The recent Dublin City Taskforce report, published at the end of October, recommended how multiple state and semi-state agencies can collaborate to effect a strategic overhaul of Dublin’s city centre. The role of private developers, investment funds, and institutions is equally important, and perhaps even more so, but for these to be enabled, state actors must evolve and facilitate quicker decision-making.
The ‘build it and they will come’ mantra should be ringing in the ears of property funds given global trends
UK real estate will need to adapt to wetter, hotter and colder environments ESG regulations, government policy and occupiers will demand real estate fit for purpose in extreme weather Green buildings are being demanded by policy, consumers and investors.
The classic definition of core real estate means a high-quality asset in a good location with solid tenants. Yields are low but stable and income is far from risky – indeed core assets were valued for their resilience during economic downturns.
As more people wait and see regarding the huge financial pressures of buying a house, they will continue to rent, and they will discover that renting is far from a second choice. This demand will be boosted by buy to let properties being taken off the market due to new legislation.
The first few months of the new Labour government have been reassuring for the property industry, and indeed the house buyer, with major planning reforms on the way, and a streamlining of efforts to re-develop brownfield land. Most notably, the new Chancellor ruled out the possibility of rent controls in her first week in office.
The boom in electric vehicles is not going to go away. Push factors are the climate crisis and the cost of petrol. Pull factors are the rise in efficiency of electric cars and their falling prices. Demand is only going to go one way, but ensuring our built environment is ready to accommodate the boom is another matter.
While the "S" in ESG may be five to 10 years behind its environmental counterpart in terms of legislation and regulation, changing consumer attitudes are fuelling a surge of interest in delivering – and measuring – social value.
Despite an estate weighing in at 6.9 million hectares, the NHS land portfolio is used poorly. Hospitals and services are creaking while staff often struggle to find affordable homes nearby. Most NHS workers spend close to 50% of take-home pay on housing.