Construction BUSINESS

Housing

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 – […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

€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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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: […]

Read Full Article

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, […]

Read Full Article

Public consultation on Review of Rebuilding Ireland

    Public consultation on Review of Rebuilding Ireland

Eoghan Murphy, Minister for Housing, Planning, Community and Local Government has opened a public consultation process, inviting submissions on the targeted review of the Government’s Rebuilding Ireland Action Plan for Housing and Homelessness, following its first full year of implementation.
Rebuilding Ireland was published on 19 July 2016 as the Government’s response to the biggest single […]

Read Full Article

New home construction in US rises in June

    New home construction in US rises in June

According to official figures, construction of new US homes rebounded in June to its highest level in four months, a sign that homebuilders may finally be responding to soaring demand.
The June jump in construction pointed to a turnaround after several sombre reports in start of the year that had caused analysts to fear a shortage […]

Read Full Article

Construction upturn sees estates finished in Cork

    Construction upturn sees estates finished in Cork

According to a report in the Irish Examiner, the upturn in housing construction is leading to a large number of previously unfinished estates being completed in Co Cork. The council’s senior planner, Andrew Hind, has said that, in 2010, there were 296 unfinished estates in the county, but that figure had now been whittled down to […]

Read Full Article

Withdrawal of the Help To Buy Scheme will exacerbate Ireland’s housing crisis – CIF

    Withdrawal of the Help To Buy Scheme will exacerbate Ireland’s housing crisis – CIF

The Construction Industry Federation (CIF) has warned that any withdrawal of the Help-To-Buy (HTB) Scheme will further restrict Ireland’s housing supply and compound the housing crisis. CIF Director General Tom Parlon said: “The Help To Buy scheme has been a significant contributor to the growth in residential construction activity. Any suggestion of a withdrawal of […]

Read Full Article

Residential property prices rise by 11.9% in the year to May

    Residential property prices rise by 11.9% in the year to May

In the year to May, residential property prices at national level increased by 11.9%. According to the Central Statistics Office (CSO), this compares with an increase of 10.0% in the year to April and an increase of 5.4% in the 12 months to May 2016.
In Dublin, residential property prices increased by 11.2% in the year […]

Read Full Article

Growth of construction activity remains elevated at end of Q2

    Growth of construction activity remains elevated at end of Q2

According to the Ulster Bank Construction Purchasing Managers’ Index (PMI), Irish construction firms posted a further strong rise in business activity during June. This was despite an easing in the pace of growth, which mirrored a slowdown in the rate of expansion in new orders.
Employment continued to increase at a substantial pace, while business sentiment […]

Read Full Article

Irish firm aims to finance construction of 250 new homes by Dec 2018

    Irish firm aims to finance construction of 250 new homes by Dec 2018

Minister for Housing, Planning and Local Government, Eoghan Murphy has welcomed the announcement from InitiativeIreland.ie on the upcoming launch of Ireland’s first syndicated property finance platform. The initiative aims to fund the construction of 250 new homes over the next 18 months.
Supported by Enterprise Ireland and headquartered in NovaUCD, the company was founded in 2015, […]

Read Full Article

National house prices rise in line with expectations with the Dublin market to the forefront

    National house prices rise in line with expectations with the Dublin market to the forefront

According to Marian Finnegan, Chief Economist at Sherry FitzGerald Group, the average value of Irish houses and apartments rose by 2.5% in the second quarter of 2017, bringing growth in the year to date to 4.4%. This represents an increase on the 2.7% recorded in the opening six months of 2016.
House prices in Dublin were […]

Read Full Article

Minister Eoghan Murphy publishes urgent Planning Bill to provide for second extension to planning permissions

    Minister Eoghan Murphy publishes urgent Planning Bill to provide for second extension to planning permissions

Eoghan Murphy, Minister for Housing, Planning, Community and Local Government has published the Planning and Development (Amendment) Bill 2017 which provides for second extensions of planning permissions in certain circumstances. This provision is very significant in enabling developers to complete unfinished housing developments.
The emergency Bill is being prepared to enact the relevant provision before summer […]

Read Full Article

New houses for Mayo under local authority construction programme

    New houses for Mayo under local authority construction programme

The Minister for Rural and Community Development, Michael Ring, has welcomed the announcement that a provisional budget of over €6.3 million has been allocated to Mayo in a local authority housing construction programme under the Rebuilding Ireland Scheme. The funding will allow for the construction of 36 houses – four in Achill, 14 in Ballinrobe […]

Read Full Article

New Regulations to fast track large scale developments

    New Regulations to fast track large scale developments

Minister for Housing, Planning, Community and Local Government, Eoghan Murphy, has signed the necessary Commencement Order and associated supporting Regulations which will enable planning applications for large-scale housing developments of 100 units or more and large scale student accommodation projects, to be made directly to An Bord Pleanála (the Board).
The introduction of these temporary new […]

Read Full Article

Brexit is potentially a game-changer for UK construction

    Brexit is potentially a game-changer for UK construction

“The UK construction industry is in a precarious situation on the labour supply side,” according to Michael Dall, Construction Market Analyst at Barbour ABI. “Brexit is potentially a game-changer with major implications for supply and demand.”
Michael Dall was speaking at the recent National Construction Summit, held at the RDS in Dublin. As Lead Economist at […]

Read Full Article

Anthony Neville appointed Chairman of the Irish Home Builders Association (IHBA)

    Anthony Neville appointed Chairman of the Irish Home Builders Association (IHBA)

Wexford man Anthony Neville has been elected Chairman of the Irish Home Builders Association (IHBA.)   Mr Neville was appointed following a unanimous agreement at the IHBA AGM on 16th May at Construction Industry Federation HQ in Dublin.
“It is an extremely exciting time to be in the IHBA, we have a long way to go, but […]

Read Full Article

RTÉ land at Donnybrook sells for €107.5m

    RTÉ land at Donnybrook sells for €107.5m

RTÉ has accepted a bid of €107.5 million from property group Cairn Homes for 8.64 acres of land at its Montrose complex in Donnybrook. In a statement released this week, Cairn said it plans to seek permission to build 500 apartments and nine houses on what it described as a “prime site in a unique […]

Read Full Article

Actavo becomes supplier of choice for Northseal Scaffolding

    Actavo becomes supplier of choice for Northseal Scaffolding

Actavo Hire & Sales’ Glasgow branch has become the supplier of choice for specialist contractor, Northseal Scaffolding. Working in partnership, Actavo’s and Northseal’s latest joint activity is the supply of scaffolding for a £130,000 project on behalf of East Ayrshire Council.
Based in Galston in East Ayrshire, Northseal supplies and erects scaffolding to commercial, private and […]

Read Full Article

Increase in house building in commuter-belt counties

    Increase in house building in commuter-belt counties

According to a recent CIF report, more new houses are being built nationwide than this time last year. Kildare has seen the sharpest increase in new projects, with a 203% increase in new residential units at the “commencement” stage. In addition, 176 new homes were recorded in the first two months of the year, compared […]

Read Full Article

Funding of €100k for Approved Housing Bodies gets green light

    Funding of €100k for Approved Housing Bodies gets green light

Damien English, Minister of State for Housing and Urban Renewal, has announced the approval of over €100,000 in funding for four Approved Housing Bodies (AHBs) under the Innovation Fund. This Fund was established, in line with the commitment made in Rebuilding Ireland, to provide AHBs with the means to test innovative ideas on new funding […]

Read Full Article

Minister Coveney launches the Rebuilding Ireland Housing Land Map

    Minister Coveney launches the Rebuilding Ireland Housing Land Map

Minister for Housing, Planning, Community and Local Government Simon Coveney has launched the Rebuilding Ireland Housing Land Map, a vital initial step in the new State Housing Land Management Strategy being developed under Ireland 2040, the National Planning Framework.
The map is the result of the collation of data by the Department of Housing, Planning, Community […]

Read Full Article

Industry needs 112,000 workers up to 2020

    Industry needs 112,000 workers up to 2020

Commenting on the recently announced CSO housing figures, CIF Director General Tom Parlon said the current housing shortage is the result of a decade of underinvestment in the housebuilding sector compounded by an infrastructure deficit and a market failure in finance for homebuilders. “Currently housebuilding, outside Dublin and Cork, cannot attract finance at viable rates […]

Read Full Article


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit

Upcoming Events

  • January 13, 2018Bouw&Reno
  • January 16, 2018Swiss Bau
  • January 17, 2018Formex
  • January 18, 2018Haeuslbauer
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements