Construction BUSINESS

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

 Breaking News
  • Opening of Stephenstown Link Road in Balbriggan The Stephenstown Link Road, constructed by Jons Civil Engineering, has been officially opened with Mayor of Fingal Cllr Anthony Lavin cutting the ribbon on this key piece of infrastructure development within Balbriggan. The new Link Road in Stephenstown Industrial Park runs from the existing roundabout on the Stephenstown Road to a new roundabout on Clonard Street Road, [...]...
  • The UK National Construction Expo – The Arena MK, Milton Keynes – 1st May 2019 The UK National Construction Expo is being held at the Arena MK, Milton Keynes in England on Wednesday, 1st May 2019. Although British construction activity overall has slowed, chiefly due to businesses continuing to postpone major building projects due to Brexit uncertainty, which is impacting the commercial construction and civil engineering sectors, house building remains buoyant. Of [...]...
  • Key Advisor Line-up For Waterford North Quays and Michael Street Development Projects Falcon Real Estate Development Ireland, the company that is backing the Waterford North Quays and Michael Street development projects, has appointed its key advisors including the leasing agency and design team for the project. Cushman & Wakefield, a leading global real estate service firm, has been appointed as the leasing agency for the entire North Quays [...]...
  • Ballymun’s Potential as a European Leader in Housing Planning and housing experts have examined Ballymun’s potential as a European leader for innovative housing development, as part of the recent Vienna Model of Housing exhibition in Dublin. Previous planning within the Ballymun area indicates a lack of consideration for community development, with no main street or community focal point currently present. Dublin City Council’s local [...]...
  • 200 Construction Jobs at Johnson & Johnson Vision Care Limerick Facility Approximately 200 workers are expected to be employed in the construction phase of Johnson & Johnson Vision Care’s planned €100 million expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The project is supported by the Irish Government through IDA Ireland. IDA Ireland CEO Martin Shanahan said: “This is a significant announcement. Already [...]...

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

CSO House Price Index – Level of New Dwellings Sold is Low
January 21
09:54 2019

Commenting on the CSO Residential Property Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said it is showing an expected trend first identified by IPAV’s own Residential Property Price Barometer published in February last and based on prices actually achieved by auctioneers.

Pat Davitt (pictured), IPAV Chief Executive, said: “The tapering in the level of house price growth despite the ongoing shortage of properties for sale, is to be expected on the back of the kind of very large increases that have taken place, particularly in urban areas. However, it should be said that many areas of the country are still playing catch-up, as evidenced by the 20.7pc increase in the Mid-West in the figures.”

He noted that of the dwellings registered with Revenue in November only just over 19pc were new dwellings. “It marks a very minimal increase on the previous month. Given that very little has been built in the last decade this figure should be much higher. It points to the ongoing problem with the building of new homes, which involves a host of issues from planning to the cost of finance.”

About Author



Related Articles

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 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here