Construction BUSINESS

Housing

Softer Rise in Construction Activity Amid Storm Disruption

    Softer Rise in Construction Activity Amid Storm Disruption

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 50.6 in February, down slightly from 50.9 in January and

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Interest Rates – Irish Paying €82k More on €300K Mortgage Over 30 Years

    Interest Rates – Irish Paying €82k More on €300K Mortgage Over 30 Years

Commenting on the Central Bank report on retail interest rates for December, Brokers Ireland said Irish mortgage holders are paying 1.51% more than the euro area average and it is

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Continued Rise in Construction Activity as New Order Growth Quickens to Seven-month High

    Continued Rise in Construction Activity as New Order Growth Quickens to Seven-month High

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 50.9 in January, above the 50.0 no-change mark for the

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New Dwelling Completions Up 18% in 2019

    New Dwelling Completions Up 18% in 2019

According to the Central Statistics Office (CSO), 6,450 new dwelling completions were recorded in the fourth quarter of 2019, an increase of 19% on the 5,445 completed in the corresponding

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CIF Proposes Actions For the Next Government

    CIF Proposes Actions For the Next Government

Any future Government will require a thriving and dynamic construction industry to deliver any promises made during the election, according to the CIF. The reality is that the Irish society

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Surveyors Say Residential Property Prices Will Increase by 2% This Year With Rents Predicted to Rise by 5%

    Surveyors Say Residential Property Prices Will Increase by 2% This Year With Rents Predicted to Rise by 5%

A period of high price inflation appears to be drawing to a close and the property market looks set for a period of price stabilisation as we head into a

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Initiative Ireland to Expand Operations in Ireland and the UK

    Initiative Ireland to Expand Operations in Ireland and the UK

Initiative Ireland, the property finance and impact investment specialist, has announced that it plans to expand operations to fund the construction of  additional energy efficient, social and affordable houses across

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Home Ownership Critical to Wealth But Generation Losing Out

    Home Ownership Critical to Wealth But Generation Losing Out

Commenting on the latest CSO Household Finance and Consumption Survey, Brokers Ireland said while the survey underpins the importance of home ownership to household wealth the stark fact is, the

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SHD Planning Permission Granted For 426 New Homes at Farrankelly, Delgany, County Wicklow

    SHD Planning Permission Granted For 426 New Homes at Farrankelly, Delgany, County Wicklow

Cairn Homes is continuing its busy start to 2020 with news that full planning permission has been granted by An Bord Pleanála for the company’s strategic housing development at Farrankelly,

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Residential Property Prices Rise by 1.4% in the Year

    Residential Property Prices Rise by 1.4% in the Year

Residential property prices increased by 1.4% nationally in the year to November. This compares with an increase of 1.0% in the year to October and an increase of 7.2% in

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Senior Management Appointments at Cairn Homes

    Senior Management Appointments at Cairn Homes

Cairn Homes plc, the leading Irish home building company, has announced three senior management appointments – Maura Winston as Director People and Organisation; Fergus McMahon as Commercial Director; and Kevin

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Masterplan For Major Limerick City Centre Development

    Masterplan For Major Limerick City Centre Development

The Land Development Agency (LDA), Limerick City and County Council (LCCC), the HSE and CIÉ have signed a Memorandum of Understanding for the creation and implementation of a master-plan for

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Construction Activity Returns to Growth in December

    Construction Activity Returns to Growth in December

The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to track changes in total construction activity – posted above the 50.0 no-change mark for the first time in

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Cairn Announces Sale of 229 Units in Lucan

    Cairn Announces Sale of 229 Units in Lucan

Cairn Homes plc has announced the forward sale of 229 private rental sector (PRS) residential units in Lucan, Dublin 22 to a special purpose company managed by Carysfort Capital, and

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Cairn Homes Receives Planning Approval For County Dublin Housing Development

    Cairn Homes Receives Planning Approval For County Dublin Housing Development

Full planning permission has been granted by An Bord Pleanála for Cairn Homes’ 380 unit strategic housing scheme at Newcastle, County Dublin. The site is located to the south of

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New Irish Start-up Uses Virtual Reality Tech to Design Customised Homes

    New Irish Start-up Uses Virtual Reality Tech to Design Customised Homes

Ireland generates millions of tonnes of building waste each year – VR Technology could actively reduce this. “Eliminating physical errors at design stage using VR technology will inevitably reduce waste and

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IPAV Calls For Official Monthly Index of Building Input Costs

    IPAV Calls For Official Monthly Index of Building Input Costs

Responding to the CSO Residential Property Price Index for October, IPAV, the Institute of Professional Auctioneers & Valuers, said it strongly supports the view of the ESRI that the cost

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34,000 New Dwellings Required Each Year Until 2030

    34,000 New Dwellings Required Each Year Until 2030

Assuming unchanged household formation patterns and net inward migration close to current levels, around 34,000 new dwellings would be required each year until the end of the next decade, according

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Irish Construction Activity Declines at Softer Pace

    Irish Construction Activity Declines at Softer Pace

At 48.2 in November, up from 46.2 in October the Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity

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Equity Fund Raises €50 Million to Deliver 2,000 New Homes

    Equity Fund Raises €50 Million to Deliver 2,000 New Homes

Pearl Property Managers Ltd has launched a new €50 million Residential Equity Fund which will provide equity investment for residential projects throughout the Republic of Ireland with a focus on

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Housing Completion Numbers Remain Below Levels Required

    Housing Completion Numbers Remain Below Levels Required

There were 5,667 new dwelling completions in the third quarter of 2019 – a rise of 22% compared to the corresponding period in 2018, according the CSO. There was also

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Ireland’s First Affordable Purchase Housing Scheme Launched

    Ireland’s First Affordable Purchase Housing Scheme Launched

The Affordable Housing Scheme at Boherboy Road, Lotamore, Mayfield, Cork has been launched. The €40 million value project on a 13-acre (5.13 hectare) site, assembled and being made available by Cork

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Construction Activity Declines at Fastest Pace Since June 2013

    Construction Activity Declines at Fastest Pace Since June 2013

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – fell to 46.2 in October from 48.3 in September. The rate

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Dramatic Changes For First-time House Buyers Not a Good Trend

    Dramatic Changes For First-time House Buyers Not a Good Trend

The most recent Central Bank Household Credit Market Report reveals the very dramatic changes underway, particularly for first-time buyers (FTBs),

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Quintain Launches Irish Subsidiary to Develop More Than 9,000 Homes

    Quintain Launches Irish Subsidiary to Develop More Than 9,000 Homes

Quintain, the London-based developer, has established a subsidiary in Ireland with plans to develop more than 9,000 new homes and

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First Decline in Construction Activity Since August 2013

    First Decline in Construction Activity Since August 2013

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – fell

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Planning is Not the Roadblock to Housing Delivery

    Planning is Not the Roadblock to Housing Delivery

“Planning is not the roadblock to housing delivery,” according to Joe Corr, President of the Irish Planning Institute (IPI), the

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Continuation of Help-to-Buy Scheme in Budget 2020 Welcomed

    Continuation of Help-to-Buy Scheme in Budget 2020 Welcomed

The continuation of the Help-to-Buy Scheme in the 2020 Budget has been welcomed by Property Industry Ireland, Brokers Ireland, EY

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€75 Million Lusk Village Quarter Launched

    €75 Million Lusk Village Quarter Launched

McGarrell Reilly, the privately-owned property group specialising in high quality residential and commercial developments mainly in Ireland, has launched plans for

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RIAI Conference 2019 – October 4th & 5th – RDS, Dublin

    RIAI Conference 2019 – October 4th & 5th – RDS, Dublin

Minister for Housing, Planning and Local Government, Eoghan Murphy, and RIAI President David Browne will open the Royal Institute of

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Extension of the Help to Buy Scheme Key to Solving Housing Crisis

    Extension of the Help to Buy Scheme Key to Solving Housing Crisis

CIF is calling for an extension of the Help to Buy scheme as a top priority in their recent Pre-Budget

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Solid Rise in Construction Activity, But New Order Growth Slows to Four-and-a-half Year Low

    Solid Rise in Construction Activity, But New Order Growth Slows to Four-and-a-half Year Low

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – rose

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Tuath Housing Set to Finalise €118 Million Low-Interest Financing Deal

    Tuath Housing Set to Finalise €118 Million Low-Interest Financing Deal

Ireland’s fastest growing Approved Housing Body plans to capitalise on the current ‘lower for longer’ interest rate environment to accelerate its planned delivery programme of 2,000 social homes by end 2022. Tuath Housing Association currently manages 5,000 social homes

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RIAI Priorities For Budget 2020 Include Housing, Environment and Better Use of Public Funds

    RIAI Priorities For Budget 2020 Include Housing, Environment and Better Use of Public Funds

The Royal Institute of the Architects of Ireland has called upon the Government to use Budget 2020 to address serious

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Sustainable Apartment Living For Ireland

    Sustainable Apartment Living For Ireland

A new report on sustainable apartment living in Ireland was launched by the Housing Agency and Clúid Housing. Amongst some

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Affordability and Uncertainty Push Irish Property Price Inflation Lower

    Affordability and Uncertainty Push Irish Property Price Inflation Lower

Irish house price inflation eased further to 2.0% in June from 2.6% in July. The annual increase in June is the slowest

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Increases in New Dwellings Still Short of Requirements

    Increases in New Dwellings Still Short of Requirements

Commenting on the latest CSO New Dwelling Completions for Quarter 2, 2019, IPAV, the Institute of Professional Auctioneers & Valuers,

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BSI Establishes New Framework For Installation of Energy Efficiency Measures in Existing Dwellings

    BSI Establishes New Framework For Installation of Energy Efficiency Measures in Existing Dwellings

Introducing energy efficiency measures into buildings brings benefits and savings, namely the reduction in energy bills and carbon emissions resulting

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Extend the Strategic Housing Development Scheme – Ibec

    Extend the Strategic Housing Development Scheme – Ibec

Ibec, the group that represents Irish business, has called for the extension of the Strategic Housing Development scheme. Aidan Sweeney, Ibec Senior Public

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Lagan Investment’s Acquires Majority Stake in GB Business

    Lagan Investment’s Acquires Majority Stake in GB Business

Lagan Investments, the investment vehicle formed following the sale of Kevin Lagan’s building materials business to Breedon in 2018, has

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Next Generation of Sustainable Social Housing in Kerry

    Next Generation of Sustainable Social Housing in Kerry

Clúid Housing, in partnership with Kerry County Council, Rebuilding Ireland and Kerry-based Thermohouse Ltd, the leading Irish low energy building system

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PropertyBridges.com Announces New Investment Partnerships With Lagan Investments and Enterprise Ireland

    PropertyBridges.com Announces New Investment Partnerships With Lagan Investments and Enterprise Ireland

Propertybridges.com, Ireland’s peer to peer lender to the property sector, has announced that it is bringing on further investment partnerships

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€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

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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

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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

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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

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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.

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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

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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,

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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