Irish property prices surge 8% as housing crisis deepens

Irish property prices surge 8% as housing crisis deepens

Irish residential property prices have climbed more than 8% in the 12 months to January, according to new figures from the Central Statistics Office (CSO). This significant increase comes as the Central Bank forecasts that the Government will miss its housing construction targets over the next three years. The CSO’s latest property price index reveals … Read more

Housing crisis deepens as planning approvals fall dramatically in 2024

Housing crisis deepens as planning approvals fall dramatically in 2024

Planning permissions for new homes in Ireland plummeted by 21% last year, with a particularly sharp decline in apartment approvals, according to new data released by the Central Statistics Office (CSO). The figures reveal that local authorities approved just 32,401 housing units in 2024, a significant drop from the 41,225 permissions granted in 2023. This … Read more

Female students offered accommodation in exchange for sex, survey reveals

Female students offered accommodation in exchange for sex, survey reveals

One in 20 female international students in Ireland report being propositioned for sexual favors in exchange for housing, according to a disturbing new survey by the Irish Council for International Students (ICOS). The comprehensive study of 512 international students exposes the severe accommodation crisis facing those who come to study in Ireland. Beyond the sexual … Read more

Government pledges €450m for 3,000 new homes amid funding debate

Government pledges €450m for 3,000 new homes amid funding debate

The Irish government is set to approve a €450 million funding package aimed at delivering 3,000 cost rental, affordable and social homes over the next three years, following a crucial Cabinet committee meeting on housing. However, the announcement has sparked immediate debate over overall housing budget allocations. The joint memo, to be presented by Public … Read more

Housing crisis deepens as HAP properties remain scarce across Ireland

Housing crisis deepens as HAP properties remain scarce across Ireland

A new Simon Communities report reveals severe shortages in Housing Assistance Payment (HAP) accommodation across Ireland, with several major urban centers reporting zero available properties within HAP limits. The December 2023 “Locked Out of the Market” study found only 46 properties available within discretionary HAP rates across 16 surveyed areas, marking a modest 10% increase … Read more

Young TDs push housing crisis to top of new Dáil agenda

Young TDs push housing crisis to top of new Dáil agenda

A new wave of Generation Z TDs elected to the 34th Dáil is already making their presence felt, with housing affordability emerging as their primary concern for the incoming government. Several representatives under 30, including Fianna Fáil’s Albert Dolan, Sinn Féin’s Louis O’Hara, and Labour’s Eoghan Kenny – notably the first TD born in the … Read more

Sinn Féin unveils ambitious €39bn plan to tackle housing crisis

Sinn Féin unveils ambitious €39bn plan to tackle housing crisis

Announcing its new housing policy plan, Sinn Féin has pledged to invest up to €39 billion in social and affordable housing over five years to address Ireland’s housing crisis. The plan, titled ‘A Home Of Your Own’, aims to deliver 300,000 homes from 2025 onwards, marking a significant shift in the country’s housing strategy. It … Read more

Ireland needs 60,000 new homes annually to tackle housing crisis

Ireland needs 60,000 new homes annually to tackle housing crisis

Ireland’s Deputy Prime Minister, Micheál Martin, says the country needs to build 60,000 homes a year to address its housing crisis. This target is 20,000 more than what’s expected to be built this year. Key Points: The Housing Finance Agency reports a 200% increase in financing approvals for new social and affordable homes in early … Read more

Housing Crisis Deepens as Government Withdraws Funding for Secondhand Social Homes

Housing crisis deepens as government withdraws funding for secondhand social homes

The Department of Housing is facing criticism for halting funding for the purchase of individual secondhand social houses. Approved Housing Bodies (AHBs) relied on the Capital Advance Leasing Facility (Calf) funding to buy homes for people with disabilities, larger families, and others with specific needs. Recently, AHBs reported that this funding has been “unilaterally stopped,” … Read more

Ireland Needs 44,000 New Homes Annually to Meet Population Growth

Ireland needs 44,000 new homes annually to meet population growth, says report

Dublin, Ireland – A new report from the Economic and Social Research Institute (ESRI) reveals that Ireland needs an average of 44,000 new housing units each year to keep up with population growth. This study, funded by the Department of Housing, bases its findings on projected population growth and demographic changes at the local level. … Read more

Rents rise 1% in first three months of 2023

According to a survey from real estate website Daft, market rents increased by an average of 1% in the first quarter of 2023 compared to the final three months of 2022, which is the smallest increase since 2020. Between January and March, the average market rent countrywide was €1,750 per month, up from €1,387 in … Read more

Property price growth eases to 15-month low

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