Rents up nationwide by 34% since 2011


  • Rental Report Executive Sdaftummery


The goal of the Daft report is to use this information to help all actors in the property market make informed decisions about buying and selling. In addition, because it is freely available, the Daft report can help inform the media, the general public and policymakers about the latest developments in the property market.


The figures in this latest rental report show an increase in the average rent nationwide of 9.3% in the year to March 2016.


There is nothing sustainable about inflation in rents of 10% - considering the rate of inflation in the wider economy is close to 0%. If this situation persisted into the future, the average household would have to devote an ever greater share of its income, just to pay its rent. The rule of thumb about a household’s accommodation costs is that their accommodation costs, in the form of rents or mortgage payments, should not be greater than roughly one third of the household’s disposable income.


However, if we look at the rental market, we can see a growing disconnect between household incomes and prevailing rents. The average rent for a three-bedroom house in Waterford, though, has increased from on average €619 in 2015 to on average €699 in early 2016.


Landmark day as Planning Granted for Major Shopping development at Michael Street


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Landmark day as Planning Granted for Major Shopping development at Michael Street – Cllr. Cummins.


Former Mayor of Waterford Cllr. John Cummins has said he is absolutely delighted to receive confirmation that a major retail development has been granted planning permission by Waterford City and County Council subject to a number of conditions.


Cllr. Cummins who has championed this development since his first term as Mayor in late 2013 said “this is a landmark day for the future of our city centre. For too long our city has been incapable of attracting larger international brands, due in no small part to the lack of suitable large scale units for them to operate from. This development by Newgate Properties in conjunction with NAMA will enable these major international retailers who we know want to come to Waterford City to open up shops in the heart of our city centre. This in turn will drive footfall and make our city centre more attractive for visitors and locals alike which will have a very positive knock on effect for our existing local retailers.


According to Newgate Properties who submitted their planning application in March, the proposed development will generate up to 250 jobs during construction and is expected to support up to 480 retail and support jobs when complete with this figure likely to increase seasonally. It’s envisaged that the new centre will accommodate a range of retailers, primarily fashion and other specialist outlets. It will include over 10,000 square metres of gross retail floor area split over two levels; A prestigious anchor unit together with a number of medium-sized units for international and national brands and smaller retail spaces; Cafes, restaurants and food retailers and a car park with 383 spaces.


Cllr. Cummins continued saying “it has taken three years of hard work to arrive at this successful planning decision. I have met Minister Noonan regarding the project on several occasions and have worked with all involved to promote the benefits of this retail development for our City and County and indeed wider region. This is about making Waterford the go to place in the South East when it comes to a vibrant shopping experience and Council’s approved €18 million investment in our streetscapes and public realm have a large part to play in that also.


Commenting on the planning approval, Laurent Borla, Waterford Chamber President said, “This is very positive news for Waterford City Centre both in terms of the job creation aspect and the opportunity to deliver a significant retail development for the City.  It also supports the planned Urban Renewal Programme for Waterford and will position the City as a primary location for investment going forward.  We congratulate all concerned and would encourage all stakeholders in Waterford to support the development of this important project”.




Should no appeal be made it will be up to the board of NAMA to decide whether to develop the complex themselves, enter into a joint venture or sell the site with planning permission to another developer. NAMA’s function is to realise the greatest return to the taxpayer and have engaged all three of the aforementioned options when it comes to their portfolio in Dublin.


IndTech16 Conference news, updates and speakers


This week, featuring one of our seven speaker's for IndTech16 we would like to introduce Rodger Greene, WIT.


Rodger will address Conference delegates on ''Business Side of Sustainability''.


Profile Pic Rodger Greene


Rodger is a Lecturer in Energy Management within the Department of the Built Environment at Waterford Institute of Technology and has lectured in Energy Management, Energy Efficiency, Energy Policy and Legislation and Renewable Energy systems. He is currently Joint Programme Director of the MSc in Construction Project Management. 


Through Academia and private consultancy, he has been involved in an array of energy efficient projects including works to comply with ISO 50001 and the Energy Audit Scheme known as S.I. 426 of 2014. 


His main areas of Research involve the use of advanced analytics to provide greater levels of understanding of energy usage to provide greater metrics for tracking energy efficiency in large manufacturing industries.


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House of Waterford Crystal welcomes millionth visitor


Waterford Crystal Millionth Visitor


19th August, Waterford Crystal welcomed their one millionth visitor, Gladys Aycock from North Carolina, USA!


Gladys who travelled to Waterford and Ireland's Ancient East for the first time became the milestone visitor when she booked an escorted tour with Globus.


Upon arriving at the House of the Waterford Crystal, the family was greeted with a VIP reception, led by the Mayor of Waterford City and County Adam Wyse and Waterford Crystal's Sales & Marketing Director David McCoy, before cutting a celebratory cake which was shared with visitors from across the world that joined in the celebrations!


The VIP Experience included a personal tour of the factory, where Gladys got an opportunity to work with master blowers and cutters manufacturing the World Famous Waterford Crystal.


To mark the event, the team at Waterford Crystal manufactured a crystal key. The piece was crafted by Michael Murphy a Master Sculptor at the factory. With this unique crystal key, Gladys will always be a VIP guest of Waterford Crystal.


Gladys, said, “To be named Waterford Crystal’s one-millionth visitor was a wonderful surprise and it certainly made it a very memorable trip. From the moment we arrived, the impressive factory and brand experience, located by the Viking Triangle was a fantastic experience to enjoy Waterford in its home.


David McCoy Sales & Marketing Director, commented, “We take great pride in the many visitors from Ireland and abroad that travel to visit our factory and brand experience.  Waterford Crystal is the worlds No I crystal brand and our experience offers an engaging and unique insight into the manufacturing process, which enables us to create these wonderful products. We have a great team at the House of Waterford Crystal, who show great pride and passion in continuing to evolve and develop the craftsmanship that is associated with Waterford Crystal. ”


Cllr Adam Wyse, Mayor of Waterford City and County, said: “It is real pleasure to welcome Gladys to the House of Waterford Crystal and the many other delights that Waterford City has in store for them. Waterford as a city has invested significantly in providing visitors with world class facilities at the city’s Viking Triangle attractions including the Bishops Palace and the Medieval Museum. Waterford Crystal plays a significant role promoting awareness of our city both locally and internationally.”


The House of Waterford Crystal has received the TripAdvisor Certificate of Excellence 2016, and as the # 1 attraction in Waterford city, it exceeds visitor expectations for an outstanding visit to the Waterford Crystal factory tour and brand experience.



Three Waterford stores nominated for Irish Times Best Stores Awards shortlist

Best shops

Across the country, 100 businesses, including three from Waterford have been shortlisted for the Irish Times Best Shops 2016 Awards.


Waterford nominations span over three categories which include Best Food and Drink, Best Salon and Best Fashion Store.


Best Food and Drink

Ardkeen Quality Food Store, Dunmore Road, Waterford; Ardkeen Quality Food Store has developed a unique food offering of Artisan food and a previous Best Shops winner in 2014.



Best Salon

The Confession Box, Dunmore Road, Waterford; A new 'His and Hers' salon run by stylist Marina Hayes with an onsite barber.


Best Fashion Store

Muse, 92 The Quay, Waterford. Muse has established itself as one of the most successful independent women’s wear retailers within Ireland due to a winning combination of beautiful clothes and exemplary customer service


The Awards, now in its fifth year, is backed by AIB and this year’s competition attracted thousands of inital nominations across 32 counties.


This years Best Shops Award winners will be announced on August 27th.


Business After Hours at WLR


WLR broadcast center


Our next Business After Hours networking event takes place at WLR's Broadcast Centre. Come and see how radio is made and meet the presenters and people behind your local station.


WLR book earlyDate: Thursday, 8th September
Time: 5.00–7.00pm
Venue: WLR Broadcast Centre, Ardkeen
Cost: Free of charge


BOOKINGS: Contact Jemma at 051 311136 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .


See the launch of "WLR Creative Solutions" – a new way to advertise your business designed to engage, inspire and grow your customer base using radio combined with social media, digital on air- and on-street promotions.


Everyone that comes along to the Business After Hours will be entered into a draw to win €1,500 worth of advertising on WLR.


Just like WLR… everything's local. Food will be supplied by Walsh's Bakehouse & Paula's Delicatessen. Also enjoy Waterford's own Thin Gin Cocktails mixed by Davey Mac's award-winning mixologists, Legacy Irish Cider from Dungarvan and coffee by Coffee House Lane.


And live acoustic music from the brilliant Susan O'Neill in the Broadcast Centre Atrium.


It's a great opportunity to network and do business in relaxed surroundings.


WLR logo

Waterford's most listened to radio station is 27 years old. WLR was Ireland's Local Radio Station of the Year 2013 and is the dominant media force in Waterford. The station's share of the radio audience is considerably larger than that of the national and regional stations in Waterford and the quality and diversity of programmes attracts over 69% of all adults each week. WLR broadcasts 24 hours a day from state of the art studios in both Waterford City and Dungarvan.

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