Construction BUSINESS

Housing

AIB launches new €500m social housing fund

    AIB launches new €500m social housing fund

Bank says money will finance 3,000 new units AIB is launching a new €500 million fund to back the development of up to 3,000 social houses. It is a follow-on from

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Devil in detail of redress scheme for mica homeowners

    Devil in detail of redress scheme for mica homeowners

Square-foot caps on rebuilding costs will still leave many property owners out of pocket Homeowners caught up in the mica scandal said the devil would be in the detail of

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Mica redress scheme finalised after intense talks on increased rates

    Mica redress scheme finalised after intense talks on increased rates

Darragh O’Brien to bring memo to Cabinet on revised scheme for rebuilds in Donegal and Mayo The Government finalised a redress scheme late last night for thousands of families in Donegal and Mayo affected

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O’Flynn seeks to build 275 homes on Cork’s northside

    O’Flynn seeks to build 275 homes on Cork’s northside

Plans have been submitted for a strategic housing development on the north side of Cork City. O’Flynn Construction wants to build 275 residential units off the Ballyhooly Road in Ballyvolane.

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First-time buyers squeezed out by high prices, lack of stock and competition

    First-time buyers squeezed out by high prices, lack of stock and competition

First-time buyers (FTBs) are being squeezed out of the market for new homes, with cash-rich purchasers and cuckoo funds snapping up half the available stock. New figures from the Banking

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Mica redress: ‘We just want our lives and our homes back’

    Mica redress: ‘We just want our lives and our homes back’

Donegal family, whose house must be demolished, ready for second Dublin protest In Quigley’s Point in Co Donegal, the Noone family has the placards ready. “I’ve already phoned the three children’s schools and

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Why hundreds of finished homes lie empty across the country

    Why hundreds of finished homes lie empty across the country

Castle View, a brand-new housing estate with 100 residential units in Lucan, Co Dublin, was completed in May. Pristine and picture perfect, the houses are energy-efficient, and the development also

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No international expertise sought on mica problem

    No international expertise sought on mica problem

The Department of Housing has not engaged with officials in other countries regarding properties afflicted with construction problems involving defects such as mica in concrete blocks. Minister for Housing Darragh

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Mary Lou McDonald describes affordable housing plan as ‘absolute failure’

    Mary Lou McDonald describes affordable housing plan as ‘absolute failure’

A Government plan to build affordable housing has been described as an “absolute failure” after it emerged only eight homes will be delivered this year. In October 2018, the Government

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Dublin and Cork have highest average house prices in the country

    Dublin and Cork have highest average house prices in the country

The average price of a house is now almost €24,000 higher than it was a year ago, with the rise in prices more pronounced outside of city areas. As the Irish

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Students want accommodation shortages declared an ‘emergency’

    Students want accommodation shortages declared an ‘emergency’

DCU criticises Government plans as student housing construction deemed ‘uneconomic’ The Government must declare shortages of student housing and high rents an emergency as students consider deferring or dropping out

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Belief that building more homes will bring down prices ‘a red herring’

    Belief that building more homes will bring down prices ‘a red herring’

Housing conference hears many young people slaves to rent because of mortgage rules A belief that increasing housing supply – the key target of the Government’s multi-billion euro housing strategy

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Home-building potential of Irish wood underlined in new poll

    Home-building potential of Irish wood underlined in new poll

90% of Irish adults who took part in a recent poll don’t know the Irish forest industry produces enough wood to build over 44,000 homes per annum, according to Coillte.

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Minister defends ‘multifaceted’ Housing for All plan

    Minister defends ‘multifaceted’ Housing for All plan

Minister for Housing Darragh O’Brien has defended the Housing for All plan as a “different” and “multifaceted” strategy in which the State was the biggest builder. He said the plan,

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Will the government’s ‘Housing For All’ plan finally solve Ireland’s social housing crisis?

    Will the government’s ‘Housing For All’ plan finally solve Ireland’s social housing crisis?

Social housing in Ireland is at crisis levels due to a booming population and a limited supply of residential properties. Minister for Housing Darragh O’Brien is finally expected to unveil

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Fixing Celtic Tiger-era building issues ‘to cost at least €365 million’

    Fixing Celtic Tiger-era building issues ‘to cost at least €365 million’

The first submissions to the Government’s working group on defective homes indicate that the cost of remedying Celtic Tiger-era building issues will be at least €365 million. The Construction Defects

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Call for action as Cork awaits first major apartment project in 13 years

    Call for action as Cork awaits first major apartment project in 13 years

Regeneration and rejuvenation of city centre areas will fail to occur without major Government intervention, according to leading figures in the construction and business sector. Cork Chamber, the Construction Industry

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Ministers set to approve summer economic statement with capital boost for housing

    Ministers set to approve summer economic statement with capital boost for housing

Senior Government ministers are understood to have reached agreement on the summer economic statement, which is now due to be approved by a special Cabinet meeting. The statement, which is

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Fire defects at Park West apartments in Dublin to cost €5m to fix

    Fire defects at Park West apartments in Dublin to cost €5m to fix

Fire-safety defects estimated to cost more than €5 million to fix have been discovered at a large Celtic Tiger-era apartment complex in west Dublin. The Crescent Building in Dublin 12

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The cost of building materials rising – what does that mean for Ireland’s housing crisis?

    The cost of building materials rising – what does that mean for Ireland’s housing crisis?

A PERFECT STORM (literally, in some cases) of factors have conspired to turn up the pressure on Ireland’s housebuilders. Building sites have reopened, a wave of price inflation has hit

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CU Greener Homes scheme a one stop solution for home energy efficiency upgrades, credit union members will have warmer, more comfortable homes

    CU Greener Homes scheme  a one stop solution for home energy efficiency upgrades,  credit union members will have warmer, more comfortable homes

Motivated by comfort and warmth as well as energy savings, homeowners across Ireland are looking to invest in home improvements in 2021. To help people to upgrade their homes, Life

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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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

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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

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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

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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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