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Locals fight plans for Vicar Street hotel: 5 things to know in property this week

Plus, how many homes were sold in Ireland last year?

EACH AND EVERY week, we put together a round-up of the week’s biggest property news stories around Ireland.

Stay on the real estate pulse with our five-minute digest, featuring the vital news from the week just gone.

This week, locals are opposing the development of a hotel on Vicar Street – and a new mirco-brewery is to open in Limerick.

1. Locals protest Harry Crosbie’s Vicar Street hotel

download (1) Cónal Thomas Cónal Thomas

Developer Harry Crosbie’s ambitious eight-storey Vicar Street Hotel is being met with opposition from locals. They are arguing against the new development, as well as the recent uptick in planning for student accommodation and hotels in Dublin 8. 

Last month, Dublin City Council gave the green light to the 185-bedroom hotel – a decision that People Before Profit TD Bríd Smith and Councillor Tina MacVeigh have appealed to An Bord Pleanála.

2. Work begins to refurbish The Liberties’ Peace Park

liberties @libertiesdublin / Twitter @libertiesdublin / Twitter / Twitter

Work began this week at The Liberties’ Peace Park, after years of the park being closed due to antisocial behaviour. The park, located in Nicholas Street, Dublin across from Christchurch Cathedral, was designed as a sunken garden to reduce traffic noise at a busy junction.

The central sunken area of the park will be raised, and some of the dense tree and shrub planting will be removed to let more light into the garden. The work will include the restoration of the ‘Tree of Life’ cast bronzes which were originally placed in the garden for the Millennium celebrations in 1988.

3. In 2018, over 55,000 homes were purchased in Ireland

shutterstock_3710170 Shutterstock / Catherine Jones Shutterstock / Catherine Jones / Catherine Jones

The were 12% more mortgages issued in 2018 than in 2017, figures from the latest quarterly Consumer Market Monitor report show. The reports also shows that 55,000 homes were purchased last year, an increase of 8%.

Since 2014, sales have increased by 8% per year, on average. First-time buyers have accounted for over 60% of all sales during this period. 

4. Government wants delay in property tax reduction law 

shutterstock_787737604 Shutterstock / Fabio Balbi Shutterstock / Fabio Balbi / Fabio Balbi

Homeowners who are already paying management fees should get a reduction in their property tax Bill, according to Fianna Fáil. The party proposes that householders should get a reduction in their property tax bill worth one-third of the management fee, one-third of the local property tax, or €300 – whichever is the lower amount.

The property tax reform will end homeowners paying for the same services on the double, according to Fianna Fáil. The government will not oppose the Bill, but have called for a deferral of the proposed legislation for six months, where a second reading of the Bill will then take place.

5. Limerick micro-brewery gets go-ahead

gm Google Maps Google Maps

Plans to open a micro-brewery in the medieval quarter of Limerick have been given the go-ahead by city planners, reports the Limerick Leader.

Conradh Brewing Company, trading as Treaty City Brewery, will refit 24 and 25 Nicholas Street to provide micro-brewery facilities, office facilities and an observation deck. 

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    Mute Shane Morris
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    Jul 3rd 2019, 10:44 PM

    If only the Brits managed to get China to agree to some kind of guarantee in 1997…say a backstop, just in case China ever reneged on an international treaty…despite all the reassurances.

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    Mute wattsed56
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    Jul 4th 2019, 9:00 AM

    @Shane Morris: Perhaps read the last paragraph of the article.

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    Mute Mushy Peas
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    Jul 4th 2019, 9:40 AM

    @wattsed56: you missed his point entirely.

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    Mute Fergus Murphy
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    Jul 3rd 2019, 10:32 PM

    Maybe the Brits can solve all of this with existing technology

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    Mute Devilsavocado
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    Jul 3rd 2019, 11:03 PM

    China is going to do what China is going to do and there is nothing the British can do about. The Chinese have little to fear from anybody in either military or economical sanctions, they have become a massive world power that puts all other countries but the US into a lower league, Britain better get used to the fact they are no longer at the big boys table.

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    Mute Liam O hAodha
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    Jul 3rd 2019, 11:42 PM

    The Brits really have made a balls of everywhere they occupied & put borders in, Ireland, China, Palestine, India/Pakistan, North Africa, Middle East, Argentina/Malvinas islands, actually everywhere they caused problems

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    Mute John Smith
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    Jul 4th 2019, 8:59 AM

    @Liam O hAodha: Well funny enough if you don’t put up borders then you don’t get countries . You are a nationalists . You do believe in dividing up big countries into small countries do you not .

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    Mute Sean Oige
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    Jul 3rd 2019, 10:32 PM

    Suits China to wipe out hk financial sector and allow Shanghai to become the financial sector in the region. Will be interesting to see large corporates response if that happens…

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    Mute Thomas Devlin
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    Jul 3rd 2019, 10:51 PM

    Send in the gunboats,how dare those foreign chappies threaten our great British empire

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    Mute Murf
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    Jul 4th 2019, 1:41 AM

    @Thomas Devlin: you f€&@“g idiot

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    Mute Cal Mooney
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    Jul 3rd 2019, 11:11 PM

    You really have to wonder what the english are up to? Do they really think they can influence China. They definitely are not going to be influencing the EU from here on out. They long for their former colonial days and the sickening experience that every occupied nation suffered. Maybe China should invade england and bring true freedom to its people by getting rid of the current regime installed there. And release Julian Assange while they are at it. If only.

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    Mute John Smith
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    Jul 4th 2019, 10:32 AM

    @Cal Mooney: How dare Britain stand for the rights of the people of Hong Kong .

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    Mute Ben Jamen
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    Jul 3rd 2019, 11:44 PM

    Great bunch of lads though…

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    Mute Angry_Man41
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    Jul 3rd 2019, 11:02 PM

    China, conform!

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    Mute kushal kumar
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    Jul 4th 2019, 5:41 AM

    News reports in the month of June 2019 say that Hong Kong is these days upset with the government. The city’s pro- Beijing leaders are reportedly pushing a bill through legislation that would allow extradition to any with which it already does not already have a treaty – including mainland China for the first time. Huge protesting crowds gathered Hong Kong on 9 June as anger rose over the proposed bill. The protesters also assembled in large number on 1 July 2019 , the anniversary day of Hongkong becoming part of China , turned violent and marched to the Parliament. In this context , it is apt to refer readers to this Vedic astrology writer’s predictive alerts for more care and appropriate strategy in article – “ world trends in April to August 2019” – brought to public domain widely in the month of March and subsequently on 5 April in present year 2019. The alert had said that during a period of four and a half months from mid- April to August , particularly June in 2019 , China may take more care and appropriate strategy in relation to sort of protests among some Unions or associations or federation within the country. The related text in the article reads like this :-
    “ 4. Unions , federations , groups or associations within the country may show signs of divergence in more than one sphere of life. In other words , the spirit of unity in them may be short of being ideal”. It seems the alert has been precisely meaningful.
    Note : – This writer’s other significant time-tested predictive work in relation to the U.S. so far can be found at wisdom-magazine.com/Article.aspx/4897/ and wisdom-magazine.com/Article.aspx/5060/. Separately and in addition , this writer has alerted already on 22 June , 2019 that more care and appropriate strategy may be called for during a period of fortnight from 25 September to 9 October , particularly on 28 -29 September , in the present year 2019 against likely War or WW3 -like scenario , massive earthquakes , storms-tornadoes-cyclones , floods, landslide , road-rail-air safety concerns , economic and financial major worrisome concerns , health woes related to stomach-head-brain , human malice at its height in operation and the like. Vulnerability of a country or region appears to be main determining factor. Having said that , it may be made clear that human more care and appropriate strategy has weight over planetary trend generating impacts.

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    Mute Donal O'Carroll
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    Jul 4th 2019, 6:07 AM

    @kushal kumar: and your point is …?

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    Mute FlopFlipU
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    Jul 4th 2019, 8:11 AM

    @kushal kumar: ✋

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    Mute Sean Buckley
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    Jul 4th 2019, 9:16 AM

    @kushal kumar: Will Galway bate Mayo!

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