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This week’s vital property news: Big increase in UK companies making enquiries to Irish property agents

Everything you need to know in one quick guided tour.

central bank Source: Paul Roberts/Photography via Flickr/CC

The Big Movers

Almost 30% increase in UK firms ringing Irish property agents since Brexit vote

According to a study from the Royal Institution of Chartered Surveyors (RCSI) there has been a jump of almost a third in UK companies enquiring about commercial property opportunities in Ireland.

The iconic Central Bank headquarters has confirmed its preferred bidder

The Central Bank of Ireland has confirmed it will “enter into a process that is subject to various procedures” with Hines, a US property fund which already owns the Liffey Valley Shopping Centre.

Under Construction

shutterstock_133732082 Source: Shutterstock/Atiketta Sangasaeng

  • Dublin hotels are reconfiguring larger suites and office spaces into smaller rooms in an effort to keep up with the demand for rooms for tourists, according to an article in the Irish Times this week.
  • Less than half of rented homes meet basic standards because of fire safety and ventilation issues said a report in the Irish Independent. In 2014, of 15,000 dwellings that underwent inspection, 55% failed to meet the standard required.
  • Economist David McWilliams has said that the State needs to accelerate cheap house and apartment building to ease pressures on cost of living, according to an article in the Irish Independent this week.

DNG Sale Agreed2 Source: Daft.ie

Des Res

Fashion designer Tommy Hilfiger is having trouble selling his Plaza Hotel penthouse. It’s on the market again, having been off for a few months, for $58.9 million (approximately €53.23 million). It was originally listed at $80 million (approximately €72.25 million) in 2013. Fancy a look inside?

This week’s vital property news: Big increase in UK companies making enquiries to Irish property agents
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  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

  • Tommy Hilfiger's penthouse apartment

All images: Business Insider

And Finally…

The Making Ireland Modern exhibition is in its final week (until 12 November) at Earlsfort Terrace, Dublin. The exhibition, which came from Ireland’s exhibition at the Venice Architecture Biennale in 2014, investigates the relationship between architecture, technology and infrastructure. You can find more information and get tickets here.

Read: House demand in Ireland won’t be met until 2020

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About the author:

Edel Corrigan

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