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Saturday 3 June 2023 Dublin: 17°C

# Savills

All time
# Savills
"Full proof of funds": Estate agent asks potential buyers for detailed financial information before house viewings
Savills asked viewers for ‘evidence of savings’ or mortgage approval in principle documents including full amounts.
# building and property
Point Square units could become leisure spots in light of an 'irrevocably changed' retail market
Letting agents Savills and CBRE say the mostly empty property’s original vision is ‘no longer achievable’.
# jobs growth
Public sector hoovering up office space in capital as it's becoming Dublin's fastest growing employer
Over 4,900 jobs were created in public administration last year, according to the latest Savills Ireland report.
# cuckoo funds
Rent rises to continue as corporate investors spend record amounts on Irish property
A new report forecasts that rents will rise by 17% in the next three years.
# Dublin
Site with planning permission for over 400 apartments on sale for €32 million
The vacancy rate in Dublin’s private rented sector has been below 2% for more than four years.
# Office space
Plans unveiled for new €18m 'Lumen' office block in Dublin
Tenants are now being sought for the 19,200-sq. ft. building on Baggot Street.
# Property
Five-star Druids Glen Hotel and Golf Resort goes on the market for €45m
The resort hosted four Irish Opens between 1996 and 1999, when winners included Colin Montgomerie and Sergio Garcia.
# unfinished
Dublin docklands apartment block goes on sale for €52.5 million
The apartments on Sir John Rogerson’s Quay are set to be finished in the first quarter of 2020.
# Howth
One of Dublin's most sought-after development sites has hit the market for a cool €25 million
Project Pier, located just west of Howth marina, had been subject to a controversial High Court planning challenge last year.
# prime real estate
One of the few remaining Dublin docklands sites has been put on the market for a cool €110 million
The 5.91 acre site, adjacent to Sheriff Street and Castleforbes Road on the north docklands, will provide space for as many as 450 apartments.
# Housing
Report shows rents in Dublin are going to keep going up by 5-6% until 2019
The figures are contained in a rental report by property consultants Savills.
# For Sale
This plot of land in Dublin's docklands is up for sale for €27 million
The site could be home to 400 apartments.
# Property Prices
'We need bold measures': Government warned not to raise stamp duty in Budget
Estate agent Savills has urged the government not to raise stamp duty, while Guaranteed Irish wants a VAT cut on houses.
# Sales
Penneys and discount supermarkets are making other retailers decrease their prices
Intense competition is forcing retailers to pass on cost savings, according to Savills’ latest retail report.
# NAMA
Carton House Hotel on sale for €60 million
The hotel has 165 bedrooms, including 18 suites located in the original house.
# Montrose
RTÉ has sold off part of its Donnybrook HQ for more than €100m
Cairn Homes is expected to build more than 500 houses on the property.
# the exo
Take a look at what will be Dublin's tallest office building
Its construction will take about two years at a cost of €70 million.
# Staying Put
Fewer people are downsizing homes as 'adult children are taking longer to fly the nest'
The average price gap between people down-selling and buying back into the market is €345,129.
# needs must
Cash-strapped RTÉ has officially put a chunk of land at its HQ up for sale for €75 million
It’s thought the land is likely to be sold for residential development.
# Florentine Centre
After 20 years of false starts, a big site in the centre of Bray is finally getting the go-ahead
The Florentine Centre has been earmarked for successive retail developments since 1996.
# Brexit demand
There are over 130 new office buildings being planned for Dublin
The buildings, if completed, will total over 12 million square feet and be enough space to accommodate over 100,000 employees.
# supply vs demand
Noonan defends first-time buyers plan as critics warn it will create 'bidding war'
Cutting VAT on new homes would have been a better approach, one economist has said.
# (free) money money money
There are yet more Irish laws that allow foreign property investors to operate here tax-free
Certain funds in operation here are seeing foreign property investors paying no tax on income. The value of property owned in these funds is in the region of €300 billion.
# the reflector
Construction begins on top of the range €100 million Dublin office building
‘The Reflector’, as it is known, will eventually provide space for more than 1,000 employees.
# Spencer Dock
This Dublin office building has sold for €242 million
The sale of the 21,000 square metre Dublin office block is one of the most high profile office investment sales to occur in Ireland.
# Office space
There are some VERY impressive office buildings under construction in Dublin right now...
The 35 office buildings in development are enough to accommodate 30,000 workers. Yet office space is still at a premium in the city…
Boom-time Clarion Hotel in Sligo sells for €13 million
The property had originally gone on the market for €7 million.
# On the market
One of Dublin's most recognisable buildings is up for sale and expected to fetch a cool €14 million
But what will become of Baggot Street Hospital?
# On the market
Have a favourite retail park? It might be up for sale today...
There’s a portfolio of five such Irish parks hitting the market today for €162 million, together with an exclusive Spencer Dock office block in Dublin.
# gaffs
House prices are marching upwards again
Property got a bit cheaper at the start of the year – but that’s changing now.
# new gaffs
House prices are actually falling all over the country
The Central Bank’s new mortgage rules are probably working to keep a lid on the market.
# Des Res
Peek into a three-storey wonder on a very prestigious road
Take a tour around.
# going going gone
Buying a home? You're facing fresh competition. A glut of new landlords
Savills say the new mortgage rules will mean even more investors.
# spit and shine
A lick of paint: The value of upgrading your rental property
Landlords are being advised to boost the value of their rentals by giving them deluxe refits.
# shovel ready
The Viewing: Your vital round-up of property news from the week
Everything you need to know in one quick guided tour.
# big beds for all
Hotel sales could hit €1bn by the end of this year
That’s according to Savills, based on current sales.
# over stimulation
Estate agents to Government: Don't 'reinflate the housing bubble'
Savills say that the mortgage guarantee scheme could do just that.
# Recovery
The retail sector is delighted that more part-time jobs are becoming full-time
An increase in the number of full-time jobs has resulted in a boost for retail sales.
# masterplanning
A 400-acre 'suburb' in Cherrywood is now on the market for €220 million
The land is “bigger than Hyde Park” and could hold nearly 4,000 homes.
# bubble trouble
There's more money flowing into commercial property than at the height of the boom
Estimates of the total spend for the year are running as high as €5 billion.