Posts by Laura

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…

Here at Lotus IG, we support and champion the delivery of new housing in all its guises, from new development schemes right through to the re-imagining of existing buildings that can be turned into viable housing. Past decades have shown us that opportunities lie beyond the obvious. Now, the State appears to be ready to…

The Irish housing crisis has reached a critical point, with the rental sector being hit the hardest. Michael McDowell, writing in the Independent, points out that private landlords in Ireland are exiting the rental market due to rent controls, which limit rent increases to below inflation, and restrictions on the reasons for evicting tenants. The…

In its most recently published report, Sherry FitzGerald estimates that around 21,000 property transactions in the state’s residential market last year involved landlords exiting the market due to high taxes and complex tenancy laws. The departure of these landlords is deepening the already-chronic undersupply in the rental market. The estate agent expects the trend to…

“One in five said they would have considered keeping their properties if renting was more profitable, and a third said they would not have sold if there was less regulation….” According to two key indices published this week, the value of Irish investment properties decreased in 2022 and the decline accelerated in the last quarter…

The second step is to agree what that problem is – the Housing Commission has just taken Ireland a step closer to this. We have mentioned the Housing Commission here on several occasions. In the midst of the current housing crisis, this Commission is the industry’s hope for reason, for reasonable assessment of the marketplace…