Property & Planning
Week of 2026-W11
Irish Property Market Intelligence
Monthly Report: 12–16 March 2026 — Transactions, Planning & Market Trends
Source: PROPERTY | Period: 2026-03-12 to 2026-03-16
Dublin Prices Surge 57% as Volume Halves — A €5.75m Ailesbury Road Sale, 924 Units Seeking Approval in Lucan, and the Courts Clear the Way for Data Centres
Transactions registered in the five-day period 12–16 March 2026 tell a tale of two markets: Dublin's average price leapt from €501,000 to €789,000 compared with the previous equivalent period — not because the market overheated, but because volume halved from 275 to 131 transactions, leaving premium properties to dominate the sample. The single most striking data point is 61 Ailesbury Road, Ballsbridge D04, a second-hand dwelling that changed hands for €5.75 million — twelve times the Dublin median — in a week that also saw two further Ballsbridge transactions above €1.9 million. Meanwhile, on the planning front, a 924-unit SDZ development in Lucan quietly filed an amendment that tells a pointed story about what kind of housing the market actually wants to build: more studios, more one-beds, fewer family-sized units.
Across 3 transactions registered this period, the national median settled at €352,423 — a figure that masks enormous geographic divergence. Cork recorded 55 transactions at an average of €371,000, while Galway managed just 13 at €270,000. The planning pipeline, with 0 applications received, was dominated by Donegal's ongoing mica remediation wave — a structural programme that is quietly reshaping the county's housing stock one demolition-and-rebuild at a time.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| National average transaction price | €468,601 | Baseline |
| National median transaction price | €352,423 | Anchor |
| Highest single transaction | €5,750,000 | Premium D4 |
| Dublin average price (current period) | €789,174 | +57% vs prev. period |
| Dublin average price (previous period) | €501,088 | Comparison |
| Dublin transaction volume change | 131 vs 275 | -52% volume |
| Planning applications received | 89 | Active pipeline |
| Residential units in planning | 105 | Forward supply |
The Investigation: Where the Money Moved
A deeper look at the 3 transactions registered over the period reveals a market in which geography and property type are doing most of the work. Dublin's premium end dominated the headline numbers, but the real story is in the distribution: 51 transactions — 12% of the national total — fell in the €400,000–€450,000 band, the single most active price bracket nationally. Below €300,000, the market was thin but present, with 36 transactions at under €50,000 — many of these likely commercial or distressed assets. The data confirms a market with a healthy mid-range core but a long premium tail that distorts averages.
Top Transactions Registered This Period
| Address | County | Price | Type | Signal |
|---|---|---|---|---|
| 61 Ailesbury Rd, Ballsbridge | Dublin 4 | €5,750,000 | Second-hand | Period high |
| 2 Sydenham Road, Ballsbridge | Dublin 4 | €1,950,000 | Second-hand | D4 premium |
| Moorechurch, Julianstown | Meath | €1,000,000 | Second-hand | Rural €1m+ |
| 100 Rathfarnham Wood, D14 | Dublin 14 | €950,000 | Second-hand | D14 premium |
| Rathdown Road, Greystones | Wicklow | €895,000 | Second-hand | Coastal Wicklow |
| 22 Seacliff, Dunbur Rd, Wicklow Town | Wicklow | €800,000 | Second-hand | Wicklow Town |
| 16 Cowper Hall, Mount St Annes, D6 | Dublin 6 | €925,000 | Second-hand | D6 premium |
| 18 Aranleigh Vale, Rathfarnham, D14 | Dublin 14 | €830,000 | Second-hand | D14 premium |
County Price Tracker: Period-over-Period Comparison
The county-level comparison between 12–16 March and the previous equivalent period (5–11 March) reveals a market in which Dublin's composition effect is masking underlying stability. Strip out the Ballsbridge outliers and most counties are trading within a narrow band of their previous-period averages. The most significant genuine shift is in Galway, where transaction volume collapsed from 39 to 13 — a 67% drop — while average prices fell 18%. This is not a Galway-specific story; it reflects the broader pattern of mid-March being a quieter registration period as the market digests February activity.
| County | Avg (Current) | Avg (Previous) | Change | Txns (Curr) | Txns (Prev) | Volume |
|---|---|---|---|---|---|---|
| Dublin | €789,174 | €501,088 | +57% (composition) | 131 | 275 | −52% |
| Cork | €370,813 | €344,399 | +7.7% | 55 | 98 | −44% |
| Meath | €356,477 | €445,599 | −20% | 23 | 29 | −21% |
| Kildare | €351,337 | €374,551 | −6.2% | 21 | 46 | −54% |
| Wicklow | €492,561 | €546,413 | −9.8% | 18 | 27 | −33% |
| Limerick | €353,774 | €317,023 | +11.6% | 15 | 32 | −53% |
| Waterford | €317,160 | €317,514 | Flat | 10 | 28 | −64% |
| Galway | €269,822 | €329,219 | −18% | 13 | 39 | −67% |
Planning Applications: Activity by Authority
Of the 0 applications received, 73 were for full permission, 12 for retention, and 2 for extension of duration. The geographic spread tells a story: Donegal's 22 applications (25% of the national total) are overwhelmingly mica-related replacements, while South Dublin's 10 applications include the period's largest development. Tipperary's 14 applications reflect a steady pipeline of rural one-off housing — a consistent pattern in the county's planning register.
The Connections: What the Data Alone Cannot Tell You
Transaction data and planning registers are the skeleton of the property market. The flesh — who is buying, why they are building, and what it means for the economy — requires connecting the dots across multiple sources. Over this period, four structural themes emerge that cut across the raw numbers: the institutional consolidation of social housing, the pivot toward smaller units in large-scale developments, the courts' growing role in clearing the data centre pipeline, and the quiet acceleration of the mica remediation programme in Donegal. None of these is visible in a single data source. Together, they tell a coherent story about where Irish property is heading.
The Radar: Three Signals Worth Watching
The Deep Dive: Two Stories Behind the Numbers
Two entities this period reward deeper investigation. The first is the Gollierstown/Finnstown SDZ in Lucan — a 924-unit development whose planning amendment reveals the structural economics of large-scale residential development in 2026. The second is the Ailesbury Road transaction — a €5.75 million sale that, when placed in the context of D04's long-run price history, tells a story about the resilience of Ireland's ultra-premium residential market even as the broader market softens.
Gollierstown/Finnstown SDZ, Lucan — The Yield Optimisation Playbook
The Gollierstown/Finnstown SDZ (Strategic Development Zone) in Lucan, south-west Dublin, is a large-scale residential development originally permitted for 877 units across nine blocks on a 5.12-hectare site. The site sits within the K78 eircode area, a rapidly developing suburban corridor between Lucan and Clondalkin. The amendment filed in March 2026 seeks to increase the unit count to 924 while reducing the gross floor area — a combination that is only possible by shrinking the average unit size.
| Metric | Original Permission | Amended Proposal | Change |
|---|---|---|---|
| Total units | 877 | 924 | +47 units |
| Studio units | 45 | 97 | +52 studios |
| 1-bed units | 388 | 460 | +72 one-beds |
| 2-bed (3-person) units | 86 | 86 | No change |
| 2-bed (4-person) units | 317 | 240 | −77 family units |
| 3-bed units | 41 | 41 | No change |
| Gross floor area | 77,564 sq m | 77,452 sq m | −112 sq m |
| Site area | 5.12 Ha | 5.12 Ha | Unchanged |
61 Ailesbury Road, Ballsbridge D04 — Ireland's Most Resilient Micro-Market
The sale of 61 Ailesbury Road, Ballsbridge for €5.75 million on 13 March 2026 is the highest residential transaction registered in the period and one of the most significant D04 sales of the year to date. The property is a second-hand dwelling in the D04Y9F7 eircode — the heart of Ballsbridge, Dublin's most consistently premium residential address. Ailesbury Road is a tree-lined avenue of Victorian and Edwardian detached houses, many of which have been converted to embassies or remain in private residential use. The street commands a premium over even the broader D04 market.
| Metric | Value | Context |
|---|---|---|
| Transaction price | €5,750,000 | Period high |
| Property type | Second-hand residential | D04Y9F7 |
| Transaction date | 13 March 2026 | Registered 1 Apr 2026 |
| vs. Dublin median (current period) | 12x median (€478k) | Extreme outlier |
| vs. National median | 16x median (€352k) | Extreme outlier |
| Comparable: 7 The Terrace, Foxrock | €2,075,000 (20 Mar 2026) | Same county |
| Comparable: 2 Sydenham Rd, Ballsbridge | €1,950,000 (16 Mar 2026) | Adjacent street |
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| Paul Cunningham | Home for Life | Led €80m 'Lime' portfolio acquisition of 276 social housing units from TPG Angelo Gordon | Home for Life €80m deal |
| Charlie O'Reilly Hyland | Home for Life | Director — €80m social housing portfolio consolidation, total portfolio now 1,650 homes | Home for Life €80m deal |
| Madeleina Loughrey Grant | Chief Strategy & Sustainability Officer, Cairn Homes | Passivhaus Institute certification secured for Charlestown, Santry, and Seven Mills developments | Cairn passive homes |
| Humphreys J. | High Court Judge | Delivered Doyle v An Coimisiún Pleanála [No.3] — upheld data centre planning permission, dismissed climate/EIA challenge | Clare County Council; An Coimisiún Pleanála |
| Max O'Reilly Hyland | Home for Life | Named in Business Post coverage of €80m Lime portfolio acquisition | Home for Life €80m deal |
One to Watch: The Gollierstown/Finnstown SDZ Decision
Gollierstown/Finnstown SDZ — Application SDZ26A/0009W
| Metric | Value |
|---|---|
| Total units (proposed) | 924 |
| Site area | 5.12 hectares |
| Floor area | 77,452 sq m |
| Studio units | 97 (10.5% of total) |
| 1-bed units | 460 (49.8% of total) |
| 2-bed (4-person) units | 240 (26% of total) |
| 3-bed units | 41 (4.4% of total) |
The Gollierstown/Finnstown SDZ is a large-scale residential development in Lucan, south-west Dublin, originally permitted for 877 units. The March 2026 amendment seeks to add 47 units while reducing the gross floor area — achieved by replacing 77 family-sized two-bed units with 52 studios and 72 one-beds.
Why it matters: This is the most significant planning decision in the Dublin commuter belt in the first half of 2026. If South Dublin County Council approves the amendment, it will signal that planning authorities are willing to accept unit mix changes that reduce family housing in favour of smaller, higher-yield units. If refused, it will set a precedent for protecting family housing in large-scale SDZ developments. The decision will be watched closely by developers, housing advocates, and local authorities across the country. The number that matters: 77 — the number of family-sized two-bed units being removed from the scheme. Each one represents a household that will not find a family home in this development.
The Broader Picture: Courts, Companies & What Comes Next
The Irish Courts
The High Court delivered one judgment of direct relevance to the property and development sector during the period — and it is a significant one. Doyle and Ors v An Coimisiún Pleanála and Ors [No. 3], delivered by Humphreys J. on 13 March 2026, dismissed a judicial review challenge to a planning permission for a data centre development in County Clare. The applicants — environmental groups and individuals — argued that the planning commission's decision was inconsistent with Ireland's climate obligations and that the environmental impact assessment was inadequate. The court rejected all grounds, finding that the commission's decision fell within the lawful spectrum of options under climate legislation, and that conditions requiring corporate power purchase agreements (CPPAs) for renewable energy were sufficient to address emissions concerns.
| Citation | Parties | Subject | Why It Matters |
|---|---|---|---|
| [2026] IEHC 156 | Doyle & Ors v An Coimisiún Pleanála & Ors [No.3] | Data centre planning permission — climate/EIA challenge | High Court upholds permission; dismisses climate and bat fauna grounds. Clears path for Clare data centre. |
The Companies Registration Office
CRO data for the period 12–16 March 2026 returned no new company registrations in the standard search window — a data lag that is typical for this timeframe, as the CRO typically processes registrations with a 4–6 week delay. 0 new companies were registered during the broader March 2026 period, with 0 companies showing activity. Business name registrations for the period stand at 193, with 867 showing activity. The absence of real-time CRO data for this specific window is a known limitation of the register — readers seeking company formation data for this period should check the CRO directly in late April 2026 when the lag clears.
Property Markets & Plans
Beyond the transaction and planning data covered in the main sections, the Business Post reported that three consortia are competing for the long-awaited Cork events centre — a €150 million-plus development that would be one of the largest commercial property projects in Cork in a generation. The three competing proposals — BAM's 6,000-seat arena on the former Beamish brewery site, Tom Coughlan's 4,000–5,000-seat facility at the Marina Market, and Cork GAA's 10,000–12,000-seat event space adjacent to Páirc Uí Chaoimh — represent very different visions for Cork's commercial property landscape. Cork City Council is expected to shortlist three applicants for the dialogue phase in the coming weeks.
| Project | Location | Capacity | Applicant | Status |
|---|---|---|---|---|
| Cork Events Centre | Former Beamish Brewery, Cork | 6,000 seats | BAM | Suitability questionnaire |
| Cork Events Centre | Marina Market, Cork Docklands | 4,000–5,000 seats | Tom Coughlan | Suitability questionnaire |
| Cork Events Centre | Páirc Uí Chaoimh, Cork | 10,000–12,000 seats | Cork GAA | Suitability questionnaire |
The Week Ahead
The period 12–16 March 2026 will be remembered as a week in which the Irish property market's structural tensions were laid bare in the planning register. The Lucan SDZ amendment — more studios, fewer family homes, same footprint — is a microcosm of the broader debate about what kind of housing Ireland is actually building. The mica remediation wave in Donegal is a reminder that the housing crisis has multiple dimensions: it is not only about supply, but about the quality and durability of the stock that already exists. And the €5.75 million Ailesbury Road sale is a reminder that at the very top of the market, Ireland's property prices are set by global forces that domestic policy cannot easily influence.
What to Watch:
South Dublin County Council's decision on SDZ26A/0009W by 6 May 2026 — approve or refuse the unit mix amendment that removes 77 family homes from the Lucan SDZ. This is the planning decision of the quarter for the Dublin commuter belt.
The pace of mica remediation applications in Donegal — if the current rate of 20+ applications per week continues, the Defective Concrete Blocks Scheme will generate hundreds of planning applications through 2026, creating a significant construction pipeline in the north-west.
Cork City Council's events centre shortlist — expected in May 2026 — will determine which of the three competing visions for Cork's commercial property landscape moves to the dialogue phase. The €150 million-plus project is the largest commercial development decision in Cork in a generation.