Construction in Ireland: A changed industry?
A more mature approach to building, with tighter controls on lending and mortgages, is paving the way for sustainable long-term development
At the beginning of 2018, Linesight predicted that construction output would reach €20.1 billion this year. It now seems likely that this figure will be closer to €21 billion (see table on right). This represents growth of almost 64 per cent in the past three years.
However, even with these impressive growth rates, the output in 2018 will still only be 55 per cent of the 2007 peak output of €38 billion, albeit this was unsustainably high....
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