Construction Industry Will Complete 18,000 Homes This Year – IFA
The Construction Industry Federation (CIF) estimates that the level of new residential completions for 2017 will be in the region of 18,000 units with this figure expected to increase to approximately 20,000 units in 2018. This compares to 12,666 units in 2015, representing an overall increase of 42% from 2015-2017. CIF Director General Tom […]
Construction Industry Set To Deliver 3,000 Extra Hotel Bedrooms In Dublin By 2020
The Irish construction industry is set to deliver a number of key hotel development projects over the next three years, paving the way for a significant tourist influx and boost to the economy. In the month of May 2017, Ireland welcomed over 900,000 tourists, an increase of 7% over the same period in 2016. In […]
Insurance Premium Increases Adding To Construction Costs – CIF
The Construction Industry Federation (CIF) has warned that spiralling insurance premiums are adding to construction costs. Over the last year, construction companies around Ireland have reported disproportionate increases in Employer Liability/Public Liability (EL/PL) premiums, rising by up to 50% in some incidences. Director of Safety and Training with CIF, Dermot Carey said: “Increases of this […]
CIF Warns Deferring Infrastructure Investment Is Not Advisable
“Whilst a commitment to increase infrastructure investment is welcome; waiting until 2019 to increase investment will consign many of Ireland’s regions to a decade of lost growth, exacerbate social inequalities and continue to see Dublin congest. If it’s a good idea to invest in 2019 to improve the economy and address the housing issue, lack of […]
Withdrawal Of Help To Buy Scheme Hill Compound Housing Crisis – CIF
The Construction Industry Federation (CIF) has warned that any withdrawal of the Help-To-Buy (HTB) Scheme will further restrict Ireland’s housing supply and compound the housing crisis. CIF Director General Tom Parlon said: “The Help To Buy scheme has been a significant contributor to the growth in residential construction activity. Any suggestion of a withdrawal of […]
Ireland’s Top 50 Contractors In Strong Demand Across The Globe
Turnover figures in Top 50 CIF Contractors increased by €1billion in 2017 and exports estimated to have grown five-fold since 2008. Figures compiled by Construction Magazine, for its annual Top 50 listing, show that turnover in Ireland’s leading construction contractors grew by €1billion over a 12-month period as global demand for Irish construction continues to […]
CIF Western Region Gala Ball Returns
The CIF Western Region Gala Ball took place at the Westwood House Hotel in Galway City after a break of eight years. Money was raised on the night for the RNLI and the Croí Heart & Stroke Charity by over 200 members of the Construction Industry. Speaking at the event Chairman of CIF Galway Branch Paul Stewart […]
Quarterly Report Shows House Building Increased By Over 30% Last Year
House building activity increased by over 30% in 2016 according to the latest figures from the Construction Industry Federation (CIF). Tom Parlon, Director General CIF said: “All measures of house building activity and housing output show a strengthening trend as we begin 2017. However, the planning environment and access to development finance will […]
Safety Must Continue To Be A Priority As Construction Sector Grows
CIF Director General, Tom Parlon, has asked construction companies to redouble their efforts to reduce accidents on site for 2017 at a meeting of leading industry members today. “Construction companies have worked tirelessly with their industry partners to reduce workplace accidents and fatalities. The industry employs over 140,000 people directly and continues to strive to […]
CIF Comment On Central Bank Rule Changes
Following the review of mortgage measures announced by the Central Bank, 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 securing mortgages. Providing mortgages to this […]