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Builders hope raised cap on affordable housing scheme will support house prices

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New figures show construction activity fell in January, but industry figures hope changes will support house building

The Irish construction sector registered a sustained contraction in activity in the first month of 2023, a new report has found.

However, builders are hopeful that the government’s move to raise the price caps on its shared equity scheme will support house prices. The BNP Paribas Real Estate Ireland Construction Total Activity Index posted at 47.7 in January, up from 43.2 in December, but indicative of a fourth successive monthly reduction in Irish construction output. ...

 

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