The Irish government is set to participate in a major international property conference in France next month, aiming to attract private investment into the country’s residential construction sector.
Senior officials from the Department of Housing and the Department of Enterprise will represent the State at the European Real Estate Investment Conference in Cannes. They will be joined by executives from the Ireland Strategic Investment Fund, IDA Ireland, and key figures from the Irish property industry.
The annual event, attended by approximately 20,000 delegates, is considered a leading platform for attracting property investment worldwide. This marks the first time the Irish government will directly participate in the conference as concerns grow over major investment funds withdrawing from Ireland’s residential construction market.
A number of sovereign wealth funds and pension companies have confirmed their attendance at Ireland’s presentations during the conference. The government aims to secure part of the estimated €18 billion in private investment required annually to meet its target of delivering 300,000 new homes over the next five years.
A spokesperson for the organisers of the Irish Real Estate Investment Pavilion, which is coordinating Ireland’s involvement, emphasized the significance of the event. “This conference provides a unique opportunity for Irish representatives to speak directly to key decision-makers across European real estate. Our participation will help attract the capital needed to address Ireland’s housing supply challenges,” the spokesperson stated.
The government’s presence at the event aligns with its broader strategy to bolster housing supply and address ongoing affordability and availability issues. By engaging directly with international investors, officials hope to secure long-term funding that will accelerate construction and support Ireland’s economic growth.
