UK House Prices Show Signs of Stabilization

After a turbulent year, the UK housing market displays signs of stability. Recent data shows a marginal 0.3% rise in asking prices for September, following interest rate cuts by the Bank of England. However, uncertainties about the Autumn Budget have kept price growth below seasonal averages. Analysts project a modest increase of 2% in 2024 as mortgage rates gradually ease, supporting buyer confidence.

Irish Rents Soar Amid Housing Shortages

Ireland’s rental market remains under significant pressure as rents have risen by nearly 12% year-on-year. Urban centres like Dublin and Cork face an acute shortage of available properties, exacerbated by population growth and limited housing stock. The government is considering expanding rent caps and increasing investment in public housing to alleviate the crisis​.

Build-to-Rent Sector Expands Across the UK

The Build-to-Rent (BTR) market in the UK continues to grow, fuelled by demand for affordable, high-quality rental housing. Major pension funds and institutional investors are backing these developments, particularly in London and Manchester. Analysts predict the sector will play a key role in addressing the country’s housing shortage​.

Dublin’s Housing Market Faces Political Scrutiny

Dublin’s housing crisis has become a central political issue ahead of upcoming elections. Rising house prices and declining affordability have prompted demands for government intervention. Proposed measures include stricter rent controls, increased funding for social housing, and incentives for first-time buyers​.

UK Buy-to-Let Investors Re-assess Strategies

Higher mortgage rates and tax changes are prompting many UK landlords to exit the buy-to-let market. However, rising rents and the growth of purpose-built rental properties provide opportunities for institutional investors. These shifts are reshaping the landscape of the rental market, with larger developments taking precedence over smaller, private-owned properties​.

Cork Emerges as a Hotspot for Green Development

Cork is leading Ireland’s transition to sustainable housing with new projects emphasizing energy efficiency and eco-friendly designs. These initiatives align with national targets for carbon reduction, making Cork a model for future developments across Ireland​.