Archive for February 2025
Annual house price growth slows to 8.7% in December – CSO
Residential property prices grew by 8.7% in the year to December, marking a slowdown from a revised 9.6% growth seen in the previous month, new figures from the Central Statistics Office show today. But today’s CSO figures show that average home prices are about €200,000 more expensive than they were just over a decade ago.…
Read MorePositive outlook for commercial property asset types in 2025 – SCSI
A new survey from the Society of Chartered Surveyors Ireland has forecast a 1.4% rise in average prime office rents this year, with capital values rising by 1%. The survey also predicts prime industrial values to rise by 3.2%, with prime rents set to increase by 3.1%. The Society of Chartered Surveyors Ireland said this…
Read MoreIHBA does not believe home completions will increase this year
The Irish Home Builders’ Association (IHBA) has said it does not believe house completions will increase this year. The organisation said this is due to a drop in the number of viable planning permissions combined with a lack of serviced land, infrastructure and funding for apartments. Last year, housing output fell to 30,000 homes, far…
Read MoreDemystifying Corporate Governance: Financial Best Practices for Small Businesses
Corporate governance often conjures images of large boardrooms and multinational corporations. However, it’s equally important for small businesses. Effective governance lays the foundation for sound financial management, accountability, and long-term growth. At KAAS we know that by understanding and implementing corporate governance principles, small businesses can enhance their operations and build trust with stakeholders. What…
Read MoreData centres to be required to make their carbon emissions public
Data centres are going to be required to make public their carbon emissions and use of renewables, under a new draft policy from the regulator responsible for the energy sector. The proposal is part of a decision published by the Commission for Regulation of Utilities (CRU) in an effort to provide “clarity” for the sector.…
Read More€1.5m fund for not-for-profits working in communities
A €1.5 million fund to foster inclusive, resilient communities and strengthen social cohesion across Ireland has been announced. The fund, run by Rethink Ireland, in partnership with law firm Mason Hayes & Curran and the Department of Rural and Community Development, will provide cash grants and business support to not-for-profits working in communities nationwide. The…
Read MoreResidential vacancy rate falls to new low of 3.8%
The national residential vacancy rate fell to a new low of 3.8% in the final three months of last year. New figures from GeoDirectory and EY show that the west of Ireland had the highest vacancy rates. Leitrim topped the list at under 12%, followed by Mayo at 10.6% and Roscommon at 10.3%. The lowest…
Read MoreExports hit record level of €224 billion last year, with exports to US up 34% – CSO
Exports of goods from Ireland to the US surged by 34% last year, driven by a significant rise in pharmaceuticals, the latest figures from the Central Statistics Office show. President Donald Trump is examining placing tariffs on drug products sold to the US which could have significant ramifications for manufacturers here. Overall Ireland had an…
Read MoreHousehold spending pace accelerates in January
Bank of Ireland said its customers increased their debit and credit card spending in January, with the pace of household spending growing by 6.1%, up from 4.5% in December. The bank’s consumer spending trends research shows a surge in summer holiday planning, with travel agencies reporting a 50% increase in sales from December, while airline…
Read MoreRecord employment levels in state agency supported firms
New figures show that jobs in client companies of Enterprise Ireland, IDA Ireland and Údarás na Gaeltachta, are now at their highest ever level, at over 546,763 jobs, which is a 1.3% increase on 2023 figures. The Annual Employment Survey 2024 shows there was a fall in job gains last year. Gross job gains for…
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