Building Project Development in Ireland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Trowels down: Challenging market conditions will continue to impact investment

Debt attached to property assets, exacerbated by global financial downturn, was one of the main causes of the Irish property market crash in 2007. Since then, developers have faced a volatile operating environment characterised by solvency pressures, state intervention and rampant economic recovery. In 2009, the National Asset Management Agency (NAMA) was created to manage debt attached to property assets; it acquired €74 billion of debt from 11,500 loans of 850 debtors. As it sold off assets and recouped money from indebted developers, operators recapitalised and resumed activity.

Property developers consolidate financial, technical and material resources required to complete residential and non-residential construction projects. This industry excludes the construction phase of building projects.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.