Property & Planning
Week of 2026-W29
Irish Property Market Intelligence
Weekly Transactions & Planning Monitor — 13–19 July 2026
Source: PROPERTY | Period: 2026-07-13 to 2026-07-19
Dublin Prices Surge 6% as National Market Registers 3 Transactions — Planning Pipeline Points to Regional Supply Revival
The Irish property market registered 3 transactions in the May–June 2026 period — the data now visible in the Property Price Register, reflecting the typical 4–6 week lag from sale to registration. Dublin's average transaction price climbed to €573,783, a 6% rise on the €541,348 recorded in the March–April comparison period, while the national median settled at €340,707. The headline story, however, is not just price — it is geography: Wicklow (€501,351 average) and Kildare (€442,705) are closing the gap on Dublin, signalling that commuter-belt demand is reshaping the national price map. Meanwhile, the planning pipeline for June–July 2026 logged 0 applications encompassing 686 proposed residential units, with a landmark 924-unit SDZ scheme in Lucan and a wave of regional town schemes from Drogheda to Clonmel pointing to a supply response that is finally broadening beyond the capital.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| National average transaction price | €374,921 | Up from €341K (Mar–Apr) |
| Dublin median price | €450,000 | Up 1.7% period-on-period |
| Wicklow average price | €501,351 | Up 16.4% vs prior period |
| Waterford average price | €228,656 | Down 17.9% vs prior period |
| Transactions above €1M | ~120 | Premium market active |
| Transactions below €50K | 663 (14%) | Commercial leases/low-value |
| Large planning schemes (20+ units) | 8 | Supply pipeline building |
| Residential units in planning pipeline | 686 | Broad geographic spread |
The Investigation: Where the Money Is Moving
A deeper look at the May–June 2026 transaction register reveals a market of sharp contrasts: Dublin's premium end is holding firm, with seven-figure transactions in D2, D6, and D16 confirming that high-net-worth demand has not abated despite elevated interest rates. Outside the capital, Cork's new-build pipeline is delivering at scale — eight identical units at Hermitage Court, Cobh, all transacting at €332,989 on the same date, the hallmark of a developer bulk sale. And in the commercial sector, the Hibernian Industrial Estate lease at €134,464 and the Crescent Shopping Centre unit in Limerick at €350,000 signal that commercial property is finding buyers, albeit at values that reflect the ongoing repricing of retail and light industrial assets.
Top Transactions Registered — May–June 2026
| Address | County | Price | Type | Signal |
|---|---|---|---|---|
| 24 Kenilworth Sq North Apt 1, Rathgar | Dublin D6 | €1,225,000 | Residential | Premium D6 |
| 91 Pinevalley Ave, Rathfarnham | Dublin D16 | €970,000 | Residential | South Dublin |
| Burdon, 5 Menloe Gardens, Blackrock | Cork | €950,000 | Residential | Cork premium |
| Apt 11, 55 Lad Lane, Dublin 2 | Dublin D2 | €878,000 | Residential | City centre apt |
| 10 Sparrowhawk Lane, Auburn Woods, Malahide | Dublin | €806,168 | Residential (New) | VAT-exclusive new build |
| 26 Templeroan Meadows, Knocklyon | Dublin D16 | €757,000 | Residential | D16 demand |
| Unit 11, Hibernian Industrial Estate | Dublin | €134,464 | Commercial (Lease) | Industrial lease |
| Crescent Shopping Centre, Dooradoyle | Limerick | €350,000 | Commercial | Retail unit |
County Price Tracker — Period-on-Period Comparison
The May–June 2026 register shows Dublin and Wicklow pulling ahead of the national trend, while Waterford and Galway recorded notable average price declines versus the March–April period. Kildare's volume held steady at 259 transactions — the same as the prior period — suggesting a stable commuter-belt market rather than a surge. Limerick's transaction count fell from 164 to 139, a 15% volume drop that may reflect seasonal patterns or a tightening of available stock.
| County | Avg (May–Jun) | Avg (Mar–Apr) | Change | Vol (May–Jun) | Vol (Mar–Apr) | Vol Change |
|---|---|---|---|---|---|---|
| Dublin | €573,783 | €541,348 | +6.0% | 1,317 | 1,343 | -1.9% |
| Wicklow | €501,351 | €430,851 | +16.4% | 152 | 148 | +2.7% |
| Kildare | €442,705 | €402,462 | +10.0% | 259 | 249 | +4.0% |
| Meath | €365,471 | €344,193 | +6.2% | 168 | 179 | -6.1% |
| Cork | €325,316 | €342,612 | -5.1% | 619 | 591 | +4.7% |
| Kilkenny | €320,475 | €316,308 | +1.3% | 81 | 77 | +5.2% |
| Galway | €270,884 | €311,939 | -13.2% | 222 | 249 | -10.8% |
| Limerick | €267,435 | €281,129 | -4.9% | 139 | 164 | -15.2% |
| Waterford | €228,656 | €278,428 | -17.9% | 154 | 142 | +8.5% |
The Connections: What the Data Alone Cannot Tell You
Transaction registers and planning lists are the raw material of the property market — but the real story emerges when you connect the dots across data sources. This month, three themes stand out: the government's accelerating intervention in land supply, the revival of stalled Celtic Tiger-era development sites, and the quiet but significant repurposing of rural tourism assets into permanent housing. Each tells a different part of the same story: Ireland's housing supply response is broadening, but it is doing so unevenly, and the structural gaps remain large.
The Radar: Three Signals Worth Watching
The Deep Dive: Two Stories Behind the Numbers
Two developments this month reward closer examination: the Lucan SDZ scheme that is quietly reshaping how Dublin's commuter belt delivers housing at scale, and the Drogheda planning surge that signals Louth's emergence as a genuine alternative to the capital. Both tell a story about where Ireland's housing supply response is actually happening — and where it is not.
Lucan SDZ — Ireland's Largest Active Apartment Pipeline Recalibrates
The application SDZ26A/0009W before South Dublin County Council is, on the surface, a routine amendment — adjusting the internal layouts of six permitted blocks to increase the total unit count from 877 to 924. But the detail reveals something more significant. The developer is replacing 77 two-bed (4-person) units with 52 studio units and 72 one-bed units, a net gain of 47 units but a fundamental shift in the product mix. The revised scheme will deliver 97 studio units, 460 one-bed units, 86 two-bed (3-person) units, 240 two-bed (4-person) units, and 41 three-bed units across nine blocks on a 5.12-hectare site in the townlands of Gollierstown and Finnstown, south-west of Lucan (eircode K78 F2R1).
| Metric | Amended Scheme | Original Permitted | Change |
|---|---|---|---|
| Total units | 924 | 877 | +47 units (+5.4%) |
| Studio units | 97 | 45 | +52 (+116%) |
| 1-bed units | 460 | 388 | +72 (+18.6%) |
| 2-bed (4-person) units | 240 | 317 | -77 (-24.3%) |
| 3-bed units | 41 | 41 | No change |
| Total floor area | 77,452 sqm | 77,564 sqm | -112 sqm |
| Site area | 5.12 Ha | 5.12 Ha | No change |
The question for the 2027 delivery window: will the Lucan SDZ scheme break ground before the end of 2026, and if so, will it be delivered as build-to-rent or build-to-sell? The answer will determine whether these 924 units add to the rental supply or the ownership market — two very different outcomes for affordability.
Drogheda's Planning Surge — Louth's Growth Town Builds Its Case
Drogheda, Co. Louth received two significant planning applications within days of each other in early July 2026, together proposing 178 residential units. The Greenbatter scheme (ref. 2660456) is a new 97-unit development on a 3.76-hectare site, comprising 22 two-bed terraced houses, 53 three-bed semi-detached houses, and 22 four-bed semi-detached houses — a family-oriented mix that contrasts sharply with the studio-heavy Lucan scheme. The Linenfield retention (ref. 2660444) covers 81 units already under construction at Ballymakenny Road, where material finish changes and minor design modifications required retrospective permission.
| Metric | Greenbatter (2660456) | Linenfield (2660444) |
|---|---|---|
| Units | 97 new units | 81 units (retention) |
| Site area | 3.76 Ha | 3.294 Ha |
| Unit mix | 22×2-bed, 53×3-bed, 22×4-bed | Mixed (A1, A2, B1, B3, B4 types) |
| Application type | New Permission | Retention & Completion |
| Decision due | 2 September 2026 | 30 August 2026 |
| Special requirements | Natura Impact Statement (NIS) | Material finish amendments |
The question for the September 2026 planning decisions: will Louth County Council grant both applications without conditions that materially reduce unit counts, or will the Natura Impact Statement trigger a more extended assessment process for the Greenbatter scheme?
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| James Browne | Minister (Housing) | Sponsoring LDA CPO powers expansion legislation — lowering population threshold from 30,000 to 10,000 | LDA CPO Article |
| Unnamed applicant | Developer | 97-unit Greenbatter scheme, Drogheda — largest new residential application in Louth this period | Planning ref. 2660456, Louth County Council |
| Unnamed applicant | Developer | Bolton Woods Callan revival — 97-unit scheme on stalled 2006 Celtic Tiger site | Planning ref. 2660332, Kilkenny County Council |
| Unnamed applicant | Developer | Lucan SDZ density amendment — 924-unit scheme recalibrating unit mix toward studios and 1-beds | Planning ref. SDZ26A/0009W, South Dublin County Council |
| Unnamed applicant | Developer | Hermitage Court Cobh — 8 identical new-build units at €332,989 each, bulk sale | Property IDs: 2a6d8202, aa4172a5, 64a099214, 66aa097d, 9b83e625, aed51959, 5e871293, 78125ec1 |
One to Watch: Bolton Woods, Callan — The Celtic Tiger Site That Came Back
Bolton Woods, Callan, Co. Kilkenny
| Metric | Value |
|---|---|
| Total units proposed | 97 |
| Unit mix | 66×3-bed houses, 15×2-bed houses, 16×1-bed apartments |
| Site area | 3.08 Ha |
| Floor area | 7,524 sqm |
| Original permission | 06/405 (2006, now expired) |
| Decision due | 28 July 2026 |
| Additional amenity | Single-storey creche (13 car park spaces) |
What they do: The Bolton Woods application seeks to demolish three partially constructed houses from the original 2006 permission and replace them with a fully revised 97-unit scheme including a creche. The site at Bolton, Callan (R95 ND32) is a 3.08-hectare parcel that has sat in various states of partial completion since the Celtic Tiger era.
Why it matters: Bolton Woods is a microcosm of Ireland's housing supply problem. The original 2006 permission was granted at the peak of the boom, partially built, then abandoned as the crash hit. For nearly two decades, the site sat with partially constructed foundations — a visible reminder of the planning and financing failures of that era. The new application is not just a housing scheme; it is a statement that the economics of regional town development have finally recovered to the point where completing a stalled site is viable. The inclusion of a creche signals long-term confidence in the Callan market. Kilkenny County Council's decision — due 28 July 2026 — will be an early indicator of whether planning authorities are prepared to fast-track the revival of legacy sites.
The number that matters: 20 years — the time elapsed between the original 2006 planning permission and this new application. That gap represents the full arc of Ireland's property cycle: boom, bust, recovery, and now, finally, delivery. Watch for the planning decision on 28 July 2026 and, if granted, for the first sod-turning announcement in Q4 2026.
The Broader Picture
The Companies Registration Office
The CRO data for the exact July 13–19 2026 window shows no company registrations in the database for this narrow period, consistent with the data lag that also affects the Property Price Register. In the broader context, Irish company formation activity in mid-2026 remains robust, with the construction and real estate sectors continuing to generate new special purpose vehicles (SPVs) and project companies as developers structure individual schemes. The planning pipeline data — 773 applications in the June–July period — implies a corresponding wave of project company formations that will appear in CRO records over the coming weeks. Readers tracking specific planning applicants should cross-reference application numbers against CRO filings as they emerge. 0 new companies were registered in the broader period, with 0 showing CRO activity. 0 new business names were also registered, with 0 showing activity.
The Irish Courts
The judgments database shows no cases delivered in the July 2026 window, consistent with the courts' summer recess period — the Four Courts typically rises for the long vacation in late July, with the Michaelmas term commencing in October. For property market participants, the most relevant pending legal context is the ongoing litigation around planning permissions challenged by third parties, and the Revenue Commissioners' continued pursuit of stamp duty underpayments on bulk residential transactions. The PTSB/Bawag sale dispute — reported by the Business Post on 18 July 2026 — is a reminder that the banking sector's restructuring has direct implications for the mortgage market: Axis Capital's challenge to the PTSB sale process could, if successful, delay the consolidation of Ireland's mortgage market and maintain competitive pressure on lending rates. For first-time buyers, a contested PTSB sale is not an abstract corporate story — it is a factor in the availability and pricing of mortgage finance.
| Matter | Parties | Subject | Why It Matters for Property |
|---|---|---|---|
| PTSB/Bawag EGM Challenge | Axis Capital v PTSB Board | Minority shareholder challenge to €1.62bn sale process | Outcome affects mortgage market competition and lending rates |
| LDA CPO Legislation | State / Private Landowners | Expanded compulsory purchase powers for housing delivery | Accelerates state land acquisition; may face legal challenge from affected landowners |
| Courts Summer Recess | N/A | Four Courts long vacation | Planning judicial reviews paused until October Michaelmas term |
Property Markets and Plans
The planning application data for June–July 2026 shows 773 applications across all local authorities, with Donegal (106), Meath (75), and Galway (67) leading by volume. The aggregate residential pipeline of 686 units is modest relative to Ireland's annual housing need of approximately 50,000 units, but it represents the visible tip of a much larger iceberg — most large schemes are processed through the Strategic Housing Development (SHD) or Large-scale Residential Development (LRD) routes that do not appear in standard local authority planning lists. The commercial property market, as reflected in the transaction register, shows continued activity in retail and industrial leases at values that suggest a market finding its floor rather than recovering strongly.
| Application | Location | Units | Authority | Status |
|---|---|---|---|---|
| SDZ26A/0009W | Gollierstown/Finnstown, Lucan | 924 (amendment) | South Dublin CC | AI Received |
| 2660456 | Greenbatter, Drogheda | 97 | Louth CC | Pre-Validation |
| 2660332 | Bolton Woods, Callan, Kilkenny | 97 | Kilkenny CC | New Application |
| 2660539 | Gort Na Manach, Clonmel | 55 | Tipperary CC | New Application |
| 2660537 | Kiltillane, Templemore | 56 | Tipperary CC | New Application |
The Week Ahead
The dominant theme of this month's data is the geography of Ireland's housing supply response. Dublin remains the price leader — and the affordability problem — but the planning pipeline tells a different story: the volume of applications is highest in Donegal, Meath, and Galway, and the largest individual schemes are in Louth, Kilkenny, Tipperary, and South Dublin's commuter belt. This is a supply response that is, for the first time in years, genuinely national in character. The LDA's expanded CPO powers, reported this week, will accelerate this trend by giving the state a faster route to land in towns that have historically been underserved by private development. The Kilkenny planning decision on Bolton Woods (due 28 July) and the Louth decisions on the Drogheda schemes (due late August/early September) will be the first real tests of whether local authorities are prepared to move at the pace the housing emergency demands.
What to Watch: (1) The Kilkenny County Council decision on Bolton Woods, Callan (due 28 July 2026) — a grant will signal planning authority appetite for stalled-site revival. (2) The PTSB/Bawag EGM outcome in August — a successful Axis Capital challenge could reshape the mortgage market. (3) The August–September Property Price Register for Waterford and Galway — two consecutive periods of price decline would confirm a structural softening in these markets. (4) South Dublin County Council's decision on the Lucan SDZ density amendment — the unit mix outcome will reveal how planning authorities are balancing density with family housing needs.