Tag: IHBA

CIF Annual Conference: Opportunities and challenges

While the Irish construction sector is experiencing growth and many within the sector are optimistic about the future after surviving a horrendous recession, challenges still remain. Speaking at the CIF Annual Conference, held this year in Croke Park and in association with leading international law firm, Maples and Calder, Dermot O’Leary, Chief Economist with Goodbody […]

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CIF publishes pre Budget submission

The 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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CIF welcomes Housing Agency report

Construction Industry Federation

CIF Director for Housing Hubert Fitzpatrick says the publication of the Housing Agency’s National Statement of Housing Supply and Demand 2014 and Outlook for 2015 –17 is a timely contribution to the on-going housing debate. “The report clearly outlines the mismatch between new housing supply and housing demand, and confirms that the average new housing […]

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Dublin missing housing targets by 50%

Construction Jobs

According to new figures released by the Housing Agency just over 50% of the housing unites required for Dublin city county were built last year.  The agency recently published its first National Statement of Housing Supply and Demand which found that 11,000 new homes were provided nationally last year, just 73 per cent of the […]

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Housing Agency calls for 21,000 new homes per year

The Housing Agency has stated in its first annual report that Ireland requires 21,000 new homes every year for the next three years. According to Conor Skehan, Chairman of the agency, “a consistent challenge arising from the analysis gathered in this report is that there is a persistent mismatch between the supply and demand for housing, […]

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State to provide large loans to developers

The 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 […]

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Housing critical to Ireland’s recovery – new report

A new report states that Ireland urgently needs to resume construction and supply of affordable new homes. Our competitiveness, ability to create jobs and social inclusion can be damaged by the low level of supply and high cost of homes, it says. Endorsing the Government’s identification of affordability as a primary goal of housing policy, the […]

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Common sense the approach from new homebuyers

House Construction

Dublin property prices rose by 23.5% last year, says Keith Lowe, Chief Executive with DNG. “That was never going to happen again this year.” The reason for this he believes was a huge influx of purchasers who were buying to avail of a Capital Gains Tax exemption. “Prices in some areas went a little too high,” he […]

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“We cannot get past the viability test”

“The economy is ok, except for construction.” Dominic Doheny is speaking about the midlands, the line stretching from Cavan, through Athlone and Tullamore and down to Tipperary. Less than 90 minutes from Dublin but a world away when it comes to building houses. The former Chairman of the Irish Home Builders Association and current CIF […]

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