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 […]
HousingTen 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. […]
Economy, HousingAn ESRI report has found that demand for housing is greatest in Dublin, the Dublin commuter counties and other larger cities including Cork and Galway. However, the increase in housing completions recorded between the first quarter of 2013 and the last quarter of 2015 was concentrated outside of these regions. The disparity of pricing between […]
NewsWoodbank at Shankill, County Dublin is currently being developed by Ravenshall Developments which is run by Matt Gallagher, Eoin Gallagher and Frank Gunning. The scheme consists of 40 houses and 18 apartments and duplexes – all fitted out to the highest specifications. Weather permitting they are looking at a late April launch. There is a […]
NewsReacting to Minister Kelly’s reference to developers lowering their expectations for massive profits, Hubert Fitzpatrick, Director of the Irish Homebuilders Association (IHBA) stated that housing developers want to build houses to meet the growing demand, but can only do so when it makes economic sense. The market price of many homes throughout the country is […]
NewsThe CIF in Cork says that supply of housing in the city in no way matchs demand. According to CIF Regional Director, Conor O’Connell, statistics in the first 9 months of 2015 show that only 658 units commenced construction in Cork City & County. Of those 346 were one-off units which will not reach the market. […]
NewsDevelopers are set to receive a rebate if they build and sell affordable housing at below levels of €300,000 in Dublin and €250,000 in Cork, subject to certain conditions. According to the Government they will be eligible for a rebate of payment of local authority development levies on sale of the property but must demonstrate […]
NewsA further sharp rise in new business was central to improvements in activity, employment and confidence at Irish construction firms in October. Companies also continued to increase their purchasing activity, while the rate of input cost inflation moderated for the second month in a row. The Ulster Bank Construction Purchasing Managers’ Index (PMI)– a seasonally adjusted […]
NewsThe announcement yesterday evening by Minister for the Environment Alan Kelly that he is to reduce levies for construction and make changes to planning standards, will increase the supply of houses and lower construction costs significantly, according to the Construction Industry Federation (CIF). Director General of the CIF Tom Parlon stated: “The removal of costs […]
NewsThe CIF has called for the introduction of a temporary VAT rate of 9% for residential construction for a two year period. The request was made in the Federation’s pre Budget submission, which was published yesterday. The CIF have proposed six steps for inclusion in October’s budget, aimed at increasing levels of house building as […]
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