Posts by Laura

Earlier this week The Irish Times reported on a letter sent to the Housing Minister by Irish Institutional Property (IIP). In the letter, IIP points out the ‘severe risk’ posed by the new Planning and Development Bill to the 38,000 homes currently in the planning pipeline. The Planning and Development Bill 2023 is a huge…

The Residential Tenancies Board (RTB) published the Q3 2023 Rent Index Report this week. Generated in conjunction with the ESRI, the latest data provides useful indicators that track price developments in the private rental market, shining a light on key trends and regional market dynamics. The figures reveal significant rental price growth in Ireland, with…

A year ago, the introduction of the new Planning and Development Bill was met with cautious optimism, with the Bill being hailed as a “radical overhaul”, offering much-needed relief from the crippling complexities of Ireland’s planning system. All stakeholders involved – from housing bodies to regulatory agencies, local authorities, private developers and citizens – highlighted…

How involved is too involved? Most weeks I use this opportunity to share the experiences of the Lotus team on the ground or to relay the stories and situations we hear from our home builder and investors clients who are trying to deliver vital new homes and buildings all around the country. But not this…

There have been several house prices reports issued in the first few weeks of the year that include availability figures for rental properties around the country; none, to date, have painted a particularly positive picture for tenants. Looking ahead, the residential rental market in Ireland is experiencing a shift, according to an article in the…

A recent study by Eurostat, alongside insights from Ronan Lyons writing in TheCurrency this week, indicate a few trends emerging across the Irish property marketplace that contrast with the wider European marketplace. According to Eurostat, while house prices in the 20-member eurozone fell by 2.1 percent and 1 percent in the EU during the third quarter of…

Happy New Year to all, it is difficult to believe that we are entering 2024. The new year  generally prompts a new look at the marketplace; 2023 was an interesting year with expected and unexpected challenges and opportunities. Based on the most recent data and forecasts, it looks like we can expect another year of…

2023 has been a mixed bag for the industry and for the wider Irish economy. As we enter 2024, the Irish economy presents another fairly complex picture. Despite entering its first official recession in more than a decade, there are nuanced dynamics at play. Sarah Collins had an interesting composite article in the Irish Independent…

As we approach the end of another year, one that presented more than a few unanticipated challenges for the industry, there appears to be some encouraging news for home builders. Unfortunately, the same cannot be said for Ireland’s commercial property market, which has seen a decline, with the total investment in 2023 dropping to €1.76…

Recent data from the Central Statistics Office (CSO) offers a mixed picture of the Irish property market as we approach 2024. The most striking trend in the current market is the regional variation in house prices. Counties Clare, Limerick, and Tipperary have experienced the highest annual increases at 6.2 percent, signaling a robust demand in…