Construction BUSINESS

Housing

Cairn Homes to Introduce Duplex Homes to Parkside Development

    Cairn Homes to Introduce Duplex Homes to Parkside Development

Since its launch in 2015, Parkside located on the Malahide Road, has established itself as one of the most attractive and sought-after new developments in North Dublin. For the first time, Cairn Homes is introducing their brand-new duplex homes to the popular family-focused development. In addition to the new duplex homes, Parkside is also launching […]

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Hardware Sector Set For Strong Growth as Economy Expands and Housebuilding Recovers

    Hardware Sector Set For Strong Growth as Economy Expands and Housebuilding Recovers

Ireland’s robust economic performance coupled with the ongoing recovery in the housebuilding sector are driving strong growth in the hardware sector. Despite the severe weather in the early part of the year the hardware industry, including retail, wholesale and manufacturing, is now responsible for direct employment of 19,000 and an overall economic contribution of €377 […]

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Brokers Ireland Warns of Financial Impact of Inability to Buy Homes at Affordable Prices

    Brokers Ireland Warns of Financial Impact of Inability to Buy Homes at Affordable Prices

Responding to the latest CSO house price figures indicating continuing house price growth of 12.1% in the year to March in Dublin and 13.4% elsewhere, Brokers Ireland has warned that unless supply of properties ramps up more quickly in the near future a whole generation now in their late twenties and thirties, and even beyond, […]

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The Economic Picture and the Construction Sector

    The Economic Picture and the Construction Sector

“The Irish economy is firmly back on its feet,” according to Loretta O’Sullivan, Group Chief Economist at Bank of Ireland. “Consumer spending is just above its previous peak and will be an important driver of growth going forward.”
The improvement in consumer confidence is being fuelled by rising employment as the economy continues to create jobs. […]

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No Single Solution to the Imbalance in the Housing Market

    No Single Solution to the Imbalance in the Housing Market

“How do you intervene in a market that is out of balance? We have a lot of policies but implementation is vital,” remarked David Duffy, Director of Property Industry Ireland, the Ibec group that represents the sector, when assessing the issue and challenges facing Ireland’s housing market, where the growth in supply is lagging behind […]

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National Construction Summit 2018 – Ireland is Building Again, Says Housing Minister

    National Construction Summit 2018 – Ireland is Building Again, Says Housing Minister

By 2040 the population of the Republic of Ireland will have reached 6 million, according to Eoghan Murphy TD, the Minister for Housing, Planning and Local Government. He added: “Where are these people going to live and how will they live?”
The Minister was the opening speaker at the 2018 National Construction Summit, which was held […]

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A Plan For Affordable Housing

    A Plan For Affordable Housing

“All housing, not just for first time buyers, needs to be affordable. This means lower prices in Dublin and surrounding counties, which will bring down rents,” pointed out Colm McCarthy, Economist at University College Dublin, during the recent 2018 National Construction Summit.
Colm McCarthy was a main speaker at the event, where he presented his ‘plan […]

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Social Housing Construction Status Report and Social Housing Delivery Targets for Local Authorities 2018-2021

    Social Housing Construction Status Report and Social Housing Delivery Targets for Local Authorities 2018-2021

The Government has published the Quarter 4 2017 Social Housing Construction Projects Status Report, which sets out the significant progress made to date in advancing the construction pipeline, as well as social housing delivery targets for local authorities for 2018-2021. At end-2017, 2,512 homes were completed, 3,650 were under construction and 1,912 further homes were […]

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Analyses on the Cost of Delivering Housing in Ireland

    Analyses on the Cost of Delivering Housing in Ireland

The Government has published three reports on the cost of residential delivery in Ireland –  Review of Delivery Costs and Viability for Affordable Residential Developments; Cost analysis of the updated Sustainable Urban Housing: Design Standards for New Apartments, Guidelines for Planning Authorities; and Comparison of Residential Construction Costs in Ireland to other European Countries.
Commenting on […]

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Michael Carey Named Chair Designate of the Housing Agency

    Michael Carey Named Chair Designate of the Housing Agency

Following Government approval, Michael Carey has been nominated as Chair Designate of the Housing Agency, to take over from Dr Conor Skehan. Michael Carey has extensive experience in overseeing State bodies, having served as Chairman of Bord Bia since 2011 (his second term expired earlier this year), and he has also served as Chair of […]

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Minister for Housing, Planning and Local Government to Open National Construction Summit – 2nd May, 2018 – Citywest Convention Centre, Dublin

    Minister for Housing, Planning and Local Government to Open National Construction Summit – 2nd May, 2018 – Citywest Convention Centre, Dublin

Eoghan Murphy TD, the Minister for Housing, Planning and Local Government, will make the opening address at the 2018 National Construction Summit, being held on Wednesday, 2nd May at the Citywest Convention Centre, Dublin. The 2018 National Construction Summit is expected to attract more than 2,000 visitors, from across the country. The Minister for Housing, […]

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37 Communities to Become More Energy Efficient

    37 Communities to Become More Energy Efficient

Funded by the Department of Communications, Climate Action and Environment, the Sustainable Energy Authority of Ireland (SEAI) has announced that an initial €22 million will fund energy upgrades to 1,200 homes and 400 community and commercial buildings across 37 communities.  The support underpins total investment of €52 million and means the communities will have warmer […]

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€1.74 Billion Spent on Home Renovation Since 2013

    €1.74 Billion Spent on Home Renovation Since 2013

Irish homeowners have spent €1.737 billion in total through the Home Renovation Incentive (HRI) since its launch in 2013. This incentive has facilitated homeowners throughout the country in carrying out 107,386 home improvement projects over the last four years. These projects throughout Ireland have had an average spend of €16,187 per project, providing a huge […]

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Dún Laoghaire-Rathdown County Council Provides Over €742 Million For Future Development

    Dún Laoghaire-Rathdown County Council Provides Over €742 Million For Future Development

Dún Laoghaire-Rathdown County Council has agreed a Capital Expenditure Programme of over €742 million. The Three Year Capital Programme 2018-2020 will deliver a considerable number of infrastructural and housing projects that are of strategic importance to the County and the Region from both a social and an economic perspective. This will shape the development of […]

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Progress on Actions to Address Unfinished Housing Developments

    Progress on Actions to Address Unfinished Housing Developments

The Government has published the sixth annual progress report and seventh housing survey on tackling the issue of unfinished housing developments. This reveals a 91% reduction in the unfinished developments since 2010 from almost 3,000 to 256.  2017 saw the resolution of 165 developments.
The report includes the results from the 2017 National Housing Development Survey […]

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Four Times More New Houses Need to be Built in 2018 Compared to Last Year

    Four Times More New Houses Need to be Built in 2018 Compared to Last Year

Initiative Ireland, headquartered at NovaUCD, has launched a new annual housing report, entitled Housing 2031. The report was commissioned to provide a more accurate and consistent view of housing supply and demand over the last 25 years in the Republic of Ireland, to more reliably forecast true housing demand up to 2031.
Padraig W Rushe, CEO of […]

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Planning Scheme For Poolbeg Wins Overall Award For Excellence in Planning

    Planning Scheme For Poolbeg Wins Overall Award For Excellence in Planning

Dublin City Council’s planning scheme for a Strategic Development Zone (SDZ) on Dublin’s Poolbeg Peninsula was declared winner of the overall award for excellence in planning in Ireland by the Irish Planning Institute (IPI) at the Institute’s recent biennial awards gala. The scheme plans for up to 3,500 residential units along with substantial new commercial development, […]

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Development of Second-tier Cities Key to Sustainable Economic Growth

    Development of Second-tier Cities Key to Sustainable Economic Growth

Policies should aim to rebalance growth by encouraging regional development led by a small number of large urban centres outside Dublin, according to new ESRI research. If the current pattern of growth continues, it will lead to a further gap in prosperity between Dublin and the rest of the country. In Dublin, it will lead to additional […]

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Rebuilding Ireland Home Loan Introduced

    Rebuilding Ireland Home Loan Introduced

The Rebuilding Ireland Home Loan, a new Government-backed mortgage for first-time buyers, will be available nationwide from local authorities from Thursday, 1 February 2018. The loan can be used both for new and second-hand properties, or to build your own home.
In line with Central Bank rules, a person or couple can borrow up to 90% […]

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House Prices – More Onerous Rules For Non First-time-buyers Exacerbating Supply Issue

    House Prices – More Onerous Rules For Non First-time-buyers Exacerbating Supply Issue

The very slight moderation in house price inflation in the latest CSO house price data – from 11.6pc in the year to October to 11.3pc in November in Dublin and from 12.8pc to 11.7pc in the rest of the country in the same period, comes as no surprise as housing supply is still a gulf […]

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Residential Property Prices Rise by 11.6% in the Year to November

    Residential Property Prices Rise by 11.6% in the Year to November

In the year to November, residential property prices at national level increased by 11.6%, according to the CSO’s Residential Property Price Index November 2017 report. This compares with an increase of 11.8% in the year to October and an increase of 9.2% in the twelve months to November 2016.
In Dublin, residential property prices increased by […]

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Glenveagh Acquires Additional Sites to Deliver 660 Residential Units

    Glenveagh Acquires Additional Sites to Deliver 660 Residential Units

Glenveagh Properties, a leading Irish housebuilder listed on the Irish and London Stock Exchanges, has completed the acquisition of Brook Lane in Rush, County Dublin. Glenveagh has also signed an unconditional legal contract to acquire a development site at Millennium Park in Naas, County Kildare. These acquisitions have the combined potential to deliver in excess […]

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Review Confirms Core Elements of Mortgage Measures Remain Unchanged

    Review Confirms Core Elements of Mortgage Measures Remain Unchanged

The outcome of the annual review of the residential mortgage measures has been published by the Central Bank of Ireland. The review is based on analysis of mortgage lending data in the context of wider housing market developments. The review considered the appropriate setting for the measures in 2018, given the current conditions and the […]

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House Prices Could Rise By 20% From 2017 to 2020

    House Prices Could Rise By 20% From 2017 to 2020

New ESRI research analyses a number of demographic and economic factors to forecast trends in house prices. The research finds that over the period from 2017-2020, house prices could rise by 20% in real terms if projections for strong economic growth over the period are realised and if the slow rate of housing supply continues.
The […]

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SEAI Sustainable Energy Awards Recognise Impact of Innovative Energy Solutions in Design and Construction

    SEAI Sustainable Energy Awards Recognise Impact of Innovative Energy Solutions in Design and Construction

The Sustainable Energy Authority of Ireland (SEAI) recently announced the winners of its Sustainable Energy Awards at a gala event which saw Durkan Residential and Energy Communities Tipperary Co-Op receive awards. The Awards recognise excellence in energy management in businesses, communities and public sector organisations.
Durkan Residential Ltd, a Dublin based private housing developer who has […]

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Continuing House Price Inflation “Very Worrying”

    Continuing House Price Inflation “Very Worrying”

Responding to the latest CSO house price data showing continued acceleration in property prices with Dublin prices increasing by 12.2% in the year to September and prices in the rest of Ireland rising by 13.2% in the same period, Brokers Ireland which represents 1,300 broker firms, said “the deteriorating situation is very worrying.”
Diarmuid Kelly (pictured), Chief […]

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Residential Property Prices Rise By 12.8% in the Year to September

    Residential Property Prices Rise By 12.8% in the Year to September

In the year to September, residential property prices at national level increased by 12.8%, according to the last CSO figures. This compares with an increase of 11.8% in the year to August and an increase of 8.0% in the twelve months to September 2016.
In Dublin, residential property prices increased by 12.2% in the year to […]

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Ireland’s First Syndicated Property Finance Platform Launched

    Ireland’s First Syndicated Property Finance Platform Launched

Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a […]

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Guaranteed Irish Welcomes Support For Housing and Enterprise Development

    Guaranteed Irish Welcomes Support For Housing and Enterprise Development

Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]

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Rents in Dublin grew by 3.3% in Quarter 2 2017

    Rents in Dublin grew by 3.3% in Quarter 2 2017

According to the Residential Tenancies Board, private sector rents grew 6.6% in the year end to the end of June this year. However, the rate of increase in the second quarter was marginally slower than in Quarter 1. The standardised average national rent stood at €1,017 per month in Q2, 2017 – up by €63 – […]

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RIAI outlines key recommendations to increase delivery of new houses

    RIAI outlines key recommendations to increase delivery of new houses

The Royal Institute of the Architects of Ireland (RIAI) has published a report which highlights the lengthy timelines and complex administrative processes that impact delivery of new housing stock. Despite obvious demand for new houses and apartments, it can take upwards of three years for new homes to become available to purchase or rent.  While […]

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Budget 2018 must focus on increasing the supply of new homes

    Budget 2018 must focus on increasing the supply of new homes

Property Industry Ireland (PII), the Ibec group representing businesses working in the property sector, has said the upcoming Budget needs to focus on the urgent need to increase the supply of affordable housing. Speaking at the launch of the PII pre-Budget submission, Director, Dr David Duffy, stated: “Significant progress has been made in tackling the […]

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Finance Department – building sector must be closely monitored

    Finance Department – building sector must be closely monitored

A Department of Finance report has stated that the building sector must be closely monitored to prevent another housing boom. The report also said that a “strong supply response” is fundamental to tackling the housing crisis but that developments in the private sector require careful oversight to pre-empt the risk of a construction-led housing boom.
The […]

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Minister Murphy approves funding of €12m under Disabled Persons Grant Scheme

    Minister Murphy approves funding of €12m under Disabled Persons Grant Scheme

Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved funding of €12 million for the Disabled Persons Grant Scheme.
In welcoming the efforts being made by Local Authorities to improve the quality of life for those with disabilities and those affected by over-crowding, Minister Murphy stated, “This will greatly improve the housing conditions for […]

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CIF meets with Ministers to discuss supply of infrastructure

    CIF meets with Ministers to discuss supply of infrastructure

The CIF met with the Minister for Finance Pascal Donohoe and Minister for State Michael D’arcy in the Department of Finance this week to chart a way past blockages in the supply of critical residential, specialist buildings and infrastructure. The Construction Industry Federation (CIF) presented radical initiatives to increase investment in infrastructure and to establish a small […]

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200 additional emergency beds to be in place in Dublin by December 2017

    200 additional emergency beds to be in place in Dublin by December 2017

Minister Eoghan Murphy has announced the following outcomes on homelessness arising from the first phase of his review of Rebuilding Ireland and following the recently-held Housing Summit. As new measures are finalised and agreed, they will be announced.

200 additional emergency beds for individuals will be in place in Dublin by December 2017 (100 by end-October)
A […]

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Major initiative on housing emergency necessary to offset threat to social cohesion, future growth prospects

    Major initiative on housing emergency necessary to offset threat to social cohesion, future growth prospects

The Irish Congress of Trade Unions has told Finance Minister Paschal Donohoe that a failure to properly tackle the Housing Crisis in Budget 2018 would see Ireland “pay a high price in terms of future social cohesion, damage to future growth prospects and increased living costs for working people.”
Congress General Secretary Patricia King was meeting […]

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€3.75m allocated for construction of 24 local authority homes in Carrick-on-Shannon

    €3.75m allocated for construction of 24 local authority homes in Carrick-on-Shannon

According to a report in the Leitrim Observer, Sligo-Leitrim TD and Assistant Government Whip, Tony McLoughlin, has announced that €3,743,850 is being allocated to Leitrim County Council for the construction of 24 new homes under the Governments Local Authority Housing Construction Programme under the Rebuilding Ireland Programme.
The 24 New Social Homes comprising 16 x 2-bed houses and 8 […]

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Moves to restrict student housing must be opposed – Ibec

    Moves to restrict student housing must be opposed – Ibec

Ibec has called on Government to oppose and prevent measures under consideration by Dublin City Council to restrict student accommodation. The proposal seeks to provide planning authorities with an additional basis to oppose the building of student accommodation if there is already purpose- built student accommodation within a three square kilometre radius of the planned […]

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Affordable rental accommodation needed

    Affordable rental accommodation needed

Peter McVerry Trust, the national housing and homeless charity, has called on the Government to fund the building of affordable rental housing. The call was made following the release of a new rental report by property website Daft.ie, which found rents in Dublin are now 18% above their Celtic Tiger peak levels.
Pat Doyle, CEO at […]

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Work restarts at Adamstown

    Work restarts at Adamstown

More than 200 houses are currently under construction at the west Dublin suburb of Adamstown, with planning permission for 800 more expected to be approved by the end of the year. Almost 70% of homes are selling for under €300,000 in the area, against average Dublin house prices of more than €400,000.
Adamstown was initially designed […]

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Dept of Housing meeting on Donegal floods

    Dept of Housing meeting on Donegal floods

An inter-departmental meeting at the Department of Housing, Planning and Local Government took place last Friday to consider the actions taken and progress made in dealing with flooding in an area of Donegal. While there has been constant and ongoing contact between the Departments and agencies since the flooding occurred, today afforded an opportunity to […]

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Framework for Enhancing Fire Safety in Dwellings published

    Framework for Enhancing Fire Safety in Dwellings published

Eoghan Murphy, Minister for Housing, Planning and Local Government has published a Framework for Enhancing Fire Safety in Dwellings where concerns arise.
Welcoming publication of the Framework, the Minister said that “the Framework will provide much needed advice and guidance to homeowners living in dwellings where concerns regarding fire safety arise and will also be of […]

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Student crisis in the housing market

    Student crisis in the housing market

Right now, the Leaving Cert class of 2017 are poised to join the chronically undersupplied Irish housing market. That’s according to the latest Daft.ie report which shows that students will be seeking accommodation in one of the worst pressure points of the current market before the start of September. A cursory glance at the available […]

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House prices to rise by 15% over next three years

    House prices to rise by 15% over next three years

According to a survey conducted by the Central Bank, house prices are set to rise by 15% over the next three years. The survey of estate agents, auctioneers, economists and surveyors indicates prices will rise by eight% nationally this year.

They also said that Dublin prices are set to rise by 10%, with a shortage of properties […]

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91% of rental properties beyond reach of Rent Supplement/HAP payments

    91% of rental properties beyond reach of Rent Supplement/HAP payments

91% of [630] properties available to rent are beyond the reach of people dependent on state housing benefits, the Locked Out of the Market snapshot study by the Simon Communities in Ireland has found. Only one of these properties were available to rent for a single person within Rent Supplement/Housing Assistance Payment (HAP) limits and […]

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Minister Murphy announces actions on vacant homes

    Minister Murphy announces actions on vacant homes

Eoghan Murphy, Minister for Housing, Planning and Local Government, has announced a number of key actions already being taken by his Department and local authorities to progress the delivery of vacant homes back into use as soon as possible. This is being done in advance of the Vacant Homes Strategy to be announced in September.
Among […]

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Survey reveals one in five people might never afford their own home

    Survey reveals one in five people might never afford their own home

The 123.ie Irish House & Home Survey has revealed that affordability is a huge issue for those not currently on the property ladder with almost one in five (19%) reporting that that they don’t think they’ll ever be in a position to buy their own home, despite the fact that 91% of adults currently renting […]

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Affordability falling as house prices rise – EBS-DKM Affordability Index

    Affordability falling as house prices rise – EBS-DKM Affordability Index

The July EBS-DKM Affordability Index shows affordability falling as house prices rise. The Index reviews the issues, including housing supply, which are having a knock-on effect on affordability for first time buyers. The Index, which covers the period to the end of May 2017 finds:
First Time Buyer (FTB) working couples purchasing in Dublin were paying […]

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New empty houses database goes live

    New empty houses database goes live

A new national database aimed at recording and making use of Ireland’s vacant housing stock has gone live, as new government figures reveal the homeless crisis has worsened. VacantHomes.ie plans to draw information direct from local communities on empty properties in their areas and their owners, with a view to converting them into social housing.

The […]

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125 local buildings under construction in Laois

    125 local buildings under construction in Laois

According to a report in the Leinster Express, residential construction has increased by 36% year-on-year, according to the latest edition of GeoView published by GeoDirectory. A total of 5,966 buildings were classified as being under construction in the GeoDirectory database in June 2017, compared with the June 2016 figure of 4,375. Dublin continues to account […]

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House building remains static despite ‘huge demand’

    House building remains static despite ‘huge demand’

Demand for housing to address sharply rising property prices and a growing homeless problem have not translated into increased action on new projects. The Construction Industry Federation (CIF) says the same is true of much-needed large-scale infrastructure projects.
Figures from the industry group show that work started on €3.9 billion worth of projects in the first half of […]

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Increase in housing construction across Galway

    Increase in housing construction across Galway

Over 230 new houses have been completed across Galway so far this year, while a further 185 are under construction. Galway city showed the most dramatic increase in the country in terms of house construction between January and March this year, with work starting on 58 new units – compared to just two in the […]

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Cork city in bid to find social housing sites

    Cork city in bid to find social housing sites

According to a report in the Irish Examiner, housing officials in Cork city have launched a second bid to identify sites for social housing after the first initiative helped deliver more than 160 units in less than a year.
City councillors recently gave the green light to four social housing schemes which will deliver 109 units […]

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UK house prices rise for second month in a row

    UK house prices rise for second month in a row

According to a report in the Telegraph, house prices in the UK are once again showing modest signs of growth following months of decline earlier in the year. Nationwide Building Society’s latest house price index shows prices were up 0.3% month-on-month in July, lower than in June when prices were up 1.1%, but higher than between March […]

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Minister Murphy approves further 70 Rapid Build Homes in Dublin City

    Minister Murphy approves further 70 Rapid Build Homes in Dublin City

Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved the construction of 70 rapid delivery houses at three locations in Dublin City.  The houses will be built in Cherry Orchard, Ballyfermot (53 units) and in Rathvilly Park (13 units) and Woodbank Drive (4 units), Finglas.
The houses will comprise 39 three bedroom units and […]

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Construction industry will complete 18,000 homes this year

    Construction industry will complete 18,000 homes this year

The Construction Industry Federation (CIF) estimates that the level of new residential completions for 2017 will be in the region of 18,000 units with this figure expected to increase to approximately 20,000 units in 2018. This compares to 12,666 units in 2015, representing an overall increase of 42% from 2015-2017.
CIF Director General Tom Parlon said: […]

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New-home construction up 36% – GeoDirectory

    New-home construction up 36% – GeoDirectory

According to the GeoView report, published by GeoDirectory, the construction of new homes was up by a third in the 12 months up to June. The report also added that a substantial increase in building activity is needed.
GeoDirectory, a database of commercial and residential buildings compiled and managed by An Post and Ordnance Survey Ireland, […]

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