Tag: Housing

Glenveagh Properties seek stock market funding to build 2,000 homes

Glenveagh Properties

Glenveagh Properties, a new Irish housebuilder backed by US private equity firm Oaktree Capital, is seeking finance for housing development by raising funds on the Dublin and London stock markets. Glenveigh, which comprises properties accumulated by Oaktree Captial in Ireland as well as the assets of Maynooth builder Bridgedale, has approximately 1,700 shovel-ready units. It states […]

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Minister signs Fast-Track Housing Legislation

Eoghan Murphy TD

New process could result in strategic housing decisions within six months The new Minister for Housing, Planning, Community and Local Government, Eoghan Murphy TD has signed the necessary Commencement Order and associated supporting Regulations to enable planning applications for large-scale housing developments of 100 units or more, and large-scale student accommodation projects, to be made […]

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Commercial construction reaches new heights in March: Ulster Bank PMI

Ulster Bank PMI March 2017

Simon Barry, Chief Economist, Ulster Bank, Republic of Ireland Irish Construction purchasing activity at the second-fastest pace in PMI survey’s history According to the Ulster Bank PMI March 2017, Rates of expansion remained strong in the Irish construction sector amid reports of improving client demand Highlights – March Ulster Bank Construction Purchasing Managers Index survey […]

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Ulster Bank Construction Purchasing Managers Index January 17

Ulster Bank Construction Purchasing Managers Index

Simon Barry, Ulster Bank Construction Employment up; Housing & Commercial activity growing, civils improving According to the Ulster Bank PMI January 2017, Irish construction activity continued to grow sharply in January 2017 on the back of higher new orders. The key highlight from the latest Ulster Bank Construction Purchasing Managers Index survey (PMI) was a […]

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The Housing Agency Report 2017

The Housing Agency

National Statement of Housing Supply & Demand and Outlook of 2017 – 2018. Key points New Builds Sufficient development land – Construction Growth – Progress in unfinished estate completions Sales Residential sales decline in 2016 – House price increases slower Rental Sector Rents rise across country – New rent highs in Dublin. Affordability problems in particular […]

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Help to Buy Scheme – 120 applications in first 12 hours

Help to Buy scheme

Ten applications per hour as Help to Buy Scheme opens Help to Buy scheme gets off to a quick start with some 120 first time buyers submitting applications in first 12 hours of it opening, according to the Revenue Commissioners. The Government’s first time buyers Budget 2017 incentive came into legislation in the new year. […]

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Statement from Construction Industry Federation on Central Bank mortgage review

Construction Industry Federation

Tom Parlon, CIF Director General Following the review of mortgage measures announced by the Central Bank today, CIF Director General, Tom Parlon, stated: “The CIF recognises that the Central Bank’s macro-prudential rules are part of a necessary regulatory framework within the Irish banking system. Today’s changes to the deposit rules may assist first-time buyers in […]

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Central Bank mortgage requirement changes are boost for Irish house building

Construction workplace fatalities

What Central Bank new mortgage measures mean for Irish construction industry Key changes designed “to improve the sustainability and effectiveness of the current framework” The Ceiling on the loan to value (LTV) ratio for all first time buyers to be set at 90%, from the current 90% for loans up to €220,000 and 80% for […]

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Industry could generate 112,000 construction jobs by 2020

Construction jobs

A new report by DKM Consultants shows that the Irish construction industry can grow on average by 9% per year up to 2020 but warns there are potential skills shortages. The report, commissioned by the Construction Industry Federation and carried out by DKM Econmic Consultants in conjunction with SOLAS, states that construction activity could potentially […]

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Ulster Bank PMI: Irish Construction orders at six-month high

Third quarter expansion for construction – Ulster Bank PMI According to the latest Ulster Bank Construction Purchasing Manager’s Index® (Ulster Bank PMI ®), the end of the third quarter of 2016 saw a monthly expansion in Irish construction activity. This was helped by quickening growth of new business. Rising workloads fed through to increases in […]

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