The Minister for Housing, Local Government and Heritage, Darragh O’Brien, has emphasised that the level of social and affordable housing will continue to grow as he published data for social and affordable homes delivered in Q4 2022 and 2022 overall. The Minister pointed to a strong pipeline with over 19,000 social homes either onsite or … Read more
The Minister for Social Protection, Heather Humphreys, has announced details of a €410 million social welfare package to support families, pensioners, carers and people with disabilities. The measures announced in addition to the €2.2 billion of supports in Budget 2023, underlines the government’s continued commitment to address the increased cost of living being experienced by … Read more
In the twelve months leading up to December 2022, residential property prices climbed by 7.8%, according to the most recent data from the Central Statistics Office. 5,213 household purchases of homes at market rates were reported to Revenue in December, an increase of 0.8% from the same month in 2021. Overall, the median price of … Read more
The most recent rental report from the real estate website Daft.ie reveals that rents being sought on the open market in the last three months of 2022 were 13.7% higher than those during the same time last year. The average rent was 126% higher at €1,733 per month at the end of 2022 compared to … Read more
The Minister for Housing, Local Government and Heritage, Darragh O’Brien, has received government approval to draft legislation to support the remediation of apartments and duplexes with fire safety, structural safety and water ingress defects, constructed between 1991 and 2013. The legislation will provide a statutory basis for the establishment of a remediation scheme aimed at … Read more
Minister for Housing Darragh O’Brien will seek Cabinet approval today to draw up a scheme that would provide financial support to repair apartments with building defects. There are an estimated 100,000 such apartments in the country. The plan is anticipated to create support for the repair of structural issues, water intrusion, and fire safety issues … Read more
Only 41 properties were available to rent under the Housing Assistance Payment (HAP) scheme in the previous month, according to a new survey from Simon Communities. The HAP scheme is a monthly payment from the State to assist lower-income households. The Simon Communities Locked Out of the Market’s December report, which looks at 16 different … Read more
Following a peak of over 15% earlier this year, annual property price growth slowed to a 15-month low of 9.8% in October, according to new data. The Central Statistics Office (CSO) data showed that property prices increased 0.4% from the previous month in October, which was a six-month low. When compared to the previous year, … Read more
A new paper from the Economic and Social Research Institute (ESRI) suggests that if housing output increases by 10,000 units annually, house prices could decrease by as much as 12%. The study also discovered that rising output would not necessarily result in notable wage inflation in the construction industry. The government should include construction trades like … Read more
Thousands of people participated in a protest in Dublin to call attention to the nation’s housing crisis. The protesters demanded that the government take immediate action to address the housing shortage. The Raise the Roof protest comes just a day after the latest homeless figures hit a new all-time high, with nearly 11,400 people now … Read more
The Central Bank is scheduled to announce revisions to the mortgage lending rules on Wednesday. People can currently borrow just three and a half times their salary. There are also strict requirements when it comes to deposits required to secure a property. The stringent criteria have been criticised for keeping numerous potential purchasers out of the … Read more
According to new research released by Threshold, the national housing charity, and the Citizen’s Information Board found that tenancy termination is the most common issue for private renters, with vulnerable clients on fixed incomes most likely to be negatively impacted. Rent rises were also a major concern for renters, particularly those receiving housing assistance, having children, … Read more
The overall number of second-hand houses for sale has decreased by 26% since before the pandemic, according to new figures from real estate group Sherry Fitzgerald. According to the estimates, there were 15,300 houses for sale in July 2022, accounting for 0.8% of the country’s total housing stock. This is a decrease of 7,900 properties … Read more
The Minister for Housing, Local Government, and Heritage, Darragh O’Brien, has welcomed the progress being made by the Land Development Agency (LDA) towards delivering 265 new social and affordable homes at the former St. Kevin’s Hospital lands in Cork City. Enabling works have begun at the site. The Minister for Housing, Local Government, and Heritage, … Read more
According to Daft. ie most recent sales report, housing prices were largely stable between June and September. In the third quarter of this year, the average national listed price was €311,514. That is a 0.1% gain over the second quarter’s average and a 16% decline from the Celtic Tiger peak. The lowest average price was in … Read more