Posts by Laura

The Irish property market continues to experience significant growth, with house prices rising by 8.9% in the first quarter of 2023 compared to the same period last year. This data comes from a recent report by proptech start-up Geowox, which provides insights based on sales prices rather than asking prices, offering a more accurate representation…

A recently commissioned  cost comparison study from Mitchell McDermot,  which found that the cost of constructing homes in Dublin is 15-30% higher than in four other comparable European cities, has been presented to the Cabinet this week. The study cited higher labour costs in Ireland as the key factor, but also noted that added features…

While we acknowledge the progress made in recent years, we have certainly been critical of many aspects of the Government’s performance on housing delivery and have repeatedly called for braver policymaking to address the core issue, which is lack of supply.   This week, we saw some brave and unpopular policymaking.  And it might actually…

The housing crisis in Ireland has evolved into a housing emergency, even if the Government of the day has yet to declare it as such. Every day, the media reports on how the persistent  shortage of affordable homes is leaving many people struggling to find suitable accommodation. A headline in the Irish Independent this week…

Amid the recent political wrangling over the ending of the rental eviction ban, the real issue at the core of Ireland’s housing crisis has been overlooked, that is, the lack of supply and a broken planning regime that is largely to blame.  An Bord Pleanála has just 70 inspectors and 15 board members to regulate…

It has been another revealing week for the Irish property market.  First, newly released figures show that the Department of Housing has failed to spend over €1 billion of its capital budget earmarked for housing between 2020 and 2022. The unspent funds could have provided an additional 4,000 social and affordable homes, which would have…

What goes up…  Ireland’s property market is experiencing a slight dip in house prices, according to the latest report from Daft.ie. The report shows that prices fell by 0.3 percent in the first quarter of 2023, the first time in a decade that a first-quarter fall in asking prices has been recorded. The average national…

With so much conflicting news and commentary about Ireland’s rental market over the past few weeks, it was great to get some on-the-ground insights at the Irish Home Builders Association housing conference this week.  Most shockingly, Sherry FitzGerald confirmed that the rental market in Ireland has shrunk by 80,000 homes in the last decade. At…

Despite increasing talk of tax changes designed to keep landlords in the market – and indeed to incentivise new landlords – Tánaiste Micheál Martin confirmed that the Irish Government will not introduce any measures prior to Budget 2024, instead, the Government maintains that a “comprehensive package” addressing the rental sector will be introduced in the…

The big news this week is that the Government has decided not to extend the ban on evictions beyond the end of March. Instead, a range of new measures to address the housing crisis were announced, including phased protections that will remain in place for some renters until June. The decision not to extend the…