Out of Office: Soaring insolvency levels and falling housing investment
The Business Post gets you up to date with the big stories of the day
Welcome to the Business Post’s Out of Office, your daily round-up of the day’s business, tech, markets, legal and politics news.
Headline inflation may be easing but for hundreds of Irish firms, the cost of doing business has simply become too much. New figures released today by Deloitte Ireland show the number of corporate insolvencies in the first quarter of 2024 surged to their highest level in six years.
In another sign of the challenging business environment, a new report by commercial estate agents Knight Frank shows investment in Irish residential property collapsed 70 per cent last year to just €300 million – the lowest level since 2017.
