Retail Resilience: Shifting Trends in Irish Commercial Property and Their Potential Impact on the Residential Market
It has been another interesting week for Ireland’s property market with attention turning to the retail sector following a few noteworthy deals offered, deals negotiated, and commercial court judgements – you can read more about any of these across The Irish Times and Independent this week, however, TheCurrency has some particularly interesting analysis to put…
Read MoreClient Briefing: Housing Department Review of Private Rental Sector – Key Proposals
Earlier this week the Department of Housing released its review of Ireland’s private rental sector, proposing a series of ambitious initiatives aimed at addressing the challenges facing both tenants and landlords. This ‘sweeping’ reform package touches on various aspects of the rental market, from rent regulation to investment incentives, and seeks to create a more…
Read MorePlanning Changes Impacting Housing Delivery: Client Update
It continues to be an uncharacteristically busy summer season on the property front. Latest data reveals that An Bord Pleanála is still grappling with a substantial backlog, despite significant additional resources being made available to the body. Over 1,000 planning decisions, impacting the delivery of more than 20,000 new homes, are pending for more…
Read MoreNew Population & Housing Data Billed as ‘Evidence for Policy’
But will that evidence be used to shape housing policy? The ESRI issued an important report this week painting a clearer picture of ‘Population Projections, the Flow of New Households, and Structural Housing Demand’ for Ireland in 2024. These newly released stats provide a useful, data-driven roadmap for homebuilders looking to leverage current opportunities in…
Read MoreUrgent Reassessment Needed to Bolster Dublin’s Rental Sector
After last week’s run of industry news reports, two of Dublin’s biggest agencies released further rental market data this week that points to the need for urgent action. Reports from property firms Hooke & MacDonald and Savills have highlighted the dire state of Dublin’s private rented sector (PRS), urging the government to reconsider rental cap…
Read MoreUnderlying Market Dynamics: New data from CSO, Sherry Fitzgerald, Turner & Townsend, Davy
It has been a surprisingly busy week for industry resorts, which is quite unusual for this time of the year. Data from the CSO, Sherry Fitzgerald, Turner & Townsend, Davy and others paint a dynamic yet challenging picture of the Irish marketplace, with significant property price increases, persistent demand for new housing, stubborn construction costs…
Read MoreWhat does it mean to ‘Build Green’?
As the demand for residential construction continues to surge in Ireland, the call for sustainable building practices has never been more urgent. The focus must move to creating spaces that are energy efficient and environmentally friendly, or ‘net positive’. The Irish Green Building Council (IGBC) CEO, Pat Barry, succinctly encapsulated this urgency, stating, “There’s no time…
Read MoreSupreme Court ruling edges Ireland’s towards a more efficient and predictable planning environment
At best, Ireland’s planning regime is problematic; at worst, it has been described by those navigating it as a ‘basket case’. The reality is that it is under-funded, under-resourced, and from a policy perspective, reflects the disjointed, cobbled compromises of the government of the day. Will the new Planning & Development Bill 2023 make this better?…
Read MoreWho Are You Building Homes For?
The Case for Private Sector Development of Smaller Schemes for Rightsizing Ireland is facing a demographic shift that will have significant implications for housing. With an ageing population, the need for suitable housing solutions for older adults is becoming increasingly urgent. By 2051, it is estimated that there will be 1.6 million people over the…
Read MoreHousing Commission Recommends ‘Reference Rent’ Reform
The long-awaited, and much speculated-upon, report of the Housing Commission, which was leaked in part earlier this week, was finally published in full yesterday (link below). This report is a major examination of Irish housing policy, and it says quite a lot in its 255 pages, but does it really tell us anything? Actually, it…
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