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ARTICLE · 20 MARCH 2017

Real Estate: Review 2016

Mason Hayes & Curran LLP
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One of the most active sectors in the Irish economy both publically and privately continues to be real estate.

IrelandReal Estate and Construction
Kevin Hoy
Kevin Hoy
Adam Hogg
Adam Hogg
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One of the most active sectors in the Irish economy both publically and privately continues to be real estate.

Many current challenges facing the Irish real estate sector continued, such as a housing supply shortage and issues in the rental sector. Attempts were made in 2016 to address these issues with the introduction of new legislation and governmental action plans.

Government's action plan on housing and homelessness - a prime opportunity for real estate development

2016 saw the publication of the Government's "Rebuilding Ireland – Action Plan for Housing and Homelessness" (the "Action Plan"), creating five targets to achieve the aim of building 175,000 new housing units by 2021. This was a direct response to the residential housing crisis in Ireland. The Action Plan's main pillars are to:

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