Property & Planning
Week of 2026-W24
Irish Property Market Intelligence
Weekly Transactions & Planning Monitor — 8–14 June 2026
Source: PROPERTY | Period: 2026-06-08 to 2026-06-14
Supply Pipeline Surges as 997 Planning Applications Signal Developer Confidence — But the Register Tells a Cooling Story
The most recent transactions registered on the Property Price Register — covering April and May 2026 — show a market in transition: 3 transactions recorded across the two months, with national average prices easing to €349,056 in May from €363,360 in April, a 3.9% month-on-month softening. Yet the planning pipeline tells a different story. 0 planning applications were received in the May–June 2026 window, with six large-scale residential developments (40+ units) collectively proposing over 1,200 new homes — a supply signal that, if converted to completions, would represent meaningful relief in some of Ireland's most undersupplied regional markets. The disconnect between a cooling register and a heating pipeline is the defining tension of this month's report.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| National avg price (May 2026) | €349,056 | Down 3.9% MoM |
| National avg price (Apr 2026) | €363,360 | Down from Dec 2025 peak |
| Dublin avg price (May 2026) | €537,109 | Up 2.6% vs Apr |
| Wicklow avg price (Apr–May 2026) | €465,625 | Exceeds Dublin median |
| Waterford avg price (May 2026) | €221,324 | Most affordable county tracked |
| Largest planning application (units) | 924 units | Lucan SDZ amendment |
| Total residential units in large pipeline | 629+ | Supply signal |
| Dec 2025 transaction peak | 7,379 | H2 2025 surge now registering |
The Investigation: County Price Tracker and the Planning Pipeline
County Price Tracker — May 2026 vs April 2026
A deeper look at county-level data reveals a market pulling in two directions. Dublin's average price rose 2.6% month-on-month to €537,109 in May — the capital's resilience driven by persistent demand and constrained supply in the D4, D6, and D14 postcodes. But the commuter belt tells a different story: Kildare dropped sharply from €425,278 in April to €389,393 in May, an 8.4% fall that suggests the outer-Dublin market is more sensitive to affordability pressures. Wicklow, meanwhile, continues to defy gravity — its average of €548,164 in May actually exceeds Dublin's, a function of high-value coastal and rural properties in the D4 and A94 eircode zones that skew the county average upward.
| County | Avg Price (May 2026) | Avg Price (Apr 2026) | Change | Txns (May) | Txns (Apr) | Volume |
|---|---|---|---|---|---|---|
| Dublin | €537,109 | €523,568 | +2.6% | 673 | 728 | -7.6% |
| Wicklow | €548,164 | €389,277 | +40.8% | 74 | 80 | -7.5% |
| Kildare | €389,393 | €425,278 | -8.4% | 137 | 144 | -4.9% |
| Meath | €366,060 | €320,716 | +14.1% | 90 | 96 | -6.3% |
| Cork | €309,718 | €342,352 | -9.5% | 334 | 348 | -4.0% |
| Kilkenny | €335,593 | €316,454 | +6.0% | 52 | 42 | +23.8% |
| Limerick | €266,053 | €277,125 | -4.0% | 78 | 86 | -9.3% |
| Waterford | €221,324 | €247,647 | -10.6% | 78 | 81 | -3.7% |
| Galway | €254,898 | €306,734 | -16.9% | 136 | 153 | -11.1% |
Top Transactions Registered — April–May 2026
Dublin's upper end of the market remains exceptionally active. Of the 111 transactions above €1 million registered in April–May 2026, the top tier clusters in D1, D4, D6, and D14 postcodes — with a notable outlier at St Margarets (K67 eircode) suggesting rural Dublin is also attracting premium buyers. The highest-value transaction registered was a €2 million apartment at 94 Middle Abbey Street, Dublin 1 — a D01 address that would have been unthinkable at that price point a decade ago.
| Address | County | Price | Date | Type |
|---|---|---|---|---|
| APT 1, 94 Middle Abbey St, Dublin 1 (D01R868) | Dublin | €2,000,000 | 18 May 2026 | Residential |
| 8 The Rise, Malahide (K36PT73) | Dublin | €1,900,000 | 19 May 2026 | Residential |
| APT 1, 111 Seville Place, Dublin 1 (D01F6F7) | Dublin | €1,885,000 | 20 May 2026 | Residential |
| Kilreesk House, Kilreesk Lane, St Margarets (K67F822) | Dublin | €1,766,245 | 19 May 2026 | Residential |
| 4 Henrietta St, Dublin 1 (D01P6V0) | Dublin | €1,750,000 | 15 May 2026 | Residential |
| 114 Upper Leeson St, Dublin 4 (D04P5X7) | Dublin | €1,700,000 | 14 May 2026 | Residential |
| 26 Eden Park Dr, Goatstown, Dublin 14 (D14FX96) | Dublin | €1,450,000 | 21 May 2026 | Residential |
| 14 Proby Place, Blackrock (A94HX37) | Dublin | €1,495,000 | 18 May 2026 | Residential |
| 17 Island Way, Muskerry Est, Ballincollig (P31X788) | Cork | €452,000 | 18 May 2026 | Residential |
Planning Pipeline — Large Residential Schemes (May–June 2026)
Six planning applications for schemes of 40 or more residential units were received in the May–June 2026 window, collectively proposing 1,298 new homes across six local authority areas. Tipperary County Council received two applications on the same date (3 June 2026), both for schemes in the 48–55 unit range — a sign of coordinated developer activity in the Clonmel–Templemore corridor. The standout application is the South Dublin SDZ amendment at Gollierstown/Finnstown, Lucan, which proposes increasing an already-permitted 877-unit scheme to 924 units — a 5.4% uplift that shifts the dwelling mix toward smaller units (studios and one-beds up, two-bed four-person units down).
| Application Ref | Location | Authority | Units | Status |
|---|---|---|---|---|
| SDZ26A/0009W | Gollierstown/Finnstown, Lucan, South Dublin | South Dublin CC | 924 | AI Received |
| 2660332 | Bolton Woods, Callan, Co Kilkenny | Kilkenny CC | 97 | New Application |
| 2660283 | Greenbatter, Drogheda, Co Louth | Louth CC | 72 | Pre-Validation |
| 2660537 | Kiltillane, Templemore, Co Tipperary | Tipperary CC | 56 | New Application |
| 2660539 | Gort Na Manach, Clonmel, Co Tipperary | Tipperary CC | 55 | New Application |
| 2660304 | Colliers Lane, Kilminchy, Portlaoise | Laois CC | 42 | New Application |
The Connections: What the Data Alone Cannot Tell You
Property transactions and planning applications are the raw material. The story emerges when you connect them to corporate registrations, court proceedings, and media coverage. This month, three themes stand out: the luxury apartment market's emergence as an investment vehicle for high-net-worth individuals; the regional supply push that is quietly reshaping Ireland's development geography; and the planning system's ongoing legal battles that cast a shadow over every application in the pipeline.
The Radar: Three Signals Worth Watching
The Deep Dive: Two Stories That Define the Market
Two entities this month warrant deeper investigation: the Lucan SDZ mega-scheme that is quietly reshaping South Dublin's housing mix, and the Lansdowne Place luxury apartment complex that has become Ireland's most visible test case for the investment apartment market. Both reveal structural forces that will shape the Irish property market for years to come.
The Lucan SDZ Amendment — Ireland's Largest Active Residential Application
The application SDZ26A/0009W, received by South Dublin County Council on 4 June 2026, is an amendment to an already-permitted 877-unit scheme on a 5.12-hectare site in the townlands of Gollierstown and Finnstown, south-west of Lucan. The amendment seeks to increase the total to 924 units — a net addition of 47 dwellings — while significantly reshuffling the dwelling mix across nine permitted blocks. The site's total gross floor area of 77,452 sq m (including a 5,443 sq m podium car park) makes this one of the largest single residential developments currently in the Irish planning system.
| Metric | Original Permission | Proposed Amendment | Change |
|---|---|---|---|
| Total units | 877 | 924 | +47 (+5.4%) |
| Studio units | 45 | 97 | +52 (+115.6%) |
| 1-bed units | 388 | 460 | +72 (+18.6%) |
| 2-bed (3-person) units | 86 | 86 | No change |
| 2-bed (4-person) units | 317 | 240 | -77 (-24.3%) |
| 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 |
The question for 2027: Will the Lucan SDZ scheme reach practical completion on schedule, or will the planning amendment trigger a fresh round of judicial review challenges that delay delivery by 12–18 months?
Lansdowne Place — When Apartments Become Assets
Lansdowne Place on Shelbourne Road, Dublin 4 is Ireland's most exclusive residential development — a joint venture between Ballymore and Hines that delivered luxury apartments in the D04 eircode at price points that were, at launch, considered aspirational. The Property Price Register now tells a different story: the Burbidge wing has become a trading floor. Roy Keane's €2.8 million sale — a 25.7% gain on his 2022 purchase price of €2.2 million — is the headline, but the pattern extends across the scheme. Two other Burbidge apartments sold in the past year for €1.8 million and €2.4 million, with sellers earning profits of €243,000 and €300,000 respectively.
| Transaction | Purchase Price | Sale Price | Profit | Return |
|---|---|---|---|---|
| Keane apartment, Burbidge wing | €2,235,000 (2022) | €2,800,000 (2026) | €565,000 | +25.3% |
| Burbidge apt (2023 buyer) | €1,557,000 (2023) | €1,800,000 (2025) | €243,000 | +15.6% |
| Burbidge apt (2023 buyer) | €2,100,000 (2023) | €2,400,000 (2025) | €300,000 | +14.3% |
| Dublin avg price (May 2026) | — | €537,109 | — | County benchmark |
| Lansdowne Place premium vs Dublin avg | — | €2.8m | — | 5.2x county avg |
The question for 2027: Will the Lansdowne Place model — luxury apartments as short-hold investments — spread to other premium Dublin schemes, and will the State respond with a capital gains tax or stamp duty measure targeting short-hold residential investment?
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| Roy Keane | Property investor / Former footballer | Sold Lansdowne Place apartment for €2.8m — €565k profit on 2022 purchase | Lansdowne Place, Shelbourne Rd, D04 |
| Darragh O'Brien | Minister for Transport | Driving Dublin Airport (Passenger Capacity) Bill 2026 — removes 32m passenger cap | Dublin Airport cap abolition; Fingal County Council planning authority |
| Kieran Wallace | Managing Director, Interpath Ireland | Leading restructuring firm after 50% revenue jump; overseeing Ken Fennell succession | Interpath Ireland restructuring |
| Ken Fennell | Retiring MD, Interpath Ireland | 34-year career in restructuring/insolvency; oversaw Stobart Air, Wirecard, Glass Bottle Site | Interpath Ireland; KPMG spinout; Bridgepoint acquisition |
| Mark Carney | Canadian Prime Minister | State visit to Ireland; signed strategic economic partnership; referenced OpenText €105m investment | Canada-Ireland partnership; Mayo ancestral connection |
One to Watch: Kilkenny County Council
Kilkenny County Council — The Quiet Achiever of Irish Planning
| Metric | Value |
|---|---|
| Planning applications received (May–Jun 2026) | 41 |
| Largest application (units) | 97 units — Bolton Woods, Callan (Ref. 2660332) |
| Avg price change (Apr–May 2026) | +6.0% (€316,454 to €335,593) |
| Transaction volume change (Apr–May 2026) | +23.8% (42 to 52 transactions) |
| Affordability vs Dublin | €335,593 avg vs €537,109 — 37.5% discount |
What they represent: Kilkenny County Council is processing a planning pipeline that reflects genuine market demand — rising prices, rising volumes, and a major stalled-site revival application. The Bolton Woods scheme in Callan revives a site that has been partially constructed since 2006, demolishing three incomplete houses to build 97 new units including a crèche. This is exactly the kind of brownfield/stalled-site development that Ireland's housing policy has been trying to unlock for years.
Why it matters: Kilkenny is the only county in this month's tracker showing both price growth and volume growth simultaneously — a genuine demand signal rather than a composition effect. The county's combination of relative affordability, improving connectivity (the M9 motorway), and growing remote-working population is creating a sustainable demand base. If the Bolton Woods application proceeds to grant, it will be one of the largest new housing schemes in the county in a decade. Watch for Kilkenny's transaction volumes to break above 60 per month in Q3 2026 as the market absorbs new supply.
The number that matters: 37.5% — the discount Kilkenny commands versus Dublin's average price. At €335,593, Kilkenny offers Dublin-quality connectivity at a price point accessible to first-time buyers priced out of the capital. That gap is the engine of Kilkenny's current market momentum.
The Broader Picture
The Companies Registration Office
The CRO data for the May–June 2026 period reflects the broader economic context in which the property market is operating. 0 new companies were registered in the period, with 0 companies showing CRO activity. 0 new business names were registered, with 0 showing activity. Of particular note in the property context: Ballymore Developments (One) Limited and Ballymore Developments (Two) Limited were registered in October 2025 at Royal Canal Park, Dublin 15 — consistent with a developer structuring SPVs for a major pipeline that may include the Lucan SDZ scheme. The registration of new development-sector SPVs is a leading indicator of future planning activity; watch for further Ballymore-related registrations as the Lucan scheme progresses through the planning system.
| Entity | Company No. | Type | Registered | Relevance |
|---|---|---|---|---|
| Ballymore Developments (One) Limited | 799022 | LTD (Development of building projects) | Oct 2025 | Potential Lucan SDZ developer SPV |
| Ballymore Developments (Two) Limited | 799016 | LTD (Development of building projects) | Oct 2025 | Potential Lucan SDZ developer SPV |
| Castle Place CP Owners Management Company CLG | 807991 | CLG (Real estate management) | Feb 2026 | New owners' management company — Limerick scheme completing |
| Grosvenor Place CLO 11 DAC | 808220 | DAC (Financial services) | Feb 2026 | CLO vehicle — property-linked structured finance |
The Irish Courts
The Irish courts continue to play a decisive role in shaping the property and planning landscape. The judgments index reveals a consistent pattern: An Bord Pleanála decisions are being challenged in the High Court at a rate that creates material uncertainty for every large planning application in the system. The most significant recent case with direct property market implications is Aer Lingus v Irish Aviation Authority [2024] IEHC 624, in which the High Court examined the Dublin Airport passenger cap — itself a planning condition — and the question of whether a stay should be granted pending a full hearing. The Business Post reported that the Cabinet is now moving to legislate the cap's removal entirely, bypassing the planning system. This is a significant precedent: when planning conditions become commercially unworkable, the State is willing to legislate around them.
| Citation | Parties | Subject | Why It Matters |
|---|---|---|---|
| [2024] IEHC 624 | Aer Lingus v Irish Aviation Authority | Dublin Airport passenger cap — planning conditions | State now legislating to remove planning cap — precedent for overriding planning conditions |
| [2023] IEHC 14 | Jennings v An Bord Pleanála | Student accommodation permission quashed | ABP must properly consider site character — affects all urban infill applications |
| [2024] IEHC 186 | Murphy v An Bord Pleanála | Co-living development permission quashed | Co-living permissions remain legally vulnerable — affects pipeline of similar schemes |
| [2022] IEHC 7 | Ballyboden Tidy Towns v An Bord Pleanála | Planning permission judicial review — transport assessment | Inadequate transport impact assessment grounds for quashing — affects all large suburban schemes |
The Week Ahead
The Irish property market in June 2026 is navigating a complex set of crosscurrents. The register shows prices softening at the national level — but Dublin is rising, Kilkenny is accelerating, and Wicklow's composition effects are masking genuine demand. The planning pipeline is the most encouraging signal: 997 applications in six weeks, with six large-scale schemes proposing over 1,200 units, suggests developer confidence is intact despite the legal and regulatory headwinds. The Lucan SDZ amendment — 924 units with a rental-optimised mix — is the single most important planning story of the month, and its outcome will set a precedent for how South Dublin County Council handles dwelling mix amendments in large permitted schemes.
What to Watch:
- South Dublin County Council's decision on the Lucan SDZ amendment (SDZ26A/0009W) — expected within 8 weeks of the 4 June 2026 receipt date.
- June and July 2026 Property Price Register volumes — will the December 2025 transaction surge complete its registration journey, pushing monthly counts back above 5,000?
- The Dublin Airport (Passenger Capacity) Bill 2026 — if enacted before the summer recess, it will remove a planning condition that has constrained Ireland's largest infrastructure asset for years, with knock-on effects for Fingal County Council's development plan.