The Irish Construction Market - August 2012
Thus every sector within the construction industry has been affected by the collapse of the housing and construction market in Ireland, whilst the challenging economic environment has resulted in a fragile building sector overall. Confidence in the construction industry is low to date in 2012, due to the low levels of orders combined with intense competition for limited work that is put out to tender, and a surplus of vacant property in private sector residential and non-residential construction.
However, the recovery of both economies as identified by government plans is dependent on the development of a modern and sustainable economic infrastructure that supports economic growth, with the construction industry being an important component within this objective. Thus the construction industry will play an integral part in the future prosperity of both regions.
Some questions answered in this report include:
What is the size of the construction industry in NI and RoI?How has the economic downturn impacted on the construction industry and what sub-sectors have been most affected?
What is the role of the Irish construction market in the national strategies of each region?Do the governments of NI and RoI see the construction industry as a priority area to stimulate economic activity within each region?
What areas are the governments of NI and RoI focused on to improve the economic position and social infrastructure of each region?Outline the key construction related projects which aim to improve the economic position and social infrastructure of each region.
Who are the largest construction companies in Ireland?Give an overview of the main players within the construction industry in NI and RoI.
What are the future growth areas for the construction industry in Ireland and what new forms of funding will be used to fund these growth areas?Outline the changing trends within the residential housing sector and review the new sources of funding that are emerging to facilitate new large scale public sector projects. In addition, the importance of the Green economy within the construction industry will also be discussed.
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