Construction BUSINESS

Property

House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report for the final quarter of 2016. “Clearly low stock levels

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month, according to the latest figures from the Banking & Payments Federation Ireland (BPFI)  Mortgage Approvals Report

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Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

    Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

Allsop’s final auction of 2016 took place this week with 158 properties sold and total sales of over €28m, Daft.ie’s Martin Clancy reported on Monday. “The auction was characterised by

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Planning Permissions Granted for Apartments Increase by 304.5%

    Planning Permissions Granted for Apartments Increase by 304.5%

The number of apartment dwelling units granted planning permission in the third quarter of 2016 rose to 1,452, up from 359 in 2015, an incrase of 304.5%, the CSO revealed

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DART & Luas Map Illustrates Dublin Rental Prices

    DART & Luas Map Illustrates Dublin Rental Prices

A map of Luas and DART stops, published by Daft on Friday, highlights the most and least expensive areas to live in Dublin. According to the maps, commuters living on

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw

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Sligo East City Regeneration Project Launched in Cranmore

    Sligo East City Regeneration Project Launched in Cranmore

The Sligo East City, Cranmore and Environs Regeneration Project was launched at a showcase community event in Cranmore, Sligo on Thursday, December 1. The Department of Housing, Planning, Community and

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Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

    Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according to a new report released by property consultants, Savills Ireland,

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25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

    25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

Research conducted by Daft.ie has found that 25% of available projects that qualify for the first-time buyers scheme are located in Dublin County. The research, published on Friday, November 25,

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AIB Says Loans to Contribute More Than 1,000 New Hotel Bedrooms in Ireland Within 18 Months

    AIB Says Loans to Contribute More Than 1,000 New Hotel Bedrooms in Ireland Within 18 Months

AIB announced on Tuesday, November 22, that it had approved over €300 million in loans to the hotel sector in 2016. AIB’s Head of Hospitality Owen Travers said that the

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€30 Million Retail Centre Planned for Bray

    €30 Million Retail Centre Planned for Bray

A development partner is being sought to develop a 2.4 acre site, previously known as the ‘Florentine Centre’, in Bray, Savills announced on  Wednesday, 16 November 2016. Wicklow County Council

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the next five years, according to Savills’ 2016 Skyline Survey. The

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Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

    Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

The Daft.ie Rental Report for the third quarter of 2016, released on Tuesday, November 8, called the lack of residential construction in Ireland during the last five years a “systemic

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Hines set to acquire ‘Grafton collection’ for €55 million

    Hines set to acquire ‘Grafton collection’ for €55 million

The Grafton collection, a multi-let block of retail buildings at the junction of Grafton Street and Duke Street in Dublin, is set to be acquired by US real estate giant

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Dún Laoghaire’s Pavilion up for sale for €9.6 million

    Dún Laoghaire’s Pavilion up for sale for €9.6 million

Located just opposite the harbour and the DART station, Dún Laoghaire’s Pavilion development has been placed on the market with a guide price of €9.6 million. Developed in two phases

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Dublin rental sector growing “explosively”, says new report

    Dublin rental sector growing “explosively”, says new report

Nearly a quarter of all households in Dublin are living in private rental accommodation, according to new research based on CSO data from Savills Ireland. Since the beginning of 2011,

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Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

    Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

Delays as long as 18 months for housing developments to go through the planning system could be adding as much as €4,000 to the price of a new home, Department

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“Controversial” planning application to build houses on playing fields shelved

    “Controversial” planning application to build houses on playing fields shelved

Developers Greg Kavanagh and Patrick Crean have pulled out of a planning application to build more than 350 homes and apartments on playing fields in Raheny, North Dublin. Opponents to

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Simon Coveney launches “Pillar 2” of housing action plan

    Simon Coveney launches “Pillar 2” of housing action plan

Minister for Housing, Planning, Community and Local Government, Simon Coveney, has announced the details of Pillar 2 ‘Accelerate Social Housing’ under Rebuilding Ireland – an action plan for housing and

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Ballymore launches new “Dublin Landings” docklands development

    Ballymore launches new “Dublin Landings” docklands development

Private property group Ballymore has officially launched its new docklands development, Dublin Landings, at an event at the CHQ Building IFSC on Custom House Quay this morning. Dublin Landings is

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Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

    Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

Delegates at the Construction Industry Federation’s (CIF) annual conference at Croke Park have heard how the construction industry will play a vital role in “Rebuilding Ireland”, with the possibility of

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Construction projects’ value rises over €1 billion in first half of 2016

    Construction projects’ value rises over €1 billion in first half of 2016

New figures provided by the Building Information Index suggest that the value of construction projects in Ireland has risen significantly when compared with the previous year. In the first half

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Supply issues hurting housing market as prices set to rise, according to reports

    Supply issues hurting housing market as prices set to rise, according to reports

Two new reports on the Irish housing market, commissioned by myhome.ie and daft.ie respectively, have warned of the shortfall in the supply of new homes across the country. The lack

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Rabobank HQ in D2 up for sale for €45 million

    Rabobank HQ in D2 up for sale for €45 million

Rabobank’s headquarters at Charlemont Exchange on the banks of the Grand Canal in Dublin 2 is up for sale for

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Central Bank lending limits will mean less houses built, claims ESRI

    Central Bank lending limits will mean less houses built, claims ESRI

The Economic and Social Research Institute (ESRI) has issued a warning for house construction in their latest Quarterly Economic Commentary

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New homes supply significantly lower than official figures suggest, claims expert

    New homes supply significantly lower than official figures suggest, claims expert

A leading housing academic has claimed that the supply of new homes in Ireland may up to 75% less than

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Planning permission granted for 22,000 sq m development at Liffey Valley Shopping Centre

A 22,000 sq m development at Liffey Valley Shopping Centre in Dublin has been granted planning permission. The development will include

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Residents try to block plans for €50m luxury apartments in Dublin 4

A group of Dublin 4 residents are trying block plans by Denis O’Brien-backed property firm from constructing a new €50m

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Kennedy Wilson Aware of both Risks and Opportunities in Irish Market Due to Brexit

Kennedy Wilson has stated it is aware of both the risks and opportunities that may occur in the investment and occupier markets, due to Brexit.

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Dublin Docks Hotel Development Delayed as Demand for City Rooms Increases

Paddy McKillen Jr of Chirita Ltd has said he is confident he can agree a plan with Dublin City Counci to go forward with plans to build a new 93-bedroom hotel on North Wall Quay located in Dublin’s docklands.

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Twelfth Lock Hotel Sold for €2.4m

The Twelfth Lock Hotel, which overlooks the Royal Canal at Castleknock in Dublin has been sold for approximately €2.4m in a private contract sale.

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Proportion of Irish Homes Bought by Cash Buyers Rise Significantly After Property Crash

As reported by Central Bank economists who conducted new research, the proportion of houses and apartments purchased by cash buyers rose from 25% at the peak of the property boom to 60% in 2014.

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Comreg’s Gets New Location at One Dockland Central

One Dockland Central in Dublin’s IFSC is now the home of Communications regulator, Comreg, having signed a 20-year lease.

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Nama’s sale of €1.5bn Project Tolka Delayed Due to Incomplete Paperwork

The expected removal by Nama of Project Tolka, a sale of approximately €1.5bn, is certain to be postponed beyond August 31, the date by which it had been assumed to be put on the market.

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Liffey Valley Shopping Centre on Sale for €600m

The Liffey Valley shopping centre, located in west Dublin, is due to go on the market with an asking price of at least €600m following the selection by its owners of Eastdil Secured LLC to broker the purchase.

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Henry Street gets Major Retailer Due to Smyth-Arnotts Deal

Fitzwilliam Finance Partners, the investment vehicle of Smyth’s, proposed a planning application in conjunction with Arnotts to Dublin City Council, dividing numbers 7, 8 and 9 Henry Street, which presently occupies Arnotts’ ladies shoe department, into a separate building of roughly 40,000 sq ft.

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New Grant to be Recieved by First-time Buyers

A brand new tax-refund-based scheme will be introduced in the Government’s Budget for first-time buyers.

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New Reports Shows that 1 in 8 commercial properties are Vacant

The analysis, covering the three-month period near the end of June, displays that 28,615, or 13.1pc of the Republic’s 219,176 commercial

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State to Create 45,000 Social Homes

The Government’s much anticipated plan to tackle the housing crisis is set into motion as a State fund will purchase distressed properties from banks and a pledge to build 45,000 new social houses at least by 2021.

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Rehab’s Dublin 4 Site to be Purchased for €21m by Department of Education

The former Rehab site in D4 is on the market and being negotiated for €21 by The Department of Education.

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Rise in property prices outside Dublin

Two separate reports on property prices indicate big increases in the cost of buying a home outside of Dublin in

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