on capital projects, such as housebuilding, up to the end of October https://www.businesspost.ie/news/number-of-new-house-builds-falls-by-14-per-cent-over-the-last-year/
- Dublin City Council defies Planning Regulator over build-to-rent rules: New development plan will restrict build-to-rent schemes to 40 per cent of a development https://www.irishtimes.com/ireland/dublin/2022/11/01/dublin-city-council-defies-planning-regulator-over-build-to-rent-rules/
- Cabinet ministers are set to appoint the CIF as the statutory registration body for the Construction Industry Register Ireland (CIRI) today under proposals from housing minister Darragh O’Brien https://m.independent.ie/irish-news/politics/cabinet-briefing-314m-education-overrun-a-builders-register-and-outdated-laws-on-the-agenda-42112686.html
- Mick Clifford: Conclusions of An Bord Pleanála inquiry raise more questions than answers https://www.irishexaminer.com/opinion/commentanalysis/arid-40997525.html Also: An Bord Pleanála’s chairman stepped down today as increasing pressure over malpractice at the planning authority led to an intervention from Housing Minister Darragh O’Brien https://www.irishexaminer.com/news/arid-40998557.html Also, What now for An Bord Pleanála after losing its chair and deputy chair? The board faces a long road back https://www.irishexaminer.com/opinion/commentanalysis/arid-40998449.html
- Annual Update of Housing for All – Plan on track to exceed 2022 target for new homes https://www.gov.ie/en/press-release/589f0-annual-update-of-housing-for-all-plan-on-track-to-exceed-2022-target-for-new-homes/
- First contract to deliver 500 modular homes for Ukrainians due in January, says minister https://www.irishexaminer.com/news/arid-40995347.html
- The Journey to Homebuilding Excellence: “We are right in the middle of a major project, let’s get to that once this project is finished” – everyone in the industry knows this feeling. For leadership teams, when it comes to working on the business versus working in the business, too often the short-term crisis has to take priority over the longer term goals https://irishbuildingmagazine.ie/2022/11/01/big-things-have-small-beginnings-the-journey-to-homebuilding-excellence/
- Developer Bartra criticises councils ‘prohibiting’ large housing projects: Bartra claims council local area plans blocking developments are ‘not fit for purpose’ https://www.irishtimes.com/business/2022/11/04/property-developer-bartra-criticises-councils-prohibiting-large-housing-projects/
- Property crash survivor Johnny Ronan facing bumpy road ahead – Businessman is a central figure in some of the most high-profile property development schemes in the State https://www.irishtimes.com/business/2022/11/04/johnny-ronan-the-property-crash-survivor-facing-a-bumpy-road-ahead/
- Dublin City Councillors block future housing schemes beside St Anne’s Park: Raheny lands owned by Pat Crean’s Marlet zoned for open space in new city development plan https://www.irishtimes.com/ireland/dublin/2022/11/02/dublin-city-councillors-block-future-housing-schemes-beside-st-annes-park/ Also, Developer expected to take legal action against council over ‘dezoning’ of Raheny site: Pat Crean of Marlet Property Group may initiate judicial review of housing ban on site beside St Anne’s Park https://www.irishtimes.com/ireland/housing-planning/2022/11/04/developer-expected-to-take-legal-action-against-council-over-dezoning-of-raheny-site/
- Residents ‘appalled’ over mini-Manhattan plans to allow 12 buildings of 15-storeys in Dublin 8 https://m.independent.ie/regionals/dublin/dublin-news/residents-appalled-over-mini-manhattan-plans-to-allow-12-buildings-of-15-storeys-in-dublin-8-42114039.html
- Sites with investor and developer appeal in Clonee and Malahide go under the hammer https://m.independent.ie/business/commercial-property/sites-with-investor-and-developer-appeal-in-clonee-and-malahide-go-under-the-hammer-42115038.html
- AstraZeneca turns its attention to Dublin post-Covid: New ‘smart factory’ will allow British pharmaceutical giant to develop and commercialise multiple drugs at one site https://www.irishtimes.com/business/2022/11/04/astrazeneca-turns-its-attention-to-dublin-post-covid/
- Cork Minister ‘optimistic’ for more housing developments to come on stream: Mr McGrath made the comments while speaking to reporters in Cork yesterday at the official opening of NetApp’s new international headquarters on Albert Quay. https://www.echolive.ie/corknews/arid-40999403.html
- New images of revised proposals for Project Opera in city released https://www.live95fm.ie/news/live95-news/new-images-of-revised-proposals-for-project-opera-in-city-released/
- Planning refused for social housing development at Headford Road https://connachttribune.ie/planning-refused-for-social-housing-development-at-headford-road/amp/
- Plans for almost 100 homes in Oranmore rejected https://connachttribune.ie/plans-for-almost-100-homes-in-oranmore-rejected/amp/
- Eli Lilly’s investment in new biopharma plant will be at least €1.2 billion: Amount that US pharma giant is investing in Limerick facility is much more than originally thought, as scale and fit-out of campus emerges https://www.businesspost.ie/news/eli-lillys-investment-in-new-biopharma-plant-will-be-at-least-e1-2-billion/
- Waterford to welcome 197 new homes and a creche https://www.wlrfm.com/news/waterford-to-welcome-197-new-homes-and-a-creche-275480
- Hundreds Of Jobs At Risk As Planning Hits Aldi Expansion https://businessplus.ie/news/aldi-expansion-jobs/
- 75 Midlands Homes Get The Green Light https://www.midlands103.com/news/midlands-news/75-midlands-homes-get-the-green-light/
- Planning application lodged for 213 houses in Mullingar https://www.westmeathexaminer.ie/2022/11/01/planning-application-lodged-for-213-houses-in-mullingar/
- Nursing Home, Creche And Over 200 Homes Coming To Laois https://www.midlands103.com/news/midlands-news/nursing-home-creche-and-over-200-homes-coming-to-laois/
- Council to decide on planning application for 52 new homes in Tralee this week https://www.radiokerry.ie/news/council-to-decide-on-planning-application-for-52-new-homes-in-tralee-this-week-303753
- Roadbridge workers seek access to Irish statutory redundancy: Workers who transferred to UK during Covid pandemic say they have been paid off at inferior British statutory redundancy rates https://www.irishtimes.com/business/work/2022/11/01/roadbridge-workers-seek-access-to-irish-statutory-redundancy/
- Sales and profits fall at Rohan family’s property group: Development group founded by Ken Rohan sitting on shareholders’ funds of close to €170m https://www.irishtimes.com/business/2022/11/02/sales-and-profits-fall-at-rohan-familys-property-group/
- Construction firm Royal BAM posts revenue fall on inflation, supply chain woes https://www.reuters.com/business/dutch-construction-group-bams-9-month-revenue-falls-amid-inflation-supply-chain-2022-11-03/
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
- 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
- New joint initiative for female-led firms raising venture capital: Female-founded tech firms in Ireland raised €230m in 2021. While that’s an increase of 120pc on 2020, it still only represents just 13pc of all funding in this space: https://m.independent.ie/business/irish/new-joint-initiative-for-female-led-firms-raising-venture-capital-42103590.html
- Recession fears drive VC investment in Ireland down by half; Report by KPMG finds market conditions have led to a continued and significant cooling of global funding https://www.irishtimes.com/business/2022/11/01/recession-fears-drive-vc-investment-in-ireland-down-by-half/
- Passing referendum on EU patents court could lead to €1.7bn GDP boost https://m.independent.ie/business/irish/passing-referendum-on-eu-patents-court-could-lead-to-17bn-gdp-boost-says-ibec-42106453.html
- ‘Better buying and selling for everyone’: Check out Daft.ie’s new You Map It tool: Daft.ie collaborates with Allianz on new website feature. https://www.thejournal.ie/you-map-it-2-5908791-Nov2022/
- Topcon Positioning Systems has committed to making two significant donations to TU Dublin, Ireland’s first technological university, which will enhance students’ experience with education on the latest digital construction methods. https://amerisurv.com/2022/11/02/topcon-invests-in-the-future-of-construction-with-donation-to-tu-dublin/amp/
- Is Proptech Coming of Age? – Connect CRE https://www.connectcre.com/stories/is-proptech-coming-of-age/
- PropTech Today: how PropTech can ensure compliance within the sector https://www.estateagenttoday.co.uk/breaking-news/2022/11/prpptech-today-how-proptech-can-ensure-compliance-within-the-sector
- ‘Property sales revolution’ staging platform wins £5m funding: Flyp says it will help vendors sell homes for more and deliver agents sales leads and prevent fall-throughs and sluggish sales. https://thenegotiator.co.uk/property-revolution-staging-app-wins-5m-funding/
- Robots using the technology that powers driverless cars are cleaning the windows of some of the world’s tallest buildings. https://nocamels.com/2022/10/skys-the-limit-for-worlds-first-high-rise-robot-window-cleaner/
- Level locks had a secret Thread radio this whole time / A firmware update will bring Matter to all of Level’s locks, making them interesting outside the Apple Home ecosystem. https://www.theverge.com/2022/11/3/23438752/level-locks-thread-matter-firmware-update-google-samsung
- Simon Baker’s Proptech Group bought by Qube operator MRI: Proptech Group, which is based in Oz but operates in the UK, has been provisionally sold to MRI for £52 million pending stock exchange approval. https://thenegotiator.co.uk/simon-bakers-proptech-group-bought-by-qube-operator-mri/
- As winter looms, demand for heating proptech grows https://connectedremag.com/uncategorized/as-winter-looms-demand-for-heating-proptech-grows/
- Proptech Is Shaking Up the Real Estate Industry – Proptech companies received $13.8 billion in investments from VCs n 2021 https://labusinessjournal.com/real-estate/proptech-is-shaking-up-the-real-estate-industry/
- Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn | TechCrunch https://techcrunch.com/2022/11/02/proptech-in-review-3-investors-explain-how-finance-focused-proptech-startups-can-survive-the-downturn/
- Exclusive look: Luxembourg-based kodehyve bags €2.6 million to make real estate more collaborative | EU-Startups https://www.eu-startups.com/2022/11/exclusive-look-luxembourg-based-kodehyve-bags-e2-6-million-to-make-real-estate-more-collaborative/
- Proptech firm Opendoor lays off 550 employees amid challenging market https://newsroomodisha.com/proptech-firm-opendoor-lays-off-550-employees-amid-challenging-market/
- Meta says the Oculus Quest 3 will launch “next year”. Meta’s true Oculus Quest 2 successor is coming https://www.techradar.com/news/meta-says-the-oculus-quest-3-will-launch-next-year
- Matter has launched – but what does it mean for your smart home? The first Matter-certified products are almost here https://www.techadvisor.com/article/1370766/what-does-matter-mean-for-your-smart-home.html
- Propseller, a Singapore-based proptech firm, has closed a transaction for a S$20.5 million (around US$14.5 million) property in Sentosa Cove, marking the company’s largest deal so far. https://www.techinasia.com/propseller-close-14-million-deal
ENERGY, CLIMATE & ENVIRONMENT
- Stop pumping up the hype for retrofit – the ten failings of retrofit air source heat pumps https://m.independent.ie/life/home-garden/stop-pumping-up-the-hype-for-retrofit-the-ten-failings-of-retrofit-air-source-heat-pumps-42117483.html
- Claiming a UK first, the housebuilder has installed the low-carbon tech at the experimental eco-house The Future Home at the University of Salford. https://www.placenorthwest.co.uk/bellway-trials-roof-mounted-air-source-heat-pump/
- Shannon offshore wind target to generate six times Ireland’s need is ‘baseline estimate’: Eamon Ryan says Shannon Foynes Port can deliver more than 30 gigawatts by 2050, and is optimistic about other offshore wind projects despite two energy giants pulling out of market https://www.businesspost.ie/news/shannon-offshore-wind-target-to-generate-six-times-irelands-need-is-baseline-estimate/
- Environmental groups launch judicial review against Aughinish Alumina expansion https://www.radiokerry.ie/news/environmental-groups-launch-judicial-review-against-aughinish-alumina-expansion-304145
- Debunked: Five common climate myths and why they’re wrong: As COP27 climate summit begins in Egypt, here are the facts on climate change. https://www.thejournal.ie/climate-change-myths-facts-cop27-5908902-Nov2022/
- Three Galway projects awarded combined total of €1.09m for community climate action https://connachttribune.ie/three-galway-projects-awarded-combined-total-of-e1-09m-for-community-climate-action/amp/
- The Shannon estuary has been identified as one of the best locations in Europe to develop large-scale offshore wind energy. https://www.rte.ie/news/regional/2022/1104/1333221-shannon-wind/
- Glan Agua Ltd and Easy Hydro Ltd have entered a strategic alliance offering renewable electricity solutions to the water and wastewater industry across Ireland and UK. The partnership will assist the water industry in reducing carbon emissions, supporting the net-zero pledge and generating cost-effective, renewable green energy. https://irishbuildingmagazine.ie/2022/11/04/glan-agua-ltd-and-easy-hydro-ltd-enter-strategic-alliance/
RESIDENTIAL PROPERTY NEWS (including PRS)

- Irish property prices expected to avoid a dip in 2023 https://www.rte.ie/news/business/2022/1102/1332821-property-prices-cb/
- Dublin 4 residential rental portfolio at €24m offers buyer 4.83% yield: 35 apartments and eight townhouses at Woodbine House on the Stillorgan Road for sale, with benefit of vacant possession https://www.irishtimes.com/property/commercial-property/2022/11/02/dublin-4-residential-rental-portfolio-at-24m-offers-buyer-483-yield/
- What’s the going rate? A county-by-county guide to what’s new on the market https://www.irishtimes.com/property/residential/2022/10/31/looking-for-a-home-in-co-carlow-from-a-family-four-bed-for-219k-to-a-turnkey-rental-for-125k/
- Average home loan now higher than at peak of Celtic Tiger era – Buyers signing up for €284,623 mortgages as house prices grow https://m.independent.ie/irish-news/average-home-loan-now-higher-than-at-peak-of-celtic-tiger-era-42106857.html
- Mortgage switching more than doubles as homeowners try to avoid ECB rate hikes: Mortgage switching has increased by 115.8% since this time last year, according to new data https://www.irishexaminer.com/business/economy/arid-40995395.html
- The do’s and don’ts when applying for a mortgage https://www.donegaldaily.com/2022/11/01/dd-money-the-dos-donts-when-applying-for-a-mortgage/amp/
- Is Revolut planning to offer mortgages? https://m.independent.ie/podcasts/the-big-tech-show/the-big-tech-show-from-the-web-summit-are-revolut-planning-to-offer-mortgages-42117069.html
- Irish homeowners need to act fast for decent fixed rate mortgage: Homeowners may need to move fast before they all disappear https://www.thetimes.co.uk/article/irish-homeowners-need-to-act-fast-for-decent-fixed-rate-mortgage-brzlpbvh7
- Your guide to residences for sale around the country: A three-bed terraced home in Westport, Co Mayo and a five-bed detached house with potential to extend in Rathgar, Dublin, are among the properties coming to market this week https://www.businesspost.ie/property/your-guide-to-residences-for-sale-around-the-country-7/
- Loan servicing group Pepper pays €27m dividend to parent: Accounts for Pepper Finance Corporation (Ireland) show that it made a pretax profit of €13.9m on revenues of €54.5m in 2021 https://www.irishtimes.com/business/2022/11/05/loan-servicing-group-pepper-pays-27m-dividend-to-parent/
- Former Dublin office complex to provide homes for more than 200 people – Housing charity Tuath converts Park West complex to apartments under €26m scheme https://www.irishtimes.com/ireland/housing-planning/2022/11/01/former-dublin-office-complex-to-provide-homes-for-more-than-200-people/
- US investment fund to benefit from continuing strong rental demand: Kennedy Wilson, which is one of the country’s biggest landlords, is expected to add a significant number of residential units to its Irish portfolio next year https://www.businesspost.ie/news/us-investment-fund-to-benefit-from-continuing-strong-rental-demand/
- Fair Deal nursing home residents keep more rent from family home from today in bid to free up houses https://m.independent.ie/irish-news/fair-deal-nursing-home-residents-keep-more-rent-from-family-home-from-today-in-bid-to-free-up-houses-42109958.html
- Soaring utility bills push homeowners to improve energy efficiency: ‘Mountain has yet to be climbed’ if Ireland is to achieve ambitious climate targets, says BPFI https://www.irishtimes.com/business/2022/11/03/soaring-utility-bills-push-homeowners-to-improve-energy-efficiency/
- Calls to add private homes to council retrofit scheme https://www.rte.ie/news/dublin/2022/1102/1332727-retrofit/
- Half of eviction notices are invalid in cases where landlord selling home, according to housing charity Threshold: Non-profit organisation prevented more than 1,000 tenants from becoming homeless from July to September https://www.irishtimes.com/ireland/social-affairs/2022/11/03/half-of-eviction-notices-are-invalid-according-to-housing-charity-threshold/
- Fully let Galway city residential investment at €8.5m offers 5.6% net initial yield: Niland House currently generating €528,210 per annum from 27 apartments and three retail units https://www.irishtimes.com/property/commercial-property/2022/11/02/fully-let-galway-city-residential-investment-at-85m-offers-56-net-initial-yield/
- 13 vacant property refurbishment grant applications made to Kerry County Council https://www.radiokerry.ie/news/13-vacant-property-refurbishment-grant-applications-made-to-kerry-county-council-303671
- I’ve spent €10,000 on home insulation and my Ber rating is still the same. How can this be?Property Clinic: I was never told that my home’s energy efficiency might not improve https://www.irishtimes.com/property/residential/2022/11/01/ive-spent-10000-on-home-insulation-and-my-ber-rating-is-still-the-same-how-can-this-be/
- Coasts of Ireland Offer Enticing Waterfront Home Options: International home buyers are starting to catch on to the appeal of the island nation. https://www.nytimes.com/2022/11/04/realestate/ireland-waterfront-homes.html
- Leinster coach Leo Cullen puts his Sandymount Strand home on the market for €1.75m: Formerly in office use, 77 Strand Road in Dublin 4 is now a fine family home with uninterrupted views of the Irish Sea https://www.irishtimes.com/property/residential/2022/11/03/leinster-coach-leo-cullen-puts-his-sandymount-strand-home-on-the-market-for-175m/
- Inside look: ODKM Architects Declan O’Donnell’s modern home and Georgian office https://www.image.ie/living/inside-look-odkm-architects-declan-odonnells-modern-home-and-georgian-office-602498
- How Ventura Design has achieved a perfect balance between design and demand: Arlene McIntyre of furnishing and design agency Ventura Design had an epiphany that helped her company adapt to rapid change https://www.businesspost.ie/property/how-ventura-design-has-achieved-a-perfect-balance-between-design-and-demand/
COMMERCIAL PROPERTY NEWS

- Boost for O’Connell Street with new developments and hotels: More than 1,000 hotel bedrooms have come on stream in and around O’Connell Street in Dublin, while the 310-bedroom Motel One is due to open this year https://www.businesspost.ie/property/boost-for-oconnell-street-with-new-developments-and-hotels/
- Stalled plans at a care giant – Irregularities uncovered in France have shaken Orpea, the multinational group now dominating Ireland’s nursing home industry. What does the scandal means for its hundreds of residents and its expansion plans here. https://thecurrency.news/articles/98741/au-revoir-orpea-part-2-scrutinising-standards-and-stalled-plans-at-a-global-care-giant/
- Also, French nursing homes giant Orpea to raise €2bn to tackle debt https://m.independent.ie/business/world/french-nursing-homes-giant-orpea-to-raise-2bn-to-tackle-debt-42120081.html
- Discounted property prices now sought by investors, say Lisney: Agent Lisney’s Q3 report shows shift in sentiment, and ‘price discovery’ ie – hard haggling https://www.irishexaminer.com/property/commercial/arid-40997768.html
- Westin Hotel owner seeks occupier for Westmoreland Street landmark: MHL Hotel Collection offers building adjoining five-star hotel to letting market following lease surrender by AIB https://www.irishtimes.com/property/commercial-property/2022/11/02/westin-hotel-owner-seeks-occupier-for-westmoreland-street-landmark/
- Plan to convert Dublin offices to hotel after failure to attract tenants: Proposal would convert 92 and 93 St Stephen’s Green from offices https://www.irishtimes.com/business/2022/11/01/plan-to-convert-dublin-offices-to-hotel-after-failure-to-attract-tenants/
- Doyle hotels reports ‘strong’ post-Covid return in leisure but corporate business ‘slower’: Latest accounts for Doyle Hotels (Holdings) Ltd show it returned to the black in 2021 https://www.irishtimes.com/business/2022/11/02/doyle-hotels-reports-strong-post-covid-return-in-leisure-but-corporate-business-slower/
- M7 Real Estate secures letting of two units at Dublin Industrial Estate: Pan European investor engaged in improvement works following acquisition of Glasnevin properties earlier this year https://www.irishtimes.com/property/commercial-property/2022/11/02/m7-real-estate-secures-letting-of-two-units-at-dublin-industrial-estate/
- Hawksmoor restaurant lease is Ireland’s ‘biggest food and beverage deal of the year’: Upmarket UK steakhouse chain plans to open its 12th restaurant in Dublin city centre in spring 2023 https://www.irishtimes.com/food/2022/11/02/hawksmoor-restaurant-lease-is-irelands-biggest-food-and-beverage-deal-of-the-year/
- Frasers replace Debenhams in Cork’s Mahon Point just in time for Christmas spending splurge: Fraser Group now has Sport Directs on the floor above Frasers in former Debenhams store at suburban retail centre Mahon Point https://www.irishexaminer.com/property/commercial/arid-40997966.html
- Green light for new café in Galway City Centre https://www.galwaydaily.com/news/green-light-for-new-cafe-in-galway-city-centre/
- Number of changes sought for County Kildare shopping centre https://www.leinsterleader.ie/news/home/952549/number-of-changes-sought-for-county-kildare-shopping-centre.html
- Kerry’s Eye building in Tralee put on the market https://www.radiokerry.ie/news/kerrys-eye-building-in-tralee-put-on-the-market-304029
- Killarney Airbnb operator says regulation changes will affect tourism https://www.radiokerry.ie/news/killarney-air-bnb-operator-says-regulation-changes-will-affect-tourism-304149
INTERNATIONAL PROPERTY NEWS

- UK house prices could fall by 20 percent in 2023, expert warns: There was a sharp slowdown in annual house price growth in October, new data from Nationwide reveals https://www.business-live.co.uk/economic-development/uk-house-prices-could-fall-25403311.amp
- Spanish housing market: is a correction looming? https://think.ing.com/amp/article/spanish-housing-market-is-a-correction-looming/
- Lesson for Irish estate agencies: Melbourne real estate agency data breach leaves details of renters and landlords exposed: Harcourts says city franchise’s rental property database has been accessed by an ‘unknown third party without authorisation’ https://www.theguardian.com/australia-news/2022/nov/03/melbourne-real-estate-agency-data-breach-leaves-details-of-renters-and-landlords-exposed
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/
