Sunday Property Round-Up
Never let it be said that Irish newspapers don’t offer value for money; today’s line-up is jam-packed with the best property commentary I’ve read for months. Plenty to keep you going through the long weekend. If you only have time for one paper today, for property (and pensions) news, the Sunday Business Post has the edge over the other supplements this week – with the possible exception of Ronald Quinlan writing on commercial property for the Sunday Independent.
And if you want to take your property reading to a whole new level, the novel ‘Grange Abbey’ by developer David Daly (under the pseudonym David Delaney) , charts the rise and fall of the apparently fictional Bannon family through three-generations of property development. The novel has been described by the Sunday Business Post as an “epic tale of love, power, revenge, property and an empire to salvage”…
Surprisingly, none of the papers ran the details of Housing Minister Simon Coveney launching the online residential land map – Irish Building Magazine has the best coverage so click the magazine link for full details.
The Sunday Business Post
Editor Tina-Marie O’Neill writes Commuter counties see spike in house sales and includes an informative breakdown and hugely helpful map to chart commuter trends. Unsurprisingly, South Wicklow and Wexford are seeing steady increases. Meath is the star performer with Carlow, Kilkenny and Waterford all losing out.
Karl Deeter writes about the need for ongoing rebuilding and the importance of ongoing maintenance and repair of existing assets and infrastructure. He’s not wrong.
Also, for the South Dublin market particularly, Catherine Healy brings together the best of what’s available, with some big budget properties in there. There’s also The Fishing Lodge in Mayo with a sunken seated area around an open fire , which comes complete with a private slipway into Cloon River.
Under the ‘Rebuilding Ireland’ agenda, South Dublin County Council are inviting expressions of interest for a 70+ acre residential site at Clondalkin, opposite Grange Castle Golf Club. www.sdublincoco.ie for more.
Donal Buckley writes ‘Planning approved for Dundrum development’. Airfield Estate has appealed the decision to allow Marlet (Pat Crean) to develop 120 apartments at Greenacres.
In other commercial property news, Limerick is set for two new office builds, at Henry Street and at City East Plaza on the Ballysimon Road. This will bring stock levels in Limerick to about three times that of Galway, with prices in and around €215per sq. metre.
Elsewhere in the paper
Developer and telecoms entrepreneur, Michael Maye, is to build a €60m covered market, including 180-room hotel in Galway’s city centre.
There is a three-page pensions special in the Money Plus section; Barry J Whyte writes about Ireland’s Pensions Time Bomb. Despite the annoyingly over-used analogy, there is plenty to be concerned about.
Dublin company, Davra Networks, has secured the contract to deliver ‘smart cities’ across the UK. This involves:
“developing technologies to measure air quality, oversee waste management and monitor water levels and flooding” .
Also, while it’s not property related, Jane Ruffino and Emmet Ryan have particularly interesting pieces in the Technology section. For the proptech perspective, go to prop-tech.ie/
If you are looking for a big budget property in counties Meath or Kildare, then the Sunday Independent is for you today. If your budget is a bit more modest, then page 3 will surely interest you: ’11 Show house tips to add value to your home’ has a stellar line-up of the country’s best interior designers, Nicki Cloonan, Helen Turkington and Arlene McIntyre, giving their respective top tips. These include decluttering the Marie Kondo way; the value of ‘under-furnishing’ to enhance the feeling of space; keep the colour palette neutral with pops of colour through the accessories; ambient lighting and lingers scents are always important while the focus should remain on key rooms like the entrance hall and kitchen.
The 4 of a kind features starter houses in North Dublin, all below €400,000.
‘How do I extend my kitchen’ is the topic for Architect’s Clinic by Gary Mongey with an easy breakdown of the process and important things to consider before getting started. This is one of the most asked questions by house-hunters when viewing second-hand homes!
Ronan Lyons column always makes for insightful reading and today is no exception. He poses a big question: ‘Housing Crisis – Whose fault is it anyway?’ With a starting assumption that supply is the core problem (I don’t know anyone who would disagree with that), he asserts that the logical conclusion most commentators come to is that the State must step in and get building new homes (I heartily disagree with this). But Ronan explains that the State as home-builders is not only wrong but “dangerous in terms of its policy implications”. Certainly, a portion of home-building must be borne by the State – Ronan suggests one-third -but the balance certainly falls to private developers and they will not ramp up construction until such time as it becomes commercially viable, which, at the moment, it is not. His conclusion?
“…policymakers need to stop blaming the market and take a long, hard look at their role in creating Ireland’s housing crisis.”
Ronald Quinlan writes ‘Dublin firmly on Brexit move map as inquiries rise’. This is on foot of a recent SCSI survey, where nearly two-thirds of respondents are experiencing increased requests from UK businesses considering a move to Ireland.
Also, ‘Irish developers’ boon-era vision recognised among the deals of the decade by award jury’: These award hosted by PropertyEU Magazine in London last week praised the professionalism within the Irish development sector and the quality of developments. Assets formerly belonging to Chartered Land chief Joe O’Reilly and Former Treasury Holding directors, Johnny Ronan and Richard Barrett were rated best in class on the night.
The Sunday Times
The front-page featured property is the immaculately-maintained Old Rectory in Trim, County Meath. The currently seller has lived in the property for 32 years, the first 10 of those were spent renting a room with other tenants. The house then served as a Montessori and has great commercial and residential potential. With an asking price of €850,000, this genuinely unique property is listed with one of our favourite estate agents, Phil Thompson, of Des Lalor Auctioneers (www.DesLalor.ie)
Editor Linda Daly writes about an extended, five-bedroom contemporary home in Stepaside with views over the nine-hole Stepaside Golf Course on the Old Enniskerry Road. The home sits on half an acre with a triple garage.
Millionaire’s Row features the truly magnificent Glandore Look Out in West Cork, with double aspect panoramic sea and harbour views. The almost-400 sq. ft. house itself is stunning but the location is the star. If you have a million to spend in West Cork, this should definitely make the shortlist (and I’m available anytime to view or housesit!)
Home hunter Eithne Shortall succinctly sums up the conclusion of almost every house-hunter today:
“When I see house prices rising by multiples of what I can save, I curse myself for not buying 18 months ago”