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 […]
HousingSpeaking to RTE in the immediate aftermath of the Budget announcement, CIF Director General Tom Parlon said that although there was a “wide appreciation” of problems facing the house-building sector, the new budget had “plastered over the issues”. “We needed something aggressive but that hasn’t transpired yet,” he said. “It’s too big an issue to […]
NewsThe CSO is reporting that the volume of output in building and construction increased by 5.5% in the second quarter of 2015 when compared with the preceding period. This reflects increases of 25.6%, 14.6% and 3.1% respectively in the volume of civil engineering, residential building and non-residential building work. The change in the value of production […]
NewsThere were signs of a slowdown in growth rates in the Irish construction sector during July, but activity, new orders and employment all continued to increase sharply during the month and business sentiment picked up. Meanwhile, input prices continued to rise, largely reflecting the weakness of the euro against sterling. The Ulster Bank Construction Purchasing […]
NewsThe Irish Times is reporting that the Irish government is preparing to enter the property market and will provide large loans to property developers through the Ireland Strategic Investment Fund, managed by the National Treasury Management Agency. The report states: “Given the shortage of new properties in the market and the weakening in price growth after introduction of […]
NewsMallinckrodt plc, a leading global specialty biopharmaceutical company, has announced a €45million investment to expand its Dublin-based operations. A new state-of-the-art manufacturing facility and office building are to be located at College Business and Technology Park, Blanchardstown, Dublin 15. The development will provide 300 jobs during the two-year construction phase and 45 skilled full-time positions once the construction is completed. Pictured […]
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