The State’s largest property owner, Irish Residential Properties REIT, said today that the overall supply of new housing and apartments is expected to be impacted by the ongoing restrictions due to Covid-19. In a statement issued ahead of its AGM today, it said it continued to add to its portfolio with the addition of 73 new apartments […]
A housing alliance which is building affordable homes is getting a site ready to reopen next week, despite not having permission to re-start work from the State Housing Agency. The Ó Cualann Cohousing Alliance has said they want to re-open their construction site in Ballymun in Dublin, but the development is not on the list of 35 […]
New Central Statistics Office figures show the rate of inflation almost doubled in 2019 compared to 2018 with housing, water, electricity, gas and other fuels showing the biggest price increases since 2015. Consumer prices rose by 0.9% in 2019, after increasing by 0.5% in 2018 and by 0.4% in 2017.  The CSO said that during […]
Housing prices saw their first annual fall since 2012 this year, the latest Daft.ie Sales Report shows today. Housing prices fell by 1.2% during 2019, with the average price nationwide in the final quarter of the year standing at €250,766. This was 2.4% lower than in the third quarter and 1.2% lower than a year […]
Activity in the construction sector declined for the third month in a row, the latest Purchasing Managers’ Index from Ulster Bank shows. Ulster Bank’s Construction PMI showed a reading of 48.2 in November, up from 46.2 in October. Any figure under 50 signals contraction in the industry.  The November slowdown included a decline in activity […]
First-time buyers feel ‘pushed out’ by bulk investors Fianna Fáil is calling on the Government to restrict tax incentives for institutional investors in the Irish property market. The party said so-called “cuckoo funds” have given rise to entire housing developments being snapped up, locking out first-time buyers. A review by the Department of Finance into […]
Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered […]
Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered […]
High housing costs key driver of wage demands, conference told HIGH rents and housing costs are driving wage demands that have become the biggest single challenge facing businesses, according to Kevin Sheridan, managing director of Sheridan Cheesemongers. “Rising wages puts pressure on staff numbers and has a ripple effect through the business – I think […]
Housing completions up by over a fifth in first three months Housing completions were up by over a fifth in the first three months of 2019, according to Goodbody’s Housebuilding Tracker. It uses Building Energy Regulation (BER) data to compile its figures. The official data tracks electricity connection figures. According to Goodbody’s figures, 4,255 residential […]
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