Ireland is to take part in a major international property event in France in March in a bid to attract investment to support the supply of new homes here.
The Irish delegation will include Government representatives, national agencies, regional authorities as well as figures from the private sector and housing experts.
The Ireland pavilion at Marché International des Professionnels de l’Immoblier (MIPIM) will be used to promote the country as an attractive destination for investment in the residential market.
The MIPIM conference, which will take place in Cannes from 9 to 12 March, is regarded as a key event for international property investors.
It is the second year that Ireland has participated in the event, which attracts over 20,000 delegates and €4 trillion in assets under management.
The attendees include property investors, funders, developers, industry advisers and consultants, senior politicians and policy advisers from around the world.
The Irish pavilion will host a programme of panel discussions and information sessions “to highlight the operational environment and growth potential for residential development in Ireland.”
The State-led participation in the event will be overseen by the Department of Housing, Local Government and Heritage, working with the Department of Finance, the Ireland Strategic Investment Fund and the Housing Agency.
The Irish Institutional Property and Property Industry Ireland will be among the private sector representatives.
It is estimated Ireland will require €20 billion a year in private investment to meet the Government’s target of building 300,000 homes by 2030.
Engaging domestic and international capital for the development of new housing is a key element of the new Housing Action Plan.
Minister for Housing James Browne said the event in France presents a very significant opportunity for Ireland to attract private investment to support the supply of new homes across the country.
Minister Browne added that Ireland provides “a stable and attractive venue for investment” in a volatile global environment.
He said investment is “at the heart of our ambitions to deliver the homes needed.”
“That is why we are enabling critical space for private capital to complement the largest ever levels of State investment in our history in infrastructure and housebuilding,” he added.
