First Female Chairperson Elected To CIF Galway Branch

The CIF would like to congratulate Tara Flynn of Paul Flynn Construction Ltd. on her election as Chair of the CIF Galway branch. Justin Molloy Regional Director, Midlands and Western Region said: “In an industry that is trying to encourage more women to take up careers in construction it is good to see that the […]

Construction Sector Group Heralds New Era For Irish construction

The Construction Industry Federation (CIF) today welcomed An Taoiseach Leo Varadkar’s endorsement of a new Construction Sector Group involving industry and a number of key Government Departments. Hundreds of leaders from across the Irish and international construction industries attended the Construction Industry Federation (CIF) Annual Conference in Croke Park today, to discuss the industry’s potential […]

Regional Housing Crisis May Continue Until At Least 2021 – CIFThe CIF met with the Minister for Finance Pascal Donohoe and Minister for State in the Department of Finance Michael D’arcy earlier today to chart a way past blockages in the supply of critical residential, specialist buildings and infrastructure. The Construction Industry Federation (CIF) presented radical initiatives to increase investment in infrastructure and to establish a small builders fund to put the construction industry on a sustainable footing and to prevent the boom/bust volatility in the sector. CIF’s analysis, supported by DKM consultants and Construction Information Services, shows that putting these policies in place will enable regional builders to deliver the essential housing and infrastructure required to deliver targets in the Government’s jobs, regional development, housing and FDI strategies. Without these measures, economic activity will continue to concentrate in Dublin, resulting in congestion in the capital and economic and social stagnation outside the greater Dublin area. The industry has stated that initiating planning stages for major projects now would enable a quicker turnaround to the benefit of Ireland’s rapidly growing population and economy. This staged investment can be carried out within the limits of the fiscal space. The CIF repeated its request that the Government utilise measures available to increase the fiscal space such as the structural reform clause. Regional Director, Conor O’Connell said: “Minister Donohoe has a firm grasp of the issues we’re facing in the industry and the knock-on impacts on housing supply, homelessness, regional imbalances, social inequality and increasing house prices. Within the constraints faced, the Minister has delivered a number of key initiatives such as the help to buy scheme and the local infrastructure fund to move housebuilding forwards. In private residential, in Dublin mainly, we have seen these measure lead to an estimated 20% increase in output. It’s not enough to meet demand but it’s a significant step. The trick is now to develop initiatives to increase output across the housing spectrum including social and affordable. We’ve confidence that Minister Donohoe is approaching these issues in a pragmatic way. We suggested the Government establish a National Infrastructure Commission with responsibility for analysing the long-term infrastructural needs of the Irish economy and society, which will depoliticise infrastructure policy. DKM’s analysis showed only €350million available for new construction of infrastructure up to 2019. All stakeholders now believe that the Government has capacity to invest more to the benefit of the economy and long-term job creation. Ireland is currently last of the EU27 in terms of this type of investment, spending less than 2% of GDP on infrastructure. We must increase the rate of investment to 4% of GDP over the period 2018-2021.” According to the CIF, the commencement of planned contributions of €500 million per annum to the ‘Rainy Day Fund’ in 2019 should be redirected to investment in infrastructure for the period to 2021. The CIF is also calling on the government to retain The Help to Buy (HTB) scheme, a significant contributor to the recent growth in residential construction activity. “Private residential housing output has grown by 45% nationally over the past few years. So, measures put in place in this area are making a difference. The HTP scheme has had a supply side impact on the first-time buyer market – with housebuilders again now able to acquire funding for building traditional starter homes. The recent statements about the abolition of the HTB scheme are unhelpful and are reducing confidence of lenders to provide development finance to builders for this type of housebuilding. If starter homes aren’t being built, first time buyers continue to rent, live at home, or enter the second home market. The problems we are seeing in terms of homelessness, increasing rents and social housing waiting lists all stem from this overall lack of supply. House-price inflation is being driven primarily by an overall scarcity of supply and within the second-hand home market. An early withdrawal of this scheme would have a detrimental impact on confidence and the ability of house builders to maintain and increase their residential building programmes.” The document also recommends that the government provide a fund for small builders who cannot access finance for viable construction projects Regional Director, Conor O’Connell said; “As it becomes viable to build houses outside the urban centres, small builders will not be in position to secure finance. Currently, traditional sources of finance such as the banks are not able to lend to these regional SMEs, often 3rd generation family businesses, to deliver the relatively small housing projects required to replenish the stock of towns outside the greater Dublin region. How can we build a balanced regional economy if small housebuilders cannot access finance outside Dublin? This issue has the potential to derail the Government’s housing strategy and its ambitions for regional development. The fund would only apply to builders where there is real demand and traditional sources of finance are not available.” The CIF also contends that the government should amend the 7-Year Capital Gains Tax Exemption, which encourages the retention of property with no incentive to develop the land purchased during the relevant period and is also calling for the immediate restoration of a 100% tax deduction of the interest expense incurred on loans to acquire/ develop residential property for rental purposes.

The CIF met with the Minister for Finance Pascal Donohoe and Minister for State in the Department of Finance Michael D’arcy earlier today to chart a way past blockages in the supply of critical residential, specialist buildings and infrastructure. The Construction Industry Federation (CIF) presented radical initiatives to increase investment in infrastructure and to establish […]

CIF Proposes Radical Overhaul In How Infrastructure Is Delivered In Ireland

“We need to invest more in infrastructure now to solve the housing crises, maintain FDI levels and reduce social inequality. The National infrastructure deficit may lead to systemic failures in Irish economy and society”- Tom Parlon, Director General, CIF A CIF report, carried out by DKM Economic Consultants, has proposed an urgent and radical overhaul […]

Construction Industry Will Complete 18,000 Homes This Year – IFA

The Construction Industry Federation (CIF) estimates that the level of new residential completions for 2017 will be in the region of 18,000 units with this figure expected to increase to approximately 20,000 units in 2018. This compares to 12,666 units in 2015, representing an overall increase of 42% from 2015-2017.   CIF Director General Tom […]

Construction Industry Set To Deliver 3,000 Extra Hotel Bedrooms In Dublin By 2020

The Irish construction industry is set to deliver a number of key hotel development projects over the next three years, paving the way for a significant tourist influx and boost to the economy. In the month of May 2017, Ireland welcomed over 900,000 tourists, an increase of 7% over the same period in 2016. In […]

Insurance Premium Increases Adding To Construction Costs – CIF

The Construction Industry Federation (CIF) has warned that spiralling insurance premiums are adding to construction costs. Over the last year, construction companies around Ireland have reported disproportionate increases in Employer Liability/Public Liability (EL/PL) premiums, rising by up to 50% in some incidences. Director of Safety and Training with CIF, Dermot Carey said: “Increases of this […]

CIF Warns Deferring Infrastructure Investment Is Not Advisable

“Whilst a commitment to increase infrastructure investment is welcome; waiting until 2019 to increase investment will consign many of Ireland’s regions to a decade of lost growth, exacerbate social inequalities and continue to see Dublin congest. If it’s a good idea to invest in 2019 to improve the economy and address the housing issue, lack of […]

Withdrawal Of Help To Buy Scheme Hill Compound Housing Crisis – CIF

The Construction Industry Federation (CIF) has warned that any withdrawal of the Help-To-Buy (HTB) Scheme will further restrict Ireland’s housing supply and compound the housing crisis. CIF Director General Tom Parlon said: “The Help To Buy scheme has been a significant contributor to the growth in residential construction activity. Any suggestion of a withdrawal of […]

Ireland’s Top 50 Contractors In Strong Demand Across The Globe

Turnover figures in Top 50 CIF Contractors increased by €1billion in 2017 and exports estimated to have grown five-fold since 2008. Figures compiled by Construction Magazine, for its annual Top 50 listing, show that turnover in Ireland’s leading construction contractors grew by €1billion over a 12-month period as global demand for Irish construction continues to […]

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