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Growth recorded in construction industry for the first time since 2007

Construction activity grew last month for the first time since 2007, the latest monthly survey of companies by Ulster Bank shows. The Ulster Bank Construction PMI index shows that the industry returned to growth last month on the back of an "accelerated" increase in new…

VAT may be cut on building work in next week's Budget

Building, Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News

Finance Minister Michael Noonan is reportedly planning a new construction stimulus package in next week’s budget. The move would not only provide much-needed employment but also provide much-needed family homes in the key urban areas. The Irish Independent has reported that a VAT cut for…

Construction sector moves closer to stabilisation

Building

The construction sector moved closer to stabilisation last month, according to Ulster Bank’s latest Construction Purchase Managers’ Index. The survey shows that new business continued to show signs of growth in August, up for the second successive month, while business optimism improved to the strongest…

Rate of construction decline eases at start of 2013

Building, Commercial Blog, Home, Industry News, Property News

The Irish construction sector continued to contract at the start of 2013, although rates of decline in activity, new orders and employment all eased during the month and business sentiment improved. Meanwhile, the rate of input cost inflation slowed. The Ulster Bank Construction Purchasing Managers’…

Construction sector continues to decline but at a slower pace

Building, General, Property News

The Irish construction sector once again registered a sharp fall in December but the rate of decline is slowing, according to the latest Ulster Bank Purchasing Managers’ Index. The sector posted 43.0 in December, up from 42.6 in November. Any reading below 50 signals a…

Job opportunities in property sector

Building, General, Home, Industry News, Property News

A new survey published by the Society of Chartered Surveyors Ireland has highlighted that there is currently a shortage of suitably qualified property graduates to fill available roles in the property sector. The survey also found that a shortage of graduates with surveying qualifications in…

Numbers renting increases by 47% in five year period

General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Renter, The Seller

The number of households renting their accommodation increased by 47% between 2006 and April 2011, new figures from the CSO have revealed. The figures, based on the Census 2011 results, show that 474,788 people were renting as of April 2011, up significantly on the 2006…

Businesses starting to feel more confident about Irish economy

Commercial Blog, Mortgages & Money, The Investor

A new business sentiment survey shows that Irish businesses are beginning to feel more confident about the outlook for the Irish economy as a whole. The latest KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment survey shows the first increase in employment in almost five years.…