Turnover in the Irish investment property market dropped almost 70% last year to €1.85bn when compared to 2022 – the lowest since 2012. A new report by BNP Paribas shows that just 114 deals were carried out in the 12 month period, well below the ten-year average of 223. Between October and December, turnover reached […]
Job vacancies fell 28% in the final three months of last year, compared to the same period in 2022. According to IrishJobs the number of open positions advertised on its platform during the period was also 13% lower than the previous quarter. The hiring platform claims the softening is further evidence of a normalisation of […]
The development of offshore wind in Ireland could be worth at least €38 billion to the economy, a new study has estimated. However, the report produced for Green Tech Skillnet and Wind Energy Ireland by BVG Associates also warns that significant investment in training and skills will be required if the benefits are to be […]
New preliminary figures from the Central Statistics Office show that the country’s GDP is estimated to have fallen by 0.7% in the fourth quarter of 2023 when compared with the third quarter of last year. The CSO said the fall came on the back of decreases in the multinational dominated sectors of Industry and Information […]
Falling energy prices and announcements of grocery price cuts have boosted consumer sentiment at the beginning of 2024, according to the latest Credit Union Consumer Sentiment Index. The survey of 1,000 adults conducted from the 4-19 January puts Irish consumer confidence at its highest level in almost two years. It found that though the Christmas […]
Around 1.3 million social welfare recipients will receive a double payment this week. Up to €342m will be paid out to pensioners, carers, people with disabilities, lone parents and low-income families. Those on Jobseekers Allowance for over 12 months will also qualify for the enhanced payment. Minister for Social Protection Heather Humphreys said: “Over the […]
A total of 32,695 new homes were completed last year, up 10% on a year earlier, new data from the Central Statistics Office shows. It follows the completion of 10,289 dwellings in the final three months of the year, an increase of 13% on the same quarter in 2022. The completion rate for 2023 exceeds […]
Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets. Growth among leading economies is not forecast to be consistent, with relative strength in the […]
Overall mortgage drawdown volumes declined in 2023, new figures from Banking and Payments Federation Ireland show, but the reduction was driven largely by a falloff in switching and remortgaging activity. Mortgage holders moved to switch providers or mortgage products in record numbers towards the latter part of 2022 as the European Central Bank started to […]
The ECB’s Governing Council will meet in Frankfurt today to consider whether to make any changes to interest rates. No adjustments are expected though, despite some progress being made in bringing the inflation rate down across Europe. The rate at which prices are rising in the eurozone had been coming down for months, but reaccelerated […]
