Posts by lotus_admin
The Impact of Increased New Homes Supply on Ireland’s Second-hand Market
There has been much controversy surrounding housing data in Ireland recently, with the actual number of new homes delivered in 2017 still unclear. It is apparently in the region of 14,0000 to 19,000, depending upon who you ask and excluding student accommodation. Real Estate Alliance released their quarterly house price survey for Q2 last week…
Read MoreAre Old-School Office Landlords ‘Cool’ Enough to Compete?
Office developers and landlords in Ireland need to understand the difference between a trend and a generational shift Last week UK-based co-working company WeWork officially launched in Dublin with the opening of space at Iveagh Court. This global leader in flexible office space already has a presence in 74 cities around the world and is…
Read MoreHow watchful of the London market do we need to be?
We saw the early signs of stagnation in the residential property market in London over 18 months ago, initially at the upper end of the market and now across all price brackets. Earlier this morning it was confirmed that London house prices are in continuing decline, with May recording the sharpest monthly price drop since…
Read MorePlanning System
They say a good start is half the battle, if this is true, we might just start to see some much-needed change to Ireland’s disjointed planning regime. In The Sunday Times last weekend, newly-elected president of the Society of Chartered Surveyors Ireland wrote quite a damning indictment of current planning rules, describing it as “a…
Read MoreDublin is now the 6th most expensive market to build in
Many of you might have read highlights from the most recent Turner & Townsend International Construction Market Survey in last week’s Irish Independent. The findings for 2018 so far are not entirely unexpected. Dublin is listed among the world’s “hot” markets due to the large number of large-scale projects currently underway. In fact, Ireland’s capital…
Read MoreEmerging Build to Rent (BTR) Sector Will Require Some Market Adjustment
Last weekend the Irish Times reported that Irish Life had acquired the entire Fernbank development in Churchtown (on the site of the old Notre Dame school). As more than 1,000 hopeful buyers had registered their interest in the 262 apartments, much of the media coverage focused on the disappointment of buyers – rather than on…
Read MoreViability in Provincial Ireland
Competition for Dublin’s remaining prime development sites has been at fever pitch for the past three years, so it is perhaps unsurprising to see Savills advertise a strategic 5.91 acre site in the heart of Dublin’s docklands as “one of the last remaining development sites” in the area. They are not wrong. While the land…
Read MoreWhen it comes to industry innovation, we must not ask ‘if’, but rather ‘how?’
Earlier this week, a global property industry conference focusing on technology and innovative future developments took place in London. One of the panel discussions was with housing developers, titled ‘How to Unlock Value through Creativity’. It’s worth pointing out that developers are in formally classified as ‘small home builders’ in the UK if they produce…
Read MoreVacant Homes: Problem or Opportunity?
With the slow delivery of new housing to the marketplace, both home-buyers and investors are turning their attention to vacant homes. According to the website VacantHomes.ie, 54% of all vacant properties in the State are in the province of Leinster, with 29% in Munster, 14% in Connacht and the remaining 3% in Ulster. This aim…
Read MoreProposed new rules for landlords
Earlier this week, Housing Minister Eoghan Murphy secured Cabinet approval for the new Residential Tenancies Bill. Once this passes successfully through the Oireachtas, the Residential Tenancies Act will give statutory effect to a host of new measures designed to dampen price hikes and to increase protections for tenants in the private rental market. Rent transparency…
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