Enough office space for 30,000 workers to be built in Dublin this year

As the post-Covid return of the economy continues, many office-based workplaces are deciding what to do regarding sending workers back to the office. After more than a year of remote work only, it appears more and more likely that most workplaces will be adopting some sort of hybrid model in the near future, with staff splitting time between working from home and in traditional offices.

While this change had been underway, it has been accelerated by the pandemic. However, this does not mean that there is not a lot of demand for traditional office space from employers. Estate agency Savills reports that enough office space to accommodate 30,000 workers will be constructed in Dublin this year. This equates to 196,000 square meters of space over 33 buildings. This represents a surge in demand for office space when compared with 2020, showing a 35 percent increase on the amount of space that came to market in the nation’s capital last year.

This space is being filled at a rate that is surprising when considering the shift to hybrid or remote work …

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Irish Households’ savings at record levels

Irish households saved more than 4 times the average amount during the first quarter of 2021, according to a recent study by the Central Statistics Office (CSO). The CSO reports that Irish households saved more than €10 billion during the first three months of 2021.

This massive increase in savings was undoubtedly related to Covid-19 and it’s corresponding economic restrictions. Due to businesses being closed because of lockdowns, government unemployment benefits, or some combination of the two, incomes either held steady or increased, while spending was dramatically decreased. The CSO also reported that uncertainty about the pandemic and how long the lockdowns would last may have forced many Irish citizens to build up an increased amount of precautionary savings, in case money became tight in the future.

When looking at the numbers, it is no surprise that savings grew dramatically when compared to the first quarter of 2020. Compared to the first three months of last year, Government subsidies increased by €1.1 billion, and social protection payments rose by an even larger margin of €2.7 billion.

While the Pandemic Unemployment …

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What are the Best Real Estate Investments in Ireland

 

Introduction

Real estate is one of the oldest assets that has existed for many centuries. Kings, noblemen, kingdoms, and chiefdoms used the land as a form of exchange or compensation during wars and gave the royal families as a sign of reward. Over the years, real estate has become the most profitable business idea for those who can invest heavily in land or real estate and wait for it to appreciate over time. Moreover, factors such as urbanization have made it more beneficial and appealing than investing in the stock market. It is three times more likely than any other business to make money, in my opinion.

Best types of investments

In Ireland, there are many types of real estate investments namely:

Physical property investments

Physical property investment can often yield high returns with these categories and requires more significant initial investment and patience for property to appreciate. The best type of investment are as follows:

Residential real estate.

Building houses where people can live is an excellent investment because of the population growth and rental housing demand …

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Kitchen Design That Will Add Value Your Home

 

When it comes to adding value or selling a house, more often, real estate agents will tell you that the kitchen is a vital component when thinking of sell homes because it increases the home value. For home buyers, both first-time and second home buyers, kitchen designs, upgrades, development, and complete retrofitting are at the top of the list for many customers. The kitchen is essential when it comes to the most valuable home improvements. Because most people want a fitted kitchen without paying a lot of money to buy a house, some believe that kitchen renovations are the most likely to increase the value of your home. Still, one should know that this doesn’t mean that every penny you spend will be repaid. In my opinion, I believe the following kitchen designs can add and increase the value of a residential home. These include: –

Designing a more spacious and modern storage unit. Designing and renovating cabinets and drawers to provide a level of luxury and comfort can be unrivaled. This feature adds an elegant touch of quality, …

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Impacts of technology on Irish Real Estate

 

Changes in consumer behavior and market conditions are slowly redefining the field of real estate technology. The Irish real estate market continues to expand, with investor interest keeping pace with the client base. Because this industry is unique, the technological impact on it may be felt in a particular manner. While this is going on, any real estate firm that wants to stay competitive will have to change. We can no longer ignore the evolution of real estate technology.

Moreover, individuals have remained at the heart of the service, advertising and advising customers on the best real estate property they buy or invest in using technology. Individual companies struggle to become undisputed leaders in the industry as it evolves to ensure customer loyalty, offering renewable energy solutions and intelligent houses beyond property products and services. Here are several ways in which technology can influence or is influencing the Irish real estate industry: –

Big Data: From driving business decisions to improving the customer experience, big data can significantly impact a company’s real estate. Many real estate companies collect a …

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Why you should invest in Real Estate Now

 

When it comes to real estate investment, you may hear some people say that you should not wait for the future but invest early. It’s never too late to invest in real estate. However, before you invest, make sure you understand the various investments available to you based on your potential earnings, time, and net worth.

For a long time, Real estate has been a consistently thriving niche, giving many investors and home buyers a push for their market opportunity. For astute, forward-thinking investors and developers, there are numerous opportunities. Real estate-related inventories and Real estate investment are two examples of real estate investments. Land, residential, commercial, and industrial development are examples of investment projects in the real estate industry. Real estate investment can come in a variety of shapes and sizes. With these opportunities, it is wise to start investing now as there are many benefits and advantages.

Benefits of Investing in Real Estate

Proper research and a logical analysis approach based on financial factors will assist you in purchasing the best property. Some of the advantages of …

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5 Money Principles every young adult in Ireland should follow

 

Principles are not always fun to human beings, but the fruits of having regulations are rigorous and advantageous.  Principles are even harder to for and follow among young adults. Financial principles serve as a bitter cup when you know you have the money, but you cannot spend it however you like because you have to mind your tomorrow. The financial success of a person mostly counts on one’s behavior. The money choices you make every day determine where you will be financially a few years from now. Financial discipline does not only entail saving; it also involves wise spending and wise investments. There is a need for the Irish to learn some of the core money principles, especially during these economically challenging times. The following are some of the critical money principles which would prove life-changing among the young Irish.

Always spend less than what you make- This is probably the most basic yet the most crucial money principle of all time. Young people always feel the pressure to look rich rather than be rich, but don’t let social …

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Why are investment funds buying up Irish Property?

Large-scale private rented sector (PRS) investors, sometimes called vulture or cuckoo funds, have rapidly become a major force in the Irish property market over the last few years.

As recently as 2017, these funds were a minor and insignificant part of the housing market. However, these firms have spent more than €6 billion buying Irish homes, apartment buildings, and commercial properties over the last three and a half years.

The cuckoo funds show no sign of slowing down in 2021, as they have spent €1.5 billion so far this year, according to recent figures from estate agents and property adviser JLL. Most of these funds are backed by international investors, and have quickly become big players in the market, particularly investing in deals for new apartments in Dublin.

But what is driving this relatively new and rapidly growing force in the market?

Analysts say that an influx of cash in European markets, lack of yields in traditional assets including bonds, and the huge surge in housing demand and high rent prices in Ireland have combined to create a very lucrative …

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What are the Issues Affecting Fin-tech Companies?

As compared to other lenders in Ireland, fin-tech lenders process mortgage applications almost two times faster. This means that it has highly improved the efficiency of financial inter-meditation in the Irish mortgage market. Despite this being the case, there are three major challenges faced by fin-tech firms in Ireland.

Innovation

As the innovation and trends of financial products face constant disruption, companies that are affected by need to constantly adopt new trends. With an increase in new technology in the market, banks are struggling to keep up. Trends like Artificial Intelligence (AI) and Machine Learning (ML) are being integrated in system personalization, wealth management and banking systems. This makes almost impossible for banks to balance their employees with technology since they experience problems as they try to keep up with trends.

Building and Maintaining Trust with Customers

For payment applications, mobile banking, and fin-tech as a whole, security is one of the biggest concerns. Unlike traditional banks that have bulletproof doors, heavy vaults, CCTV cameras, and security guards to guarantee the safety of the assets, fin-tech companies …

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How will Payments Change After the COVID-19 Pandemic?

The Covid-19 pandemics has taught many businesses, financial institutions, and companies that digital platforms and technology can be well utilized for cashless transactions. Restrict movement and lockdown in some cities have hindered customers flocking into the street to buy stuff or eat-in restaurant, prompting many businesses to opt for online and E-commerce platforms to stay afloat.

The pandemic has highlighted the importance of digital capacity, which has served as an additional catalyst in an already fast-changing payment industry. We are confident that this new reality will persist and only progress. Following the pandemic, some experts were asked to report any trends, and the following are some forms of payment that have come up due to the pandemic;

Buy Now, Pay Later (BNPL)

BNPL’s name is pretty self-explanatory. During the pandemic, it is widely regarded as the most developing payment option. Customers can purchase items through BNPL before paying for them. Although it has been a massive success in recent years, many people have criticized this payment method. This method of payment is unlikely to go away completely. However, as …

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