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Redress scheme could cost up to €2.5 billion (Stock image)

Call for building oversight to be strengthened

A housing expert has said building inspections need to be "beefed up" following the latest redress scheme announced by the Government over defective apartments built during the Celtic Tiger era.

Ireland • 21 Jan 23

Movements in the property market in 2022 were dictated by a lack of supply and pent-up demand for housing

2022 a turning point for the property market?

Steep price increases were registered across the residential property market for most of this year. But as the year came to an end, there were signs of a slowdown. Is it just a temporary phenomenon or is the market on course for slower price growth in 2023 and the years ahead?

Business • 30 Dec 22

Gently does it for now in declining property market

Gentle decline is not a description that's often applied to the continually contentious, vexing, unfair and undersupplied Irish property market, but that's where it's at according to the latest figures from the Central Statistics Office.

Analysis and Comment • 19 Nov 22

There's little expectation that property prices will fall in the next year - though the rate at which they are rising is predicted to fall

Home truths: Property price growth expected to continue

Many countries are bracing for a sharp fall in property prices in the next year, but a continued lack of supply means few are predicting the same for Ireland, writes Adam Maguire.

Business • 02 Nov 22

The median asking price for a home in the quarter stood at €320,000 nationally

Rate of increase in asking prices slowed in Q3 - MyHome

The rate of increase in asking prices for houses slowed during the third quarter, new data from property listings website MyHome.ie shows.

Business • 03 Oct 22

The average asking price for a home across Ireland during the three-month period stood at €311,514

Asking prices for homes static in third quarter - Daft

Asking prices for homes across the country were largely unchanged during the third quarter of the year compared to the previous three months, new data from listings website, Daft.ie, suggests.

Business • 26 Sep 22

Total stock available for sale on MyHome.ie is now up to 16,000

Liquidity in housing market improving data suggests

Liquidity in the Irish housing market is starting to improve, stockbroker Davy has claimed, based on new data released by property listings website MyHome.ie.ie.

Business • 13 Sep 22

The Tax Strategy Group says identifying vacant properties would be a particular challenge

Any vacancy tax should be applied nationwide - TSG

Identifying vacant properties for the purpose of imposing a tax on them would be a particular challenge, a report by the Tax Strategy Group (TSG) finds.

Business • 10 Aug 22

Almost 3,000 notices of termination were received in the first half of 2022

Rise in number of termination notices received by RTB

The number of termination notices received by the Residential Tenancies Board in the first half of the year rose by 58%, compared with the latter half of 2021.

Ireland • 08 Aug 22

Prices nationally are just 1.1% lower than their 2007 peak

Residential property prices up 14.4% in May - CSO

Residential property prices rose at an annual rate of 14.4% in May, down slightly from the 14.5% annual rate recorded in April.

Business • 12 Jul 22

State's role in the housing market has gone from about 11% five years ago to nearly 25% currently

First-time buyers facing 'less and less' choice

First-time buyers are facing less and less choice as the State is buying one in four new houses, according to a senior lecturer in housing.

Ireland • 29 Apr 22

Those looking to buy are having to reign in their plans due to rising property prices and shrinking disposable income

Rising cost of living impacting would-be home-buyers

More than half of would-be home-buyers say that the rising cost of living is having a negative impact on their plans to purchase a property.

Business • 11 Apr 22

The National Construction Training Centre in Mount Lucas hopes to train up to 2,500 workers in Retrofit and Near Zero Energy Building skills

Labour and material shortage may impact retrofit scheme

The Government's push to get hundreds of thousands of homes retrofitted has become more urgent, as the cost of fuel rises and the clock ticks down on climate action targets.

Ireland • 07 Feb 22

The National Asset Management Agency has generated €47 billion in cash since its inception, with €3.7 billion paid to the State

NAMA had €132m profit in first nine months of 2021

The National Asset Management Agency recorded a profit after tax of €132m in the first nine months of last year.

Business • 26 Jan 22

Home owners in Dublin and Cork can avail of the scheme (file)

Govt announces relaxation of mortgage-to-rent limits

A relaxation of limits on a mortgage-to-rent scheme for people at risk of losing their homes has been announced by the Government.

Ireland • 24 Jan 22

CBRE says that despite despite regulatory and policy changes the multifamily sector showed remarkable resilience last year

Investors 'frustrated' by Govt intervention in property

It is critical that further Government intervention in the multifamily accommodation sector is now curtailed to avoid large amounts of investor capital opting to move into other sectors

Business • 18 Jan 22

Tech and professional services occupiers continue to drive leasing activity in the office market, the report stated

Property investment values exceeded €5.5bn in 2021

Over €5.5 billion was invested in property in Ireland last year, according to an analysis of the market by estate agents Savills.

Business • 10 Jan 22

Davy estimates the final out-turn will be closer to €19bn

Spend on residential property topped €18.5bn last year

€18.5bn was spent on residential property transactions last year despite the Covid-19 pandemic, new preliminary figures from the Property Services Regulatory Authority (PRSA) show.

Business • 07 Jan 22

Ardguade Ltd is one of the holding companies behind Johnny Ronan's property group

Ronan group holding company recorded €30m loss in 2020

One of the main holding companies in the property group owned by developer, Johnny Ronan last year recorded a pre-tax loss of €30.34m.

Business • 18 Nov 21

Applications were submitted for 159 residential development schemes

Big jump in residential commencements in second quarter

Residential development commencements jumped threefold in the second quarter of the year compared to the same period last year.

Business • 05 Oct 21

Evergrande Group claims to operate more than 1,300 building projects across 280 Chinese cities

Evergrande: The firm that's put markets into a panic

Global markets wobbled this week, as the debt woes of a single Chinese property company sparked fears of a new financial crisis, writes Adam Maguire.

Business • 26 Sep 21

Today's move offers relief to jittery markets that had been on edge over fears that a default of China's second biggest developer could ripple through the global financial system

Evergrande to make bond payment, soothing fears

China Evergrande Group's main unit said today it would make an interest payment on its domestic bonds on September 23.

Business • 22 Sep 21

China's Evergrande Group has been scrambling to raise funds to pay its many lenders, suppliers and investors

China Evergrande shares plummet to 11-year low

Shares of Evergrande have today plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.

Business • 20 Sep 21

Padraig Rushe and Sinead Byrne of Initiative Ireland and Kevin Johnson of CUDA

Initiative Ireland plan gets backing of Goldman Sachs

Property finance platform, Initiative Ireland, has secured the backing of Goldman Sachs Asset Management for its latest financing project.

Business • 12 Sep 21

HWBC's Office Review shows an 81% decline in take-up of new office space in the past 12 months

Sharp decline in take up hits city centre office rents

Independent property firm HWBC said that Covid has meant demand for new space has been subdued, but that the lifting of restrictions and successful vaccine rollout has led to a marked increase in tenant activity for the second half of the year.

Business • 09 Sep 21