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:
- Cork County Council has agreed to write to the Minister for Housing Darragh O’Brien seeking to have Part 5 properties included under the Tenant Purchase Scheme. https://m.independent.ie/regionals/cork/news/local-authority-agrees-to-write-to-housing-minister-seeking-the-inclusion-of-part-5-properties-under-the-tenant-purchase-scheme/a564767600.html
- Ires defeats attempted boardroom coup at showdown egm: State’s largest private residential landlord has committed to carrying out its own strategic review, which may yet lead to a sale or break-up of company https://www.irishtimes.com/business/2024/02/16/ires-set-to-defeat-attempted-boardroom-coup-at-showdown-egm/ Also: Shares in Ires Reit tumble as Goodbody warns of further falls: Analyst said all eyes will be on Vision Capital and Capreit after EGM https://www.businesspost.ie/news/shares-in-ires-reit-tumble-as-goodbody-warns-of-further-falls/
- The Irish Reit is dying, it will be mourned: A forward looking move to stabilise the property market has been killed by tinkering policies https://www.businesspost.ie/analysis-opinion/ian-guider-the-irish-reit-is-dying-it-will-be-mourned/
- Tipperary woman’s home was repossessed – now she’s ruffling the feathers of vultures responsible: Elizabeth McAuley’s actions blindside Central Bank and pose major questions to the Financial Services and Pensions Ombudsman https://m.independent.ie/business/personal-finance/tipperary-womans-home-was-repossessed-now-shes-ruffling-the-feathers-of-vultures-responsible/a276250342.html
- Maurice Regan’s building firm could face $20m claim over US fraud ruling: New York court ruling relates to row over payments for work JT Magen carried out on a high-profile Manhattan building https://m.independent.ie/world-news/north-america/maurice-regans-building-firm-could-face-20m-claim-over-us-fraud-ruling/a1450935853.html
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
#Property Roundup

This week on #PropertyRoundup on iPropertyRadio.com, host Carol Tallon is joined by Mary Conway, judge of The National Property Awards 2024, to talk through the recently-announced awards shortlist and to discuss the importance of these awards in recognising and rewarding best practice across Ireland’s construction and property industry.
The Business Post National Property Awards – of which the iProperty Radio team are delighted to be the radio partner – is taking place at 6:30pm, February 29th in the Intercontinental Hotel in Dublin 4. Further details here👉 https://nationalpropertyawards.ie/
*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
*Measuring Sustainability for Impact*

In the ‘Proptech Hot Seat’ on iProperty Radio this week is Liam McEvoy, Co-Founder of SustainIQ.
Liam joins us to discuss SustainIQ’s innovative software solution improving how organisations monitor, measure and report on their sustainability performance, net zero drivers in the construction sector, and the primary drivers pushing ESG up the order of priorities for construction.
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
*Student Accommodation Ireland*

On the #BreakingGround show this week on iProperty Radio, Emma Reardon, Divisional Director withCushman & Wakefield Ireland joins us to discuss the PRS marketplace in Ireland. We explore the impacts of recent policy changes (and the uncertainty that brings) on the supply side, while looking at the future pipeline for expected delivery across 2024 and 2025. We also discuss bringing Scape Dublin, one of Dublin’s best located student accommodation buildings, to the market.
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/
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/
- Eamon Ryan: plans to reduce car use in urban areas ‘will move quickly’: The minister for transport said the new strategy would go to public consultation and quickly move to ‘implementation’ https://www.businesspost.ie/news/eamon-ryan-plans-to-reduce-car-use-in-urban-areas-will-move-quickly/
- Half Of People In Favour Pedestrianising Areas In Dun Laoghaire https://www.midlands103.com/news/news-businessnews/half-of-people-in-favour-pedestrianising-areas-in-dun-laoghaire/
- Ten places in Dublin where MetroLink will mean the most disruption and destruction: More than 120 parties which made submissions intend to address new planning hearing https://www.irishtimes.com/transport/2024/02/17/the-10-places-in-dublin-where-metrolink-will-cause-the-most-disruption-and-destruction/
- Irish It’s not cool to just tear down our beautiful, native Gaeilge: Caolán Mac Grianna of Conradh na Gaeilge says we cannot afford to take shots at our native language, it needs our support. https://www.thejournal.ie/readme/irish-language-2-6299914-Feb2024/ Also: ‘Pop Up Gaeltacht’ growing in popularity https://killarneyadvertiser.ie/news/pop-up-gaeltacht-growing-in-popularity/
- Finglas Village Improvement Scheme – Public invited to have their say https://dublinpeople.com/news/northsidewest/articles/2024/02/12/finglas-village-improvement-scheme-public-invited-to-have-their-say/?amp=1
- ‘Fighting for survival’ – Founder of Dublin studio appeals for help to prevent closure after 15 years https://m.independent.ie/regionals/dublin/dublin-news/fighting-for-survival-founder-of-dublin-studio-appeals-for-help-to-prevent-closure-after-15-years/a534514496.html
- Limerick City is set to appoint a Nighttime Economy Advisor as part of a national pilot scheme aimed at improving the evening and late-night offerings in the city https://www.ilovelimerick.ie/limerick-nighttime-economy-advisor/
- Waterford joins the UNESCO Global Network of Learning Cities https://m.independent.ie/regionals/waterford/news/waterford-joins-the-unesco-global-network-of-learning-cities/a1144711203.html
- Should Kilkenny City be pedestrianised? Mayor Joe Malone believes ‘it will happen eventually https://www.kilkennypeople.ie/news/kilkenny-city/1422255/should-kilkenny-city-be-pedestrianised.html
- Major boost as €850,000 secured for regeneration of Butts area in Kilkenny City https://www.kilkennypeople.ie/news/kilkenny-city/1423249/major-boost-as-850-000-secured-for-regeneration-of-butts-area-in-kilkenny-city.html
- Housing Association for Integrated Living (HAIL) is seeking partnership opportunities with local property developers, estate agents and private sellers to help them provide more homes for people with mental health difficulties in Wicklow. https://m.independent.ie/regionals/wicklow/news/wicklow-developers-called-on-help-hail-house-people-with-mental-health-difficulties/a349797647.html
- One of Bray’s most ‘hostile’ areas to become urban plaza https://m.independent.ie/regionals/wicklow/bray-news/one-of-brays-most-hostile-areas-to-become-urban-plaza/a1073968379.html
- Calls for Wicklow County Council to publish report ‘without delay’ after thousands of submissions on N11 bus corridor plans https://m.independent.ie/regionals/wicklow/bray-news/calls-for-wicklow-county-council-to-publish-report-without-delay-after-thousands-of-submissions-on-n11-bus-corridor-plans/a1463675319.html
- Meath builder ‘overwhelmed by demand’ now plans to donate 820,000 trees by 2030 https://www.meathchronicle.ie/2024/02/16/meath-builder-overwhelmed-by-demand-now-plans-to-donate-820000-trees-by-2030/
- Pictures show potential for Louth town’s very own ‘Central Park’: Council backs plans to make disused quarry an area of special conservation https://m.independent.ie/regionals/louth/drogheda-news/pictures-show-potential-for-louth-towns-very-own-central-park/a2012775358.html
- €620,000 investment for Dunmore East Harbour in Waterford https://m.independent.ie/regionals/waterford/news/620000-investment-for-dunmore-east-harbour-in-waterford/a910649557.html
- Does the new N24 road in Tipperary impact your land? CPOs and compensation explained: If you are involved in a compulsory acquisition project, look no further than Lynch Solicitors LLP for the expertise and guidance you need to achieve successful outcomes https://www.tipperarylive.ie/news/sponsored-content/1423822/does-the-new-n24-road-in-tipperary-impact-your-land-cpos-and-compensation-explained.html
- Carrick-on-Suir hosts successful public meeting to tackle dereliction and vacancy https://m.independent.ie/regionals/tipperary/news/carrick-on-suir-hosts-successful-public-meeting-to-tackle-dereliction-and-vacancy/a559554536.html
- Proposed changes to Donegal County Development Plan to go out to public consultation https://highlandradio.com/2024/02/13/proposed-changes-to-donegal-county-development-plan-to-go-out-to-public-consultation/
- Council says tender process for 8km section of South Kerry Greenway has begun https://www.radiokerry.ie/news/council-says-tender-process-for-8km-section-of-south-kerry-greenway-has-begun-369594
ISSUES IMPACTING RURAL IRELAND

- RURAL IRELAND: In advance of meeting later this month, a survey will be issuing this week to the new industry group established for housing developers, property investors and estate agents trying or intending to deliver new homes, businesses or important infrastructure in RURAL IRELAND – email carol@propertydistrict.ie to get involved.
- Housing and industry development on Beara Peninsula stalled due to mussel: EU-protected freshwater pearl mussel in river preventing sourcing of further public drinking water in Castletownbere area, councillors told https://www.irishexaminer.com/news/munster/arid-41331739.html
- Gaeltacht groups and students to protest at Dáil over housing crisis in West https://galwaybayfm.ie/galway-bay-fm-news-desk/gaeltacht-groups-and-students-to-protest-at-dail-over-housing-crisis-in-west/
- An Bord Pleanala approves expansion at Athenry Mart https://connachttribune.ie/an-bord-pleanala-approves-expansion-at-athenry-mart/
- School’s committee have come together to fundraise money that will provide a house in the area of An Trá Bháin rent-free for a year to a family interested in relocating to the charming Irish speaking village https://www.galwaybeo.ie/news/galway-news/galway-school-close-closing-locals-9100398
- The Kerry village fighting rural decline – ‘I’m 26 and I hope to live and work here’ https://m.independent.ie/regionals/kerry/north-west-kerry-news/the-kerry-village-fighting-rural-decline-im-26-and-i-hope-to-live-and-work-here/a727486728.html Also: Kerry man who returned to restore 200-year-old family cottage – ‘It’s bred in us to live on this land’: Knocknagoshel native Kieran Cotter’s personal project to help halt rural decline https://m.independent.ie/regionals/kerry/north-west-kerry-news/kerry-man-who-returned-to-restore-200-year-old-family-cottage-its-bred-in-us-to-live-on-this-land/a988308501.html
- Calls for a review of legislation governing the designation of ‘High Scenic Areas’: Concerns have been raised that people in Donegal are struggling to secure planning permission on family land as a result of the current policy. https://highlandradio.com/2024/02/12/calls-for-high-scenic-areas-legislation-in-donegal-to-be-reviewed/
PLANNING, DEVELOPMENT & MMC/CONSTRUCTION NEWS

- MIPIM 2024: Irish Voices Shaping the Global ESG Conversation: Three Irish construction, real estate, and environmental experts join the international judging panel for the Global ESG Awards taking place at MIPIM 2024 – Featuring Philip Matthews, Turner & Townsend Ireland; Paul McDonald, Sonitus Systems; and Carol Tallon, Proptech Ireland https://irishrealestate.news/mipim-2024-irish-voices-shaping-the-global-esg-conversation/
- Providing tools for mental health in construction industry: The Lighthouse Charity is the sole charity in Ireland and Britain dedicated to addressing the emotional, physical, and financial wellbeing of workers in this sector and their families. https://www.echolive.ie/corknews/arid-41333554.html
- PAC wants to recall board members of children’s hospital over new estimate: Cost of building the hospital has increased by €512 million, to €2.24 billion, Stephen Donnelly tells Cabinet colleagues https://www.irishtimes.com/health/2024/02/14/pac-wants-to-recall-board-members-of-childrens-hospital-over-new-estimate/
- The children’s hospital project has been both meticulously planned and overly rushed: The problem isn’t the overrun – it is that the cost was grossly underestimated and all the information the market needed to squeeze the Government was made public in the hurry to make an announcement https://www.irishtimes.com/opinion/2024/02/16/gerard-howlin-childrens-hospital-managed-to-be-both-rushed-and-meticulously-planned/?
- The Irish making billions from data centre boom: Owners of the giant warehouses that are home to thousands of computer servers are attracting attention from American companies in a trend that is likely to continue https://www.thetimes.co.uk/article/the-irish-making-billions-from-data-centre-boom-l365p3z0d
- The cost of the MetroLink is set to rise by €250million a year as a result of planning delays, the State body in charge of transport infrastructure has warned. https://extra.ie/2024/02/15/news/irish-news/planning-delays-metrolink
- Offaly will be home to national centre demonstrating modern building methods: Laois & Offaly Education and Training Board expanding major facility at Mount Lucas https://www.offalyexpress.ie/news/home/1419625/offaly-will-be-home-to-national-centre-demonstrating-modern-building-methods.html
- Planning Bill poses ‘severe risk’ to 38,000 homes in pipeline: Omission of provision to extend permissions delayed by judicial review could affect construction pipeline, says Irish Institutional Property https://www.irishtimes.com/business/2024/02/14/planning-bill-poses-severe-risk-to-38000-homes-in-pipeline-claims-lobby-group/
- Planning Bill risks making our broken system worse. And it’s almost silent on climate: Few stakeholders are happy with a Bill that won’t speed up the planning process, further centralises a top-heavy system and fails to prioritise the climate emergency https://www.irishtimes.com/opinion/2024/02/13/eoin-o-broin-planning-bill-risks-making-our-broken-system-worse-and-its-almost-silent-on-climate/
- Decline in house building softened last month: A new analysis notes that consumers buying new homes are benefiting from ‘substantial state subsidies’, which are bolstering activity in the market https://www.businesspost.ie/article/decline-in-house-building-softened-last-month/
- ‘We need you here’ – Simon Harris plans €750,000 campaign to bring builders home to help solve housing crisis: An extra 50,000 construction workers are needed over the next decade to keep up with demand https://m.independent.ie/irish-news/we-need-you-here-simon-harris-plans-750000-campaign-to-bring-builders-home-to-help-solve-housing-crisis/a397155572.html
- Housing is ‘biggest roadblock’ to construction workers returning to Ireland: Over 50,000 construction workers are needed to keep up with demands on the housing supply. https://www.newstalk.com/news/housing-is-biggest-roadblock-to-construction-workers-returning-to-ireland-1641711
- Backlogs leave thousands of ‘distressed’ apprentices waiting more than six months for training https://www.irishexaminer.com/news/arid-41332567.html
- Delight for Cork students as they receive construction qualification https://m.independent.ie/regionals/cork/news/delight-for-cork-students-as-they-receive-construction-qualification/a885776399.html
- Subcontractors threaten legal action over non-compliance with wage agreement: IPCA ‘increasingly dismayed’ by ‘the lack of action being taken’ by Government https://m.independent.ie/business/subcontractors-threaten-legal-action-over-non-compliance-with-wage-agreement/a1715841295.html
- Liquidators to investigate claim Glenbeigh Construction shareholders received big dividends in 2022: Troubled construction firm, which was contracted for major projects at Dublin Airport and Mountjoy prison, entered liquidation last month https://www.businesspost.ie/article/liquidators-to-investigate-claim-glenbeigh-construction-shareholders-received-big-dividends-in-2022/
- An Bord Pleanála approves €180m ‘build to rent’ scheme by US property firm in Dublin: The scheme faced local opposition with over 70 objections lodged against the development. https://www.thejournal.ie/an-bord-pleanala-approved-e180-million-build-to-rent-scheme-6301004-Feb2024/
- Permission for 131 rental apartments in Clontarf overturned by High Court: Judge found flaws in An Bord Pleanála’s consideration of proposed open space and local transport capacity https://www.irishtimes.com/crime-law/courts/2024/02/15/permission-for-131-rental-apartments-in-clontarf-overturned-by-high-court/
- A Dublin Tidy Towns group with a long history of litigation has won a High Court order overturning planning permission for a 131-unit development. https://extra.ie/2024/02/15/news/irish-news/tidy-towns-group-new-development
- Cork town to get new housing estate after conditional planning approved: The residential development will be built on a site adjacent to an existing housing estate https://m.independent.ie/regionals/cork/news/cork-town-to-get-new-housing-estate-after-conditional-planning-approved/a1560046251.html
- Student apartment development in Cork refused planning due to ‘excessive’ height: Planners say the scheme was ‘considered to be excessive in height, scale and massing’ https://www.irishexaminer.com/property/developmentconstruction/arid-41331535.html
- Planning permission refused for apartments in Cork city’s Blackpool: A planning statement said a “lengthy list of applications” for development at the site have been unsuccessful https://www.echolive.ie/corknews/arid-41333185.html
- Housing Minister to visit Ceannt Station in Galway as €20m redevelopment works underway https://galwaybayfm.ie/galway-bay-fm-news-desk/housing-minister-to-visit-ceannt-station-as-e20m-redevelopment-works-underway/
- Major Galway housing plan green lit with over 100 homes set to be built – They are desperately needed https://www.galwaybeo.ie/news/galway-news/major-galway-housing-plan-green-9096692
- Planning and environmental watchdog An Taisce has claimed there has been a deterioration in the character and quality of shopfronts in Eyre Square in recent years. https://connachttribune.ie/planning-watchdogs-complaint-over-plastic-eyre-square-appearance/
- Appeal to An Bord Pleanala over Galway City hotel expansion plans https://www.galwaydaily.com/news/appeal-to-an-bord-pleanala-over-galway-city-hotel-expansion-plans/
- An Bord Pleanála upholds planning green light for 20 apartments on Limerick’s Dublin Road https://www.limerickpost.ie/2024/02/14/an-bord-pleanala-upholds-planning-green-light-for-20-apartments-on-limericks-dublin-road/
- North Quays project team issues positive update to Kilkenny County Council: The project is having a huge impact in Ferrybank, on the Kilkenny-Waterford border https://www.kilkennypeople.ie/news/border/1421717/north-quays-project-team-issues-positive-update-to-kilkenny-county-council.html
- New housing development approved for town in Kilkenny https://www.kilkennypeople.ie/news/local-news/1421985/new-housing-development-approved-for-town-in-kilkenny.html
- Developer seeks approval for 178 apartments on former Dell site in Wicklow https://m.independent.ie/regionals/wicklow/bray-news/developer-seeks-approval-for-178-apartments-on-former-dell-site-in-wicklow/a1916543267.html
- Permission granted for 81-house development outside of Enniscorthy https://m.independent.ie/regionals/wexford/enniscorthy-news/permission-granted-for-81-house-development-outside-of-enniscorthy/a1890406150.html
- Work has begun on a housing development in Coolgreany in north Wexford. 12 private houses are set to be built on the site which is across from O’Rafferty’s Pub. https://m.independent.ie/regionals/wexford/gorey-news/work-begins-on-12-new-houses-in-north-wexford/a1320131399.html
- Changes could be underway for site located in Naas: The potential amendments have been proposed by Monastery Square Limited https://www.kildarenow.com/news/home/1421131/kildare-changes-could-be-underway-for-site-located-in-naas.html
- Plan to finish half-built Celtic Tiger estate scuppered by limited water network capacity: Cieval’s plan to build 31 homes at the unfinished Gort Na Gréine estate have been refused by the local council and the planning board https://www.businesspost.ie/news/plan-to-finish-half-built-celtic-tiger-estate-scuppered-by-limited-water-network-capacity/
- Plans revealed for 99 Wicklow homes, public amphitheatre and refurb of an historic cinema https://m.independent.ie/regionals/wicklow/arklow-news/plans-revealed-for-99-wicklow-homes-public-amphitheatre-and-refurb-of-an-historic-cinema/a785538237.html
- Council seeks further information on Aldi store and apartment plan for Johnstown https://www.meathchronicle.ie/2024/02/15/council-seeks-further-information-on-aldi-store-and-apartment-plan-for-johnstown/
- Meath residential site with capacity for 12 homes guiding at €550,000: Site located near Ratoath town, with easy access to the M3, M4 and M3 Parkway train station for commuters https://www.irishtimes.com/property/commercial-property/2024/02/07/meath-residential-site-with-capacity-for-12-homes-guiding-at-550000/
- Demolition at Offaly site clears way for new supermarket: Store will be built where popular Texas once stood in Tullamore https://www.offalyexpress.ie/news/home/1422858/going-going-gone-demolition-at-offaly-site-clears-way-for-new-supermarket.html
- The changing face of Athlone https://www.westmeathindependent.ie/2024/02/16/the-changing-face-of-athlone/
- Planning Submitted For Expanding ESB Training Centre In The Midlands https://www.midlands103.com/news/midlands-news/planning-submitted-for-expanding-esb-training-centre-in-the-midlands/
- New Midlands Secondary School Multi-Million Euro Building Gets Green Light https://www.midlands103.com/news/midlands-news/new-midlands-secondary-school-multi-million-euro-building-gets-green-light/
- Louth County Council announces plans for 45 new housing units for over-55s and disabled https://m.independent.ie/regionals/louth/drogheda-news/louth-county-council-announces-plans-for-45-new-housing-units-for-over-55s-and-disabled/a1968563632.html
- Fury at Louth secondary school hold-up as Shannon Homes chief denies causing planning delay; Phil Reilly says he has done his part and delay lies with Department of Education https://m.independent.ie/regionals/louth/drogheda-news/fury-at-louth-secondary-school-hold-up-as-shannon-homes-chief-denies-causing-planning-delay/a2072899607.html
- Planning refused for six new houses at Mill Road in Dundalk – Louth County Council refuses planning permission https://www.dundalkdemocrat.ie/news/home/1421931/planning-refused-for-six-new-houses-at-mill-road-in-dundalk.html
- Decision On Large Midlands Housing Development Due Next Week https://www.midlands103.com/news/midlands-news/decision-on-large-midlands-housing-development-due-next-week/
- Cavan building firm lodges plans to build 40 houses in Mullagh https://m.independent.ie/regionals/cavan/news/cavan-building-firm-lodges-plans-to-build-40-houses-in-mullagh/a1311203119.html
- Cavan Town religious lands with scope for housing seek €1.5m: An 11.8-acre site at Drumalee offers immediate potential to accommodate 50 residential units and additional homes over longer term https://www.irishtimes.com/property/commercial-property/2024/02/14/cavan-town-religious-lands-with-scope-for-housing-seek-15m/
- Green light for construction of 30 new houses in County Mayo town https://m.independent.ie/regionals/mayo/news/green-light-for-construction-of-30-new-houses-in-county-mayo-town/a1697310502.html
- Revealed: First glimpse of plans for new Óstán Ghaoth Dobhair https://www.donegaldaily.com/2024/02/15/revealed-first-glimpse-of-plans-for-new-ostan-ghaoth-dobhair/
- CRH completes $2.1bn acquisition of cement and concrete assets in Texas: CRH chief executive Albert Manifold says acquisition will strengthen the company’s ‘market-leading position’ in Texas and increase its exposure to attractive high-growth markets https://www.irishtimes.com/business/2024/02/12/crh-completes-21bn-acquisition-of-cement-and-concrete-assets-in-texas/
- Kingspan profits rise 5% as it delivers another record year: Group has selected a 50 hectare site in Ukraine, which is likely to be the location of its €250m building technology campus https://www.irishtimes.com/business/2024/02/16/kingspan-profits-rise-5-as-it-delivers-another-record-year/
PROPTECH, SMART CITIES & 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
Firstly, congratulations to all the proptech innovators shortlisted for ‘Proptech of the Year’ 2024 at the Business Post National Property Awards – we look forward to celebrating everyone at the awards gala at the InterContinental, Dublin on 29th February!
- iamsold (Ireland) – Online Bidding Platform – is an Online Bidding & Auction Platform that enables Partner Auctioneers to reduce transaction times by more the 50%. Partner Agents can offer their clients an alternate route to sale that is more secure, faster, and generally a smoother transaction for all parties involved. Partner Auctioneers have this route at their disposal and the iamsold team will give full back up support.
- Keyholder – is a property rental & workflow automation platform, designed to streamline and simplify the entire property rental and management process while enhancing the resident experience. With Keyholder, landlords, agents and housing providers can on-board new residents for Private Rental and Affordable Housing.
- Offr – is an innovative platform for agents, providing their customers with a digital buying and renting journey. Offr has developed PLACE (Portal Lead Auto-Capture Environment) to eliminate the problem of millions of portal leads going unanswered. Using PLACE, buyers and tenants receive an instant reply to their portal enquiry with a link to book a viewing, apply to rent or register to bid.
- Property Button – Moving made easy for Property Professionals and Tenants. Property Button manages home moves at the touch of a button – for free. We work with all the leading utilities so we can provide the best plans to suit the tenant. In under 24 hours, Property button will have everything set up for a seamless move. Easy to use, personalised, trustworthy and free of charge!
- Global Proptech Investment Triples In 2023: SurveyThe KPMG international survey says that geopolitics conflicts, high-interest rate environment, and barren exit environment across regions saw fintech investors holding onto their cash https://www.entrepreneur.com/en-in/news-and-trends/global-proptech-investment-triples-in-2023-survey/469650
- Public Consultation on the Development of a Policy Framework for Unmanned Aircraft Systems https://www.gov.ie/en/consultation/91e2c-public-consultation-on-the-development-of-a-policy-framework-for-unmanned-aircraft-systems/
- Expert Predictions for PropTech in 2024 – TechRound https://techround.co.uk/other/expert-predictions-proptech-2024/
- How can agents use PropTech to win new landlord clients?https://www.lettingagenttoday.co.uk/breaking-news/2024/2/how-can-agents-use-proptech-to-win-new-landlord-clients?source=newsticker
- fu3e. closes deal with McLaren Property: Fu3e. is predicting sharp customer growth this year, driven by the harsh financial climate and demand for real-time data, after closing a huge deal with McLaren property https://businesscloud.co.uk/news/fu3e-closes-deal-with-mclaren-property/
- Redefining Real Estate through Digitization and Prop-Tech: International Property Show 2024 focuses on digitization, prop-tech, and housing affordability. The event highlights the future of real estate, innovation, and investment opportunities https://bnnbreaking.com/finance-nav/business/ips-2024-redefining-real-estate-through-digitization-and-prop-tech
- Proptech platform snaps up prospecting leaflets data firm: The deal, between Iamproperty and Information Works, was a 100% shareholder acquisition and strengthens the expanding group’s offering to agents. https://thenegotiator.co.uk/iamproperty-snaps-up-information-works-to-bolster-marketing-output-for-agents-proptech/
- Data Centers Lean More On Proptech, and Proptech Leans Back: The relationship between the hubs and technology seems custom-built for proptech firms to capitalize on https://commercialobserver.com/2024/02/data-centers-artificial-intelligence-ai/
- Proptech Startup Arch Closes $6M Seed Round Off Demand for Heat Pumps – Veteran of the solar industry sees vast potential in helping HVAC contractors sell the machines https://commercialobserver.com/2024/02/proptech-arch-heat-pump-sales/
ENERGY, CLIMATE & ENVIRONMENT

- Eamon Ryan in Paris: Ireland is a global player in new energy paradigm: The environment minister says there are opportunities for Ireland and industry as gas demand collapses https://www.businesspost.ie/news-focus/eamon-ryan-in-paris-ireland-is-a-global-player-in-new-energy-paradigm/
- Cork’s first decarbonising zone may speed up delivery of city’s light rail system: The decarbonising zone, part of Cork City’s climate action plan, stretches from the Tyndall Institute westwards to include the Munster Technological University’s Bishopstown campus https://www.irishexaminer.com/news/munster/arid-41330824.html
- French renewable energy firm Neoen seeks buyer for Irish assets https://m.independent.ie/business/irish/french-renewable-energy-firm-neoen-seeks-buyer-for-irish-assets/a991679579.html
- Offshore Renewables Among Topics in Draft Climate and Energy Plan for EU Opened for Public Consultation https://afloat.ie/marine-environment/power-from-the-sea/item/62119-offshore-renewables-among-topics-in-draft-climate-and-energy-plan-for-eu-opened-for-public-consultation
- Climate Crisis: Renewables can’t be held to ransom with a missile, unlike fossil fuels – Eamon Ryan – Houthi attacks on shipping traffic show we’ll ‘never get security’ in old fossil fuel system, minister tells conference https://www.irishtimes.com/environment/climate-crisis/2024/02/14/renewables-cant-be-held-to-ransom-with-a-missile-unlike-fossil-fuels-eamon-ryan/
RESIDENTIAL PROPERTY NEWS (including PRS)

- Apartment owners could face two-year delay for €2.5bn aid package to fix defective Celtic Tiger properties https://m.independent.ie/irish-news/apartment-owners-could-face-two-year-delay-for-25bn-aid-package-to-fix-defective-celtic-tiger-properties/a1005922572.html
- Action considered over 51-week student housing leases: Developers of two student housing blocks in Dublin told local planners tenants would be offered 40-week leases https://www.irishtimes.com/business/2024/02/12/government-to-consider-action-over-student-housing-lease-lengths/ Also: Student landlords’ decision to insist on 51-week tenancies a ‘retrograde step’, Irish universities say: Irish Universities Association ‘does not believe there is strong demand’ for longer leases https://www.irishtimes.com/business/2024/02/17/student-landlords-decision-to-insist-on-51-week-tenancies-a-retrograde-step-irish-universities-say/
- Penalties to be re-imposed on landlords who miss deadline to register tenancies https://www.irishexaminer.com/news/arid-41330812.html
- Baggot Street student accommodation block guiding at €3.5m: Young Women’s Christian Association (YWCA) seeks buyer for landmark Georgian townhouse and mews with 21 bedrooms https://www.irishtimes.com/property/commercial-property/2024/02/14/baggot-street-student-accommodation-block-guiding-at-35m/
- High-tech Dalkey home with stunning sea views for €1.675m: Despite the house being only three years old, owners upgraded it with new interiors, landscaping and a home office pod https://www.irishtimes.com/property/residential/2024/02/15/high-tech-dalkey-home-with-stunning-sea-views-for-1675m/
- Average Cork rent now stands at €1,386, up by 8.8% in a year: Almost all of the Cork regions recorded average rents for new tenancies of more than €1,000 https://www.echolive.ie/corknews/arid-41331841.html
- Builder and carpenter Liam Walsh, his wife Clara, and their young family moved into their new home in Ballyshonin, about ten minutes outside Blarney, before Christmas. It’s the first prefabricated straw panel home in Ireland. Https://www.yaycork.ie/just-outside-blarney-a-cork-family-has-moved-into-a-cosy-new-home-built-from-straw/
- Is this one of Ireland’s smallest properties on the market for just under €200k? This detached store is located 200 metres from Lawlors Strand in Dunmore East, Co Waterford https://www.limerickleader.ie/news/property/1424222/pictures-is-this-one-of-ireland-s-smallest-properties-on-the-market-for-just-under-200k.html
- See the homes on Ireland’s coasts, riverbanks and lakesides: Eve Kelliher talks to Oisín Mistéil, the director of ‘Tithe Cois Uisce’/Homes by the Water https://www.irishexaminer.com/property/homeandgardens/arid-41326966.html
- Louth affordable houses available on first come first served basis: Dundalk Municipal District February meeting https://www.dundalkdemocrat.ie/news/home/1423185/louth-affordable-houses-available-on-first-come-first-served-basis.html
- This seven-bed Carlow property offers ample space for potential buyers: This large family property is on the market with an asking price of €295,000 https://www.ireland-live.ie/news/carlow-live/1421415/this-seven-bed-carlow-property-offers-ample-space-for-potential-buyers.html
- House prices climbed almost 3% in Northern Ireland in fourth quarter https://www.irishtimes.com/business/2024/02/12/house-prices-climbed-almost-3-in-northern-ireland-in-fourth-quarter/
- RTÉ’s Home of the Year returns to crown Ireland’s best house https://m.independent.ie/entertainment/television/tv-news/rtes-home-of-the-year-returns-to-crown-irelands-best-house/a1834517931.html
COMMERCIAL PROPERTY NEWS

- Commercial property M&A activity will tempt vital US capital: A recent trend of deals between listed UK property companies could be good news for the wider European market https://www.businesspost.ie/analysis-opinion/colm-lauder-commercial-property-ma-activity-will-tempt-vital-us-capital/
- Demand for flexible desks surpasses traditional offices https://m.independent.ie/business/commercial-property/demand-for-flexible-desks-surpasses-traditional-offices/a1024735724.html
- HSE in €50m bid to buy Elmpark campus in Dublin 4: State’s health authority vying to acquire US property giant’s interests at scheme developed by Bernard McNamara in 2007 at cost of €550m https://www.irishtimes.com/business/2024/02/16/hse-in-50m-bid-to-buy-elmpark-campus-in-dublin-4/
- Denis O’Brien’s Beacon Hospital being sold for more than €400m: Private hospital is being sold to Macquarie Asset Management https://m.independent.ie/business/irish/denis-obriens-beacon-hospital-being-sold-for-more-than-400m/a786607045.html
- Real estate giant seeking €40m for Dublin logistics portfolio: Four suburban assets extending across total area of 228,723sq ft are fully let and generating €2.24m in annual rental income https://www.irishtimes.com/property/commercial-property/2024/02/14/real-estate-giant-seeking-40m-for-dublin-logistics-portfolio/
- Swedish fashion retailer Arket inks deal for store at Dublin’s Grafton Place: Sustainable clothing and homewear brand set to open for business later this year https://www.irishtimes.com/property/commercial-property/2024/02/14/swedish-fashion-retailer-arket-inks-deal-for-store-at-dublins-grafton-place/?
- Castore takes on Adidas and Nike with new Dublin store: The sportswear brand has enjoyed a rapid expansion spurred by Andy Murray’s initial backing and the support of a range of new partners including the Irish men’s and women’s football teams https://www.businesspost.ie/news/getting-physical-castore-takes-on-adidas-and-nike-with-new-dublin-store-and-premium-offering/
- Premier Inn opens Cork City Centre hotel https://www.businesstraveller.com/business-travel/2024/02/12/premier-inn-opens-cork-city-centre-hotel/
- North Cork village pub up for sale as owner retires after 20 years at the helm: The family put the pub up for sale after thanking all their loyal customers ‘from the bottom of their hearts’ https://www.corkbeo.ie/news/property/gallery/north-cork-village-pub-up-28626221
- High Court rules former pub cannot be used as Islamic community centre: Use of unit as community centre would represent ‘dead frontage’ in the context of a small-scale shopping centre, judge rules https://www.irishtimes.com/crime-law/courts/2024/02/13/high-court-rules-former-pub-cannot-be-used-as-islamic-community-centre/
- Government expected to approve a further €35m-€45m for Cork event centre: ‘Shroud of secrecy’ around process criticised as FOI uncovered only eight of 116 pages of documents relating to the centre https://www.irishexaminer.com/news/munster/arid-41330224.html
- Court battle begins over ownership of Cork’s Fota Island Resort: Yuzhu Kang from Hebei Province in China and now living in Dublin has sued businesswoman Xiu Xiang Kelly who is also from the Hebei region but who lives at the resort https://www.irishexaminer.com/news/courtandcrime/arid-41331163.html
- Ship shape shop investment offer under Cobh town’s cathedral: Period building on Cobh’s West Beach has a shop and six apartments, capable of returning €90,000 a year in rents https://www.irishexaminer.com/property/commercial/arid-41332189.html
- Private Irish investor pays more than €7m for Greystones retail scheme: New owner in line for 8% net initial yield on investment in development with strong tenant line-up https://www.irishtimes.com/property/commercial-property/2024/02/14/private-irish-investor-pays-more-than-7m-for-greystones-retail-scheme/
- Wicklow bar on market for €1.1m after transformative revamp https://m.independent.ie/regionals/wicklow/bray-news/wicklow-bar-on-market-for-11m-after-transformative-revamp/a982914826.html
- Landmark Louth property getting a new lease of life as luxury boutique hotel after lying idle for 20 years https://m.independent.ie/regionals/louth/dundalk-news/landmark-louth-property-getting-a-new-lease-of-life-as-luxury-boutique-hotel-after-lying-idle-for-20-years/a784520814.html
- Prime commercial premises in Athlone goes on the market https://www.westmeathindependent.ie/2024/02/16/prime-commercial-premises-in-athlone-goes-on-the-market/
- Two new offices in County Roscommon town presents opportunity for growing businesses https://m.independent.ie/regionals/roscommon/news/two-new-offices-in-county-roscommon-town-presents-opportunity-for-growing-businesses/a472105608.html
- Dynamic female addition to Kerry’s Real Estate scene https://m.independent.ie/regionals/kerry/tralee-news/dynamic-female-addition-to-kerrys-real-estate-scene/a1779285093.html
INTERNATIONAL PROPERTY NEWS
- Annual UK house prices fell at the end of 2023, London worst hit: Data also showed prices rose for the first time in four months, indicating positive market turnaround https://www.irishtimes.com/business/2024/02/14/annual-uk-house-prices-fell-at-the-end-of-2023-london-worst-hit/
- In two years’ time, UK estate agents could all require at least one A-level to practise, while all directors of estate agencies will need to hold an undergraduate degree https://www.thetimes.co.uk/article/estate-agents-dont-need-a-degree-to-sell-a-house-z3n09w028
- Councils to come under pressure to build on brownfield land https://www.ireland-live.ie/news/uk/1421501/councils-to-come-under-pressure-to-build-on-brownfield-land.html
- Tritax and UK Commercial Property Reit agree £4bn merger: Deal between real estate investment trusts would result in a group with a £6.3bn portfolio of warehouses and logistics depots https://www.thetimes.co.uk/article/tritax-and-uk-commercial-property-reit-agree-4bn-merger-prpcnsjtc
- UK Building control system on verge of collapse https://www.constructionenquirer.com/2024/02/16/building-control-system-on-verge-of-collapse/
- Contrast or Harmony: The Aesthetic of Modern Adaptations to Historic Buildings https://www.archdaily.com/1013399/contrast-or-harmony-the-aesthetic-of-modern-adaptations-to-historic-buildings
FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS IN 2024
Building upon the learnings of the annual ‘The Irish Property Buyers’ Handbook’ series 2011-2018, and The Property Insider series thereafter, (https://www.amazon.com/Carol-Tallon/), all current updates are available daily asJoin the Facebook Group here to contribute: https://www.facebook.com/groups/IrishPropertyBuyers/








