The Irish Construction Market - August 2012
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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.
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