Posts by Laura

Tender price inflation expected to drop from 12% to 5% in 2023

The start of the year is always packed with industry reports and forecasts, which are to be welcomed. Data is the antidote to uncertainty and property development in Ireland is already having to contend with uncertainty across policies and regulations right now, good information is the only dependable resource. This week infrastructure consulting firm AECOM…

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High Hopes for Ireland’s First Home Scheme in 2023

Already, 2023 is shaping up to be another ‘interesting’ year for Ireland’s property market. While would-be home buyers are seeing a 60 percent increase from last year in the number of properties on the market, prices in Ireland are unlikely to experience an increase in 2023 (UK property prices are expected to fall by up…

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Funding model for development of apartments in Ireland is broken

Happy New Year to all – it seems almost fitting that the first industry rallying call of 2023 should come from one of Ireland’s most respected industry stalwarts, Donald MacDonald, Director with Hooke & MacDonald estate agency in Dublin. Writing in The Irish Times this week, the seasoned agent, who has been a leading authority…

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Irish property: The boom that shows no signs of slowing

In our final note of 2022,  we can sum up each of the weekly, monthly and quarterly house price reports of the last 12 months by confirming that average property prices across Ireland have increased 130 percent over the past decade. Earlier this week the Financial Times published a piece about the Irish property market…

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Positive News for Home Builders

It looks like there might be some good news to kick off the new year for first-time buyers and for home builders as maximum property price ceilings under the First Home Scheme are set to increase.  As most here will be aware, the First Home Scheme was launched earlier this year and it is one…

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2022 policies did not fix housing and 2023 is not looking much better

As the year rounds to a close, 2022 has been confirmed by JLL as one of the most active on record for investment across Ireland’s commercial market, however, a six-month period of ‘wait and see’ has been forecast for 2023. 30 percent of all investment related to the PRS, which had its third largest year on record,…

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Important legislative changes impacting short-term lettings

It has been a busy week of news for the rental market, with the latest housing market monitor from Banking & Payments Federation Ireland (BPFI) showing that average rent in Ireland has increased by 82 percent since 2010. This is multiples greater than the EU average increase over this period of 18 percent. In fact,…

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‘Quarter of small landlords likely to sell properties in next five years’

Something can be shocking without being surprising, as was the case with the following headline, which appeared in the Irish Independent earlier this week: ‘Quarter of small landlords likely to sell properties in next five years’. This report relates to the preliminary results of new research by the Residential Tenancies Board, or RTB, which found that 25%…

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“If the BTR system is to go, policymakers must have a clear plan on how tens of thousands of new rental homes will be delivered…”

Earlier this week, Bloomberg reported that Ireland rents had “surged” as much as 24 percent, making it the fastest gain on record. Behind that bold headline is an average year-on-year rent increase of 14 percent in Q3. Despite the somewhat misleading headline, there were two very important points to emphasise from that global news piece; firstly, all…

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