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Sunday Property Round-up June 15th 2025

Weekly Irish property market news and insights – for the industry, by the industry  

Message from Carol Tallon: 

‘Greystar has ‘no plans’ to develop student accommodation in Ireland due to viability challenges’

‘We won’t build for the craic’ – Why Rick Larkin’s Twinlite is quitting residential building

These headlines from the Business Post will likely read like a slap in the face to the Housing Minister who  – after a stepping up on the planning front in recent weeks – compromised doing the right thing this week. And like all compromises, no one is happy…  

Reform of Ireland’s rental sector dominated industry news this week. In addition to the usual Newstalk and iProperty Radio commentary, I joined Chair of the Oireachtas Committee on Housing Micheál Carrigy TD, together with Paul Murphy TD, Michael Byrne and Marcus O’Connor on The Tonight Show to discuss the extension of RPZs across the country. It is the stepping-stone move we needed two years ago to equalise treatment of rents across the country, but coming this week, it felt like a missed opportunity to make the difficult decisions needed – making politics rather than policy. With the mountain of commentary, for this week’s Round-Up, I have selected  the most comprehensive views expressed by the various interest groups: Non-institutional landlords, institutional landlords, tenants, developers and smaller homebuilders. The Irish Times sums it up best: ‘Tenants and property owners find themselves in an unlikely alliance in opposing proposed changes, albeit for different reasons’. The Currency has some excellent, and balanced, analysis, which I have also included for context.

?Maybe reform of the rental market should take a secondary position to driving initiatives for increasing homeownership across the country? 

CSO data shows the wealthiest 10% of households in the State have a net wealth, over debt, of at least €1,024,000, up from €838,000 in 2020 and the highest ever recorded. Property and homeownership vs. being stuck in rental (or worse, not even being able to rent a home, but only a room within a shared home) is driving this wealth divide. We need to get home ownership initiatives back on the agenda.

The real impacts of development delivery were laid bare  by a Wexford hotel developer this week following a three-year delay in securing planning: “It turned a project that would have been hard work to begin with into an impossibility. Unfortunately, there was just no way we could justify the cost…” full story within. 

*There are approx. 16 membership and trade bodies contributing to delivery of Ireland’s built environment and they are not currently rowing in the same direction; pitting one discipline against another is diluting policy and this is to the detriment of housing and infrastructure enablement and delivery. 

Let’s see what we can do to address this… carol@caroltallon.com 

PROPERTY DISTRICT PRESS OFFICE 

Below are the local and international stories that might be of particular interest

    • ‘Radical reset’ of housing policy needed as targets to be missed by 10,000 again this year and will fall short for the next several years: Officials in the Department of Housing have warned Minister James Browne that the number of new homes built this year is likely to fall ‘somewhere in the low 30,000s’, compared to a target of 41,000 https://extra.ie/2025/06/09/news/housing-targets-exclusive

    • State has strangled Housing and infrastructure delivery in well-intentioned red tape

https://breakingground.news/state-has-strangled-housing-and-infrastructure-delivery-in-well-intentioned-red-tape/

    • The wealthiest 10 per cent of households in the State have a net wealth, over debt, of at least €1,024,000, up from €838,000 in 2020 and the highest ever recorded. The wealth divide was highlighted in the latest household finance and consumption survey from the Central Statistics Office (CSO), which found that the bottom 10 per cent of households have a net wealth of at most €2,400. The figures, which relate to 2023, show that more than two-thirds, 67 per cent, of all households owned their main residence in 2023, either with or without a mortgage. https://www.irishtimes.com/business/2025/06/11/wealthiest-10-of-irish-households-have-net-wealth-in-excess-of-1m/

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/sunday-roundup/  As always, you might let me know if I have missed out on any relevant property news by emailing  carol@propertydistrict.ie.

PLACEMAKING: https://placeengage.com

Open public consultations and community engagement, in association with the Public Consultation Institute of Ireland

    • Beautiful – Sustainable – Together: Aligned with Aarhus Convention transparency and New European Bauhaus principles, PLACEengage empowers communities, planners, and developers across Ireland’s public and private sectors to collaborate more effectively — Learn more at www.PLACEengage.com PLACEengage: Better placemaking, together.

Rural & Islands

 

CONSTRUCTION: https://breakingground.news

    • Developers and builders have lodged enough building commencement notices since 2023 to deliver 51,000 homes this year: As many as 19,000 apartments are “shovel-ready”, according to construction consultant Paul Mitchell of construction consultancy Mitchell McDermott, which is carrying out the research. Mr Mitchell welcomed last week’s moves by the Government to reform the rental cap. But he warned that more needs to be done to encourage developers to begin work on sites where commencement notices had been lodged since 2023 – double the normal figure https://m.independent.ie/business/irish/rent-changes-wont-kick-start-the-building-boom-the-country-needs-developers-warn/a1015344781.html

    • An Bord Pleanala have refused permission for one of the biggest housing proposals planned for Cork’s reimagined Docklands area, with concerns over the ‘bulk’ of apartment blocks. The planning board met on May 26 to discuss the plans for 823 apartments over six blocks, ranging from one to 35 storeys tall. The board ruled to refuse Tiznow Property Company Limited’s ambitious project at the former Tedcastles Yard on Centre Park Road. https://www.corkbeo.ie/news/property/apartment-complex-35-storey-tower-31813938 

BGN #ConstructionCareers

    • BGN Construction Careers, your weekly newsletter from Breaking Ground news, keeps you updated on the latest job opportunities, while showcasing the very best employer brands and projects, across Ireland’s construction industry. Whether you are looking for your next role or planning your career path, stay connected with us for new openings, upskilling opportunities and industry news.

Get all the latest job details straight to your inbox: Sign up https://breakingground.news/sign-up-form/

    • In-house, the Property District team has been working on Ireland’s first B2B ‘Top of Mind’ survey of construction brands—including MMC companies—in order to position contractors not by turnover or sector, but by employer appeal and supply chain experience. To get involved, please email Katie@propertydistrict.ie 

PODCAST:  

Produced by Katie Tallon, with Hear Me Roar Media on sound https://hearmeroarmedia.com

All Breaking Ground episodes – https://ipropertyradio.com/breaking-ground/

Check out all other iProperty Radio podcasts – https://ipropertyradio.com/

REAL ESTATE: www.irishrealestate.news

Residential 

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Property of the week 

Commercial 

PODCAST: The Property Roundup on iPropertyRadio.com

Building the Next Generation of Mortgage Technology

In the latest ‘Property Roundup’ on iProperty Radio, we come to you from the tech HQ of OnlineApplication.com with founder Karl Deeter. We discuss why brokers handle about half of Ireland’s mortgage market and provide better outcomes for buyers than going direct to banks.

He also criticises Ireland’s planning system and NIMBY-ism, noting the country’s ability to solve housing emergencies when motivated (COVID and Ukrainian refugee accommodation) and questions why we are not applying the same urgency to the housing crisis now.

* OnlineApplication is changing Ireland’s mortgage industry by creating technology that processes applications in under 30 minutes with approvals often coming within an hour.

Check out OnlineApplication 👉 https://www.onlineapplication.io/

Watch: https://youtu.be/u5N229jJkIM?si=0wUTxc0AaxaOcZ6b 

Listen: https://open.spotify.com/show/5EyzgZSvR4hFk6umOWyDCv?si=25bae6aa51994a2d&nd=1&dlsi=d857a2b8f4904b7a

Produced by Katie Tallon MPRII, with Hear Me Roar Media on sound https://hearmeroarmedia.com

All Property Round Up episodes – https://ipropertyradio.com/property-roundup/

FACEBOOK group for homebuyers and investors in Ireland 2024: https://www.facebook.com/groups/IrishPropertyBuyers/ 

Further property resources at: https://www.amazon.com/Carol-Tallon/

PROPTECH & SMART CITIES: https://prop-tech.ie/

Proptech Ireland is updating the database of 2025 Irish technology providers for the built environment – sign up here: https://prop-tech.ie/register/  and email product or service details to hello@prop-tech.ie

    • Proptech Ireland: Ireland’s CONSTRUCTION and REAL ESTATE ESG technologies resource hub. Confused about how and where to start on your ESG journey? Contact us 👉https://prop-tech.ie

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PODCAST: The Proptech Hot Seat on iPropertyRadio.com

Reimagining Planning Through Innovation: What Ireland Can Learn from the UK Government’s PropTech Leadership and Housing Challenge?

In a recent episode of The Proptech Hot Seat on iProperty Radio, Proptech Ireland founder Carol Tallon chatted with Bridget Wilkins, Head of Adoption, Engagement and Innovation in Digital Planning at the UK’s Ministry for Housing, Communities and Local Government (MHCLG). This discussion delves into one of the UK government’s most progressive and results-driven digital planning strategies—might this provide a blueprint for innovation in Ireland’s own housing and planning system?

Further details: https://ipropertyradio.com/reimagining-planning-through-innovation-what-ireland-can-learn-from-the-uk-governments-proptech-leadership-and-housing-challenge/ 

🎧 Listen back or watch the full interview with Bridget Wilkins on The Proptech Hot Seat, iProperty Radio available now on https://youtu.be/ccOhaWrUElE?si=RNNgOGH45FVk5gHW 

Proptech Hot seat is sponsored by Proptech Ireland, the hub for innovators, investors and industry leaders https://prop-tech.ie/ 

Produced by Katie Tallon, with Hear Me Roar Media on sound https://hearmeroarmedia.com 

All Proptech Hot Seat episodes –  https://ipropertyradio.com/proptech-hot-seat/ 


INFRASTRUCTURE, ENERGY, ENVIRONMENT & BIODIVERSITY