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Full-Text Articles in Real Estate

The Impact Of Regulation On The Property Services Sector In Ireland, Roisin Murphy Mar 2019

The Impact Of Regulation On The Property Services Sector In Ireland, Roisin Murphy

Reports

This report was commissioned by the Property Services Regulatory Authority (PSRA) as an independent investigation of the impact of regulation on Property Service Providers (PSPs) in Ireland.

The number of licensees has increased on an annual basis since the establishment of the Authority; however until now the impact of regulation on PSPs in Ireland is unexplored thus prompting this research.

Data was collected from licensees nationwide in two phases; an online survey administered in August 2018 yielding a 25% response rate (1,207 usable responses received) and a number of semi-structured interviews with PSPs representing each category of licence holder ...


Service Charge Collection In Multi-Unit Developments, Adele Mckeown, Lorcan Sirr Jan 2018

Service Charge Collection In Multi-Unit Developments, Adele Mckeown, Lorcan Sirr

Articles

Multi-unit developments (MUDs) – typically developments of apartments, or apartments and houses, but also sometimes including a commercial component – differ from traditional housing as they have three distinct characteristics: individual ownership of a unit, shared ownership of common property, and collective membership of a corporate body that assumes responsibility for the management of the development (Christudason, 2004). In the Irish case, this corporate body is known as the owners’ management company (OMC). The legal framework for ownership in MUDs is based on leasehold, which means that the purchaser owns the property but not the land on which it is built. Leaseholds ...


Introduction, Lorcan Sirr Jan 2018

Introduction, Lorcan Sirr

Articles

Over many decades, it has been rare for a week to pass without housing-related issues being close to, or at, the top of news and political agendas. As everybody has to live somewhere, housing – and its related elements of property, building, planning and finance – is a topic in which everybody has both a stake and an opinion. It is the most personal of subjects – in many respects, our housing shapes our lives.


Improving Engagement Of Construction Industry Firms In Apprenticeship Training In A Post-Recession Economy, Eoghan Ó Murchadha, Roisin Murphy Oct 2017

Improving Engagement Of Construction Industry Firms In Apprenticeship Training In A Post-Recession Economy, Eoghan Ó Murchadha, Roisin Murphy

Conference papers

The Irish economy is currently experiencing a recovery phase following a ‘lost decade’ of growth due to the severe economic downturn of 2007. While the construction industry in Ireland is recording increased output, and improving rates of employment, in the vital economic and labour market sector of apprenticeship there is a significant lack of engagement. Without employer buy-in to apprenticeship training, there exists potential future skills gaps and lack of efficacy of the construction industry. This increasingly likely possibility is disquieting, not just for the possible impact upon the future of apprenticeship but also for the Irish economy as a ...


The Evolution Of Ethics In The Irish Real Estate Profession, Lorna Colley, Lloyd Scott Jan 2017

The Evolution Of Ethics In The Irish Real Estate Profession, Lorna Colley, Lloyd Scott

Conference papers

Since the Economic Collapse of 2008 much discussion and analysis of the role of ethics in the financial sector in Ireland has occurred. However little if any of this focus has been on the real estate profession. The purpose of this paper is to examine how the Irish Real Estate Profession deals with the issue of ethics. How has this relationship evolved over time? Has the Irish political context influenced the approach to ethics on a societal level and has this fed into the profession’s approach? The role of ethics education is also examined in current Irish real estate ...


Surveying Labour Market Trends: A Demand And Supply Analysis Of The Quantity Surveying Profession In Ireland, Roisin Murphy Sep 2016

Surveying Labour Market Trends: A Demand And Supply Analysis Of The Quantity Surveying Profession In Ireland, Roisin Murphy

Conference papers

The construction and property sectors in Ireland have undergone significant change over the past decade. From a period of sustained growth in output and employment to a recession returning to the current period of expansion. While the cyclical nature of the sector and consequential impact on the labour market is widely recognized, the impact on the quantity surveying profession specifically is comparatively less well evidenced. A widespread survey of employers was undertaken to ascertain recent employment trends and likely future demand for quantity surveyors. At the same time an analysis of current enrolments on surveying programmes across the country provided ...


Rent Certainty Is Not Rent Control, Tom Dunne Oct 2015

Rent Certainty Is Not Rent Control, Tom Dunne

Reports

The housing crisis and the debate about rent control should result in a beneficial change to the regulation of the sector but the opportunity could be lost for want of clarity of thinking about the nature of rent certainty and the distinction between it and rent control. At present rent is regulated by the Residential Tenancies Act 2004 (RTA 2004) which provides that rent can only change once a year and cannot be more than the market rent. Many argue a greater degree of rent certainty is required and that rent should not be allowed to increase by more than ...


Renting Trouble: Current Government Policy Of Relying On The Private Rented Sector To Deliver Social Housing Is Unlikely To Succeed, Tom Dunne Jun 2015

Renting Trouble: Current Government Policy Of Relying On The Private Rented Sector To Deliver Social Housing Is Unlikely To Succeed, Tom Dunne

Reports

A review of the history of housing in Ireland shows that owner occupancy and social housing were policy choices by successive governments. Owner occupancy was heavily supported through a system of grants and tax breaks and social housing was directly provided through local authorities at subsidised rents. In recent years policy has changed and tenure neutrality is now guiding the government’s attitude to housing. This is a significant change which has not been sufficiently discussed and has consequences which are not appreciated. Relying on the market to provide rental housing for people on low incomes and who may be ...


Renting In Ireland, Lorcan Sirr Jan 2014

Renting In Ireland, Lorcan Sirr

Books/Book Chapters

As part of the overall housing sector, renting has seen a considerable increase in the first 14 years of the twenty-first century. Numbers renting are now similar to those of the 1950s, when Ireland was a very different place economically and socially. Today renting is driven by forces ranging from necessity to choice to ongoing urbanisation: it is becoming the tenure of preference for many, while remaining the tenure for others with no choice. Governing legislation, providers of rental accommodation and the various rental sectors’ economic value and importance are all in flux. The traditional divide between state-supplied social housing ...


Words Worth Price And Value, Tom Dunne Jan 2014

Words Worth Price And Value, Tom Dunne

Articles

TOM DUNNE explains the terms used in relation to the valuation of property, and the need for common understanding among all parties using those terms. -


Link Levy To Services- Not Urban Middle Class Assets, Tom Dunne Feb 2013

Link Levy To Services- Not Urban Middle Class Assets, Tom Dunne

Articles

Paying any tax is an unwelcome burden, but in Ireland many have a particular aversion to taxes on their homes. We are not alone in this. Elsewhere, taxes on homes are also unpopular; witness the People's Initiative to Limit Property Taxation which forced the California state government to cut property taxes. Nevertheless, residential property taxes remain an almost universal feature of developed countries because of compelling economic arguments for them. Also, local property taxes are regarded as the best means of funding local government.

Rarely, it seems to me, is there such a distance between what the public wants ...


Strategic Planning In Construction Professional Service Firms: A Study Of Irish Qs Practices, Roisin Murphy Feb 2013

Strategic Planning In Construction Professional Service Firms: A Study Of Irish Qs Practices, Roisin Murphy

Articles

The role and usefulness of strategic planning has been documented over several decades of strategic management research. Despite the significant body of existing knowledge in the field of strategic planning, there remains limited empirical investigation of the construction sector, specifically professional service firms operating within it. The construction sector is hugely important to the Irish economy, yet until now, no empirical investigation has been undertaken to determine the strategic planning process in construction professional service firms in Ireland. A two-phase mixed methods study was undertaken to ascertain the extent of strategic planning within quantity surveying (QS) practices in Ireland. Characteristics ...


The Riai Standard Form Of Contract 2012 Edition: A Review, Tony Cunningham Jan 2013

The Riai Standard Form Of Contract 2012 Edition: A Review, Tony Cunningham

Other Resources

The RIAI ‘yellow’ and ‘blue’ Forms of Contracts have been recently amended and published as the 2012 edition. The yellow form where quantities form part of the contract is identical to the 2011 edition and has been republished as the 2012 edition. The 2011 version superseded the 2002 version. This paper reviews and synopsises the provisions of the 2012 RIAI ‘yellow’ form of contract and identifies the principle changes to the 2002 edition.


Sensitivity Studies Of A Low Temperature Low Approach Direct Cooling Tower For Building Radiant Cooling Systems, Mehdi Nasrabadi, Donal Finn, Ben Costelloe Jul 2012

Sensitivity Studies Of A Low Temperature Low Approach Direct Cooling Tower For Building Radiant Cooling Systems, Mehdi Nasrabadi, Donal Finn, Ben Costelloe

Conference Papers

Recent interest in cooling towers as a mechanism for producing chilled water, together with the evolution of radiant cooling, have prompted a review of evaporative cooling in temperate maritime climates. The thermal efficiency of such systems is a key parameter, as a measure of the degree to which the system has succeeded in exploiting the cooling potential of the ambient air. The feasibility of this concept depends largely however, on achieving low approach water temperatures within an appropriate cooling tower, at acceptable levels of energy performance. Previous experimental work for a full scale evaporative cooling system has shown that it ...


Mathematical Modelling Of A Low Approach Evaporative Cooling Process For Space Cooling In Buildings, Medhi Nasrabadi, Donal Finn, Ben Costelloe Jan 2012

Mathematical Modelling Of A Low Approach Evaporative Cooling Process For Space Cooling In Buildings, Medhi Nasrabadi, Donal Finn, Ben Costelloe

Conference Papers

This paper describes a mathematical model of a low approach open evaporative cooling tower for the production of high temperature indirect cooling water (14-16°C) for use in building radiant cooling and displacement ventilation systems. There are several potential approaches to model evaporative cooling, including: the Poppe method, the Merkel method and the effectiveness-NTU (ε-NTU) method. A common assumption, applied to the Merkel and ε-NTU methods, is that the effect of change in tower water mass flow rate due to evaporation is ignored, which results in a simpler model with reduced computational requirements, but with somewhat decreasedaccuracy. In this paper ...


Tax Facts, Tom Dunne Jan 2012

Tax Facts, Tom Dunne

Articles

Tom Dunne Clarifies the issues surrounding different forms of property tax


Avoiding The Mistakes Of The Past, Tom Dunne Jan 2012

Avoiding The Mistakes Of The Past, Tom Dunne

Articles

Tom Dunne explores the long term drivers of dysfunction in Ireland's housing markets and what a more sustainable housing system would look like.


Dublin's Future: New Visions For Ireland's Capital City, Lorcan Sirr Jan 2011

Dublin's Future: New Visions For Ireland's Capital City, Lorcan Sirr

Books/Book Chapters

This is a book about the future of Dublin. Its authors, styles, interests and of course visions are diverse and sometimes divergent. They represent the range of competing voices, dreams, influences and ideas that weave together in a constant battle of power, persuasion, aspiration and occasionally co-operation which en mass determine the future of any cit. Each individual chapter, not only in content, but also in style, is a reflection of the way different people and groups perceive the future and how it may be determined.


Grade Inflation In The School Of Real Estate And Construction Economics, Dermot Kehily Jul 2010

Grade Inflation In The School Of Real Estate And Construction Economics, Dermot Kehily

Articles

No abstract provided.


Solving The Problem Of Toxic Property And Construction Loans- The Case Of Ireland's National Asset Management Agency., Thomas Power Jan 2010

Solving The Problem Of Toxic Property And Construction Loans- The Case Of Ireland's National Asset Management Agency., Thomas Power

Conference papers

Ireland experienced rapid economic growth between 1994 and 2004. This economic performance prompted the Economist magazine to coin the phrase ‘The Celtic Tiger’ to describe the Irish experience. However, during the ‘boom period’ banks did not have enough funds from deposits and had to rely on the inter-bank market for funds. Consequently with the collapse of the sub-prime market and the global banking crisis, the banking systems reliance on inter-bank lending resulted in toxic property and construction loans. In essence the property/construction bubble burst, the banks are broke and there is a need to rescue them. The government’s ...


Site Value Tax, Tom Dunne Jan 2010

Site Value Tax, Tom Dunne

Articles

Tom Dunne discusses some of the issues surrounding property taxation in Ireland


Lessons For Nama From Valuation Practices, Thomas Power Jan 2009

Lessons For Nama From Valuation Practices, Thomas Power

Other Resources

By adopting accounting values and not economic value, auctioneers and valuers contribute to property market inefficiency. The reaction to this global financial and real asset meltdown is for tighter regulation. But the difficulties now being experienced in global asset markets are not new– it’s just that it is much bigger. The common denominator is accounting based valuations.


Lessons For Nama From Valuation Practices, Thomas Power Jan 2009

Lessons For Nama From Valuation Practices, Thomas Power

Articles

By adopting accounting values and not economic value, auctioneers and valuers contribute to property market inefficiency. The reaction to this global financial and real asset meltdown is for tighter regulation. But the difficulties now being experienced in global asset markets are not new– it’s just that it is much bigger. The common denominator is accounting based valuations.


From Corporate Social Responsibility To Corporate Responsible Behaviour: A Futures Approach: Proposing A New Conceptual And Operational Framework To Foster Responsibility Within The Commercial Property Industry, Gillian O'Brien Jan 2009

From Corporate Social Responsibility To Corporate Responsible Behaviour: A Futures Approach: Proposing A New Conceptual And Operational Framework To Foster Responsibility Within The Commercial Property Industry, Gillian O'Brien

Doctoral

This research examines corporate responsible behaviour (CRB) and the role of Futures Studies, as both a philosophy and a critical research methodology in fostering a culture of responsibility within the commercial property industry in the UK. More specific objectives are to critically evaluate CRB and its role in business; to explore the potential role, effects and implications of futures in the development of CRB policy and practice; to propose an integrative conceptual and operational framework for guiding the commercial property industry in formulating systematic, executable CRB policies and practices; and to build a set of propositions that may influence the ...


Nama Versus Nationalization – How To Deal With The Banks’ Toxic Loans?, Thomas Power Jan 2009

Nama Versus Nationalization – How To Deal With The Banks’ Toxic Loans?, Thomas Power

Articles

Banks are indispensible to the efficient functioning of the economy. Right now they are unable to carry out their normal functions (e.g. providing lines of credit to individuals and business) because they are underfunded. They are rationing credit because they do not have enough funds. The funds they need to lend to borrowers come from deposits, equity and bonds. During the ‘boom period’ banks did not have enough funds from deposits and had to rely on the inter-bank market to borrow the funds they needed in order to lend. According to the Central Bank ‘net foreign liabilities’ of commercial ...


Dublin 7., Irish Independent Newspaper Oct 2008

Dublin 7., Irish Independent Newspaper

Media

Proximity to the new DIT campus at Grangegorman is one of the principal attractions of a new development which goes on view for the first time tomorrow between 2-4pm.


Motorists Will Have To Pay For The Cost Of Congestion, Thomas Power Mar 2008

Motorists Will Have To Pay For The Cost Of Congestion, Thomas Power

Articles

The available road space (the scarce resource) is currently allocated by one’s willingness to sit in traffic jams. The costs incurred in sitting in traffic jams benefits no one – it is pure deadweight loss. The solution is to get the motorist to pay the social cost (marginal congestion cost). By pricing the cost of this traffic congestion in euro, this money could be collected and put to good use, perhaps on improving public transport.


Tax Treatment Encourages Residential Investment, Thomas Power Jan 2008

Tax Treatment Encourages Residential Investment, Thomas Power

Articles

The economic survey on Ireland by the OECD (issue 5 2008) proposed phasing out policies that distort the housing market, which in turn could help to dampen future housing cycles and maintain competitiveness in the economy.

Specifically it suggests that tax breaks favouring owner occupation contributes to making housing expensive and that these effects could be reduced either by “limiting mortgage tax relief… or by implementing a property tax”.


Thermal Performance Of Low Approach Evaporative Cooling Systems In Buildings, Ben Costelloe, Donal Finn Apr 2006

Thermal Performance Of Low Approach Evaporative Cooling Systems In Buildings, Ben Costelloe, Donal Finn

Conference Papers

Meteorological enthalpy analysis of temperate and maritime climates above 45˚N suggests that the water-side evaporative cooling technique has considerable unrealised potential with contemporary "high temperature" building cooling systems - such as chilled ceilings. As low approach conditions are the key to exploiting the cooling potential of the ambient air, thermal performance at such conditions needs to be investigated. To address the research issues a test rig, based on an open cooling tower and plate heat exchanger and designed to maximise evaporative cooling potential, has been constructed at DIT. A combination of experimental measurement and analysis is used in the investigations ...


Global Macroeconomic Trends, Thomas Power Jan 2006

Global Macroeconomic Trends, Thomas Power

Articles

The business of real estate is but a subset of the wider investment markets and macroeconomic trends will significantly shape the way real estate investment decisions are made. The McKinsey Institute is a global economic consultancy firm providing cutting-edge research on a wide range of macroeconomic and business trends. This article reviews macroeconomic trends that they believe will transform the global economy. McKinsey research show that “over two-thirds of organic growth of western companies can be attributed to being in the right markets and geographies” and “companies that ride the tide succeed and those that swim against it usually struggle ...