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Killian Woods Profile
Killian Woods

@killianwoods

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Senior business reporter with @businessposthq | kwoods @businesspost .ie

Joined March 2009
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@killianwoods
Killian Woods
5 years
American Horror Story: Galway Communion Shop
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@killianwoods
Killian Woods
3 years
This roof top swimming pool was designed by Irish developer Ballymore. They also designed the ‘poor door’ on the ground level which makes affordable housing tenants enter a separate door to the building. And these tenants also have no pool access
@BBCNews
BBC News (UK)
3 years
Swimmers enjoy warm weather in London at the Sky Pool which is believed to be the world’s first transparent pool built between two skyscrapers
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@killianwoods
Killian Woods
3 years
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@killianwoods
Killian Woods
3 years
Today's #liveline was the show at its finest. The housing crisis is so complex, and so everyone has a unique story. A common theme that came up, and it's about time someone said it, people are sick of being lectured by academics/think tanks/lobbyists that renting is the future
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@killianwoods
Killian Woods
3 years
Two former top Fine Gael government advisers, acting on behalf of large funds, were behind the successful lobbying campaign that ultimately secured the exemption from the new rate of stamp duty for funds that lease to the state
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@killianwoods
Killian Woods
3 years
A truly remarkable performance by Conor Skehan on Prime Time last night. The Irish housing crisis starts to make a lot of sense when you understand that Conor was the chairperson of the Housing Agency between 2013 and 2018
@caulmick
Mick Caul
3 years
Move Somewhere Cheaper! Conor Skehan former chair of the Housing Agency. He has repeatedly claimed that homelessness is "normal" was "trying for years" to get the government to "recognise and normalise the situation" in Ireland #not1home #rtept
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@killianwoods
Killian Woods
2 years
Bartra Capital has started to advertise its first shared living units in Ireland at €1,880 a month, which is nearly €800 more than it told planning authorities the units would cost to rent
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@killianwoods
Killian Woods
3 years
Someone DMed me recently to say all I post are miserable stories about Ireland’s dysfunctional housing crisis on a Sunday. They’re not wrong. So I got a puppy to balance out the misery
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@killianwoods
Killian Woods
3 years
While we're talking about Celtic Tiger prices... Peak Celtic Tiger rent was €1,030. Rent is now €1,443. In Dublin, the peak pre-recession rent was €1,442. It now costs €1,980 in the capital
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@killianwoods
Killian Woods
2 years
Worth resharing this from April: DAA has let go 248 staff at its Dublin Airport security screening operation through a voluntary redundancy scheme in the last 18 months
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@killianwoods
Killian Woods
3 years
The government claimed the sale of Mullen Park to a fund was an isolated incident. In tomorrow’s @businessposthq we reveal state links to three so-called cuckoo funds buying up commuter belt homes
@businessposthq
Business Post
3 years
Tomorrow’s front page. Pick up a copy in stores or subscribe at
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@killianwoods
Killian Woods
2 years
I just don't get the campaign to transform Dublin into looking like a generic central business district
@rea_esten
Ray Esten
2 years
Every great architect is,necessarily,a great poet. He must be a great original interpreter of his time, his day, his age. Frank Lloyd Wright How it started How its ?
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@killianwoods
Killian Woods
2 years
The Land Development Agency (LDA), which was set up by the government four years ago to accelerate the construction of housing, has built no homes on state lands, new figures show
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@killianwoods
Killian Woods
3 years
Large landlords controlling thousands of homes have the financial clout to leave them empty rather than reduce rents, and believe it is “prudent” to do so “to see how the market responds”, a new report by the Residential Tenancies Board has said
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@killianwoods
Killian Woods
5 years
I think it’s time #LoveIsland address the €50k cash prize situation. Like, Roscommon GAA are raffling away a €800k apartment in London. Step it up ITV
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@killianwoods
Killian Woods
1 year
Patrizia, the German investment fund and one of Ireland’s biggest landlords, says: “What is the best way for a citizen of Dublin to lower their cost of living? Move to virtually any other city in the European Union.”
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@killianwoods
Killian Woods
2 years
Investment funds have been significantly outbidding regular buyers for homes in Castleview in Swords recently. In April, a fund paid €1.7m and €850k for two basic starter homes. Thirteen other homes sold for €20k-€88k over the market rate. Here’s why
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@killianwoods
Killian Woods
3 years
Bear with me for a second, it's going to get a bit meta with some analysis of analysis of the housing debate. Out of nowhere, there is a real notable push right now from many commentators to push the narrative that funds are being "demonised"
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@killianwoods
Killian Woods
3 years
A total of 26 apartments in a development in Finglas in Dublin 11, which are controlled by Nama, have been vacant since they were completed nearly a decade ago
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@killianwoods
Killian Woods
3 years
Billionaire Dermot Desmond has weighed in on the housing crisis topic again. This time writing directly to the Taoiseach and Housing Minister to tell them Ireland is “prey to greedy developers and international investors” because of its housing policy
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@killianwoods
Killian Woods
3 years
I hear the government and state are out spinning that these Maynooth homes were "forward financed" by funds. We already debunked this claim. The timelines don't add up. Urbeo was set up in Dec 2018. These homes were already under construction before the fund was even founded
@killianwoods
Killian Woods
3 years
The Irish state invested in a so-called cuckoo fund that has bulk-bought hundreds of homes in two Maynooth housing estates. €225m of state funding that aimed to stimulate housing supply ultimately used by funds to buy up homes before they hit the market
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@killianwoods
Killian Woods
7 years
"In the event of an emergency, just follow Frances Fitzgerald to safety."
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@killianwoods
Killian Woods
2 years
The state is paying up to €138,000 more to build a home than other European countries building similar affordable housing, a confidential Land Development Agency (LDA) report has shown
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@killianwoods
Killian Woods
3 years
The Irish state invested in a so-called cuckoo fund that has bulk-bought hundreds of homes in two Maynooth housing estates. €225m of state funding that aimed to stimulate housing supply ultimately used by funds to buy up homes before they hit the market
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@killianwoods
Killian Woods
3 years
I bet a lot of people are trying to get their head around this story brought to light by @crazyhouseprice . How can a €685k house be going for €1.25m (€530k above asking)? It's a head melt, but here's why it's happening
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@killianwoods
Killian Woods
2 years
Not a single homeowner using Airbnb or other short-term letting platforms complied with the obligation to provide Dublin City Council with details on how many nights they rented out their properties last year
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@killianwoods
Killian Woods
6 years
Poor Limerick. Its motto is so needy.
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@killianwoods
Killian Woods
5 years
I stand with the owls in their anti-surveillance, pro-privacy stance
@MacyThornhill
Macy Thornhill
5 years
RT Reuters: Owls discover and immediately get rid of a hidden camera which tracks their movements
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@killianwoods
Killian Woods
3 years
Institutional funds bulk buying homes to lease to the state will avoid the new 10% rate of stamp duty that was introduced to stop such investors buying up houses ahead of first-time buyers
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@killianwoods
Killian Woods
3 years
Large institutional investors have started to lease former social housing properties, originally built by the state, back to the state for use as social housing under lengthy lease arrangements
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@killianwoods
Killian Woods
2 years
Some background: These derelict properties (between the archway and The Swan Bar) are 23, 24 and 25 Aungier Street. The most recent records show 23 and 24 are owned by Marlin Apartments Limited since Feb 2018 and August 2019 respectively. No record exists for 25 Aungier St
@crazyhouseprice
Ciarán - Crazy House Prices
2 years
Aungier St. Right in the middle of the city. Who owns these? Tax the shite out of them. Dereliction should be criminal.
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@killianwoods
Killian Woods
2 years
British weapons dealer sells Irish houses to Davy investment fund for 15% profit. BAE Systems made a €2.4 million profit from flipping the 43 second-hand homes – most of which were bought on the open market – less than a year after buying them
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@killianwoods
Killian Woods
3 years
The irate murmurs from the FF and FG parliamentary party meetings about funds/REITs bulk buying new homes are pathetic (and too late). Gov TDs have known for years about this very common practice and barely said a word
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@killianwoods
Killian Woods
4 years
Data centres owned by large multinationals, including Facebook and Amazon, are using the same amount of water as some of Ireland’s largest towns at a time of reduced supply
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@killianwoods
Killian Woods
2 years
A dramatic decline in taxes paid by large investment property funds has prompted a review by the Revenue Commissioners. Effective tax rate paid by institutional investors fell from 17.9% in 2020 to 5.9% in 2021 despite profits nearly doubling
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@killianwoods
Killian Woods
2 years
A Dominican Republic-based millionaire, who was sentenced to prison for tax evasion, has been given the go-ahead to build hundreds of homes and student flats in Ireland via @businessposthq
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@killianwoods
Killian Woods
2 years
Twelves months after a levy was set up to “level the playing field for first-time buyers"... Property investors and institutional funds have bulk bought more than 350 houses at a cost of over €100m since the government attempted to limit the practice
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@killianwoods
Killian Woods
1 year
The owner of a residential block in south Dublin called Woodbine House left the complex of 43 houses and apartments empty for two years in order to remove rent caps on the homes and sell them for a higher price to an investor
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@killianwoods
Killian Woods
9 months
Deutsche Bank’s investment arm snaps up Dublin homes originally aimed at individual buyers €800 billion German asset manager majority controlled by Deutsche Bank has bought the Belcamp Manor homes
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@killianwoods
Killian Woods
2 years
Meta’s (aka Facebook’s) data centre in County Meath used the same amount of electricity, and emitted carbon at the same rate, as roughly 151,000 Irish homes in 2021
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@killianwoods
Killian Woods
3 years
Quite worrying to hear Paschal Donohoe admit on @TodaywithClaire just now that he is also deleting official government records he is obliged to retain under Irish law
@kenfoxe
Ken Foxe
3 years
Apropos of nothing in particular, if a person in the employ of the state is using text messages, private emails, or messaging services to conduct official business - then they have an obligation to retain those records:
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@killianwoods
Killian Woods
2 years
I've been reporting for a few weeks on how a €450m subsidy for apt developers was created/devised. I've hit a bit of a brick wall. 'No records kept of what was said at a Dec 21 Croí Cónaithe meeting with construction industry and banking lobbyists'
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@killianwoods
Killian Woods
3 years
A drastic measure by a government that faces a remarkably similar problem to Ireland
@JustinTrudeau
Justin Trudeau
3 years
Houses shouldn’t sit empty when so many Canadians are trying to buy a home. So, we’re going to ban foreign ownership in Canada for the next two years, and tax the existing vacant, foreign-owned properties.
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@killianwoods
Killian Woods
3 years
I see some people saying “who cares what Dermot Desmond has to say?” Well, his name is trending on Twitter and other media are now reporting on details of his letters first published in @businessposthq , so the answer is obvious. Quite a lot of people do
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@killianwoods
Killian Woods
3 years
Have you been outbid by an institutional fund/investor when trying to buy a home in Ireland? I'd like to hear your story. My DMs are open and my email is kwoods @businesspost .ie RTs appreciated
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@killianwoods
Killian Woods
2 years
20.12.2022 Mr & Mrs Rachel
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@killianwoods
Killian Woods
3 years
Last week, @businessposthq revealed the government was rushing through stamp duty exemption for funds that lease homes to the state. Today, we reveal the 2,400 homes due to be leased this year alone will cost close to €1 billion over 25 years
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@killianwoods
Killian Woods
2 years
Macquarie, the Australian bank, has established a €100m fund to buy homes in Ireland. Broadstone Housing, an Irish entity controlled by the bank, has already started to use the funds to acquire second-hand homes in Carlow
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@killianwoods
Killian Woods
3 years
Orla Hegarty is one of the most valuable contributors to Irish society right now. I believe the country is a better place because of her. The abuse directed at her online is disgusting. And a large amount of it comes regularly from a group of accounts that bully/target her
@Orla_Hegarty
Orla Hegarty
3 years
I’m upping this so the people who do it might reflect privately on their #EverydaySexism , micro-aggressions & disrespect towards me & other women. It doesn’t start on a path
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@killianwoods
Killian Woods
2 years
Greystar, a multibillion-dollar US residential fund, is prompting prospective tenants in Ireland to provide their PPS numbers, salary data and proof of earnings ahead of viewing a property
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@killianwoods
Killian Woods
3 years
The Irish state has helped finance the construction of more than 900 homes over the last year which had already been purchased in advance by cuckoo funds. Further details of state involvement in funds’ projects emerged in PQ asked by @EOBroin
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@killianwoods
Killian Woods
3 years
I’ll never really know what’s it’s like to be a government minister, but this is probably as close as I’ll get
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@killianwoods
Killian Woods
3 years
Here are some before and after images of what is proposed for the Olympia Theatre
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@Emmett_Scanlon
Emmett Scanlon
3 years
It’s all for sale. Land, space, culture, history, materials, memories, all available to late capitalism. The rebranding of Dublin by commercial capital continues apace. It’s exhausting.
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@killianwoods
Killian Woods
2 years
Fingal County Council signed a deal to lease 24 homes from the pension fund of a British weapons dealer last year, despite state guidelines banning deals with arms makers. The council paid BAE Systems roughly €260k in rent between Oct 2021 and Apr 2022
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@killianwoods
Killian Woods
3 years
As Ireland records a significant shortage of rental stock, an analysis in today’s @businessposthq shows that listings on short-term letting platforms in small Irish cities and large towns vastly outnumber the number of properties for long-term leases currently listed on Daft
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@killianwoods
Killian Woods
2 years
The amount of land sold to speculators who had no intention of developing it by Nama, the state’s bad bank, in the wake of the financial crash has directly contributed to the current housing crisis, a new report by @TASCblog has concluded
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@killianwoods
Killian Woods
3 years
The government has lost the opportunity to secure 10,000 affordable homes from developers, after it granted a last-minute exemption to large swathes of land from a key provision of its new Housing For All plan over fears of legal challenges
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@killianwoods
Killian Woods
2 years
Part of this report that didn't get much attention is the fact the Clonee facility now uses the same amount of water as a 20,000-person town, such as Mullingar, every year to cool its servers. Interesting, considering what Facebook said in 2016 when launching the data centre 🧵
@killianwoods
Killian Woods
2 years
Meta’s (aka Facebook’s) data centre in County Meath used the same amount of electricity, and emitted carbon at the same rate, as roughly 151,000 Irish homes in 2021
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@killianwoods
Killian Woods
3 years
New deals due to be signed to lease 3,500 homes for social housing will cost the state more than €1.4 billion, or €412,000 per property, over the next 25 years despite a commitment from the government to phase out the practice
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@killianwoods
Killian Woods
2 years
These Aungier Street properties are a fine example of how quickly dereliction can set in. In 2009, there were four tenants on the ground floor. Within a decade, the row is a mess
@killianwoods
Killian Woods
2 years
Some background: These derelict properties (between the archway and The Swan Bar) are 23, 24 and 25 Aungier Street. The most recent records show 23 and 24 are owned by Marlin Apartments Limited since Feb 2018 and August 2019 respectively. No record exists for 25 Aungier St
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@killianwoods
Killian Woods
3 years
The Data Protection Commission has ruled that estate agents cannot ask prospective buyers to hand over detailed financial data before letting them view homes. The practice was first revealed by @crazyhouseprice and flagged with DPC by @RebeccaMoy
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@killianwoods
Killian Woods
2 years
One of the most senior civil servants in Dept Housing has said he is “shocked” with his own team’s lack of engagement with councils over uncollected fines from derelict site owners. €5.4 million in fines issued in 2020, €378,763 was collected.
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@killianwoods
Killian Woods
2 years
Dept of Housing has quietly published the latest data on how many homes were commenced in October – it's worrying. The number of homes being started is in dramatic decline – down 14% year-on-year. The gov used to regularly press release this info, but stopped doing so in Jun 22
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@killianwoods
Killian Woods
5 years
Government criticised in report published by European Commission for potentially inflating its success in fighting homelessness There has been “obfuscation, if not corruption” of homelessness figures in Ireland, it stated
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@killianwoods
Killian Woods
3 years
New-build homes in the Kildare housing estate Mullen Park, which were due to be sold to an investment fund, are back on the market at €499,000 – nearly 25 per cent more than the original asking price in April 2021
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@killianwoods
Killian Woods
2 years
A ban preventing the sale of 524 homes being developed on public lands at O’Devaney Gardens to institutional funds has been lifted by An Bord Pleanála
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@killianwoods
Killian Woods
3 years
Quite a strange decision here. Very hard to see it having effect. The zoned land tax of 3% is actually lower than the current vacant site tax, which is 7%. For developers speculating on value of zoned sites, the annual uplift in value alone would pay off that levy
@ciananbrennan
Cianan Brennan
3 years
. @Paschald announces a zoned land tax. With a two year lead in, which provokes vigorous head shaking from @EOBroin and jeers from most of the rest of the opposition
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@killianwoods
Killian Woods
1 year
A noteworthy take from one of the country's biggest developers on the boom in office/hotel development in Dublin. Cairn boss on Dublin hotel and office development: ‘We just built a city that nobody lives in’
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@killianwoods
Killian Woods
3 years
A narrative is being spun on @RadioBrendanRTE by Conor Skehan that all first time buyers and generation renters are Google workers on €100k a year. That is simply incorrect and shows a huge amount of naivety about the problem
@davidhall75
David Hall
3 years
Conor again forgetting the 65000 people on the housing list @RadioBrendanRTE it is a big number coupled with the 40,000 already in social housing
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@killianwoods
Killian Woods
2 years
The state’s biggest developers, investment funds and other businesses that own large amounts of unused land are lobbying to avoid land-hoarding taxes that would be collectively worth hundreds of millions of euro to the state
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@killianwoods
Killian Woods
4 years
Is Dublin’s luxury apartment market saturated? Four-fifths of the 246 apartments in phase three of Clancy Quay are empty. Nearly half of the 190 apartments in Capital Dock are also vacant
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@killianwoods
Killian Woods
5 years
The luxury gap: hundreds of high-end apartments lying empty across Dublin “It's just like the ghost estates again. Building the wrong thing, in the wrong place, at the wrong price” – says @Orla_Hegarty
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@killianwoods
Killian Woods
3 years
Possibly a pivotal moment in the housing crisis here. It’s landing with government that it’s not necessarily an issue that can be solved with supply because a huge amount of new supply is expensive rentals, which compounds affordability, not address it
@oconnellhugh
Hugh O'Connell
3 years
🚨EXCLUSIVE: The Government privately admits that the new auto-enrolment pension scheme is needed to help those who will never own a home and will still be paying rent when they retire Grim news for those struggling to get on the housing ladder
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Killian Woods
3 years
A lot of talk this evening about a particular contributor to Prime Time, but how about @DaraTurnbull ? He is fantastic. Such a breath of fresh air who brings fact-based research/insights to the table. We’re lucky to have him looking into housing in Ireland
@RTE_PrimeTime
RTÉ Prime Time
3 years
"It's leading to huge difficulties for people in terms of their quality of life, in terms of their mental health, in terms of their own sense of self-worth." Dara Turnbull from Housing Europe discusses the wider societal consequences of the housing crisis in Ireland. #rtept
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@killianwoods
Killian Woods
3 years
Another classic example of the financialisation of housing in Ireland – and co-living through the backdoor. - In 2020, the home was bought for €470,000 - Now renovated, it is back on market for €800,000 - Potential rent roll = €90,000 pa - Potential yield = 11.25%
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@killianwoods
Killian Woods
3 years
“What I do understand is finance, and what is happening at the moment from an Ireland Inc perspective is insane” – Dermot Desmond on buying and leasing social housing from developers and funds
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@killianwoods
Killian Woods
3 years
A French-based, Qatari state-owned football club with an official store on Fifth Avenue New York flying an American flag. A breathtaking example of sports washing
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@killianwoods
Killian Woods
2 years
Very serious escalation of this story right now. Housing Minister Darragh O'Brien has said he is aware of the published story and has "appointed Remy Farrell S.C. to provide a report to inform my consideration of the matter"
@wereontheditch
The Ditch
2 years
A further potential conflict of interest with An Bord Pléanala deputy chair Paul Hyde and a decision to refuse a housing scheme bordering his father’s development land. Hyde previously had permission to build a housing development on the same site.
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@killianwoods
Killian Woods
3 years
As government pushes for vacant home tax, it’s interesting to check in on how its vacant site scheme is faring. Last year, councils were owed more than €21.5m in vacant site levies, but only €21,000 was collected (story by @taaffems and myself)
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@killianwoods
Killian Woods
2 years
A little wild event that happened in Irish property last year… “Property investors who bought up bedsits in recent years made a 200% return last year when they flipped their portfolios to a Liechtenstein-based investment fund for more than €50 million”
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@killianwoods
Killian Woods
3 years
Quite striking responses from Keegan to dismiss that he didn’t know purpose-built student accommodation was being converted to short-term lets and co-living. Looks like he should read @businessposthq because we have been covering the matter for three years
@RuairiPower_
Ruairí Power
3 years
DCC CEO Owen Keegan’s innovative solution to the housing crisis is…. Students’ Unions becoming property developers. This is in response to @ucdsu opposition to purpose-built student accommodation being converted into short-term tourist accommodation.🙃🙃🙃
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@killianwoods
Killian Woods
4 months
Investment funds controlling more than €28 billion worth of Irish property have almost halved their tax payments since the government introduced measures aimed at tackling their “aggressive behaviour to avoid tax”
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@killianwoods
Killian Woods
3 years
From today’s @businessposthq Gov officials omitted documented evidence of high residential vacancy rates in parts of Ireland and cherry-picked areas with low numbers of empty homes to reference in briefing notes prepared for Paschal Donohoe
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@killianwoods
Killian Woods
4 years
This communication strategy is out of control. Who has made the call that it’s okay to trickle info out like this? The gov seem to have zero comprehension of how triggering this is for the wider public
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@killianwoods
Killian Woods
3 years
During the recession, the billionaire Comer brothers went on a €400m spending spree buying up property. In today's @businessposthq , I look at the derelict and vacant sites, which have soared in value, that the Comer Group has been sitting on for years
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@killianwoods
Killian Woods
3 years
The Central Bank, ESRI and IPAV warned against a shared equity housing scheme. Now... Dept of Housing officials warned it would lead to “inflated house prices” and would ultimately amount to an “incentive” for developers and “not the purchasers”
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@killianwoods
Killian Woods
3 years
This is a crucial piece of analysis by @Ste_McDermott . A very simplistic narrative is being put out there that SF oppose the construction of 6,000 homes. But that is misleading
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@killianwoods
Killian Woods
3 years
Some real impact from journalism published by @businessposthq in April. The government is launching an investigation into reports of “rent fixing” by an investment funds. This is a direct result of work by myself and @RosannaCooney
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@killianwoods
Killian Woods
2 years
A property agency that charges students €720 a month to share a room with three other people has been refused permission to expand one of its Dublin developments
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@killianwoods
Killian Woods
3 years
Rent subsidies paid by the state drove the vast majority of revenue growth at Ires Reit, Ireland’s largest landlord, in 2021. A tenth of Ires REIT’s revenues are now coming from the Housing Assistance Payment (HAP)
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@killianwoods
Killian Woods
3 years
@BigDirtyFry Hi micheal, my dog is a rescue. He’s a dote but wary of people who are not me. We taking the Ferry to Paris (France) next week. He is not vaccinated. I have the second dose of Pfizer, but missed my first. Will cold sandwiches be served on the boat or should I bring an umbrella?
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@killianwoods
Killian Woods
3 years
*Ireland* wins right to not tax Apple
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@NewstalkFM
NewstalkFM
3 years
Is Ireland in danger of becoming hostile to business? Ciara and Shane think so @NTBreakfast
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@killianwoods
Killian Woods
3 years
An ESRI report that said the state could prudently borrow billions for social housing was described as “not helpful” and branded as “detached from reality” by senior civil servants in the Department of Finance
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@killianwoods
Killian Woods
11 months
In recent years @wereontheditch has revealed some very important stories. It would be a real shame if this was the end of the publication. I do hope its editorial team finds a way to keep going
@WebSummit
Web Summit
11 months
Web Summit’s mission is connecting people and ideas that change the world. As Web Summit moves to focus on our core mission, the board has determined we will conclude our funding relationship with the Ditch.
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@killianwoods
Killian Woods
1 year
Irish economists rank amongst most ‘ideologically biased’ in the world, research shows. The authors of the academic paper said the results of the research “stand in sharp contrast with the image economists have or project of themselves”
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@killianwoods
Killian Woods
3 years
A crucial line in today’s Sunday Times piece. “[Rules] will not apply retrospectively to a housing estate that already has received planning permission.” That means this won’t apply to new homes built over at least the next four/five years
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@killianwoods
Killian Woods
3 years
A day on from this story being published, it’s fascinating to see how those in the property sector have reacted. Nearly across the board, they’ve either tweeted, DMed or texted to say a 25% increase over six years is “normal” or “sustainable” Welcome to the new normal I guess
@killianwoods
Killian Woods
3 years
Residential property prices in central Dublin will soar by a quarter to a median €476,000 by 2028, a comprehensive analysis of the housing market for Dublin City Council has found
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