Construction BUSINESS

Housing

€1 Billion Investment Plan For 4,500 New Homes in South Dublin

    €1 Billion Investment Plan For 4,500 New Homes in South Dublin

South Dublin County Council have considered proposals that could deliver up to 4,500 new homes to the area. The total investment envisaged under the ambitious housing plan is in excess of €1 billion.
The lands under discussion include:

2,600 new homes at the recently approved Clonburris SDZ scheme,
1,000 new homes at Kilcarbery in Clondalkin,
500 new homes in […]

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The Vienna Model of Public Housing Exhibition Returns For Second Showing in Dublin

    The Vienna Model of Public Housing Exhibition Returns For Second Showing in Dublin

The internationally regarded Vienna Model of Housing is returning for a second period of exhibition in Dublin’s Civic Offices, Wood Quay from, Monday 1st July until Friday 26th July. Organised by Dublin City Council’s Housing Observatory in partnership with the City of Vienna and the Housing Agency, this second module builds on the success of the month long exhibition in […]

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Nearly Half of All Counties in Ireland Unaffordable For First Time Buyers

    Nearly Half of All Counties in Ireland Unaffordable For First Time Buyers

A new report issued by EY-DKM Economic Advisory, confirms that nearly half of all counties (46%) in the Republic of Ireland are now unaffordable for first-time buyers on an average income. The report titled “Just how affordable is housing for Ireland’s first time buyers?” provides an analysis of Ireland’s housing market using a unique modelling tool […]

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Level of New Dwellings Transacted is “Paltry”

    Level of New Dwellings Transacted is “Paltry”

Responding to the CSO Residential Property Price Index for April, Brokers Ireland said the low level of new dwellings being transacted is “paltry” – just 18.2pc of all transactions, marking a drop of 8.6pc on the same month last year.
Diarmuid Kelly, Chief Executive at the organisation which represents 1,250 Broker firms, said: “There is a […]

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Focus Ireland’s New 31-unit Social Housing Development Opened

    Focus Ireland’s New 31-unit Social Housing Development Opened

The Minister for Housing, Eoghan Murphy has officially opened Focus Ireland’s new 31-unit social housing development built by Duggan Brothers. The new social housing development will provide homes for a number of families and individuals in the heart of Dublin City Centre.
The new build encompasses a seven storey residential apartment building including basement, external envelope […]

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Over 10,000 Workers Joined the Irish Construction Workforce in 2018

    Over 10,000 Workers Joined the Irish Construction Workforce in 2018

A new report from the CIF shows that 10,600 extra workers joined the construction workforce in 2018, up 8% year on year and bringing the total workforce to 145,500. There was a 20% increase in investment in building and construction in 2018, with €26 billion invested during the year. The report shows that housing investment […]

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Housing Development in Limerick Awarded RIAI Silver Medal For Housing

    Housing Development in Limerick Awarded RIAI Silver Medal For Housing

The Royal Institute of the Architects of Ireland (RIAI) has announced the winner of the RIAI Silver Medal for Housing, which was awarded to Southill Older Persons’ Accommodation, Limerick by ABK Architects. The RIAI Silver Medal for Housing is the highest award for housing design given by the RIAI. It is a biennial award made to encourage excellence of […]

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Kingspan Powers Behind OFTEC’s Call For Homeowners to Choose Double-Skinned ‘Bunded’ Tanks

    Kingspan Powers Behind OFTEC’s Call For Homeowners to Choose Double-Skinned ‘Bunded’ Tanks

As one of Ireland’s most established oil tank manufacturers, Kingspan is fully behind OFTEC’s Bunded campaign which has been created to advise homeowners to replace single skin oil tanks with bunded oil tanks, for superior quality and safety of double-skinned bunded tanks. Bunded tanks differ from ‘single skin’ tanks due to their secondary containment tank, […]

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Fundamental Issues Remain Unresolved in Tackling Housing Crisis

    Fundamental Issues Remain Unresolved in Tackling Housing Crisis

Responding to the Daft.ie Rent Report for Quarter 1 2019, IPAV, the Institute of Professional Auctioneers & Valuers, said there are two questions that have not been addressed in the current housing crisis – one, does the State support those aspiring to own their own homes, and two, does it see a solution beyond institutional investors as […]

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Funding and Regulatory Obstacles Frustrating Delivery of Social and Affordable Housing

    Funding and Regulatory Obstacles Frustrating Delivery of Social and Affordable Housing

The Housing Alliance, a collaboration of six of Ireland’s largest Approved Housing Bodies (AHBs), has launched its new campaign, ‘More Social and Affordable Homes’, and met with members of the Oireachtas at a recent event in Dublin. AHBs are not-for-profit organisations that have a social purpose to provide for people’s housing needs by working in close co-operation […]

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€700,000 Peer to Peer Finance Raised in Just 5 Days For Waterford Housing Development

    €700,000 Peer to Peer Finance Raised in Just 5 Days For Waterford Housing Development

Propertybridges.com, Ireland’s peer to peer lender to the property development marketplace, has filled its biggest loan so far – €700,000 to facilitate the build of two new housing development projects in County Waterford. PropertyBridges.com has the backing of its ever growing community of lenders (now over 1,500 and growing every day) who see the benefits of […]

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Significant Slowdown in Dublin Housing Market

    Significant Slowdown in Dublin Housing Market

The average ‘sold price’ for houses across Dublin this year is almost identical to last year, indicating that growth in the housing market has slowed down, according to new research by Perfect Property, Ireland’s innovative property search engine. An analysis of the Property Price Register by Perfect Property shows that the average sold price of […]

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Funding to Build Two New Housing Developments in Waterford

    Funding to Build Two New Housing Developments in Waterford

Propertybridges.com, Ireland’s peer to peer lender to the property development marketplace, has launched its biggest loan so far – €750,000 to build two new housing development projects in County Waterford. The PropertyBridges.com plan is to lend across the country to over a 100 plus new housing development projects in the next three years with the […]

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Over a Third of Construction Companies Recently Hired an Irish Worker Returning From Abroad

    Over a Third of Construction Companies Recently Hired an Irish Worker Returning From Abroad

37% of Irish construction companies recently hired Irish workers returning from living and working abroad, according to recent survey findings. The survey, which was conducted by the Construction Industry Federation, also shows that family was the main reason for the returning diaspora.
The housing crisis has seen a huge need for more homes to be built […]

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Planning Permission For 913 Residential Units in Dunshaughlin, County Meath

    Planning Permission For 913 Residential Units in Dunshaughlin, County Meath

Gem Group has welcomed the approval of planning permission by An Bord Pleanála for a Strategic Housing Development (SHD) at Dunshaughlin East, Dunshaughlin, County Meath. The development will be located on a 28.3 hectare site at lands to the north of the R147/Dublin Road in the eastern part of Dunshaughlin. It will be built on […]

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89% of House Hunters Have Under €300,000 to Spend on a New Home

    89% of House Hunters Have Under €300,000 to Spend on a New Home

A new house, a central location, good transport links and a back garden are the top four ‘must have’ features house hunters require when searching for their new home, according to research from Perfect Property, Ireland’s innovative property search engine that lists properties for sale and to rent.
The research also shows that the busiest hour […]

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Ballymun’s Potential as a European Leader in Housing

    Ballymun’s Potential as a European Leader in Housing

Planning and housing experts have examined Ballymun’s potential as a European leader for innovative housing development, as part of the recent Vienna Model of Housing exhibition in Dublin. Previous planning within the Ballymun area indicates a lack of consideration for community development, with no main street or community focal point currently present.
Dublin City Council’s local […]

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Insight into Changes Facing the Dublin Housing System

    Insight into Changes Facing the Dublin Housing System

Early insights from a new study into the anticipated demographic  and migration changes facing Dublin’s housing system in the next 3 to 5 years were discussed during a recent seminar on ‘Demography, Migration, Integration and Housing’, as part of the events accompanying the Vienna Model of Housing, taking place across Dublin until 25th April.
The ongoing study, led […]

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Pioneering Vienna Model of Public Housing Exhibits Across Dublin

    Pioneering Vienna Model of Public Housing Exhibits Across Dublin

The pioneering Vienna Model of Housing will be showcased in a month long exhibition running from Monday 1st to Thursday 25th April and hosted across three Dublin venues: CHQ inDublin’s Docklands, The Rediscovery Centre in Ballymun and Richmond Barracks, Inchicore.
A number of seminars and events have been organised to run alongside the exhibition to introduce a wider debate on […]

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Construction to Start For First Stage of National Social Housing Programme

    Construction to Start For First Stage of National Social Housing Programme

534 new homes will be built in Dublin, Louth, Wicklow and Kildare in the first phase of Ireland’s first social housing Public-Private Partnership following agreement for €120 million of new investment. Half of the 25 year financing for the first stage of the scheme will be provided by the European Investment Bank, alongside backing from the […]

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CSO House Prices – Young People Forced to Miss Normal Financial Milestones

    CSO House Prices – Young People Forced to Miss Normal Financial Milestones

Responding to the CSO Residential Property Price Index for January showing yet further slowing in the rate of house price increases, Brokers Ireland said while the overall slowing is to be welcomed, the fact that there was a paltry increase of just 0.4pc in the number of dwellings purchased in January compared with January 2018 […]

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An Overview of the Irish Construction Pipeline

    An Overview of the Irish Construction Pipeline

A traditional barometer of the construction industry environment in Ireland is the number of cranes punctuating the Dublin skyline. “The crane count in Dublin reached a record 123 in March 2019 – the fifth consecutive month when the survey recorded a new high,” pointed out Tom Moloney, Managing Director of CIS (Construction Information Services), when […]

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BPFI Figures Point to a Growing Lost Generation

    BPFI Figures Point to a Growing Lost Generation

Commenting on the latest Banking and Payments Federation Ireland Housing Market Monitor, Brokers Ireland said it reinforces what is known from several other sources – that major behavioural change is being forced upon what should be the normal house buying public, particularly  aspiring first-time buyers on average salaries.
Rachel McGovern, Director of Financial Services at the […]

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National Construction Summit – This Thursday, 14th March 2019 – Citywest Exhibition Centre, Dublin

    National Construction Summit – This Thursday, 14th March 2019 – Citywest Exhibition Centre, Dublin

There is still time left to register to attend the fifth National Construction Summit, which will be held on Thursday, 14th March 2019 at the Citywest Exhibition Centre in Dublin.
The staging of the National Construction Summit is timely with construction industry output in the Republic of Ireland predicted to expand by 20% to €24 billion […]

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Progress on Tuath’s Social Housing Development in Dundalk

    Progress on Tuath’s Social Housing Development in Dundalk

Dundoogan, Haynestown is a planned 1100 home development, 112 of which Tuath Housing is acquiring for social housing in collaboration with the Department of Housing, Louth County Council and developer, Cannon Kirk Ltd. The first phase of 26 homes are due to be handed over this month with the remaining 86 homes ready for occupation […]

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Property Market Grows 8% – Almost Half of Homes Bought With Cash

    Property Market Grows 8% – Almost Half of Homes Bought With Cash

The latest quarterly Consumer Market Monitor (CMM), published by the Marketing Institute of Ireland and UCD Michael Smurfit Graduate Business School, shows slow but steady growth in Ireland’s residential property market, with 55,000 homes purchased in 2018, an increase of just 8% on the previous year. Excluding mortgages from the 2018 figures, there were almost 25,000 […]

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Housing Construction Activity in Fingal Rose in 2018 With 2,140 Homes Completed

    Housing Construction Activity in Fingal Rose in 2018 With 2,140 Homes Completed

Fingal County Council has welcomed the latest figures from the Central Statistics Office which show that 2,140 homes were completed in the county over the past year, accounting for almost 12% of the national total. Latest data from the CSO shows that the Dublin 15 had the highest level of activity in the country with 800 […]

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Structural Problems Still Haunt Property Market

    Structural Problems Still Haunt Property Market

Commenting on the latest CSO New Dwelling Completions, IPAV, the Institute of Professional Auctioneers & Valuers, said while going in the right direction with a 25% increase on 2017, it is well below 20,000, as predicted by IPAV.
Pat Davitt (pictured), IPAV’s Chief Executive, said apartments at a very low 13% of the 18,072 new dwelling […]

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Cairn Homes in New Joint Development With NAMA

    Cairn Homes in New Joint Development With NAMA

Cairn Homes plc, the leading Irish homebuilding company, has announced the signing of an investment venture agreement with the National Asset Management Agency (NAMA) creating a vehicle aiming to build in excess of 550 new homes on a 14.5 acre development site adjoining Cairn’s Parkside development, off the Malahide Road, in Dublin 13.
Under the investment […]

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BAM Acquires Stake in Irish Modular Homes Specialist

    BAM Acquires Stake in Irish Modular Homes Specialist

BAM has acquired a stake in leading modular homes provider Modern Homes Ireland (MHI). MHI constructs quality assured steel-framed homes and commercial buildings within a precision-controlled environment, with units being up to 95% constructed before leaving the factory. Financial terms of the transaction are not disclosed.
BAM has taken the strategic step with MHI, the only […]

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CSO House Price Index – Level of New Dwellings Sold is Low

    CSO House Price Index – Level of New Dwellings Sold is Low

Commenting on the CSO Residential Property Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said it is showing an expected trend first identified by IPAV’s own Residential Property Price Barometer published in February last and based on prices actually achieved by auctioneers.
Pat Davitt (pictured), IPAV Chief Executive, said: “The tapering in […]

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Dublin Property Prices to Rise 3.8% in 2019

    Dublin Property Prices to Rise 3.8% in 2019

Dublin estate agents expect property values to rise by an average of 3.8% this year – less than half the increase predicted in 2018, according to the 2019 Sunday Times Dublin Property Price Guide. Now in its 16th year, The Sunday Times Property Price Guide is the authoritative guide to the Dublin property market, featuring interviews […]

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Burkeway Homes Purchases Residential Site in Galway City Centre

    Burkeway Homes Purchases Residential Site in Galway City Centre

Following on from a strong year in 2018, this year will see even more activity for leading Galway property developers, Burkeway Homes. Responding to the housing demands of the Galway public, Burkeway Homes recently announced three new residential developments with a gross development value of over €100 million.
Early in 2018 Burkeway Homes completed Maoilín on […]

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Avondale Heights Social Housing Development Launched in Wicklow

    Avondale Heights Social Housing Development Launched in Wicklow

20 families have received an early Christmas present of a new home following the official opening of a new social housing development in Rathdrum, County Wicklow. The Avondale Heights development consists of 8 one-bed, 10 two-bed and 2 three-bed homes. The high-quality homes were constructed by Northern Irish contractors QMAC Construction Ltd, a company specialising in […]

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NSAI Publishes Protocol to Assess Homes Suspected of Being Affected by Mica or Pyrite

    NSAI Publishes Protocol to Assess Homes Suspected of Being Affected by Mica or Pyrite

The National Standards Authority of Ireland (NSAI) has published a standard protocol called I.S. 465. This protocol will be used by engineers, geologists and laboratories to assess, test and categorise the damage in properties negatively affected by defective concrete blocks, due to excessive free muscovite mica and pyrite. It will also give guidance on remedial […]

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FastHouse Could Deliver up to 40 New Houses a Month

    FastHouse Could Deliver up to 40 New Houses a Month

A Derry-based construction company says it could deliver 30 to 40 new builds per month to the Irish housing market. FastHouse specialises in rapid house delivery by building timber frame houses off-site through a panelised system.
The company currently has a capacity of 20 houses per week and is now in talks to work in the […]

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Six New Social Housing Units in Mooncoin, County Kilkenny

    Six New Social Housing Units in Mooncoin, County Kilkenny

Propertybridges.com, Ireland’s new peer to peer lender to the Property Development marketplace, is about to launch its first loans on the platform for County Kilkenny. The project consists of a 620,000 development loan to a local private developer in support of building six new houses for Kilkenny County Council. These will be made up of two […]

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Burkeway Homes Granted Planning For 197 Residential Units in Galway

    Burkeway Homes Granted Planning For 197 Residential Units in Galway

One of Ireland’s Leading Property Developers, Burkeway Homes, has been granted planning permission for a new 197-unit residential development. This 18-acre site is situated in the quaint suburban coastal village of Bearna.
With a Gross Development Value of €60 million, this impressive new development is due to commence in January, with Phase 1 house sales launching […]

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Glenveagh Now Has Landbank With Capacity For 11,634 Residential Units in Ireland

    Glenveagh Now Has Landbank With Capacity For 11,634 Residential Units in Ireland

Glenveagh Properties has completed two infill acquisitions in Dublin and Cork for a combined cost of about €20 million capable of delivering over 265 residential units. Including the latest acquisitions, the company’s landbank is now capable of providing 11,634 residential units. 53% of these units are located in Dublin and 83% are located in the Greater […]

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Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

    Major Shift in Irish Housing Construction Needed to Safeguard Future Sustainability of the Sector

A major shift in Irish construction practices is urgently required to safeguard the sustainability of the sector into the future, according to Guaranteed Irish, the not-for-profit business membership organisation championing 500+ homegrown and international businesses in Ireland. Guaranteed Irish recently hosted a roundtable discussion with members and other key decision-makers in the Irish construction, manufacturing, […]

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Stark and Growing Gap Between Mortgage and Rent

    Stark and Growing Gap Between Mortgage and Rent

Responding to the latest CSO house price figures indicating a continuing slowing in the rate of house price increases, 5.8pc in Dublin in the year to September and 10.8pc in the Rest of Ireland, Brokers Ireland pointed to a growing gap between repaying a mortgage on a home and paying rent on a similar home.
Rachel […]

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Residential Property Prices Rise by 8.2% in the Year to September

    Residential Property Prices Rise by 8.2% in the Year to September

In the year to September, residential property prices at national level increased by 8.2%, according to the CSO. This compares with an increase of 8.9% in the year to August and an increase of 12.0% in the twelve months to September 2017.
In Dublin, residential property prices increased by 5.8% in the year to September. Dublin […]

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70% Believe Irish Government Not Doing a Sufficient Job in Easing the Housing Crisis

    70% Believe Irish Government Not Doing a Sufficient Job in Easing the Housing Crisis

The findings of a nationally representative survey recently conducted by iReach highlight the pessimism of Irish people about the current state of housing and homelessness. The results also demonstrate a lack of faith from the public in the Government’s approach to the issue.

66% of people were not confident that Minister for Housing Eoghan Murphy’s most […]

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Opening of €11 Million Social Housing Development in Dublin

    Opening of €11 Million Social Housing Development in Dublin

Oaklee Housing’s newest €11 million turnkey development in Stormanstown House, Dublin, has been officially opened, further reducing the social housing waiting list. The €11million development completed in early October is part funded through a combination of funds from the Capital Advance Leasing Facility (CALF) (30%) and private finance from the Housing Finance Agency (70%). The […]

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Sisk Living Delivers 90 Social Houses in Tallaght

    Sisk Living Delivers 90 Social Houses in Tallaght

Sisk Living, the housing division of construction company John Sisk & Son, has formally handed over a development of 90 homes at Sheehy Skeffington Meadows in Tallaght to the client South Dublin County Council. The new homes, which will be used for social housing, were built as part of a design and build contract worth […]

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Property Bridges Launches Ireland’s First Peer to Peer Property Loans

    Property Bridges Launches Ireland’s First Peer to Peer Property Loans

PropertyBridges.com – a new Irish owned peer to peer property development company – has opened for business and has launched Ireland’s first peer to peer property development investment opportunity. The PropertyBridges.com platform will raise money for small developers, small construction companies and private companies looking to develop housing and match them with thousands of lenders […]

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SDCC Agrees Innovative 1000 Home Joint Venture Initiative in Dublin 22

    SDCC Agrees Innovative 1000 Home Joint Venture Initiative in Dublin 22

Following a detailed master planning and competitive tender process, South Dublin County Council has now agreed on the joint venture development of 975 homes on 72 acres of council lands at Kilcarbery in Clondalkin, Dublin 22. The mixed tenure development which will include 294 social housing units (30% of the development) is the first of […]

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New Phase of SVP Housing Scheme Officially Opened

    New Phase of SVP Housing Scheme Officially Opened

Phase 2 of the Society of St Vincent De Paul (SVP) St Benedict’s Housing Scheme at Estuary Road, Malahide, County Dublin has been officially opened by Eoghan Murphy TD, Minister for Housing, Planning & Local Government. St Benedict’s Phase 2 scheme provides an additional 8 x 1 bed units of accommodation for the elderly to the Society’s […]

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New Peer to Peer Business Model Launches For Housing Crisis

    New Peer to Peer Business Model Launches For Housing Crisis

PropertyBridges.com, Ireland’s new ‘peer to peer’ property platform, has officially been launched. The platform will raise money for small developers, small construction companies and private companies looking to develop housing and match them with thousands of lenders from the ordinary citizens of Ireland.
The business is being run by David Jelly (pictured left), Michael Fitzpatrick and Marc […]

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Fingal County Council Commences Procurement For Development of Ballymastone Site

    Fingal County Council Commences Procurement For Development of Ballymastone Site

Fingal County Council, as part of its commitment to increasing the supply of private and public housing in the County and creating sustainable communities, has commenced procurement for the development of a site at Ballymastone, Donabate, Countyy Dublin. This is the next step in an ongoing process and follows on from the Market Soundings which […]

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Fingal County Council Prepares to Roll Out €588 Million Capital Programme Over Next Three Years

    Fingal County Council Prepares to Roll Out €588 Million Capital Programme Over Next Three Years

Fingal County Council has approved the drawdown of an €8 million loan from the European Investment Bank (EIB) as it prepares to roll out its ambitious €588 million Capital Programme over the next three years. Last December. Fingal County Council signed an historic agreement with the EIB to secure a €70 million loan facility to support […]

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Majority of Irish People Planning Home Improvement Projects

    Majority of Irish People Planning Home Improvement Projects

Two-thirds (67%) of Irish adults are planning on renovating or redecorating their homes within the next 12 months, according to a survey carried out behalf of Hardware Association Ireland, supporting the association’s call for the Government to expend the Home Renovation Incentive Scheme.
Of those planning work, almost one-third (31%) expect to spend more than €5,000 […]

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Positive Housing Measures in Budget 2019 But More Required

    Positive Housing Measures in Budget 2019 But More Required

Property Industry Ireland (PII), the Ibec group for businesses working in the property sector, has welcomed the housing measures in Budget 2019 as positive but maintains that much more needs to be done. Dr David Duffy, Director, Property Industry Ireland (PII), commented: “The increase in spending on social housing is welcome but the emphasis must […]

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CIF Welcomes Increases in Infrastructure Investment and Affordability Measures in Housing

    CIF Welcomes Increases in Infrastructure Investment and Affordability Measures in Housing

The CIF has welcomed the €2.3 billion housing package and the 24% increase in capital infrastructure funding announced by the Government in the recent Budget. However, the CIF has expressed disappointment that there was no clarity in relation to an extension of the Help to Buy scheme which is due to expire in December 2019.
Director […]

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Dublin Housing Crisis Restricts Employers’ Ability to Recruit

    Dublin Housing Crisis Restricts Employers’ Ability to Recruit

New research commissioned by specialist regeneration and property developer U+I shows that Dublin’s housing crisis is seriously hampering business’ efforts to recruit and retain talent in the city. The Housing availability, recruitment and retention in Dublin research, conducted by market research company Behaviour & Attitudes*, surveyed over 100 senior hiring managers representing large national and international employers […]

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Housing Completions of 18,655 Units Forecast For 2018

    Housing Completions of 18,655 Units Forecast For 2018

Strong growth is likely to persist in the Irish economy through 2018 and 2019. This is indicated by rising private consumption, increases in taxation receipts and continued declines in unemployment rates. The ESRI’s latest Quarterly Economic Commentary states that GDP is expected to grow by 8.9 per cent in 2018, followed by 4.5 per cent growth in […]

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Hardware Association Ireland Calls For Imaginative Measures to Tackle Housing Crisis

    Hardware Association Ireland Calls For Imaginative Measures to Tackle Housing Crisis

Hardware Association Ireland (HAI) has called on the Minister for Finance to address the housing crisis in the forthcoming budget through the introduction of a Derelict Property Renovation Incentive Scheme. HAI has also urged the Minister to reduce VAT on construction from 13.5% to 9% for a two-year period in order to stimulate house building […]

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Government Launches €1.25 Billion Land Development Agency to Build 150,000 New Homes

    Government Launches €1.25 Billion Land Development Agency to Build 150,000 New Homes

The Government has launched the Land Development Agency to build 150,000 new homes over the next 20 years, the next step of Project Ireland 2040. The new Agency has an immediate focus on managing the State’s own lands to develop new homes, and regenerate under-utilised sites. In the longer-term it will assemble strategic landbanks from […]

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