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Ireland needs 2,000 more surveyors: 5 things to know in property this week

Plus Dublin has been named one of Europe’s top cities for real estate investment.

WE ALL KNOW that the world of property is fast-paced and varied, so it’s understandable that having our fingers on the pulse 24/7 isn’t always possible. That’s why each week, we put together a five-minute round up of the week’s biggest stories.

This time, a well-known Dublin bar has its expansion plans pushed back, a report reveals that Dublin is an easy target for property investment and residents in Cork continue to fight mass evictions.

Here’s the lowdown…

1. Ireland needs 2,000 more property surveyors

river Source: Shutterstock

Ireland is facing a shortage of property and construction surveyors over the next four years due to a shortfall in third-level graduates. A new report has found that there is set to be need for more than 2,000 surveyors in the coming years. And, although there has been an increase in people taking up property and construction courses, the rate just isn’t meeting demand.

2. Dublin’s Bar Rua makeover gets red light from council

4087447 Source: Google Maps

The brothers behind the Carrig Brewing Company have had their expansion plans scuppered by the local council. Co-founder James Dunne applied for planning permission to overhaul the city centre pub Bar Rua, but the council has denied it for the proposed works.

3. Penneys HQ faces thousands of euro in fines over vacant site

4083955 Source: Google Maps

Primark Limited has filed an appeal with the national planning authority in a bid to remove Independent House, located on Middle Abbey Street, from the land-hoarders list.

The vacant site register initiative was launched last year in an attempt to prevent property owners from sitting on land that could be potentially developed for housing.

4. Dublin comes out on top for real estate investment

4072527 Source: Flickr/lennoxmcdough

According to a new report from Savills, low tax rates and flexible labour laws make Dublin one of the best European cities for real estate investment. The Irish capital has placed sixth out of 40 on Savills Investment Management’s ‘dynamic cities index’ list.

5. Leeside Apartments residents calling for government help

original Source: Sean Murray/TheJournal.ie

Residents facing eviction from rented accommodation in Cork city are asking the government for a rapid change in legislation to help them stay in their homes. Tenants at  Leeside Apartments have been battling with Lugus Capital, the fund that owns the complex, after they were informed they would have to leave their homes.

Lugus Capital has previously said the apartments are not in compliance with fire certificates and the refurbishment is needed to bring the building up to modern standards.

And this week’s property buzzword is…

Pied-à-terre, which, directly translated from French means ‘one foot on the ground’.  Essentially it’s a smaller residence secondary to a primary home. Differing from a holiday home, it’s usually in a city or a town that the owner needs to travel to regularly, throughout the year. 

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