Latest Irish Property News
Irish Government Unveils €1 Billion Housing Package to Boost Development
The Irish government announces a €1 billion housing package, including subsidies for cost rental homes, increased grants for refurbishing vacant and derelict homes, and exemptions for development levies, aiming to kick-start the construction of up to 80,000 new homes.
Increase Grants for Renovating Homes
Ireland’s Minister for Housing, Darragh O’Brien, proposes increased grants for renovating vacant homes, expanding eligibility to address rising building costs and support cost-rental property development.
Rich Keep Getting Richer: New Survey Shows Inheritance is Key to Wealth in Ireland
The Household Finance and Consumption Survey (HFCS) reveals an unequal distribution of wealth in Ireland, with inheritance playing a significant role in wealth accumulation.
Residential Property Prices Rise by 5% Nationwide in the 12 Months to February 2023
The Central Statistics Office (CSO) revealed that the national Residential Property Price Index (RPPI) increased by 5% in the 12
Ireland’s Central Bank Governor Addresses Mortgage Cross-Subsidisation Amid Low Deposit Rates: A Dáil Committee Insight
The Governor of the Central Bank, Gabriel Makhouf, stated that low interest rates paid by Irish banks on customer deposits effectively support mortgage holders, emphasizing that the Central Bank will not intervene in the minimal returns offered to savers.
Irish Government Boosts Social Housing Acquisitions to Combat Homelessness and Support Tenants Facing Eviction
In response to the rising emergency accommodation demand, the Irish government plans to increase social housing acquisitions from 200 to 1,500 in 2023, aiming to prevent homelessness and support tenants facing eviction.
Land Value Sharing Bill May Disrupt Housing Supply, Warns Savills
Stakeholders, including Savills Ireland, express concerns over the proposed Land Value Sharing Bill, warning it may disrupt housing supply and increase costs, as Ireland grapples with a housing shortage. Collaboration is urged for a better policy framework.
Housing Units Planning Permissions Drop by 20.5% in 2022, With Apartments Hit Hardest
Uncover the recent decrease in planning permissions for dwelling units in Ireland, with a notable decline in apartment permissions, posing potential challenges for meeting the country’s growing housing demand.
Vision Capital Calls for Major Changes at IRES Ahead of Annual General Meeting
Vision Capital, a significant shareholder in Irish Residential Properties REIT, raises concerns about the company’s effectiveness and corporate structure, suggesting a transition to a private entity to better address Dublin’s housing shortage.
Irish Mortgage Rates Surge in January, Remain Below Eurozone Average
Discover the recent rise in Irish mortgage interest rates, reaching the highest level since October 2019, while still remaining competitive compared to the Eurozone average, as France and Malta report lower rates.