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’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
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
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
In a recent report by the Banking and Payments Federation Ireland (BPFI), the stark reality of Ireland’s housing crisis comes to light. The average income required to secure a mortgage has surged to €82,000, marking a record high. Alarming is the revelation that the average age of those seeking their first home loan has risen … Read more
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
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 cost of average private rents increased by 84% in the nine years leading up to last year, according to new research from the Economic and Social Research Institute. The study found from 2012 to 2021, the average monthly rent increased from €589 to €1,084 per month. The analysis concluded that this has resulted in … 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
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
The Banking and Payments Federation of Ireland has issued a warning that, despite a “significant” increase in housing supply, home prices are expected to rise in the coming months. The residential property price index has increased by 14.1% in the year to June, matching levels seen at its high in April 2007. In its latest … Read more
A students’ union has urgently pleaded with householders to let out a room to students in order to prevent what it calls a “higher education catastrophe.” The University College Dublin (UCD) students’ union said that an increasing number of third-level students’ on-campus experiences are “at risk” as a result of the “failure of successive Governments” … Read more
Ireland’s 10 largest landlords own about 17,000 homes and apartments. Irish independent Analysis reveals the huge impact institutional investors have on the property market in Ireland today. In less than a decade, these big investors have amassed tens of thousands of homes in Ireland, estimated at close to €8bn. Most of them have accumulated in the … Read more