Showing posts with label Ireland. Show all posts
Showing posts with label Ireland. Show all posts

10 years in Ireland

Leaving South Korea

I worked at the CTO office of Hyundai Mobis - part of the Hyundai Motor Group - after completing my master's degree at Yonsei University. As one of six foreign employees among 250 new hires (also featured in news), I was responsible for in-house IT systems that supported over 10,000 overseas employees as well as manufacturing lines. Although I didn’t realize it at the time, we were essentially “on call” all the time, as we had to resolve issues for overseas subsidiaries as quickly as possible. 

Despite the decent pay, the lifestyle did not suit my personality or the way I envisioned living in  how I  in the long term. I felt the need to seek new challenges and pursue something I truely like to do. 

I had always dreamed of going abroad, such as a country does not speak my native languages, and with nothing to lose, I began reaching out to potential supervisors and research labs to explore my PhD opportunities. Fortunately, I ended up with two great opportunities in the field of Knowledge Graphs or Semantic Web at the time. Both Prof. Amit Sheth and John Breslin were no doubt overly outstanding supervisors for me, and choosing between the U.S or Ireland was the problem. After living in densely population countries, ultimately, my instinct somehow led me to University of Galway, Ireland. 


PhD Life in Galway

I still vividly remember my PhD advisor picking me up and giving me a ride to my accommodation on the first day, bringing a handful groceries to help me get started. After living in Seoul for four years, Galway felt small but peaceful - an ideal place for research, in my view.

The first two years of my PhD were personally challenging, as I had to shift my mindset from "being told what to do well" to "figuring out what I want to research". Taking the ownership of a four-year research project was a major transition. However, it was undoubtedly worth it, as becoming an independent researcher with deep expertise in a very specific domain is the ultimate goal of a PhD. Overall, PhD "advisor" instead of "supervisor" relationship has been worked well after two years, with continuously changing and refining what I want to do and focus during my PhD. During this period, I was also fortunate to participate some W3C groups and had a chance to meet Tim Berners-Lee during one of face-to-face meetings in Paris.

Observing how my PhD advisor worked - especially his mindset in dealing with rejections, whether from paper or proposal submissions - was beneficial at the time as well as nowadays. While rejection is always difficult, I learned the value of focusing on constructive feedback and using it to improve for the next attempt. It is also inspiring to work in the same lab with Sebastian Ruder, seeing how he persistenly targeted top-tier conferences like ACL and EMNLP again and again until finally getting started to be accepted, growing into one of the most influential researchers in NLP through persistent and consistent effort.

One characteristic I wish I had embraced more fully is effective time management and working with greater efficiency, and staying open to new opportunities with a positive mindset. I believe this quality is part of why my PhD advisor is not only a well-established professor but also with many other profiles such as a co-founder of several companies and impactful initiatives, advisor of start-ups, and author of best-selling books.

Looking back, I feel truly fortunate to have spent four years at DERI and later the Insight Centre at University of Galway, working alongside so many talented people and advisor.


Bell Labs

At the point of finishing my PhD, just like any major transition, I had to decide what to do next. 

After submitting numerous job applications focused on research roles, I was fortunate to receive a few offers, including postdocs and a research scientist role at a reserch lab. As a long-time admirer of IBM - particularly for its achievements with Deep Blue and Watson - I explored several industrial research labs, including IBM research. Life doesn't always gives us what we want - but sometimes, it gives us something closer. Interestingly and somewhat unexpectedly, I ended up at Bell Labs

At the Dublin office, the entrance was decorated with 10+ replica Nobel Prize medals. I'm not  sure if every Bell Labs office had the same setup, but seeing them every day was incredibly motivating.

It was rewarding experience to work alongside both system reseachers and algorithms resechers - two very different research areas - collaborating to solve realworld business problems. Although the workload is demanding, one thing I recall from my tech lead stuck with me still: "It is way better to be busy than to feel underutilized". 

I also had a moment of personal reflection when I noticed him meticulously preparing notes and rehearsing for presentations, while I had been making execuses for myself, blaming my struggles on not  being a native English speaker. That moment taught me a valuable lesson: success does not depend on background alone - it requires consistent effort. If we want to do something well, we all need to put in the work. Practice really does make perfect!

At Bell Labs, I worked on AIOps, a completely different area from my PhD research. I once heard someone say that it's good to change the research focus at least once after completing a PhD. This experience gave me valuable perspective and helped me understand how different research communities work differently - for example, in terms of publication styles and the  peer-review process.

Two years later, the Bell Labs site in Dublin shut down. Once again, it was time to make another life decision.


Maynooth University 

Many researchers who have completed a PhD often wonder what an academic life looks like. At least for me, it was something on my bucket list. In recent years, many universities in Ireland have started collabrating with universities in China to establish international colleges, aiming to bring EU pedagogy abroad. This opportunity at Maynooth was ideal for me, as I also wanted to visit my sick parents in China as often as possible during the Covid19

It was a valuable life experience and truely joyful to see students learn, grow, and graduate with significant achievements. Many of them wento on to pursue a wide range of paths, with much brighter futures than mine, both in China and internationally - at institutions like CMU and Cambridge.

It was also a great opportunity to understand how the academic system works. Beyond research, I learned how much time is spent on writing funding proposals, managing admin duties, and handling teaching responsibilities, including lectures, tutorials and labs etc.  After experiencing the difficulty of writing and facing numerous proposal rejections, I became even more grateful for the PhD funding I got from my advisor and SFI and SAP:)

After three years, both my parents passed away, and with my kid growing, spending half a year in China no longer suited our family. I needed to find a more stable job, and I decided to return to industry. It is funny though how underappreciated one can feel when you moving between the public and private sectors. Despite some challenges in switching the sectors, I’m still glad I gave the academic life a try, just like I gave PhD a try. If I had not, the open loop would still be lingering in my mind today.

Dell Technologies 

Another open loop in my mind during my academic carrer was gaining experience with EU-funded projects suchas FP7 and HORIZON EUROPE. I was fortunate to land a role at Dell Research - something I hadn't even known existed before in Ireland. It is a small scale specialised team focused on developing EU proposals as well as other national research proposals, and executing funded projects. The role felt like a perfect fit for me: although it was in industry, it naturally required many of the skills from I had developed in academia. 

It turned out to be a great learning experience. I had a high degree of autonomy to explore research topics and collaborate with a wide range of partners, from big companies like SAP to well-established academic institutions such as ETH Zurich, as well as SMEs and organizations like W3C.

During this time, I was fortunate to work with top researchers from ETH Zurich, and gained firsthand experience in how EU projects are structured, managed, and evaluated. More importantly, I also acquired valuable skills in software development and deployment, particularly around building and deploying microserivces, and exposing as REST APIs - skills that are essential in the tech industry today.

The freedom and ownership I had over both research and development provided countless opportunities for personal and professional growth. I deepened my understanding of LLM-based agents, and co-authorized four patents, with my mentor - Dr. Said Tabet who was also involved a lot in Semantic Web research community in its early days like SWRL and the SEMANTiCs conference.

One phrase from my project lead that has stayed with me is: "The best time to learn something is when we don't need it." . That really resonated with me. If there is something you hope to do in the future, the best time to start learning and preparing for it, is NOW.

Moving forward

Ten years have passed quickly. It feels as life has gently guided me, ticking off items on my bucket list one after another. Or perhaps, deep down, I had an unspoken desire - a drive to move forward because each of these steps represented an open loop I wanted to close. Either way, I am deeply grateful to God for allowing me to go through these experiences and for the chance to work with so many talented people. Beyond the technical knowledge I've gained from them, what's been even more meaningful are the small but powerful phrases they've shared - moments of clarity that have changed my perspective and attitide - and the way they approach life's ups and downs with resilience and grace.

During these 10 years - and really, throughout my life, just like any people, there have been many challenges: securing a PhD offer, getting a job time and again, having a kid during my PhD, juggling work and parenting through Covid, and coping with the loss of parents. There have been countless trials and failures, moments of doubt and struggle. But tiime and again, things have eventually worked out. It turns out at the end , everything gonna be OK, if its not OK, its not the end yet.

One of my favorite books - and currently my bedside companion - is "How to stop worrying and start living" by Dale Carnegie. One particular phrase from it has become a daily for me:
"God grant me serenity to accept changes that I cannot change,
the courage to change the things I can,
and the wisdom to know the difference."

This prayer reminds me to find peace in uncertainty, strength in action, and clarity in decision-making. And perhaps that’s the essence of what this journey has taught me: to embrace the path, however unpredictable, and keep moving forward with faith, gratitude, and intention. 

Residential Property Price Index March 2023 - The national Residential Property Price Index increased by 3.9% in the 12 months to March 2023

The Central Statistics Office (CSO) released the Residential Property Price Index for March 2023, which shows that the national residential property index increased by 3.9% compared to 12 months ago. 

The good thing is that the 12 month-increasing rate slowed down in the past months as we can notice from the figure below. But still note that 3.9% increase still indicate the house price is increasing. The prices in Dublin rise by 1.7% and prices outside Dublin are up by 5.7%.


Dublin House Prices

If we delve into more details about the Dublin areas, especially houses, we can see that the house prices in Dublin City decreased a little bit. In contrast, we can also notice that South Dublin house prices are still increasing over 6% each month compared to that of 2022.

 




Available Properties

If we look at the number of available properties on Daft.ie, we can easily notice that the stock level is not increasing during the last couple of months. Normally, there should be some increasing trend during the January and Feburary, and the number should be increasing from May to the end of the year in the past years. 

If we look at the increase of the number of properties during the last year, the trend is obvious. However, the trend seems does not hold anymore and the stock level has been steady for both nationally and Dublin, and it seems like the stock level will not go up as usual. This might in turn give an upper pressure to the prices of properties despite of the increasing mortgage interest rates, particularly in the South Dublin areas. 





Ireland ranked #14 in the recent World Happiness Report 2023

In the recent World Happiness Report 2023, Ireland has been ranked 14th around the world. The top-3 happiest countries around the world are Finland, Denmark and Iceland, respectively.

The report is based on six variables below:
  • GDP per capita, 
  • social support, 
  • healthy life expectancy, 
  • freedom, 
  • generosity, and 
  • corruption




If we look into details about what kinds of variables contributed to what extent for the rank of Ireland, we can notice that GDP per capita plays a significant role. In contrast, the "dystopia+residual" part seems to have a lower score compared to other countries.
 

Irish Residential Property Price Index - January 2023

The CSO (Central Statistics Office) just published the residential property/house price index of Ireland in January 2023. The increasing rate of the residential property price is decreased again to 6.1%, compared to the last January.


Residential Property Price Index 12 month % change



  • The national Residential Property Price Index (RPPI) rose by 6.1% in the 12 months to January 2023, with prices in Dublin rising by 4.3% and prices outside Dublin up by 7.4%.

  • In January 2023, 3,675 dwelling purchases by households at market prices were filed with the Revenue Commissioners, up by 4.4% compared with the 3,519 purchases in January 2022.

  • The median price of a dwelling purchased in the 12 months to January 2023 was €305,000.

  • Non-household entities purchased 13,519 dwellings at market prices in 2022, an increase of 15.1% on the 11,749 purchases made by them in 2021.
  • Non-household entities in the NACE sector K: Financial & Insurance purchased residential dwellings with a total value of €1,562.6 million in 2022, more than in any other NACE sector.
  • In 2022, dwellings with the total value of €356.9 million at market prices were purchased by non-household entities with an address outside of Ireland

Residential Property Price Index - Historical Trends


  • Looking at the historical trends, the price in January 2023 also decreased from last month. 
  • The national index has now reached the value of 167.7, which is 2.5% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 7.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 2.4% higher than their May 2007 peak.




Recent Months in Dublin



  • Base 2015 = 100
  • If we dig into details of Dublin, the residential price has been decreasing during recent months from the final quarter of 2022. Similar trends can be observed for sub regions of Dublin for both apartments and houses. 
  • The price of DLR - houses has been decreasing the most compared to others, in line with the overall decreasing trend in Dublin - all. This should include the highest Eircode such as AY94, which has been the most expensive Eircode in Ireland. And usually we can observe the upper market starts to have the easing of the price.
  • The price for South Dublin - houses remain higher compared to others, and started decreasing in January. 
  • With the peak points higher than others, the prices for South Dublin - houses and Dublin apartments have been increased quite higher compared to others.

Given the easing of the price increase observed so far, it would be interesting how the property price inflation goes during this year 2023. Do you feel the house price is stabilizing or decreasing recently?

Which months are good for selling or buying house/property in Ireland?

 


As for buyers, there are four months in a year might be good for buying properties. 

  • January
  • July
  • August
  • December
Those months are relatively quiet period, which means there tends to be relatively less biddings. Of course, on the other hand, there might be less available homes, e.g., on December and January, available on the market.


As for sellers, the following information sheds some lights on how to make decisions:
  • January: "In January, people tend to have a bit more motivation to buy," says Stephen Day, divisional director of residential sales at Lisney. "When it gets to the new year, all of a sudden they really want to commit." [1]
  • February: There is a flux of properties into the market and then once you get to mid-February, there is a steady flow.
  • April: The amount of exemptions banks could offer ran out as early as April in 2018. So selling early in the year when buyers may have access to bigger budgets can also shape the price you achieve.
  • May: the stock level should be increasing till the end of the year
  • November: great for sale, as people don't want to go for another year of the purchasing journey and want to focus.

Have you sold or bought a house/property in Ireland? What is your experience or feeling during the journey of selling/buying house/property?

Related articles:

1. What is the best month to sell your home to get the maximum price?

2. Irish real estate expert reveals when the best time to buy or sell will be in 2022

How to know it is a good area when purchasing a property in Ireland?

One of the common questions when purchasing a property is the area, which might be an important factor to make a final decision on top of the price and condition of a property. In this post, I will briefly introduce the Pobal HP Deprivation Index, which could provide a good overview of different aspects regarding an area of your interests. Although things can change and the people living in that area can change as well as time goes, this at least gives a good reference with public data collected in a certain year.

What is Pobal HP Deprivation Index?

The Pobal HP Deprivation Index is a series of maps measuring the relative affluence or disadvantage of a particular geographical area in the Republic of Ireland, using data compiled from various censuses. 



How to know whether it is a good area when purchasing a property in Ireland using the Pobal HP Deprivation Index?

The website (click the hyperlink) provides a great visualization about the index using different datasets from various years. 

You can zoom in to an area of your interests and click the button highlighted in red below on the right top area of the page, which allows you to select one of the data sources. 



For instance, the updated screenshot below shows the results when we choose the "2016-By Small Area" data source for our visualization. You can choose different data sources and have a look based on those sources.


The colors represent the degree of affluence in that small area, e.g., the orange color indicates "extremely disadvantaged" while the dark blue indicates "extremely affluent".



You could also click a specific small area to delve into details about that area. For example, the figure below shows some useful statistics about the chosen area such as:
  • Total population
  • 3rd level education percentage
  • Local authority rented/Social housing percentage 
  • Unemployment rate (%)
  • ...
  • ...


As you might expect, normally speaking, the property/housing price tends to be higher in those affluent areas when you look at prices listed on Daft.ie compared to less affluent ones.

It would be even better if there is data about recent years, but the most recent year seems to be 2016. So there might be some changes of the areas during the past years as well. Leave a comment or share the post in case it is helpful!

The Manor, 3 Crumlin Village, Crumlin, Dublin 12 105 m²








 

BROCK ART STUDIO, 17 Carysfort Avenue, Blackrock, Co. Dublin 280 m²



 

12 Morehampton Road, Donnybrook, Dublin 4 428 m²



 

9 Rathmore Villas, Terenure, Dublin 6 97 m²


 

12 Susanville Road, Drumcondra, Dublin 9 63 m²3597578 12 Susanville Road, Drumcondra, Dublin 9 63 m²




 

29 Alma Road, Monkstown, Co. Dublin 433 m²






 

Woodford, Booterstown Park, Booterstown, Co. Dublin 455 m²


 

Carrickmoleen Killiney Hill Road Killiney, Killiney, Co. Dublin 415 m²







 

Tignabruagh Saintbury Avenue Killiney, Killiney, Co. Dublin 147 m²




 

Ceiliurlann, Leopardstown Road, Leopardstown, Dublin 18 208 m²



 

37 Bushy Park Road, Rathgar, Dublin 6 312 m²


 

47 Castleheath, Swords Road, Malahide, Co. Dublin 60 m²


 

Summerhill Marino Avenue West Killiney, Killiney, Co. Dublin 701 m²







 

Tragara, Nerano Road, Dalkey, Co. Dublin 290 m²