Construction BUSINESS

Research

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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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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UK material prices soaring – FMB

    UK material prices soaring – FMB

A third of small building firms say that soaring material prices are squeezing their margins and almost a quarter have had to pass these price increases onto consumers, according to the latest research by the Federation of Master Builders (FMB), the largest trade association in the UK construction industry.
Construction SMEs have reported a range of material […]

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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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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 […]

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CRE professionals expect flux in Irish market

    CRE professionals expect flux in Irish market

The latest Origin Capital Commercial Real Estate Sentiment Tracker has shown that commercial real estate (CRE) professionals expect to see huge flux in the market in Ireland in the coming months.
The tracker, completed by 250 industry professionals, found that, alongside a predicted increase in the level of CRE activity, CRE specialists expect changes in transaction […]

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Irish construction firms spending more on UK imports amid weak pound

    Irish construction firms spending more on UK imports amid weak pound

Irish construction firms have more than doubled their spending on UK imports amid the pound’s weakness in 2017. According to analysis by FEXCO Corporate Payments, firms have spent 152% more on UK goods and services through May than they did in the first five months of 2016.
The frequency of UK imports purchased by Irish construction […]

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Low investment in regional infrastructure leading to dangerously imbalanced economy – CIF

    Low investment in regional infrastructure leading to dangerously imbalanced economy – CIF

The Construction Industry Federation has warned that low levels of infrastructural investment in regional areas will fundamentally undermine Ireland’s economic performance in the next decade. The warning came at the launch of the CIF’s Regional Development Roadmap in the Tullamore D.E.W Distillery  attended by Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs Heather Humphreys.
The […]

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CIF calls for increase in infrastructure spend

    CIF calls for increase in infrastructure spend

The CIF has called on the Government to increase infrastructure spending to 4-5% of GDP if the country is to avoid a serious “infrastructure crisis”. The CIF told the Oireachtas Committee on Budgetary Oversight that the Government should request greater freedom on infrastructure spending from the European Union, saying the lack of investment in infrastructure […]

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Role of construction to become more important to domestic economy

    Role of construction to become more important to domestic economy

A recent report by the ESRI has found that increased activity in the construction sector is impacting both investment and consumption. Higher levels of residential and commercial supply are increasing investment while higher actual and implicit rents are some of the main determinants of consumption.
The growth outlook for the Irish economy remains optimistic for 2016 […]

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Coveney announces two-week extension for submissions on National Planning Framework Ireland 2040 – Our Plan

    Coveney announces two-week extension for submissions on National Planning Framework Ireland 2040 – Our Plan

Minister Simon Coveney has announced that he has extended the public consultation phase of the National Planning Framework Ireland 2040 – Our Plan, from 16th March to Friday 31st March 2017.
Since the national consultation for the preparation of the Plan began on 2nd February, the Minister and his officials have had extensive engagement with stakeholders […]

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CIF celebrates International Women’s Day

    CIF celebrates International Women’s Day

Over 100 men and women attended the Construction Industry Federation’s (CIF) recently-held breakfast briefing on Increasing Female Participation in Construction. CIF Director of Industrial Relations, Jean Winters said: “The Construction industry is a very male dominated industry. We have about 136,000 people in the sector and just 8% of these are women. Unfortunately we don’t […]

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RIAI Honours Dr Ellen Rowley and Shane O’Toole

    RIAI Honours Dr Ellen Rowley and Shane O’Toole

The Royal Institute of the Architects of Ireland (RIAI) presented two esteemed awards at its Honorary Fellowship Lectures at the RIAI headquarters on Merrion Square in Dublin on Thursday.
Award-winning architectural critic Shane O’Toole received an Honorary Fellowship, while architectural historian Dr Ellen Rowley received an Honorary Membership. Both delivered lectures at the booked out event. […]

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The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

    The Benefits of R&D Tax Credits and the Knowledge Development Box for the Construction Sector

Post provided by Mazars.
From building technologies and enhanced decision-making systems, the advances in both digital technology and connectivity with established engineering systems and principles has created the much needed drive for innovation in the construction sector. Given recent opportunities and prior reflections, owners and practitioners alike should seek efficient projects, lower costs, advance materials and […]

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Mortgage Approvals Increase by 30.7 Percent in Final Quarter of 2016

    Mortgage Approvals Increase by 30.7 Percent in Final Quarter of 2016

The number of mortgages approved in the three months ending December 2016 rose by 30.7% year-on-year and fell  by 6.9% month-on-month, according to figures released by the Banking & Payments Federation Ireland on Friday.
The report also found that, during this time period, an average of 3,144 mortgages were approved per month. with 1,492 (47.4%) for first-time buyers (FTBs) while […]

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Athlone IT Launches Polymer Engineering Scholarships

    Athlone IT Launches Polymer Engineering Scholarships

A persistent shortage of polymer engineering talent in Ireland has prompted the launch of a new scholarship programme, Athlone Institute of Technology announced on Thursday. The JL Goor Polymer Engineering Scholarships, sponsored by the Institute of Materials, Minerals and Mining (IOM),  will enable two CAO applicants to pursue a polymer degree qualification while receiving a […]

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Construction Activity Continues to Rise for 40th Month in a Row

    Construction Activity Continues to Rise for 40th Month in a Row

The Ulster bank Purchasing Managers’ Index (PMI) for December, released on Monday, showed that activity in the construction sector constinued to rise until the end of 2016. The report gave December a 58.9 in December, down from 59.8 in November. For the PMI index, any reading above 50 represent a growth over the previous month.
Rates […]

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property in 2016 and showing that a total of €4.5 billion was invested in Irish CRE in the 12 month period. This is a significant result considering it excludes commercial properties traded as part of loan […]

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month, according to the latest figures from the Banking & Payments Federation Ireland (BPFI)  Mortgage Approvals Report for the three months ending November 2016, released on Thursday.
The report also found that a total of 3,377 mortgages were approved per month, on average, […]

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House Price Inflation to Accelerate by Year-end – Davy Research

    House Price Inflation to Accelerate by Year-end – Davy Research

House price inflation is expected to accellerate by year-end, according to research published by Davy Research on Monday. The analysis by David McNamara cited CSO house price data for October which showed another strong gain on the month with prices up 0.8%.
On the year, inflation is now running at 7.1% nationally and 6.1% in Dublin. […]

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a career website on Monday in the wake of a report that construction activity can sustain an additional 112,000 jobs up to 2020 with an estimated €17.8billion worth of projects in the pipeline in 2017.
The DKM economic consultants report, Demand for Skills in Construction to 2020, indicated that the […]

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Dublin Ranked Fourth Most Attractive City for Property Investment

Photo credit: Hans-Peter Bock hpbock@avaapgh.de
Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw €4 billion of real estate activity in the 12 months before September 2016, putting it behind Berlin, Hamburg and Frankfurt, and […]

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Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

    Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according to a new report released by property consultants, Savills Ireland, on Friday December, 2.
“Rents in some prime shopping locations have already risen by more than a third over the last three years,“ Director of Research […]

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25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

    25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

Research conducted by Daft.ie has found that 25% of available projects that qualify for the first-time buyers scheme are located in Dublin County. The research, published on Friday, November 25, found that the largest share of qualifying houses were in Dublin, followed by Kildare (14%), Meath (13%) and Cork (6%).
Daft.ie Public Relations and Communications Manager […]

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Virtual reality helping to make construction sites safer

    Virtual reality helping to make construction sites safer

Virtual reality may be still only an emerging phenomenon, but researchers in Bochum, Germany, believe that the fledgling technology can be used to improve health and safety conditions on construction sites.
This is done by creating interactive training courses for virtual reality headsets. Intended for use by both construction workers and health and safety experts, individuals […]

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€1m boost for geology research

The government will provide €1 million funding for 41 small scale geoscience research projects in 2016.
The projects have been funded by the Geological Survey of Ireland in the Department of Communications, Energy and Natural Resources as part of the 2015/2016 GSI Geoscience Research Short Call, and will be of less than one year in duration.
“We […]

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