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…

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…

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…

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…

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…

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…

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,…