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:

- We are delighted to be involved in The National Property Awards 2024 for the third consecutive year. This is fast becoming the highlight of Ireland’s property calendar, recognising not only excellence but also innovation across our industry. In addition to showing the best in construction and real estate, it is fantastic to see the award categories include sustainability, placemaking, CSR (incorporating social value), buyers’ agency and future leaders, which we are particularly excited about! Entries are now open and we look forward to showcasing and celebrating the very best of the built environment…https://nationalpropertyawards.ie/categories/
- IMF warns housing targets would need to double to meet EU averages: Record investment and current housing completions will ‘not be enough to close the housing gap https://www.irishexaminer.com/business/companies/arid-41291398.html
- Land Development Agency criticised for withdrawing from housing committee meeting: Government and Opposition politicians express ‘disappointment’ over State body’s postponement of meeting until January https://www.irishtimes.com/ireland/housing-planning/2023/12/11/land-development-agency-criticised-for-withdrawing-from-housing-committee-meeting/
- State loses €80m on land development scheme brought in at height of recession https://www.irishexaminer.com/news/arid-41290204.html
- Serial planning objector sought confidential €40,000 from developer: Payment pursued as compensation for alleged environmental impact from construction activity near Co Meath home https://www.irishtimes.com/ireland/housing-planning/2023/12/16/serial-planning-objector-sought-confidential-40000-from-developer/ Also: An Bord Pleanala: ‘Objector for cash’ Callaghan, a civil engineer from Oldcastle Road, Kells, is or has been a party to more than 15 cases, either lodged in his own name, or on behalf of Sustainability 2050 https://www.meathchronicle.ie/2023/12/13/callaghan-has-four-appeals-before-an-bord-pleanala-relating-to-meath-projects/
- Employers say housing is as big a challenge as talent retention: New market research highlights the problems employers can face in helping new recruits find accommodation https://www.irishexaminer.com/business/economy/arid-41289658.html
- Ireland’s housing crisis is a disaster for its people – and a gift to far-right fearmongers https://amp.theguardian.com/commentisfree/2023/dec/11/ireland-housing-crisis-far-right-europe-refugees
- Australia will become the first country to ban engineered stone bench tops. Will others follow? Ban is the culmination of a years-long campaign, driven by doctors, trade unions and workers involved in its cutting and handling https://www.theguardian.com/australia-news/2023/dec/14/australia-will-become-the-first-county-to-ban-engineered-stone-bench-tops-will-others-follow
- So far, the main achievement of the European Year of Skills has been awareness-raising. But more systemic change needs to happen to truly tackle skills shortages. https://www.siliconrepublic.com/careers/european-year-of-skills-ireland-2023-progress
- Seeking instructors for new generation of apprentices – An exciting time to work as an instructor, with over 27,000 apprentices currently training in Ireland across 70+ diverse apprenticeship programmes, and 9,200 employers currently training apprentices https://www.irishexaminer.com/business/companies/arid-41287960.html
- Coillte encourages the people of Wicklow to enjoy their local forests over the winter months https://wicklownews.net/2023/12/coillte-encourages-the-people-of-wicklow-to-enjoy-their-local-forests-over-the-winter-months/
- Farm owners drop bid for pre-trial dismissal of billionaire John Magnier’s lawsuit https://m.independent.ie/videos/farm-owners-drop-bid-for-pre-trial-dismissal-of-billionaire-john-magniers-lawsuit/a1993161980.html
- Dezeen’s top 10 architecture and design books of 2023 https://www.dezeen.com/2023/12/12/top-architecture-design-books-2023-review/
- Ireland’s volatile industry data weighs on eurozone output: Economists see weak industrial production figures as sign that bloc is likely to keep contracting in final quarter https://www.ft.com/content/e46c0a66-f569-489c-81cd-48cc99a5e5c0
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. By way of a sneak preview, we have a super construction leaders series coming to the ‘Breaking Ground’ show for 2024…
This week on iPropertyRadio…
#Property Roundup
*The Business of Estate Agency*

This week on #PropertyRoundup on iProperty Radio, I am joined by co-host, Emmet Creighton, Client Partnership Director with Daft.ie in the AMOVE offices in Kildare town where we sat down with directors Kathy Moran and Tanya Finn to look at the local property market trends. We also discuss the estate agency business throughout and post-Covid, changing careers and the importance of focusing on your property brand: https://amove.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

In one of our most listened to ‘Proptech Hot Seat’ shows of 2023, Scott Langbein, MBA, Global Director of Business Development with Topcon Positioning Systems joined us to talk about their new integration platform, Aptix. The platform simplifies the integration of third-party applications and project data commonly used throughout the entire construction project lifecycle. LIsten back to the full interview to learn more!
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

In one of our most listened to ‘Breaking Ground’ shows of the year, Shane Curran, Managing Director of Interiors with BHA Construction, joins us to talk about the company’s 15 live sites across Dublin and the South East, the changing business model of residential housing delivery, and the growing importance of supporting the supply chain to scale. He also goes through the team’s tech stack and shares his view on placemaking, creating sustainable communities and what social value looks like in practice. Learn more about BHA https://bhaconstruction.com/
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

- 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/
- Dublin pedestrianisation plans to be reassessed following city riots: Taxis may be allowed into civic spaces at night to ensure passive surveillance https://www.irishtimes.com/ireland/dublin/2023/12/11/dublins-pedestrian-plans-to-be-reassessed-following-city-riots/ Also: Adding traffic to pedestrian zones for surveillance ‘is farcical’ – Stocker https://www.newstalk.com/podcasts/highlights-from-the-hard-shoulder/adding-traffic-to-pedestrian-zones-for-surveillance-is-farcical-stocker
- New traffic plan for Dublin has ‘created anxiety’ for city centre businesses https://m.independent.ie/regionals/dublin/dublin-news/new-traffic-plan-for-dublin-has-created-anxiety-for-city-centre-businesses/a256681499.html
- Midleton not suitable for ‘natural’ flood defence measures, report finds https://www.irishexaminer.com/news/arid-41288035.html
- Locals react to opening of long-awaited Moycullen Bypass https://connachttribune.ie/locals-react-to-opening-of-long-awaited-moycullen-bypass/
- ‘Stellar’ Galway shop’s heartwarming review reply after ‘making customer day’: It did not go unnoticed https://www.galwaybeo.ie/news/galway-news/stellar-galway-shops-heartwarming-review-8968614
- Cultural and artistic riches—Inis Oírr, The Jewel of the Aran slands https://booksirelandmagazine.com/cultural-and-artistic-riches-inis-oirr-the-jewel-of-the-aran-islands/
- Active Travel team delivers update on projects planned for Limerick https://www.limerickleader.ie/news/ecolive/1368838/active-travel-team-delivers-update-on-projects-planned-for-limerick.html
- Major Wicklow tourism boost as new Glendalough and Wicklow Mountains Masterplan unveiled https://m.independent.ie/regionals/wicklow/wicklow-district/major-wicklow-tourism-boost-as-new-glendalough-and-wicklow-mountains-masterplan-unveiled/a540569041.html
- 1,000s of objections stall plans for contentious N11 bus corridor: level of residents’ concern to ‘crazy proposal’ unprecedented https://m.independent.ie/regionals/wicklow/bray-news/1000s-of-objections-stall-plans-for-contentious-n11-bus-corridor/a155575329.html
- Rosslare residents protest during Europort meeting as fight for nursing home continues https://m.independent.ie/regionals/wexford/wexford-district/rosslare-residents-protest-during-europort-meeting-as-fight-for-nursing-home-continues/a1799229727.html
- Co Wexford’s first Safe School works completed in Adamstown https://m.independent.ie/regionals/wexford/wexford-district/co-wexfords-first-safe-school-works-completed-in-adamstown/a964345924.html
- Long-vacant homes in Athlone’s Sarsfield Square to be put back into use https://www.westmeathindependent.ie/2023/12/11/long-vacant-homes-in-athlones-sarsfield-square-to-be-put-back-into-use/
- Laois County Council is to invest some €23 million into one growing town over the coming three years – Portarlington is earmarked for multiple projects to improve tourism and business and to prevent floods https://www.leinsterexpress.ie/news/portarlington-/1369670/laois-council-to-invest-20-million-in-growing-big-town.html
- Construction plans at landmark Laois building appealed https://www.ireland-live.ie/news/laois-live/1370248/construction-plans-at-landmark-laois-building-appealed.html
- Refugees from Ukraine began arriving at newly established accommodation on the Cosby Estate in Stradbally https://www.leinsterexpress.ie/news/local-news/1370532/ukrainian-refugees-arrive-at-new-accommodation-in-laois.html
- Public consultation opens in Tipperary for Cahir to Cashel greenway https://m.independent.ie/regionals/tipperary/news/public-consultation-opens-in-tipperary-for-cahir-to-cashel-greenway/a711344747.html
- Every vacant and derelict Leitrim property ‘a missed opportunity to provide a safe and secure home’ https://m.independent.ie/regionals/leitrim/news/every-vacant-and-derelict-leitrim-property-a-missed-opportunity-to-provide-a-safe-and-secure-home/a195123771.html
- Plans submitted for construction of 12 glamping pods in Camp https://www.radiokerry.ie/news/plans-submitted-for-construction-of-12-glamping-pods-in-camp-360646
- An Bord Pleanála refuses permission for ‘overbearing’ telecommunications mast in Kerry village https://www.irishexaminer.com/news/arid-41288968.html
- ‘A new sense of Irish identity’: The resurgence of our musical tradition: In an uncertain time, the certainty of Irish tradition attracts new listeners, https://www.irishexaminer.com/lifestyle/artsandculture/arid-41286430.html
- Consultation with locals is key for successful windfarm development: Developers of windfarms need to get locals on-side as a priority and deal with their concerns about noise, visual impact and property devaluation https://www.irishexaminer.com/lifestyle/outdoors/arid-41288839.html
- Green light sought for €85m. transformation of Mayo estate https://www.con-telegraph.ie/2023/12/15/green-light-sought-for-e85m-transformation-of-mayo-estate/
- Lack of community engagement over housing of asylum seekers in South Donegal criticised https://highlandradio.com/2023/12/14/lack-of-community-engagement-over-housing-of-asylum-seekers-in-south-donegal-criticised/
ISSUES IMPACTING RURAL IRELAND

- 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.
- National Philanthropy Policy 2024-2028: Hope for Ireland’s Rural Communities? Building upon the work of PLACEengage – Your Virtual Town Hall and Proptech Ireland, we were delighted to see the publication of Ireland’s first National Philanthropy Policy 2024-2028 this week! This policy marks an important shift in thinking by the State and could be a genuine game-changer for our rural communities, facilitating innovative solutions for rural challenges and potentially strengthening rural communities to ensure future resilience. Critically, the policy aligns with Sustainable Development Goals (hashtag#SDGs), promising that rural areas are not left behind iour journey towards a sustainable future, and the emphasis on collaboration and enhanced public consultation (Public Consultation Institute of Ireland) opens doors for rural stakeholders to have a stronger voice in shaping initiatives that directly impact their lives. Download the policy in full here: https://www.gov.ie/pdf/?file=https://assets.gov.ie/278827/96f3aabc-9802-4716-b437-bf5072526060.pdf#page=null
- Landowners and two local angling clubs have combined to fence-off a buffer zone to help improve water quality of a river in Headford in County Galway https://connachttribune.ie/county-galway-landowners-and-anglers-combine-to-improve-water-quality-on-local-river/
- Plans to establish National Peatland Centre in Galway https://www.galwaydaily.com/news/plans-to-establish-national-peatland-centre-in-galway/
- Offaly groups mark next development phase for Community Wetlands Forum CLG https://www.offalyexpress.ie/news/midland-tribune/1372545/offaly-groups-mark-next-development-phase-for-community-wetlands-forum-clg.html
CONSTRUCTION, MMC & DEVELOPMENT NEWS

- The Irish Times: A hospital wing, meeting pods and modular homes for Ukrainians: The best of Irish construction celebrated https://www.irishtimes.com/advertising-feature/2023/12/13/a-hospital-wing-meeting-pods-and-modular-homes-for-ukrainians-the-best-of-irish-construction-celebrated/
- Property investment in Dublin expected to tick up in first half of 2024 – City ranked 13th among a group of 30 European cities in report by PwC and the Urban Land Institute https://www.irishtimes.com/business/2023/12/12/property-investment-in-dublin-expected-to-tick-up-in-first-half-of-2024/
- Construction activity fell in November, the fifth successive monthly drop, according to new data from BNP Paribas Real Estate. Respondents blamed a slowdown in the economy, the completion of projects and delays in decision making at clients. https://www.rte.ie/news/business/2023/1211/1421232-construction-activity-falls-for-fifth-month-in-a-row/
- Interim support scheme for owners of apartments with fire safety defects opens today: A full statutory scheme for remedial works to be carried out to all impacted apartments will be legislated for next year. https://www.thejournal.ie/fire-defective-apartments-dublin-6246181-Dec2023/
- ‘We need plumbers, electricians, builders’ – Principal of fee-paying school who’s pushing for increased uptake of apprenticeships: Dundalk Grammar School principal says private boarding school is probably the ‘most competitively priced in Ireland’ https://m.independent.ie/irish-news/education/we-need-plumbers-electricians-builders-principal-of-fee-paying-school-whos-pushing-for-increased-uptake-of-apprenticeships/a1022795062.html Also, Apprenticeships: ‘The opportunities are great’ https://www.newstalk.com/podcasts/highlights-from-lunchtime-live/apprenticeships-the-opportunities-are-great
- ‘We have to show kids a trade is a really viable alternative to college’ – Chadwicks boss Patrick Atkinson: The building materials boss said steel prices in particular went ‘bananas’ after Russia invaded Ukraine but were now beginning to fall back https://www.businesspost.ie/news-focus/we-have-to-show-kids-a-trade-is-a-really-viable-alternative-to-college-chadwicks-boss-patrick-at/
- Nursing home construction to stop for ‘long time’, warns industry player: Sector is struggling to meet twin challenges of costs and inflation https://m.independent.ie/business/irish/nursing-home-construction-to-stop-for-long-time-warns-industry-player/a1921609658.html
- Fingal County Council has confirmed the receipt of a planning application from the operator of Dublin Airport, seeking 15-year permission for an overhaul of the transport hub to increase capacity from 32 million to 40 million passengers per year. https://www.irishtimes.com/business/2023/12/15/dublin-airport-operator-submits-planning-application-for-big-expansion/
- DAA tells McEvaddys €75m still on the table for land at airport: Authority writes to owners of 260-acre block to invite them to a fresh round of talks over a potential sale of the site https://www.businesspost.ie/news/daa-tells-mcevaddys-e75m-still-on-the-table-for-land-at-airport/
- Almost 3,000 cost-rental and social homes to be built in Dublin by housing agency Respond: Large-scale developments on way in the biggest mixed-tenure programme since the crash https://www.irishtimes.com/ireland/dublin/2023/12/12/almost-3000-cost-rental-and-social-homes-to-be-built-in-dublin-by-housing-agency-respond/
- Tidy towns group challenges permission for 400 apartments near Dublin mountains: Bord Pleanála upheld local council’s permission for three apartment blocks in Ballyboden https://www.irishtimes.com/crime-law/courts/2023/12/11/tidy-towns-group-challenges-permission-for-400-apartments-near-dublin-mountains/
- Developer challenges two fire safety measures imposed by planners on proposed nine-storey building: KC Capital Property Group’s legal action relates to a building it is seeking to develop at Cuffe Street in Dublin https://www.irishtimes.com/business/2023/12/12/developer-challenges-two-fire-safety-measures-imposed-by-planners-on-proposed-nine-storey-building/
- The Biden administration has notified Congress that it intends to spend nearly $700 million to buy a former Dublin hotel, demolish it and construct new buildings to turn the site into the new U.S. Embassy in Ireland https://www.voanews.com/amp/us-to-spend-700m-on-new-embassy-in-ireland-breaks-ground-on-new-embassy-in-saudi-arabia/7396306.html
- Cork docklands’ first large-scale apartment scheme to go ahead: The majority of the apartments will be made available at cost-rental, at least 25% below the regular local market rate https://www.irishexaminer.com/property/commercial/arid-41289853.html
- Plans lodged for student apartments on former Cork convent site – To be built at the former St Josephs Convent on Model Farm Road https://www.irishexaminer.com/property/developmentconstruction/arid-41288494.html
- 99 new family homes for East Cork as council greenlights new housing estate: The town is expanding east, with further plans for hundreds of family homes and apartments https://www.corkbeo.ie/news/local-news/99-new-family-homes-east-28295341
- Major Galway housing and Lidl build halted after locals’ ‘heritage’ objection: The long-running saga may be coming to a close https://www.galwaybeo.ie/news/ireland-news/major-galway-housing-lidl-build-8973595
- An Bord Pleanala refuses permission to turn home at College Road into apartments https://galwaybayfm.ie/galway-bay-fm-news-desk/an-bord-pleanala-refuses-permission-to-turn-home-at-college-road-into-apartments/
- Waterford Council refuse planning permission for almost 100 new homes https://www.wlrfm.com/news/planning-permission-homes-338368
- 35 new homes due to Kilkenny side of border with Waterford: The proposed development comprises a two-storey duplex and terrace https://kclr96fm.com/35-new-homes-due-to-kilkenny-side-of-border-with-waterford/
- An Bord Pleanála has given the green light to drinks giant, Diageo, to construct its planned €200m brewery for Newbridge, Co Kildare https://www.rte.ie/news/business/2023/1211/1421416-planning-board-approves-new-diageo-newbridge-plant-plan/
- Athy Lodge could be converted into apartments, Kildare County Council planning permission documents show: The proposal has been made by a company known as Baidera Properties Ltd https://www.kildarenow.com/news/home/1373322/athy-lodge-could-be-converted-into-apartments-kildare-county-council-planning-permission-documents-show.html
- Work begins on 219 affordable and social homes at the former Devoy Barracks in Naas https://www.leinsterleader.ie/news/home/1372162/latest-work-begins-on-219-affordable-and-social-homes-at-the-former-devoy-barracks-in-naas.html
- 200 Social Midlands Houses Delivered In Q3 https://www.midlands103.com/news/midlands-news/200-social-midlands-houses-delivered-in-q3/
- Unfinished hotel in Offaly will be demolished – Big new school lined up for same site https://www.offalyexpress.ie/news/tullamore-tribune/1370211/unfinished-hotel-in-offaly-will-be-demolished.html
- Council may need to take over building of one and two bedroom homes as demand continues to grow https://www.laoistoday.ie/2023/12/13/council-may-need-to-take-over-building-of-one-and-two-bedroom-homes-as-demand-continues-to-grow/
- Latest setback to build modular housing estate for Laois social tenants https://www.ireland-live.ie/news/laois-live/1370716/latest-setback-to-build-modular-housing-estate-for-laois-social-tenants.html
- Laois building boom at Celtic Tiger levels? Record declared by the Department of Housing but figures don’t include property boom stats https://www.ireland-live.ie/news/laois-live/1373932/laois-building-boom-at-celtic-tiger-levels.html
- Potentially pivotal development site in centre of Tullamore is now on the market https://www.offalyexpress.ie/news/home/1370588/potentially-pivotal-development-site-in-centre-of-tullamore-is-now-on-the-market.html
- Demolition works begin in Tipperary on former Clonmel Arms Hotel https://m.independent.ie/regionals/tipperary/news/demolition-works-begin-in-tipperary-on-former-clonmel-arms-hotel/a703954173.html
- Landmark Co Wexford former school set to hit the market for €325,000: Tens of thousands of New Ross pupils were educated at the school over a 150-year period https://m.independent.ie/regionals/wexford/new-ross-news/landmark-co-wexford-former-school-set-to-hit-the-market-for-325000/a1931669218.html
- Longford planners to adjudicate on significant Newtownforbes housing development: Watters Construction & Rental Ltd seeking to construct 39 houses https://www.ireland-live.ie/news/longford-live/1371203/longford-planners-to-adjudicate-on-significant-newtownforbes-housing-development.html
- Planning sought for 36 new houses in Co Cavan https://www.northernsound.ie/news/planning-sought-for-36-new-houses-in-co-cavan-227663
- Sod to be turned on Bundoran housing development https://www.oceanfm.ie/2023/12/11/sod-to-be-turned-on-bundoran-housing-development/
- Council says LDA cost estimate for St Finan’s refurbishment confirms previous estimates https://www.radiokerry.ie/news/council-says-lda-cost-estimate-for-st-finans-refurbishment-confirms-previous-estimates-360574
- Lighthouse Construction Industry Charity lunch raises £180,000 https://www.buildersmerchantsnews.co.uk/Lighthouse-Construction-Industry-Charity-lunch-raises-180000/57145
- Cevian’s CRH play helps lift returns for Europe’s biggest activist investor https://m.independent.ie/business/irish/cevians-crh-play-helps-lift-returns-for-europes-biggest-activist-investor/a702042947.html
- LDA: “I know that finding ways to progress judicial reviews in a fair, but expedited way is a key objective of policy makers“ https://www.businesspost.ie/property/land-development-agency-we-have-15000-homes-in-the-pipeline-and-more-to-come/
- Arkema acquires Arc Building Products in Ireland, specialized in construction adhesives and sealants https://www.arkema.com/global/en/media/newslist/news/global/investorrelations/2023/20231214-arkema-acquires-arc-building-products/
- Cairn has earned its reputation as a truly excellent employer – A good reputation is critically important to company success, says homebuilder Cairn https://www.irishexaminer.com/business/companies/arid-41288005.html
PROPTECH, ESG & CONSTRUCTION INNOVATION

- Proptech Ireland is updating the database of 2023 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
- Commercialisation of Irish research set to soar with KT Boost: Ireland invests close to €1bn annually in research and innovation https://m.independent.ie/business/commercialisation-of-irish-research-set-to-soar-with-kt-boost/a154712682.html
- 9 trends that will change the real estate industry in 2024 – by Menno Lammers, Proptech For Good – including burnout of the financial system, building climate resilience, and nature as our 5th stakeholder https://www.proptechforgood.com/post/9-trends-that-will-change-the-real-estate-industry-in-2024
- Drying up: Where’s the green-tech startup funding gone? At a time when climate goals urgently demand innovative decarbonisation solutions, funding for green-tech startups in construction is evaporating https://www.constructionnews.co.uk/financial/drying-up-wheres-the-green-tech-startup-funding-gone-11-12-2023/
- After Snap Printing and Home Instead, Ed Murphy bets on greentech https://thecurrency.news/articles/137223/after-snap-printing-and-home-instead-ed-murphy-bets-on-greentech-rewinding-the-week-that-was/
- UK proptech startup Housr raises €1.7M; looks to expand its team | Silicon Canals https://siliconcanals.com/crowdfunding/housr-raises-1-7m/
- Startup studio Hexa wants to partner with startups growing too slowly https://techcrunch.com/2023/12/12/startup-studio-hexa-wants-to-partner-with-startups-growing-too-slowly/
- Take the time to brush up those pitch decks https://techcrunch.com/2023/12/12/take-the-time-to-brush-up-those-pitch-decks/
- The Bridge Between Conceptual Design and BIM: A Real-Time Collaborative Platform to Optimize Building Design https://www.archdaily.com/1007609/the-bridge-between-conceptual-design-and-bim-a-real-time-collaborative-platform-to-optimize-building-design
ENERGY, CLIMATE & ENVIRONMENT

- Industry needs to speed up carbon reduction efforts, report warns – Embodied carbon emissions in the UK built environment have not reduced at the pace required to reach net zero https://www.constructionnews.co.uk/sustainability/industry-needs-to-speed-up-carbon-reduction-efforts-report-warns-07-12-2023/
- Retrofit madness – Half of homes upgraded in €500m scheme FAIL energy inspection https://extra.ie/2023/12/10/property/retrofit-fail-inspection
- Motorway and national road lights removed to save energy: Transport Infrastructure Ireland says its research has shown the scheme does not affect safety. https://www.thejournal.ie/lights-turned-off-motorways-m4-m6-n40-n25-6243670-Dec2023/
- A last ditch attempt to save the ill-fated Derrybrien wind farm was launched in the Seanad on Thursday as a new bill was tabled which could prevent the multi-million euro facility from having to be dismantled. https://waterford-news.ie/2023/12/15/attempt-to-save-galway-wind-farm-with-new-legislation-aimed-at-bypassing-european-court-ruling/
- Aughinish Alumina has re-applied for planning permission for an expansion of its factory.; The application, lodged with An Bórd Pleanála in late October, is the reactivation of a case that was previously refused by the High Court https://www.radiokerry.ie/news/aughinish-alumina-re-applies-for-permission-to-expand-facility-361375
- Launch of new Energy Agency for Connemara and Galway Islands https://irishtechnews.ie/energy-agency-for-connemara-and-galway-islands/amp/
RESIDENTIAL PROPERTY NEWS (including PRS)

- Property prices to ‘keep rising next year’ as more people moving house https://m.independent.ie/business/personal-finance/property-prices-to-keep-rising-next-year-as-more-people-moving-house/a1224689895.html
- Clare, Limerick, and Tipperary have seen the highest annual increases in house prices at 6.2% while the cost of homes in Dublin has fallen, according to the Central Statistics Office (CSO) https://www.irishexaminer.com/news/arid-41289511.html
- House prices continue to rise in Ireland – where’s best to buy?https://www.euronews.com/business/2023/12/13/house-prices-continue-to-rise-in-ireland-wheres-best-to-buy
- A seller’s pack and no ‘sale agreed’ stage would help speed up process – Buying a house here can be frustratingly slow but the bidding process is one of the most transparent in the world https://www.businesspost.ie/property/john-fogarty-re-max-a-sellers-pack-and-no-sale-agreed-stage-would-help-speed-up-process/
- Landlord exodus: Some 44 per cent said they would have considered not selling if they had to pay less tax and 29 per cent if there was less regulation https://www.irishtimes.com/opinion/2023/12/15/exodus-of-small-landlords-from-the-market-has-been-greatly-exaggerated/
- Median amount of money tenants spend on rent is 30% of their monthly net income, after tax and excluding bills and services charges – study also shows a high level of positive experiences among tenants and small landlords https://www.rte.ie/news/ireland/2023/1213/1421645-renting-survey/
- Over 70% of small landlords have a neutral or negative attitude towards Rent Pressure Zones: The latest Rental Sector Survey report by the RTB also indicates that only 44% of tenants know what a Rent Pressure Zone is. https://www.thejournal.ie/rent-pressure-zones-residential-tenancies-board-rental-sector-report-6246841-Dec2023/
- The private rental sector is like a game of musical chairs: The recent Residential Tenancies Board’s Rental Sector Survey shows that the two big issues in the sector continue to affect tenants: affordability and insecurity https://www.irishexaminer.com/opinion/commentanalysis/arid-41289490.html
- Dublin City Council officially opens dozens of homes in new Ballyfermot housing scheme: The mix of one, two and three bedroom homes are in the newly developed Cornamona Court on the Kylemore Road https://www.dublinlive.ie/news/dublin-news/dublin-city-council-officially-opens-28274729
- High-quality multi-family investment near Castleknock: The self-contained block in Hampton Square, Dublin 7 contains 26 apartments of different sizes with a total rental income of €458,064 per annum https://www.businesspost.ie/property/high-quality-multi-family-investment-near-castleknock/
- Everything you need to know about the Vacant Property Refurbishment Grant https://www.ireland-live.ie/news/kildare-now/1374119/guide-everything-you-need-to-know-about-the-vacant-property-refurbishment-grant.html
- Airbnb is helping to fund the restoration of a beautiful old house in Fermoy: A beautiful 1800s house in Fermoy has been awarded Airbnb funding to help with renovations and encourage tourism in the area https://www.yaycork.ie/airbnb-is-helping-to-fund-the-restoration-of-a-beautiful-old-house-in-fermoy/
- Wish List: Cool buys to add winter sparkle to your home: Home Editor Eve Kelliher checks out snazzy seating, dreamy decorations and Pantone’s Colour of the Year 2024 https://www.irishexaminer.com/property/homeandgardens/arid-41286526.html
- ‘Birdbox’ treehouse among Irish Airbnbs recognized for offering unique places to stay – The one-of-a-kind property was recognized by Airbnb for offering tourists a unique place to stay https://www.irishstar.com/travel/ireland/birdbox-treehouse-irish-airbnb-award-31665620.amp
- Pictured: The €11m, nine-bed Washington mansion bought to house Irish ambassador: Government buys one of the most expensive homes in US capital for Geraldine Byrne Nason https://www.businesspost.ie/article/pictured-the-e11m-nine-bed-washington-mansion-bought-to-house-irish-ambassador/
COMMERCIAL PROPERTY NEWS

- Investment in commercial property plunges to lowest level in a decade as valuations fall: Institutional investment in Irish commercial real estate stood at just €3bn over the last year – the lowest level since 2014 https://www.businesspost.ie/article/investment-in-commercial-property-plunges-to-lowest-level-in-a-decade-as-valuations-fall/
- Commercial property players focused on Ireland have made ‘Survive until ’25’ their maxim, as a notable increase in restructurings is expected across small and medium-sized companies, according to global law firm Taylor Wessing. https://m.independent.ie/business/survive-to-2025-is-the-order-of-the-day-as-smes-and-property-firms-await-rate-reductions/a2037170262.html
- Painful correction of €50bn commercial market could carry a silver lining: The re-pricing of assets that could knock 20 per cent off the value of the market might open up opportunities for investors once the dust settles https://www.businesspost.ie/markets/painful-correction-of-e50bn-commercial-market-could-carry-a-silver-lining/
- Kajani’s Irish office deal, Gulliver sale and Swatch on Grafton Street https://www.thetimes.co.uk/article/kajanis-irish-office-deal-gulliver-sale-and-swatch-on-grafton-street-jpznc9pxn?t=ie
- Ireland’s largest hotel group expects revenues to exceed €600m https://m.independent.ie/business/irish/irelands-largest-hotel-group-expects-revenues-to-exceed-600m/a1453341288.html
- Sodexo has successfully retained six education contracts across Ireland, with a collective value of €6.3 million over their lifetime of two to five years https://www.hospitalityireland.com/general-industry/sodexo-retains-e6-3m-in-educational-contracts-across-ireland-202319
- Fast growing Irish shopping centre getting two new stores as plans emerge: One major name has been confirmed while the other is still in the pipeline https://www.galwaybeo.ie/news/galway-news/fast-growing-irish-shopping-centre-8969515
- Big business boost in small Galway village as new shop opening doors https://www.galwaybeo.ie/news/galway-news/big-business-boost-small-galway-8972556
INTERNATIONAL PROPERTY NEWS
- UK House prices WILL fall in 2024 despite recent rises – top analyst prediction https://www.propertyinvestortoday.co.uk/breaking-news/2023/12/house-prices-will-fall-in-2024-despite-recent-rises–top-analyst-prediction?source=newsticker
- Annual pace of UK rental prices growth expected to halve by end of 2024 https://www.ireland-live.ie/news/personal-finance/1369834/annual-pace-of-uk-rental-prices-growth-expected-to-halve-by-end-of-2024.html
- UK Government has set out an ambitious plan to raise the use of timber in the construction of homes and buildings https://www.constructionenquirer.com/2023/12/12/government-commits-to-more-timber-construction/
- UK Construction employees who suffer work-related stress may sue their employers for disability discrimination – even if they have not been diagnosed with a mental illness by a doctor, per a recent ruling from an employment judge https://www.constructionnews.co.uk/health-and-safety/mind-matters/construction-workers-can-sue-for-stress-12-12-2023/
- UK Construction faces slow journey to recovery in 2024, says analyst https://www.constructionnews.co.uk/financial/construction-faces-slow-journey-to-recovery-in-2024-says-analyst-13-12-2023/
- ‘Retrofit first’ policy floated for City of London schemes – Planners at the City of London Corporation have set out proposals to force developers to seriously consider retrofit and reuse as first options for planned redevelopment of buildings in the Square Mile https://www.constructionenquirer.com/2023/12/13/retrofit-first-policy-floated-for-city-of-london-schemes/
- Tales of the unexpected: inside the thriving world of independent bookshops – Cosy, curated and community-minded, the bookshops we cherish offer much more than a place to find a good read https://www.theguardian.com/books/2023/dec/10/tales-of-the-unexpected-inside-the-thriving-world-of-independent-bookshops
- New Manx folklore book uncovers hundreds of years of lost tales https://www.bbc.com/news/world-europe-isle-of-man-67663812
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/








