Tag: Housing

Ireland Needs to Progress 45,000 Homes per Year to B3 Energy Rating

SEAI Deep Retrofit Conference Discusses Plans to Upgrade Ireland’s 1 Million Energy Inefficient Homes Over 200 building professionals, including architects, specifiers, builders, plumbers, engineers and researchers, gathered at SEAI’s second Annual Deep Retrofit Conference in the Aviva in Dublin. The conference brought together building energy efficiency experts from Ireland and Europe to discuss solutions to […]

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Cullaun Capital Launches as New Residential Development Lender In Ireland

Cullaun Capital

Cullaun Capital management team; Noel Ross, Stephen J Bell and Daire McCarthy. New Residential Development Finance Platform A team of Irish-based lending executives has launched Cullaun Capital, a new development finance platform to facilitate and accelerate the building of new homes in Ireland. The new platform is supported by TPG Sixth Street Partners (TSSP), the […]

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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

Simon Barry, Chief Economist, Ulster Bank, Republic of Ireland 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 (PMI) Ulster Bank PMI rose from 57.9 in February to break 60.8 […]

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Ulster Bank Construction Purchasing Managers Index January 17

Ulster Bank Construction Purchasing Managers Index

Simon Barry, Ulster Bank 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 near-record rise in employment as companies responded to greater workloads. […]

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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

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. First time buyers of new homes and first time self […]

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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

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 the balance of loans above €220,000. This will enable first-time buyers […]

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