A steady rise in building activity

Activity in the construction sector expanded for the 10th month in a row led by residential building, according to the Ulster Bank Construction Purchasing Managers’ Index.

Employment also increased for the 10th month in a row in June, although at the lowest rate since January.

House prices in urban areas, particularly south Dublin, have soared in the past year due to a lack of supply. According to the ESRI, there is a demand for new housing units of between 20,000-25,000 until 2030.