Search Results for 'development finance'

Property insights with Johnny Gannon, Fair Deal Property

Budget 2027 is broadly to be welcomed. The Government has committed €9.4 billion to housing next year, and it is investing in the water, roads and planning capacity that decide whether homes get built at all. That deserves to be applauded.

Ireland's housing crisis has become a moving crisis, and we must begin treating it as such. We rightly talk about new supply, affordability and the challenge facing younger buyers. But a healthy housing market does not work only by adding homes at one end. It also depends on people being able to move through it at every stage of life. Today, too many households are stuck because the right alternative does not exist. Movers hold the key to freeing up vast swathes of housing stock, but they are not being assisted or incentivised to move.

Give the Government its due: real strides have been made on the two problems that dogged housing delivery for a decade. Infrastructure investment is finally flowing and the rezoning of land is at last being tackled seriously. Over the next twelve months I expect an ample supply of zoned, serviced land to come on stream. That is a big win. But solving land only exposes the next bottleneck, and it is a serious one: money.

Property insights by Johnny Gannon, Fair Deal Property

The Irish construction sector is experiencing a fundamental shift that deserves far more attention than it's currently receiving. After years of post-pandemic recovery and ambitious national housing targets, we're now witnessing a slowdown driven not by falling demand — demand remains exceptionally strong — but by something far more problematic: the economics of development are breaking down.

To understand why housing in Ireland remains so stubbornly scarce, you first have to understand what the Irish economy is actually built to do.

Elkstone, Ireland’s leading alternatives investment specialists, and Harrison Street, a global real assets investment management firm, this week announced the development of a new 345-bed purpose-built student accommodation (PBSA) at Queen Street in Galway. The project is due for completion in 2026 and forms part of a wider partnership to deliver 1,500 purpose-built student beds across Limerick, Cork, Dublin, and Galway by 2028.

Speaking at the recently hosted Policy Forum for Ireland, chaired by Senator Mary FitzPatrick, CEO of Initiative Ireland, Padraig W Rushe has called for additional measures to fast-track affordable housing supply following publication of Initiative Ireland’s Housing 2021 Report.