Construction Industry News | The Irish Times

Developer Michael O’Flynn argues that the current 3.5 times income ratio that banks must apply to mortgage applications was too low, and should be increased to 4.5 times, a level allowed by financial regulators in the UK

Michael O’Flynn backs tax on those hoarding development land

Ciarán Hancock
June 21, 2017, 01:00

Property developer says he would reduce his house prices if Government cuts VAT

Wolseley said revenue grew 16.7 per cent to £4.27 billion in the three months ended April 30th.

Wolseley reiterates full-year forecast after quarterly profit rise

June 20, 2017, 07:47

UK heating and plumbing supplier reports 9.5 per cent rise in third-quarter profit

Jacobs has won contracts from multinationals such as Bristol Myers Squib and Pfizer.

Pension shortfall leaves Irish arm of Jacobs with €2m loss

Barry O'Halloran
June 19, 2017, 06:15

Engineering giant’s business in Republic grew revenues by close to 80% to €373m

Permissions were granted for 12,481 houses in 2016 compared to 10,250 the previous year, which equates to a 22% hike.

Elevated planning numbers no guide to future housing supply

June 17, 2017, 06:45

Cantillon: Latest CSO numbers point to big pick-up in planning permissions last year

Construction Industry Federation director Tom Parlon: told conference low spending on roads, schools, water treatment and other infrastructure, would hit the economy at a crucial time. Photograph: Eric Luke

House building ‘delayed by lack of water treatment’

Barry O'Halloran
June 15, 2017, 07:15

Irish Water unable to connect proposed new housing developments, conference hears

Anti-water charge protestors hail the shelving of the domestic levy as a victory. That could look hollow if problems with the network hit housing and jobs. Photograph: Dara Mac Dónaill

Can Irish Water soak up the cost of water treatment?

June 15, 2017, 05:45

Cantillon: Construction industry warns lack of infrastructure will affect new house builds

Tom Parlon: “The EU must be convinced of Ireland’s case to enable increased investment by our politicians.”

Lack of infrastructure spend poses 'threat of recession'

Barry O'Halloran
June 14, 2017, 14:15

EU rules ‘hamper ’ spending on vital projects

Lotus Investment specifically targets developers who are completing “ghost estates” or building new developments in the commuter belt counties outside the main cities, where there is an overspill of demand. Photograph: Krisztian Bocsi/Bloomberg

Lotus Investment sees housing supply rising to 20,000 this year

Eoin Burke-Kennedy
June 13, 2017, 18:38

Construction financier says it has already invested €200m in property-related projects

Construction activity has now risen in each of the past 45 months, as market conditions have steadily improved

Construction industry growth hits 15-month high

Laura Slattery
June 12, 2017, 06:45

Housebuilding surged in May, Ulster Bank purchasing managers’ index finds

There were 14,932 house completions in 2016, down from a height of 88,187 in 2006. Photograph: Getty Images/iStockphoto

Volume of residential buildings increases by 29% on the year

Peter Hamilton
June 8, 2017, 11:38

Building and construction index shows output jump of 7.2% in first quarter of 2017

Irish builders are using sterling’s weakness to buy materials from the UK

Irish building imports from Britain up 152% on weaker sterling

Mark Paul
June 6, 2017, 00:01

British goods and services currently regarded as a ‘bargain’ by Irish builders

Abbey completed 586 home sales during the year. Photograph: iStock

Housebuilder Abbey flags ‘moderate’ decline in sales

Joe Brennan
June 2, 2017, 18:17

Operating profits to be ‘in the region of’ last year’s result

Polls still show Theresa May’s Conservatives winning despite the opposition Labour Party narrowing down her lead

Strong construction data leaves sterling unchanged

June 2, 2017, 10:52

Pound has been choppy ahead of the UK election next week

Cork developer Michael O’Flynn told Newstalk on Friday that Nama was using Michael Noonan to deflect from the housing crisis. Photograph: Brenda Fitzsimons

Noonan says developers building houses have ‘nothing to fear’

June 2, 2017, 08:57

Minister confirms target of vacant sites levy will be landowners sitting on sites in expectaiton of higher prices

Michael Noonan said an annual levy of 1,2 or 3 per cent a year on property worth €1m or more should be enough of an incentive for land hoarders to sell. Photograph: iStock

Builders react with alarm to site levy proposal

Barry O'Halloran
June 1, 2017, 19:01

Minister says measure will be included in the budget

May Day march in Dublin protesting at Government failure on housing crisis: A survey by the Irish League of Credit Unions found many living in houses that do not suit their needs. Photograph: Dara Mac Dónaill

Quarter of adults see homes as inadequate, says credit union body

Barry O'Halloran
June 1, 2017, 06:15

Irish League of Credit Unions survey reveals dissatisfaction with unsuitable dwellings

Firmer director of Aston Carpets and Flooring Brendan Smith was fined €7,500 and given a three-month suspended prison sentence. Photograph: Collins Courts

Collusion put floor under bids for carpeting contracts

Mark Paul
June 1, 2017, 05:20

Long road to first bid-rigging conviction ends with suspended sentence and ‘modest’ fines

The newly-built Central Bank of Ireland on North Wall Quay in Dublin: Crean Mosaics, sister company of Aston Carpets and Flooring, recently completed €1.8 million of work on the new Central Bank headquarters. Photograph: Alan Betson / The Irish Times

Irish firm fined €10,000 following cartel investigation

Mark Hilliard
May 31, 2017, 19:57

Flooring firm got huge State contracts despite bid-rigging probe into sister company

Cairn Homes raised €51.9 million from recent share placing. Photograph: Nick Bradshaw

Cairn Homes co-founders buy more stock as part of share placing

May 30, 2017, 19:07

Michael Stanley and Alan McIntosh each purchase 129,870 shares

Dariusz Blocher, chief executive of Poland’s biggest listed construction firm Budimex claims country needs more workers to carry out planned infrastructure development. Photograph: Kacper Pempel/Reuters

Poland ‘facing labour shortage’ for infrastructure development

May 29, 2017, 21:18

Budimex executive says country lacks manual workers as many live in western Europe

Latest Business

CSO paints a very different picture of Irish economy with new measure 01:01

US retail sales unexpectedly drop for a second month in June 20:41

Ryanair wins €248,900 judgment for Twitter threat 20:11

US banks dampen a good week for equities 18:49

Brexit: Donohoe tells Hammond transitional deal is essential 18:23

Commercial Property

Homes & Property

Most Read in Business

1 CSO paints a very different picture of Irish economy with new measure

2 Inevitable death of diesel engine bodes ill for German car makers

3 Irish economy about one-third smaller under new growth indicator

4 Tenants paying more than €2,500 monthly face 1% stamp duty bill

5 Cloud-based firm to create 100 jobs in Republic

Never miss a story.

Subscribe on iTunes

Follow on Soundcloud

Listen on Stitcher

Columnists

Mark Paul - Business Affairs Correspondent

Paschal Donohoe needs to offload his demon drink shares

John FitzGerald

John FitzGerald -

Why it pays to charge for waste by weight

Facebook

Sign In

Forgot Password?

Sign Out