ByrneWallace addresses Ireland’s housing crisis at the 4th Annual Residential Property SummitSunday, 26 November 2017
How to tackle Ireland's housing supply was the main focus for debate at this year’s 4th Annual Residential Property Summit, which took place on Wednesday, 22 November at the Aviva Stadium.
The conference, which was sponsored by ByrneWallace and DNG, and organised by iQuest and The Sunday Business Post, brought together over 200 delegates representing Ireland's leading investors, developers, builders, finance providers and real estate agents to discuss and explore the prospects of the Irish residential property sector and identify the practical solutions to overcoming its many challenges.
Minister for Housing, Planning, Community and Local Government Eoghan Murphy T.D. opened the conference with a policy update on the government’s housing action plan.
ByrneWallace Head of Property Michael Walsh, and Senior Associate Neil Dunne provided a legal, tax and regulatory review of residential housing development, examining measures which are driving or inhibiting supply and demand in the Irish market, and identified the key developments in the sector.
Other speakers and panellists included John Moran, Former Secretary General, Department of Finance; Keith Lowe, Chief Executive, DNG; Hubert Fitzpatrick, Director of Housing, Construction Industry Federation (CIF); Donal O’Shea, Head of Real Estate Lending, AIB; and Richard Barrett, Founder, Bartra Capital.
Commenting on the market, Michael Walsh said,"In housing terms, while debate continues as it should, the property industry and policy makers need to stay focused on the core issue - delivering the supply of good quality, diverse product of the right type in the right location.
“While many of the key actions of the Action Plan for Housing and Homelessness - Rebuilding Ireland 2016 have been delivered upon there is much more to do. All the metrics tell us that the housing market is responding well to the demand, and development is gathering pace, but clearly it is not enough. ByrneWallace is delighted to contribute to the discussion with particular focus on the gaps that have yet to be plugged.”
For a full report on the key issues affecting the Irish Housing Market from a legal perspective, click here to read an interview with Michael Walsh and Neil Dunne which featured in the Sunday Business Post, 27 November.
For further details on the conference and issues being discussed, visit https://www.propertysummit.ie/agenda/
Pictured (L-R): Head of Property Michael Walsh discussing the housing crisis with John Moran, Former Secretary General, Department of Finance and Minister for Housing, Planning, Community and Local Government Eoghan Murphy T.D.