Roundtower Capital (A Lotus IG company) - Secure Irish Development Funding

In the The Sunday Times Ireland today: “The first cranes to reappear on Dublin’s skyline [after the crash] were on sites we funded.” "Ian Lawlor’s Roundtower Capital is keen to fund the construction of more homes but is frustrated by planning problems and a lack of lending from pillar banks... In the past ten years he has loaned close to €1 billion to developers such as Justin Dunne’s Westin Homes, Belgrove Homes, Ronan O’Caoimh’s Lowick Homes, Ray Grehan’s Welconcorde, Michael Moran’s Seabren Developments and Rick Larkin’s Twinlite..." *The required development finance for the target of 50,000 homes a year would be close to €20 billion, far short of what we see in the market currently... Read in full 🔗 https://lnkd.in/eXdqQgG3

Housing construction starts to fall in 2025 and 2026, says report: Home building shortage is ‘exacerbated by a skills gap’ in the construction sector, says industry group CIS https://lnkd.in/exDAaPfj

Irish Housing Supply Squeeze Continues to Drive Opportunities for Homebuilders in 2025 "As we await the proverbial ‘white smoke’ signalling our incoming government, the Irish housing market enters 2025 with strong fundamentals for homebuilders. National prices rose 9% during 2024, according to the latest Daft.ie house price report and the final quarter saw average listed prices reach €332,109, marking a 30% increase since the pandemic’s onset. Dublin led the market with 9% growth, its highest inflation rate since 2017, while regional cities demonstrated robust growth: Galway (9%), Limerick (8.2%), and Cork (6.3%). Outside the main cities, Leinster showed particularly strong performance with 11.1% growth..." Ian Lawlor Read in full: https://lnkd.in/ePzintAW

To our colleagues, clients, and to all the homebuilders delivering much-needed housing across Ireland, we wish you a successful and prosperous 2025! We appreciate your trust and partnership throughout 2024, and we look forward to another year of collaboration and successful delivery 🎉

How hundreds of landowners successfully fought off tax to prevent hoarding of sites: Exemptions for Residential Zoned Land Tax, which comes into effect in February, are being granted as developers also mount legal challenges over claimed planning obstacles 🔗https://lnkd.in/e-KA3JPc

From Ian Lawlor and all the team at Roundtower Capital, Merry Christmas and best wishes for a prosperous 2025 🎄 Thank you for your continued support throughout 2024 - we look forward to returning in the New Year, supporting projects, and helping our homebuilder clients to deliver the homes so urgently needed across Ireland.

"We were not expecting new industry data this side of Christmas following last week’s wrap-up of the regions, and the latest figures from the Central Statistics Office will not come as ‘news’ to many in the industry..." Ian Lawlor   📈 2024 was a year of robust growth 💶 National prices increase by 9.7% 🏘️ Average Dublin house price €603,453 (up from €542,271) 🏡 Nationwide average house price €350,000 ↗️ Transaction volumes up 17.1% month-on-month 💶 October 2024: €2.1 billion in transactions 👥 FTB activity up 14% Read in full 🔗 https://lnkd.in/ek4QGHEi

Despite the Government targeting an average of 50,000 new homes annually, Uisce Éireann can only currently supply 35,000 new homes a year for the next five years, the head of the beleaguered water utility admitted

As the property year winds down, Ireland’s housing market continues to demonstrate resilience, with new data from the Central Bank revealing substantial growth in mortgage lending activity. October 2024 saw new mortgage agreements reach €1.1 billion, marking a significant 28% increase from the previous year and a robust 16% month-on-month growth from September. “This surge in lending activity points to sustained market demand, even before average new mortgage rates began to ease (falling to 4.03% in October from 4.08% in September – the lowest level observed since May 2023)…” Ian Lawlor Read in full 🔗https://lnkd.in/e_-gAMHZ

Irish Construction Output Could Increase By Over 5% in 2025 https://lnkd.in/dStjZiA3