Work underway on House Price Register |
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Work on establishing a new house price register which will be based on achieved sales prices rather than asking prices is now underway, the Government has confirmed.
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| (10/03/2010) |
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Value of land offered as security is down by 50pc, AIB admits |
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AIB, the country's second largest bank by value, has admitted that rural land offered up by its borrowers as collateral has "typically'' come down in value by at least 50pc.
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| (10/03/2010) |
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NI House Prices 'Still Falling' |
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House prices are continuing to fall across Northern Ireland, new figures have revealed.
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| (10/03/2010) |
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Tender prices down almost 30pc from peak |
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Tender prices fell by 17.2% over the last twelve months, according to new figures from the Society of Chartered Surveyors.
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| (08/03/2010) |
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Building Decline Eases In February |
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The rate of decline in activity within the construction sector slowed for a second consecutive month in February.
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| (08/03/2010) |
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Top 10 developers yet to hear from NAMA over loans |
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No NAMA official has yet contacted any of the top 10 developers due to transfer €17bn worth of assets to the agency by the end of the month.
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| (08/03/2010) |
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Construction Industry Worst Hit By Insolvencies |
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New statistics compiled by InsolvencyJournal.ie have revealed a significant increase in insolvencies in February – with the construction sector the worst affected.
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| (02/03/2010) |
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NAMA builders can still apply for state contracts |
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CASH-strapped builders whose toxic loans are heading into the State's bad bank are not exempt from being awarded multimillion state contracts
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| (02/03/2010) |
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Second-hand home sales treble |
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In Dublin alone, 658 properties went sale agreed in January.
THERE has been a three-fold increase in the number of second-hand residential properties that went "sale agreed" in January.
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| (25/02/2010) |
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Green light for €100m Tara Street Station |
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IARNROD Eireann has been given the go-ahead to build a 12-storey railway station and offices in the middle of Dublin.
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| (04/02/2010) |
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First toxic loans transferred to NAMA at 40pc discount |
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THE first tranche of toxic loans from two key lenders being transferred into the State's 'bad bank' are set to be worth up to 40pc less than their original value, the Irish Independent has learned.
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| (04/02/2010) |
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Construction projects worth €8bn to begin |
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An estimated €8.48bn worth of building projects are expected to start work this year according to Construction Information Services (CIS). This is on top of the €8.2 billion worth of projects where construction is currently under way.
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| (20/01/2010) |
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Housing output to decline through 2011 |
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Housing output in Ireland will continue to decline through 2011 as the country works through a glut of properties built during the construction boom, Goodbody Stockbrokers said.
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| (20/01/2010) |
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Spending splurge to spark the recovery |
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A SURGE in consumer spending and a hike in exports will spark rapid recovery in the economy, three leading experts predicted last night.
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| (19/01/2010) |
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'We're on road to recovery', says adviser |
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A NUMBER of factors are starting to fall into place to ensure that economic growth can be anticipated in 2010, according to the special adviser to Minister for Finance Brian Lenihan.
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| (19/01/2010) |
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Banks press developers to sell land in UK ahead of Nama |
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THE STATE’s main banks have pressed developers to take advantage of an uplift in the UK property market to sell land and investment assets to recoup loans before they are sold to the National Asset Management Agency (Nama) over the coming months.
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| (19/01/2010) |
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Property values to fall further in next 12 months |
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Further falls in commercial property prices and values are expected by a majority of estate agents during the next 12 months according to the latest membership survey by the Irish Auctioneers and Valuers Institute.
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| (13/01/2010) |
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Last-minute rush for nursing homes planning |
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An upsurge in planning applications for nursing homes was seen during the last few weeks of 2009 as developers sought to enhance the value of their development sites and also meet the deadline for one of the few remaining property development tax incentives.
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| (13/01/2010) |
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Prices and rents rise for prime commercial sites in the capital |
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THE Dublin commercial-property market has received a number of fillips in recent days, with strong prices and rents for prime properties. AIB has pulled the sale of its Grafton St branch which would have generated more than €28m.
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| (13/01/2010) |
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Price of homes fell 20% last year - IAVI |
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RESIDENTIAL PROPERTY values tumbled by an average of 20 per cent in 2009, with apartments and large houses in Dublin displaying the most dramatic price corrections, new research has shown.
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| (13/01/2010) |
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Prediction of Irish economic stability |
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The Irish economy will stabilise during 2010 and a “meaningful recovery” will be under way by the end of the year, according to Merrill Lynch portfolio strategist Bill O’Neill
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| (13/01/2010) |
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New Dublin city draft plan puts a halt to rezoning of land for housing |
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NO NEW lands will be rezoned for housing in Dublin city until after 2017, under the new draft city development plan which has been released for public consultation.
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| (13/01/2010) |
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Dublin city plan goes on view |
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THE PROPOSED new Dublin City Development Plan, which designates building heights, land zonings and development standards for the city, will be on view at the council’s Wood Quay Venue from today.
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| (12/01/2010) |
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'Clear signs' of stability and growth |
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THE ECONOMY is showing clear signs of stabilisation, Taoiseach Brian Cowen said yesterday.
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| (12/01/2010) |
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Construction sector activity still weak |
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A gauge of Ireland's building industry fell at the fastest pace in seventh months in December, according to the latest Ulster Bank Construction Purchasing Manager's Index.
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| (11/01/2010) |
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Consumer sentiment remains stable |
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Consumer confidence was moderately higher in December signalling that while many people are less nervous about their economic situation than in previous months, few are expecting a dramatic improvement in conditions this year
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| (11/01/2010) |
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Prices down 19% in 2009 |
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ASKING prices for residential property around the country fell by 19 per cent during 2009 and are now nationally 30 per cent below asking levels in early 2007, according to Daft’s latest house price report published today.
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| (07/01/2010) |
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Financial confidence 'on rise' in Irish adults |
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Financial confidence is on the rise, according to a new survey, indicating that Irish adults could be coming to believe the worst of the economic crisis is over.
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| (06/01/2010) |
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ESRI predicts end of recession in 2010 |
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The ESRI believes the Irish economy will contract by 0.25% next year but Ireland should exit recession in the middle of the summer.
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| (23/12/2009) |
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IDA helps win €1bn foreign investment |
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IDA Ireland helped secure €1bn worth of foreign direct investment (FDI) into Ireland during the year, with over €500m of this going on projects in areas such as research and development and innovation, the agency said yesterday.
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| (22/12/2009) |
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We've made a good start but we're not out of the woods yet |
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THE Central Statistics Office gave us two early Christmas presents last week but they were more in the way of stocking fillers than diamonds or gold.
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| (21/12/2009) |
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GDP edges up amid difficult conditions |
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THE ECONOMY technically emerged from recession in the third quarter, according to new data from the Central Statistics Office (CSO).
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| (18/12/2009) |
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Lidl unveils its major new development plans |
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Lidl, the discount store chain, is planning a major new 292,000 sq ft development including a supermarket, €30m worth of apartments and offices in six blocks around a central public park in Tallaght.
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| (12/12/2009) |
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Bord Gais inks €500m deal to buy windfarms |
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BORD Gais confirmed yesterday that it has acquired SWS Natural Resources, the country's second-biggest windfarm operator, in a deal worth more than €500m -- making it the third-largest Irish M&A deal this year.
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| (05/12/2009) |
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Developer bucks trend as sales grow by €100m |
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THE companies that control Michael Cotter's Irish residential, commercial and industrial developments grew their sales by a combined €100m last year, despite the property collapse.
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| (05/12/2009) |
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'The Celtic Tiger isn't dead -- it's just sleeping' |
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The man credited with inventing the phrase "Celtic Tiger" believes the creature is not dead, but sleeping.
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| (02/12/2009) |
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Devalued flood plain housing could cost Nama |
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JBA Consulting, a Limerick firm that devised the flood mapping guide for the Office of Public Works, said that its high-tech national flood mapping indicated that large tracts of zoned development lands were in areas of flood risk.
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| (29/11/2009) |
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Fermanagh steelworks made £16.5m profit in 2008 |
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Fisher Engineering, the Fermanagh steelwork firm that was sold for stg£90 million in 2007, made profits of stg£16.5 million in the year after the deal, writes Gavin Daly.
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| (29/11/2009) |
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Quinlan considers sale of €1.9bn Santander HQ |
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SWISS-based property investor Derek Quinlan is understood to be considering offloading his stake in the Banco Santander HQ in Madrid, which he bought for a record €1.9bn late last year.
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| (29/11/2009) |
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Cineworld plan to expand cinemas in Ireland |
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Cineworld, the UK’s second-biggest movie-theater operator, wants to build cinemas in Ireland because people there go to the movies "significantly" more than in the UK.
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| (27/11/2009) |
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NAMA may be able to sell UK loans sooner |
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The Government’s so-called bad bank may be able to sell UK assets being taken over faster than domestic loans as the property market there recovers faster, its interim head said.
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| (26/11/2009) |
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Underground DART plans on rack despite €3bn price tag |
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IARNROD Eireann will seek planning permission early next year to build an underground DART line in Dublin costing up to €3bn.
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| (24/11/2009) |
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Servier Ireland opens €47m manufacturing plant in Arklow |
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IDA Ireland has welcomed the official opening of Servier Ireland’s new €47 million manufacturing plant in Arklow, Co. Wicklow.
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| (21/11/2009) |
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Economist joins in predictions of renewed growth as early as 2010 |
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IRELAND is close to rock bottom and could see a resumption of economic growth next year, Ulster Bank economist Simon Barry has said.
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| (19/11/2009) |
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Engineering firm PM Group opens Swedish office |
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HOME-GROWN engineering consultancy PM Group is continuing its international expansion plans by opening a new office in Sweden.
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| (16/11/2009) |
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Kingspan expecting €60m operating profits |
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Building materials group Kingspan in an interim management statement released this morning said trading had been 'more steady' over recent months and operating profit for the year as a whole will be in the region of €60m.
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| (16/11/2009) |
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Commercial real estate investors shun risk for stability |
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Commercial real estate investors across Europe show little willingness to move up the risk curve, according to a new report by DTZ. Over the third quarter of this year, commercial real estate investment activity remained focused on the main liquid and transparent markets of western Europe.
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| (14/11/2009) |
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Bar values plunge 40pc as pub culture mirrors economy bust |
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Dublin’s Thomas Read Group grew into a chain of more than 20 pubs as the economy boomed in the mid 1990s. After property prices collapsed and drinkers stayed at home, the bars are being sold off.
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| (27/10/2009) |
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Waterford Toll Bridge Opened |
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There were celebrations this week as a new toll road and bridge opened months ahead of schedule in Co Waterford.
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| (20/10/2009) |
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Cork internet firm creates 33 jobs |
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An Irish internet services company has announced plans to create 33 new jobs in Bandon, Co Cork.
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| (19/10/2009) |
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NI Planners Get Tough |
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Substantial fines have been imposed for non-compliance with enforcement notices.
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| (14/10/2009) |
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NI Property Values 'Stabilising' |
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Although a third of local estate agents are reporting falling house values, Northern Ireland's house prices are said to be becoming more stable.
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| (13/10/2009) |
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Property Market 'Will Recover Slowly' |
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One of Ireland's most prominent young economists, believes there are good prospects for recovery in the Irish property market.
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| (13/10/2009) |
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Building Jobs Flow From Dundonald Scheme |
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Around 150 construction jobs are to be created at a £180m east Belfast housing development.
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| (12/10/2009) |
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NRA announce creation of 500 builder jobs |
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500 construction jobs are to be created due to the construction of new motorway service areas along the M1 and M4.
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| (09/10/2009) |
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Central Bank says worst may be over |
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The Central Bank says the pace of decline in economic activity is moderating, and Ireland will likely experience a modest recovery during the course of next year, indicating that the worst of the recession may be over.
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| (06/10/2009) |
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UK House prices rise for fifth month |
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UK house prices rose for the fifth consecutive month in September, pushing property values back up to levels last seen 12 months ago, a new report shows.
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| (05/10/2009) |
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Asking prices down 4.7% - Daft.ie |
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Asking prices for residential properties have fallen by 4.7% in the last three months, according to Daft.ie.
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| (01/10/2009) |
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