Property District

Sunday Property Roundup 24th November 2024 -Irish house prices continue to rise at annual rate of 10% -Housing crisis: It’s not just how many homes we need, but what kind we build - Not everyone is a first-time buyer, not everyone wants to rent and not everyone wants to buy -What Ireland’s next government must do to fix the private rental sector: While Taoiseach Simon Harris has pledged to build 250,000 homes over the next five years, the government must engage with the PRS to make this a reality -Sherry FitzGerald: Just one-third of new homes being put on open market -Bank of Ireland cuts all fixed mortgage rates – irrespective of a house’s energy rating -SCSI - Society of Chartered Surveyors Ireland: House rebuilding costs up 6.2% since last year, but rate of increase is slowing -NESC Ireland report on future of MMC in Ireland: Dr Dáithí Downey, author of Boosting Ireland’s Housing Supply:Modern Methods of Construction and Paul Tierney, CEO of MMC Ireland, examine the report’s findings and how to make Ireland a centre of excellence for MMC -Foreign funds drifting back to Irish real estate market: German, French and UK property funds were involved in several of the top deals recorded Q3 -Big-name developers top list of funding recipients in state-backed home build loan scheme designed for smaller players: Sources in the private-lending sector say HBFI’s focus on major players is skewing the market and putting international lenders off -Cushman & Wakefield Ireland: Investment in Irish retail parks has reached €500 million since 2021, representing 25% of all retail property investment -Dublin’s office market recovery may mean lower rents: Demand for office space is rising again. But, with businesses downsizing, and vacancy rates remaining among Europe’s highest, owners of older blocks will have to start cutting asking rents -Dublin’s office-to-resi drive breathes new life into period properties -Ireland’s largest private landlord sells dozens of properties as part of restructuring: Ires Reit completes disposal of 37 properties as part of its target of 315 identified -Campaigners granted judicial review of development plans for Dublin’s Moore Street: The leaders of the 1916 Rising retreated from the GPO to a row of terraced houses on Moore Street in the final stages of the rising -Louth councillors vote to dezone residential land earmarked for hundreds of new homes near Dundalk: Vote by councillors from FG, FF, Greens and SF will block plans by housebuilder Glenveagh to construct 500 homes near town designated regional growth centre -Data centres could aid offshore wind development, report claims: Consultants argue data centres could soak up excess power generation from renewables that could reach 55% above demand -EU conducts surprise antitrust checks in data centre construction This and more in your weekly Sunday property round-up https://lnkd.in/efSGEvwC

Irish-owned investor Fine Grain Property buys The Three Building in Limerick for €7.5m: The building is located in the Plassey Innovatio Campus just outside Limerick city

Former ‘Irish Independent’ property writer Con Power dies

Hop across the road for a swim at new Malahide scheme from €825,000: Development of 10 homes includes high-end apartments, duplexes and a five-bedroom house

Builder dismissed after covert tracker discovers personal use of work van: WRC award halved to take account of ‘very significant contribution’ by complainant to his own sacking

#mmcireland

Sandymount hoteliers back in High Court as repossession battle continues: Couple has made attempts to fight repossession of the house in the courts, but these have been unsuccessful. This week, the decade long legal saga continues

Four-bed home brought to life in Celtic Tiger estate that has grown into family-friendly community: Once in danger of becoming a ghost town, this luxury scheme now offers a vibrant neighbourhood within commuting distance of Dublin https://lnkd.in/ehPC4Vqw #ipropertyradio

Co-living can be used for Airbnb-style short lets due to loophole: Dún Laoghaire Rathdown County Council drops planning enforcement case against developer Bartra following legal advice

Almost 1,000 vie to buy State’s most expensive ‘affordable’ homes: First subsidised houses at Shanganagh Castle in Shankill cost up to €495,000