NEW HOMES NEWS
SUMMER 2018
Pl an ni ng &
De sig n
Capital Advisory
Research, Market Insights & Analysis
y s le nc Sa ge g, A tin t & ke en ar m M ge a an M
Government Policy
Over 40 professionals located in Dublin, Cork, Galway & Limerick.
TABLE OF CONTENTS 3 EXECUTIVE SUMMARY 4 IRISH RESIDENTIAL MARKET 5 CAPITAL ADVISORY 6 GOVERNMENT POLICY 8 MARKETING INITIATIVES 9 NATIONAL NEW HOMES TEAM
EXECUTIVE SUMMARY IVAN GAINE MANAGING DIRECTOR SHERRY FITZGERALD NEW HOMES
• The New Homes market is expanding from a modest base but has seen significant challenges around the regularity of Policy changes which impact on consumer, promoter and funder sentiment. • The impact of the welcome Help to Buy, Macro-prudential Rules and other measures and government announcements have an impact on the rhythm of the market. • Year to date, our own business has continued to expand and we have added services of Capital Advisory and Policy Consultancy to assist our clients in navigating the new normal. • We are happy to report sales agreed YTD to the end of May of over 900 individual homes with a GDV of nearly €420m. • The Help to Buy is proving to be a strong catalyst for the increase in volumes with 78% of all of our sales agreed potentially qualifying and priced under €500,000. • We are now at the mid-point of the life of the Help to Buy and as per Revenue statistics on applications and claims filed to 1st May, 63.5% have been within the GDA and when you add in Cork, Galway & Limerick to the GDA that accounts for 80% of all applications & claims. It’s interesting to note that nearly 18% of the 6,910 HTB claims are in respect of self-build.
10 NEW HOMES DEVELOPMENTS
• We would like to see the Help to Buy continue beyond 2019 and until normal supply delivery is resumed. • The mortgage market is performing broadly in line with last year which is something of a disappointment with an expected increase in activity not evident which is likely a result of the more restrictive rules on ‘exceptions’ for second & subsequent buyers.
New Homes
• The BPFI (Banking Payments & Federation Ireland) reports that whilst drawdowns in Q1 are up 13.5% year-on-year – the annualised volume of mortgage approvals fell for the first time since March 2016 by a modest 0.7%
€12BN 2017
• Within the first few months of the year we have seen one of the pillars of Rebuilding Ireland around Vacant Housing effectively disappear and watched with interest the announcement of the National Development Plan, the NESC report and the long awaiting changes to the apartment standards – hopefully this month will bring conclusion to the height debate.
Second hand
Social
BT
• The Build to Rent appetite continues to increase and it is noticeable to see pension funds so active and engaged in acquiring residential blocks prior to completion.
Self build €30BN
Spec built
Second hand
• In considering the residential market we need to consider some targets for all of the sub-sectors within market. We need individual targets for a ‘normal’ level of second-hand transactions, Build-to-Rent, Social, Oneoff housing and development led housing. Taking a fairly simplistic view of the volume and value of the market without inflation the residential market could have an annualised capital value of €30bn plus as disaggregated by our pie chart. • We look forward to the next steps in the market and hope to continue with a sustained contribution to the industry.
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IRISH RESIDENTIAL MARKET SPRING 2018 Overview
MARIAN FINNEGAN CHIEF ECONOMIST SHERRY FITZGERALD GROUP
The opening quarter of 2018 has seen no relent in the strength of residential property price growth in Ireland, as the misalignment between supply and demand persists.
The opening quarter of 2018 has seen no relent in the strength of residential property price growth in Ireland, as the misalignment between supply and demand persists. House prices rose by 2.1% in the quarter, while in comparison, prices grew 1.9% in the opening quarter of 2017. That said, the opening three months of the year has seen further positive developments in terms of transaction and construction activity. The sustained disparity between the demand and supply in the market has seen the country experience a period of prolonged sharp house price increases. Annually to Q1 2018, residential property prices nationally have increased by 8.6%. In a more positive development, 2017 saw approximately 50,900 single transactions occur according to the latest available data from the Property Price Register, a 14% increase on 2016. Furthermore, the Help to Buy scheme has facilitated greater activity in the new homes market, with the volume of new homes transacting over the year increasing to almost 8,400, an upsurge of 47% year-onyear. The Help to Buy scheme has been particularly effective in Dublin and it’s neighbouring counties of Meath and Kildare. By enabling increased transactions and acting as an incentive for greater supply, the scheme has been central in curtailing price growth in the new homes market in these counties, with the median price of a new home falling by 3% in Dublin in 2017, and growing by a marginal 1% and 2% in Meath and Kildare respectively. The quarter has also seen the first approvals in the fast-track planning system and improvements in completions, commencements and planning permission numbers. All of these suggest an increasing construction output potential. Although, this has yielded some increase in output, the delivery of new homes still falls considerably short of what is required.
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ECONOMIC OVERVIEW 2017 saw the sustained and robust development of the Irish economy continue. Aided by a fervent rate of growth of 3.3% in Q4, preliminary estimates suggest the country’s GDP grew by 7.8% for the full year. Although the CSO have cautioned that this recording may provide an exaggerated growth rate for the year, as the activities of multinationals may have distorted headline growth figures, the underlying trend of positive progression in the Irish economy is evident. Forecasts suggest this positive economic development will persist, with the ESRI predicting growth of 4.8% and 3.9% for 2018 and 2019, respectively. The personal consumption of goods and services, a critical indicator of domestic economic activity and a sector that accounted for almost a third of total Irish economic activity in the year, continues to expand, growing by 1.9% in 2017. Modified domestic demand also augmented by 3.9% in the year. Designed to discount the sizeable effects multinational activities, the CSO points to this measure as a more reliable indicator for economic activity in Ireland than GDP or GNP.
Similarly, the Irish labour market is thriving at present. Figures from the latest Labour Force Survey reveal that there was an increase of 66,800 persons employed annually in the year Q4 2017. This brought total employment in the quarter to approximately 2.23 million, levels only marginally below the pre-crash peak in 2007. The seasonally adjusted unemployment rate was recorded at 6.4% at the end of the year, down from 7.1% twelve months previously. Moreover, the ESRI forecasts unemployment to dip below 6% in 2018, this will be the first-time unemployment has descended below this threshold since early 2008. Inflation pressures are faint at present, with the CSO estimating inflation at 0.4% for 2017 as a whole. However, given the upwards pressures a growing economy, increasing housing costs and a tightening labour market, place on prices overall, these muted levels of inflation are likely to be finite. Correspondingly, the ESRI forecasts inflation at 0.7% for this year, and 1.1% for 2019. Overall however, if the government hopes to realistically to build the 500,000 new homes and achieve the balanced regional development over the next two decades, as set out in Ireland 2040, additional measures to induce supply must be implemented.
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CAPITAL ADVISORY
Providing solutions and advice for the best access to funding from global capital providers Post financial crisis, the development finance market has changed for the long-term and while traditional lenders remain keen to lend to experienced developers, the reality is they have limited capital, are governed by strict macro-prudential rules and therefore, their risk appetite and lending volumes will not return to the level they did in the past.
FUNDING ENVIRONMENT While the sector continues to adjust to funders pricing risk accordingly; it is unlikely that high levels of low cost debt will return. What is required are funders who can be responsive, flexible and innovative in their finance offerings. With the current demand for housing in Ireland and the capital required to meet this, the continued availability of alternative sources of finance is imperative. As we move into 2018 and beyond, the development funding market continues to improve albeit from more diverse sources and in a more disciplined manner. Funding should now be less of a barrier for developers; however, professionalism, realistic expectations and robust business plans that stand up to the lenders’ due diligence processes are paramount to accessing capital. Ultimately, a developer should be targeting sustainable long-term funding solutions with a strong financial management framework that will enable them to develop on a meaningful scale relative to their experience, capabilities and market demands.
Managers, where he structured and executed real estate transactions in multiple European markets. The Capital Advisory team will manage the entire process from inception through to completion with the aim of maximising transaction efficiency while simultaneously reducing transaction risk.
A TYPICAL TRANSACTION PROCESS OVERVIEW IS AS FOLLOWS: •
Develop a strategy to fulfil clients’ funding objectives whilst incorporating property underwriting expertise
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Provide comprehensive financial analysis for funding opportunities
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Prepare Information Memorandums to target the funding market
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Match client funding requirements with a range of capital providers
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Act as an additional resource, negotiating and executing the transaction
APPOINTING THE RIGHT PEOPLE IS KEY Sherry FitzGerald New Homes and Cushman & Wakefield are acutely aware of the resource demands that funding transactions place on our clients and have therefore taken the progressive step to appoint Robert Murphy to head a Capital Advisory team across both businesses. This will allow us to provide integrated property and financial expertise to deliver funding solutions across the capital structure for both Development and Investment clients. Robert is a Chartered Accountant by profession with extensive experience in real estate corporate finance and investment management. He previously worked for major financial institutions, Land Securities plc and Irish Life Investment
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ROBERT MURPHY ROBERT MURPHY CAPITAL ADVISORY CAPITAL ADVISORY SHERRY FITZGERALD GROUP
TOWARDS OPTIMISING THE PERFORMANCE OF THE HOUSING SECTOR Aligning good intentions
Housing is a complex issue with a wide range of factors influencing all categories of housing that, in turn, influence each other. It is only by truly acknowledging the across-theboard systemic challenges of having a normally-functioning housing sector that, by facing these and assembling appropriate measures to establish such a sector, that there will be any prospect of real success in housing all our citizens. Reforms and initiatives under the Rebuilding Ireland Action Plan have brought important pieces of the framework that will support sector stability into play. These now fit with the very welcome joint publication of the National Planning Framework – Ireland 2040 (NPF) and the accompanying National Development Plan 2018 - 2027. The reforms have been reinforced through: •
The announcement of the twin Urban Regeneration and Rural Development Funds supporting development in both these areas so as to motivate local initiatives throughout the state.
•
The introduction of the Strategic Housing Development measures – whereby housing developments of 100+ are processed through an accelerated process delivered by An Bord Pleanala – brings a welcome rigour and discipline to processes surrounding the application and administration of planning approvals as well as a consistent reinforcement of national standards.
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The wider-context support measures follow a wide range of policy initiatives around resolving homelessness, the accelerating investment in social housing including the variety of those that support people who will provide housing for the rental market are all, in their own way, raising the game for housing provision.
•
Help to Buy for first-time buyers has seen the revival of that sector that provides new homes but the fact that this is 50% of the new-build market is indicative of a housing sector that is not functioning normally. The threats of the build-out of housing on lands acquired some time ago combined with the uncertainty of the longevity of the initiative – it has just 18 months left to run – are clouds on even this reality.
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In their recent important and timely publication, the National Economic and Social Council (NESC) “Urban Development Land, Housing and Infrastructure: Fixing Ireland’s Broken System”, the Council states that “adoption of the NPF and NDP also creates the perfect moment, and probably the last chance, to start the transition to a better system”. The system identified is “urban development, land management and housing provision”. The thoroughgoing paper cites research in sister EU countries who have had stable housing sectors providing affordable housing for their citizens for generations, outlines how these operate and identifies, in particular, how measures taken by the state, including how the taxation system supports investment and local authority proactive roles in removing development costs from those providing housing. In that regard the NESC supports the importance of the role of active land management, assigned to the National Regeneration and Development Agency (NRDA) in the NPF, but in addition and in that context, acknowledges the collaboration that will be necessary between public urban development bodies, private owners of urban development land, development enterprises and not-for-profit housing entities. This important NESC contribution to the housing debate has received disappointingly little media attention but perhaps this reflects the fact that housing is no simple matter. Housing is multi-faceted and influenced from a wide variety of sources reinforcing the need to structure the capacity to allow us to embrace the full complexity of the system, while offering specific intelligible solutions whose consequences will have been thoroughly tested across the system.
The current set of circumstances have no precedent in any similar crisis in Ireland over the decades since the issue of dealing with collective housing from the mid-19th century emerged as a public policy issue. There is no precedent for the combination of factors that include unintended consequences of policy in disparate areas that prevail at this time. These challenges include, in no particular order:
•
•
Birth-rate and population growth through immigration combined with decreasing household size – more people and proportionally more housing units;
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Real and significant threats to the sustenance of the economic recovery arising from housing shortage;
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Upskilling organisations to plan and deliver the right kind of housing in the right places;
•
Resourcing housing construction and infrastructure development;
1. Dealing with the full housing context, without the involvement of all stakeholders, will not provide sustainable solutions whereby the sector may be stabilised. It is through such inclusion that a unique combination of factors allows for the creation of a stable housing sector in Ireland that, in reality, has never existed since the foundation of the state. Boom/bust cycles are not normal and wholly avoidable. A different structure whereby we house our citizens is possible, requiring a change of mindset across the full range of participants, at all levels.
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Replay of the wholly predictable spiraling land cost and its influence on housing costs;
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Perception of the persistence of social inequality through homelessness;
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Potential loss to and of Approved Housing Bodies through their designation as “public”;
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Increasing regulatory complexity bearing on administrative burden and delay;
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Constant reviews/revisions of regulatory frameworks that, combined with the seemingly constant announcements of new initiatives, together serve to undermine confidence and erode certainty – the least appreciated but highestvalue assets that the state can bring;
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Emerging higher standards of environmental performance on housing;
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Constraints and delays on infrastructure development;
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Macro-prudential rules, strengthening the resilience of banking, act as a restraint on purchase, thus limiting development, but with the consequent unprecedented rate of rise and level of rental costs;
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Taxation of housing, in the widest definition, putting the entire cost of development as a burden predominantly on new home purchasers, with first-time buyers being those least able to afford it.
There are two core conclusions for government from this brief review:
2. It is apparent, looking at the disparate influences, that it is critical to have housing of all types viewed, measured and, most urgently housing delivery driven, from one source. The full panorama of influence bearing on housing has yet to be captured. It is possible to assemble a body, driven from the highest level, to ensure the real and effective alignment of good intentions by all participants so as to deliver a properlyfunctioning housing sector for all the citizens. The recent weather emergencies illustrate what can be achieved with clear priorities, sound structures and full participation – who can argue that there is not a housing emergency? Never waste a good crisis.
DAVID O’CONNOR POLICY CONSULTANT SHERRY FITZGERALD GROUP
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DIGITAL MARKETING Digital Marketing plays an important role in today’s property purchase process and our expertise in this area has yielded amazing results. We have developed this area to allow our team to offer best in class marketing solutions focusing on the ever evolving digital space. In addition we have produced guides and calculators to support purchasers throughout the process.
1,000,000 Our FTB Mortgage calculator has had over a million views
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12,000 average daily visits to sherryfitz.ie
33,000 monthly YouTube video views
24,000 average monthly Facebook video views
OUR NATIONAL
NEW HOMES TEAM
Our New Homes team is composed of outstanding real estate experts with a variety of cultural, academic and professional backgrounds. We act as one team drawing on the strengths of our individuals. Year over year we prove to be market leaders. Our New Homes team sold more than 1,800 new homes across Ireland last year. Our team has over 40 professionals with first-hand knowledge and experience across Ireland. These teams work closely with the support of our market-leading Research and Property Marketing specialists.
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Sherry FitzGerald was founded in 1982 as a result of the amalgamation of 2 companies – FitzGerald & Partners (founded 1972) and Sherry & Sons (founded in 1949). Back in 1982 we had just one residential office on Merrion Row in Dublin 2. Today we have nearly 100 offices across the country. In 1999 the Group acquired the Ross McParland New Homes business which was subsequently rebranded Sherry FitzGerald New Homes. The New Homes business has dedicated teams in Dublin, Cork, Galway & Limerick.
The New Homes & Advisory team provide development, research, policy, capital, marketing and sales agency/ management advice to a variety of developer, housebuilder, professional firms and funders. We have a proven track record with the core team managing nearly 60,000 new homes transactions over the last 20 years. Residential Investment is an important growing area of business and we have full in-house capabilities in this new sector. We have ambition for the industry in the future and hope to contribute to developing sustainable living communities.
DUBLIN T: 01 667 1888 CORK T: 021 427 3041 GALWAY T: 091 569 123 LIMERICK T: 061 418 000
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ALBANY, KILLINEY HILL ROAD, CO. DUBLIN Albany is an exclusive new development of 20 spacious four & five bedroom A-rated quality family homes. Set amidst the grounds of the restored Albany House this new development is just a stroll away from Killiney Beach and Killiney DART station. Joint agent: Kelly Walsh (PSRA No. 002885)
Belarmine Woods is an extremely attractive development consisting of a mix of 3, 4 and 5 bedroom A-rated homes built to exceptional standards by Castlethorn Construction. The Glencairn LUAS stop is about 15 minute walk away. There is also an excellent bus service.
CAIRN HOMES
CASTLETHORN CONSTRUCTION
BLOOMFIELD, DONNYBROOK, DUBLIN 4 Bloomfield House and its two wings Northfield and Westfield are being converted into a spectacular family home and superb 2 and 3 bed apartments. Bloomfield offers a unique opportunity to purchase a home of character and distinction with all the benefits of modern technology and building methods. BER EXEMPT EDWARD HOMES
BRIGHTON WOOD, FOXROCK, DUBLIN 18 An exceptional development of high quality homes set amongst mature woodland, off Brighton Road in the heart of Foxrock Village. The development will mainly comprise of 3, 4 and 5 bedroom houses and a small number of spacious 2 and 3 bedroom apartments and penthouses. CASTLETHORN CONSTRUCTION
CONDOR, CHURCH ROAD, KILLINEY, CO. DUBLIN Condor is a boutique development of 4 large detached five bedroom luxurious family homes situated on the highly sought after Church Road in Killiney. Church Road is very well situated close to the villages of Dun Laoghaire and Dalkey with easy access to the M50 motorway. LIONCOR DEVELOPMENTS
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BELARMINE WOODS, STEPASIDE, CO. DUBLIN
BRAMBLEDOWN, CARRICKMINES, DUBLIN 18 Brambledown is an exclusive development of 4 bedroom family homes on Glenamuck Road, Carrickmines, Dublin 18. Located at the foot of the Dublin mountains, Brambledown comprises a mix of detached and semi-detached luxurious homes within a culde-sac of just 11 houses.
COLLABORATION LAND LTD.
CITYWEST VILLAGE, CITYWEST, DUBLIN 24 Citywest Village is a development of very high quality 2, 3 and 4 bedroom townhouses, semi and detached homes beside the Citywest Luas stop. All of the houses have a beautiful traditional full red brick elevation with many of the very attractive features of the traditional red brick Edwardian streets of Dublin.
DAVY HICKEY PROPERTIES
HAZELBROOK SQUARE, RATHFARNHAM, DUBLIN 14 Hazelbrook Square is a new and prestigious A-rated development of three bedroom homes nestled in the leafy suburb of Churchtown. These well located homes combine the best of modern day living and a classic contemporary design.
MAZARS
STEPASIDE PARK, STEPASIDE, DUBLIN 18
STILLORGAN GATE, UPPER KILMACUD RD, CO. DUBLIN
McGarrell Reilly have an excellent reputation for delivering high quality homes. Stepaside Park presents a unique opportunity to purchase large, superbly designed 4 & 5 bedroom family homes in this nicely mature, hugely popular development in Stepaside Village.
A development comprising luxury three storey four bed houses, large 2-bed ground floor apartments and large 3 bed duplex, all designed around a central landscaped courtyard. Close to Dundrum, Stillorgan, the LUAS and a variety of schools.
MCGARRELL REILLY
CAYE CONSTRUCTION
THE GROVE, GOATSTOWN, DUBLIN 14 The Grove is an exceptional development of large A-rated four bedroom family homes, located off the Goatstown Road. There are also some very large two bedroom apartments and three bed duplex. All come with an exceedingly high specification and superior finish.
ROYAL TERRACE NORTH, TIVOLI PLACE, TIVOLI ROAD, DUN LAOGHAIRE An elegant terrace of new 4 bed Regency style three storey over basement townhouses built to an exacting standard to finally complete the Royal Terrace first begun in the 1850s.
DURKAN ESTATES
WHITE PINES, DUBLIN 14
ELMHILL HOMES
WILKINS COURT, WALKINSTOWN, DUBLIN 12 White Pines is a contemporary new development built by Ardstone Homes, comprising of 3, 4 & 5 bedroom family homes located along Stocking Avenue in the long established suburb of Rathfarnham.
ARDSTONE HOMES
THE VIEW @ GLENHERON, GREYSTONES, CO. WICKLOW
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These extremely spacious family homes are located in a tranquil environment on Limekiln Lane, just off Greentrees Road. Wilkins Court offers quality homes in a mature settled location with an excellent range of amenities immediately at hand.
WILKIN’S COURT
JACKIE GREENE CONSTRUCTION
MARINA VILLAGE, GREYSTONES, CO. WICKLOW Exceptional family homes in a desirable location, The View at Glenheron is an exclusive new development of three and four-bed high-quality detached, semi-detached and terraced family homes.
A truly landmark development in the heart of Greystones. Marina Village provides a mix of apartments and house types ranging from 1 to 5 bedrooms. This flagship development provides an unparalleled quality of finish and landscaping.
CAIRN HOMES
GLENVEAGH
SEAGREEN GATE, BLACKLION, GREYSTONES, CO. WICKLOW A mix of 4 bed homes on this beautiful elevated site in Greystones. Many homes will have seaviews, all with come with the usual high quality specification Wicklow buyers have come to expect from Wood Group Homes.
WOOD GROUP HOMES
TERNLEE, KILCOOLE, CO. WICKLOW Ternlee is a superb new development of 3, & 4 bedroom family homes, nestled in the picturesque village of Kilcoole. A wonderful location where one can enjoy the benefits of both coastal and country living, with the convenience of Greystones and Wicklow Town a short drive away.
NEWLYN CONSTRUCTION
BELLTREE, CLONGRIFFIN, DUBLIN, 13 Belltree is a new development of 3 bedroom high quality houses by Gannon Homes. Located off the Hole in the Wall Road, shops, restaurants, a 22 acre park (Fr Collins Park) as well as Clongriffin DART Station are all nearby.
GANNON HOMES |
CASTLEKNOCK CROSS, CASTLEKNOCK, DUBLIN 15
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WAVERLY, GREYSTONES, CO. WICKLOW Waverly is a superb new development of located in the seaside village of Greystones, Co Wicklow. Waverly comprises of 3 bed, 4 bed and 5 bed family homes, all designed to the highest specification to facilitate modern living in a most peaceful location.
NEWLYN CONSTRUCTION
WICKLOW HILLS, NEWTOWNMOUNTKENNEDY, CO. WICKLOW Tower Homes’ newest and most exciting development of high quality homes at affordable prices provides a combination of detached, semi-detached and terraced 2, 3 & 4 bed homes.
TOWER HOMES
CASTLECHURCH, NEWCASTLE, CO. DUBLIN Castlechurch is a new development by Barina Construction of A rated 3, 4 and 5 bedroom homes in Newcastle. There will be approx. 70 homes in Castlechurch, all of which will be generously proportioned with a high internal and external specification.
BARINA NEW HOMES
HAMILTON PARK, CASTLEKNOCK, DUBLIN 15
A luxurious development of 4/5 bedroom family homes located within a stone’s throw of Castleknock Village. A wealth of luxurious fixtures and fittings and the high specification truly sets them apart from any other new homes in the locality.
A new development of 3, 4 and 5 bedroom houses together with 1 and 2 bed apartments by Park Developments. Located just off the Diswellstown Road, this attractive development of A rated homes is just 30 – 35 minutes from Dublin City Centre and 5 minute drive from Castleknock Village.
FONTWOOD INVESTMENTS
PARK DEVELOPMENTS
THE PARK AT HANSFIELD, DUBLIN 15
LONGVIEW @ MILLERS GLEN, SWORDS, CO. DUBLIN
This exciting new scheme centres around a 5-acre park which will have playgrounds, walking paths and playing fields. The Park at Hansfield will comprise of a mix of 3 and 4 bedroom A-rated family homes meaning lower heating bills and increased warmth and comfort.
Gannon Homes’ new development of very spacious, high quality houses in a superb location in Swords. There are a mix of 3 & 4 bedroom homes all of which come with an “A” rating and a very high standard of internal finish and specification.
ALANNA HOMES
GANNON HOMES
NORABROOK, HOWTH ROAD, CLONTARF, DUBLIN 3
ROKEBY PARK, LUCAN, CO. DUBLIN
A development of 18 luxury houses in a wonderful location at the junction of St Laurence’s Road and the Howth Road .All homes have four bedrooms plus a study and an attractive red brick facade. Norabrook is within walking distance of Clontarf Seafront and the DART at Killester.
HUGH MCGREEVY & SONS
CAMDEN AT ROYAL CANAL PARK, ASHTOWN, DUBLIN 15 Constructed by Ballymore
LUCAN VILLAGE
O’FLYNN CONSTRUCTION
THE LINKS, BALLYGOSSAN PARK, GOLF LINKS ROAD, SKERRIES, CO. DUBLIN
and located on the banks of Dublin’s Royal Canal, this unique development is located just 15 minutes from Dublin City Centre. Royal Canal Park features spacious 3 and 4 bedroom elegant townhouses presented in a very attractive landscaped environment.
Located just south of Skerries Town Centre, The Links comprises a mixture of twelve different styles of 2, 3 & 4 bedroom homes laid out in small cul-de-sacs with an excellent variety of house types and styles available within the scheme.
BALLYMORE
NOONAN CONSTRUCTION
STONELEIGH, CRADDOCKSTOWN, NAAS, CO. KILDARE
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Rokeby Park offers an incredibly rare opportunity to buy an ultra-luxurious four and five bed detached homes on large sites close to Lucan Village. Rokeby Park is located only moments from St Catherine’s Park in an attractive leafy setting.
WESTFIELD, LEIXLIP, CO. KILDARE
A new development of spacious three and four bedroom family homes. Stoneleigh is situated in a prime residential location off Craddockstown Road beside Naas Community College, convenient to all of the superb amenities that Naas has to offer.
A brand new development of three and four bedroom houses in Leixlip. Conveniently located close to the M4 and the train station, the houses are substantially larger than comparable second-hand homes built in recent years. Joint Agent: Sherry FitzGerald Brady O’Flaherty (PSRA No. 002296).
BALLYMORE
KILLROSS PROPERTIES
BROADMEADOW VALE, RATOATH, CO. MEATH
DUBLIN T: 01 667 1888 CORK T: 021 427 3041 GALWAY T: 091 569 123 LIMERICK T: 061 418 000 SHERWOOD GROUP
An elegant new development of traditionally built, energy efficient homes by the Sherwood Group, comprising of 3, 4 and 5 bedroom detached, semi-detached and terraced homes. These homes have been intelligently designed to cater for modern contemporary living. Sherwood Group. Joint Agent: FitzGerald Hughes (PSRA No. 001320)
COMING SOON ANGLESEA, CROFTON ROAD, DUN LAOGHAIRE, CO. DUBLIN
ARDILAUN COURT, RAHENY, DUBLIN 5
ARDSOLUS, BROWNSBARN
BOURKE BUILDERS LTD.
MKN DEVELOPMENTS
ALANNA HOMES
Anglsea is a collection of 12 boutique apartments and a stunning penthouse set within a period building overlooking Dun Laoghaire Harbour and the Royal Irish Yacht Club. A mixture of luxurious 1, 2 and 3 bed located on the seafront
Ardilaun Court is a luxurious development of 69 apartments and 7 three and four bedroom houses which will follow in MKN’s tradition of high end property development with quality craftsmanship and design at its core.
Ardsolus is an exciting new scheme by Alanna Homes. It is a small, select development of modern and spacious superior quality 3 & 4 bedroom homes.
BALLINAHINCH WOOD, ASHFORD, CO. WICKLOW
BELCAMP, MALAHIDE ROAD, DUBLIN 17
DÚN RÍOGA, DUNSHAUGHLIN, CO. MEATH
ARDSTONE HOMES
GANNON HOMES
CASTLETHORN CONSTRUCTION
Scenic development of 2, 3, 4 and 5 bedroom houses and dormer bungalows in north Wicklow.
Gannon Homes’ newest development at Belcamp on the Malahide Road will comprise 3 and 4 bed homes built to their usual high standard, providing stylish family accommodation in an ideal location.
Situated in the vibrant village of Dunshaughlin only minutes from the M3, Dun Ríoga is a development of 2, 3 and 4 bed family homes. It is beside Dunshaughlin GAA Club on the Drumree Road, a 5 minute walk to the village itself.
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FAIRFIELD, DUNSHAUGHLIN, CO. MEATH
HERBERT HILL, DUNDRUM, DUBLIN 14
THE NURSERIES, TANEY ROAD, DUBLIN 14
KINGSCROFT DEVELOPMENTS
GLENVEAGH
LIONCOR DEVELOPMENTS
Glenveagh properties latest development is Herbert Hill. Located in the heart of Dublin 14, directly across from Dundrum Town Centre and adjacent to Balally Luas Station, Herbert Hill will offer a mix of apartment types with state-of-the-art connectivity.
The Nurseries is a boutique development of 33 luxurious four and five bedroom detached and semi-detached family homes situated on the sought after Taney Road in the heart of Dundrum.
Coming to the market in late summer, Fairfield will comprise a selection of well designed 3 and 4 bedroom homes, built with an attention to detail typical of all Kingscroft developments.
MARINE WALK, DUN LAOGHAIRE, CO. DUBLIN WILLIAM NEVILLE & SONS
Marine Walk is an attractive mixed development of 27 one, two & three bedroom apartments with exceptional sea views on offer in an enviable location beside the Royal Marine Hotel in Dun Laoghaire.
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CORK ARD AOIBHINN, INNISHANNON, CO. CORK This is the last opportunity to acquire a new home in this successful development offering 9 detached four bedroom homes within this mature scheme.
Clonlara is an exciting new development of 3 & 4 bedroom semi-detached and detached homes situated in the picturesque village of Kerry Pike situated on the north west outskirts of Cork city.
DUNBOY CONSTRUCTION
O’FLYNN GROUP
CLONMORE, MALLOW, CO. CORK At Clonmore, you will find a selection of stunning and stylish detached and semi-detached homes with every luxury and convenience. Situated in the buzzing suburban town of Mallow; the crossroads of Munster, within easy reach of Cork’s city centre.
O’FLYNN GROUP
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CLONLARA, KERRY PIKE, CORK
COOPERS GRANGE, OLD QUARTER, BALLINCOLLIG, CO. CORK
Coopers Grange offers a select number of detached, semidetached and terraced homes laid out in attractive avenues and cul-de-sacs.
O’FLYNN GROUP
DRAKES POINT, CROSSHAVEN, CO. CORK
KINSALE MANOR, KINSALE, CO. CORK
Drake’s Point, nestled in the heart of Crosshaven, is a well situated, thoughtfully presented residential development providing a superb choice of new homes in a natural setting. New 2 bed terrace, 3& 4 bed semi detached and 4 bed detached quality homes.
Kinsale Manor is a stunning new residential development by Gannon Homes comprising well laid out semi-detached and detached homes within walking distance of the picturesque seaside village of Kinsale.
O’FLYNN GROUP
GANNON HOMES
MILLERS COURT, OLD QUARTER, BALLINCOLLIG, CO. CORK
MITCHELLS COURT, KERRY PIKE, CORK
Millers Court is one of the last opportunities to acquire a new home in the successful Old Quarter development, offering a select number of detached, semi-detached and terraced homes.
MITCHELL’S
Last remaining high quality homes in this development of 33 large detached dwellings located in the picturesque village of Kerry Pike situated on the north-west outskirts of Cork city. The area, while rural and peaceful, is extremely accessible to the City, Northern Ring road and Ballincollig.
C O U RT
O’FLYNN GROUP
POWDERMILL MEADOWS, EAST SIDE, BALLINCOLLIG, CO. CORK
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Kerry Pike, Co. Cork
O’FLYNN GROUP
STEEPLE WOODS, CARRIGROHANE, CORK
A unique development of just five quality 3 & 4 bedroom semi and detached homes conveniently located close to Ballincollig Centre with all its facilities.
An exclusive development of 26 only detached and semidetached homes, offering an incredibly rare opportunity to acquire a spacious and elegant family home in a prestigious area.
WHITEBON DEVELOPMENTS
O’FLYNN GROUP
DUBLIN T: 01 667 1888 CORK T: 021 427 3041 GALWAY T: 091 569 123 LIMERICK T: 061 418 000
LIMERICK BLOOMFIELD, ANNACOTTY, CO. LIMERICK Bloomfield by Clancy Homes is Limerick’s foremost residential development. Built to the highest specifications currently achievable, Clancy Homes have paired the most advanced building materials available with cutting-edge construction technique. The result is a maximum level of comfort and energy efficiency, finished with style and attention to aesthetic. CLANCY HOMES
CASTLEBROOK MANOR, WALKERS ROAD, CASTLETROY, LIMERICK
COMING THIS AUTUMN
Castlebrook Manor by Lioncor Developments is an exciting new development of 3, 4 and 5-bedroom high quality detached, semidetached and terraced homes situated in the sought-after suburb of Castletroy close to the picturesque village of Annacotty and a stone’s throw from University of Limerick.
LIONCOR DEVELOPMENTS
GALWAY CEATHRU AN TOBAIR, MAREE ROAD, ORANMORE, CO. GALWAY Ceathru an Tobair is an exclusive new development of 3 & 4 bedroom family homes that enjoys a superb location beside Oranmore Village. Oranmore is a rapidly expanding area located just 12km from Galway City.
ORAN ISLAND DEVELOPMENTS LTD
COMING SOON RADHARC NA GREINE, MONIVEA ROAD, GALWAY The first new residential development within the inner east suburbs of Galway City in several years, Radharc na Greine will comprise of 52 new homes and features a selection of 2, 3, 4 & 5 five bedroom houses from terrace, end terrace, semi-detached and detached, ranging in sizes from 81 sq m to 161 sq m.
GREENWAY HOMES
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DOIRE FEÁ, MOYCULLEN, CO. GALWAY Doire Fea is an exclusive new development of 3, 4 & 5 bedroom family homes in the heart of Moycullen Village, just 10km west from Galway City. The splendid Killrainey Woods forms the backdrop to this niche development of only 50 homes.
BRTW DEVELOPMENTS
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CONTACT US SHERRY FITZGERALD NEW HOMES CORK 6 Lapps Quay, Cork 021 427 3041 DUBLIN 164 Shelbourne Road, Ballsbridge 01 667 1888 GALWAY 4 Eyre Square, Galway 091 569 123 LIMERICK 6 Shannon Street, Limerick 061 418 111 SHERRY FITZGERALD FINANCIAL SERVICES CORK 6 Lapp’s Quay, Cork 021 427 5454 DUBLIN Unit 3 Boyne House, Custom House Square, IFSC, Dublin 1 01 643 1400 GALWAY 4 Eyre Square, Galway 091 569 123 LIMERICK 6 Shannon Street, Limerick 061 418 111 CUSHMAN & WAKEFIELD CORK 6 Lapp’s Quay, Cork 021 427 5454 DUBLIN 164 Shelbourne Road, Ballsbridge, Dublin 4 01 639 9300 GALWAY Unit 2 Dockgate, Dock Road, Galway 091 569 181 LIMERICK 6 Shannon Street, Limerick 061 418 111
Disclaimer: This document should not be relied upon as a basis for entering transactions without seeking specific, qualified, professional advice. It is intended as a general guide only. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. While reasonable care has been taken in the preparation of the report, neither Cushman & Wakefield / Sherry FitzGerald nor any of directors, employees or affiliates guarantees the accuracy or completeness of the information contained in the report. Any opinion expressed (including estimates and forecasts) may be subject to change without notice. No warranty or representation, express or implied, is or will be provided by Cushman & Wakefield / Sherry FitzGerald, its directors, employees or affiliates, all of whom expressly disclaim any and all liability for the contents of, or omissions from, this document, the information or opinions on which it is based. Information contained in this report should not, in whole or part, be published, reproduced or referred to without prior approval. Any such reproduction should be credited to Cushman & Wakefield / Sherry FitzGerald. PSRA No. 002183
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