Labour costs could be on course to rise in the construction industry as some firms in the sector report difficulties in recruiting staff. According to the latest Purchasing Managers’ Index from BNP Paribas Real Estate Ireland, wage pressures in the sector have remained “well contained” so far with 23,300 more construction workers being hired last…
Tag Archives: construction
Land deals to the value of €648 million were transacted in 2021, representing growth of 11% on the previous year, a report from property consultants Savills Ireland concluded. Demand for land in prime areas with planning permission in place was described as ‘very strong’, attracting significant bids. Sites without permission have also been performing well,…
Growth in the Irish construction sector accelerated at the start of the year as the impact of the Omicron wave of Covid-19 subsided and demand rose. This is according to the first BNP Paribas Real Estate Ireland Construction Total Activity Index. More work and greater optimism saw construction firms increase purchasing in January – as…
Site shutdown sees building activity stall for the third month in a row Construction activity declined for the third month running in March as most building sites remained shuttered due to Covid-19 restrictions. Activity across all sub-sectors fell sharply, according to Ulster Bank’s monthly measure of activity in the sector, but the pace of decline eased…
Lockdown dealt a heavy blow to many sectors since March last year. The shutdown of the hospitality and services sectors alone was one of the heaviest hits. Consumer spending data suggests significant pent-up consumer demand which will be unlocked once restrictions are eased. Lockdown dealt a €2bn hit to construction output in 2020 – report…
Construction activity continued to fall sharply in May but at a softer pace than in April, the latest Ulster Bank Construction PMI survey shows today. The Purchasing Managers’ Index, which tracks changes in total construction activity, posted a reading of 19.9 in May. This was up from 4.5 in April as the construction sector opened up…
A housing alliance which is building affordable homes is getting a site ready to reopen next week, despite not having permission to re-start work from the State Housing Agency. The Ó Cualann Cohousing Alliance has said they want to re-open their construction site in Ballymun in Dublin, but the development is not on the list of 35…
Construction is resuming on 35 social housing projects to ensure local authorities can deliver accommodation for people currently in emergency accommodation or at risk of homelessness during the current pandemic, the Department of Housing, Planning and Local Government confirmed. However, the Construction Industry Federation has warned members that if they do not comply rigorously with…
The price of agricultural land dropped by 6% last year, according to the latest review from the Society of Chartered Surveyors and Teagasc. The average price for an acre of land nationally was €8,823 in 2019, down from €9,346 in 2018. Munster recorded the biggest yearly fall in selling price at 9%, while selling prices…