Property Investment

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…

Usually the property market news starts to slow at this time of the year, with a distinct year-end, wrap-up tone shining as positive a light as possible. Not so, this year. Earlier this week the Irish Property Owners’ Association (IPOA) attended before the joint Oireachtas committee on housing, which was conducting pre-legislative scrutiny of the…

The recent challenges faced by An Bord Pleanála have led to significant disruptions to housing delivery; this will not come as news to anyone reading this today. Over the past week, The Irish Times has taken a deep dive into the consequences and real market impacts of the chaos that originated from governance issues, culminating in a…

Earlier this year the Cabinet approved the Planning and Development Bill 2023 and, this week, the Government published the latest draft of the Bill, which is the third largest piece of legislation in the history of the Irish State. The Business Post has published a helpful ‘explainer’ article about this. The new Planning and Development Bill 2023…

A Path to a Healthier Irish Rental Market Recently, a senior planning official described the ongoing situation in Ireland as “not a housing crisis”, but rather “affordability crisis”. He was right, sort of…  Yes, Ireland has an affordability crisis, but that persistent lack of affordability is dampening the delivery of new supply, resulting in a…

It is becoming increasingly clear that Ireland’s regional cities and towns hold untapped potential for tackling our current housing crisis – although our ‘housing crisis’ is emerging as more of an ‘affordability crisis’ right now. The call for strategically-located residential development has never been louder, and there is a clear and significant opportunity for homebuilders…

The controversial Residential Zoned Land Tax (RZLT) is proving to be a bigger headache for the State than previously expected, with Dublin City University (DCU) amongst the latest landowners to challenge findings by An Bord Pleanála that their properties are liable for the new tax, which is set to come into force in 2025.  The…