Construction activity hits two-year peak

Construction of apartments, recovery in the hotel market, and an increase in investor interest in the provision of student accommodation were the key drivers

The Moxy Hotel on Cork's Camden Place is nearing completion and will add more than 200 rooms to the city's stock. Picture: Larry Cummins

There has been a sharp increase in the pace of construction growth, with separate reports highlighting a recent surge.

Building activity expanded more quickly in April, with the BNP Paribas Construction Index recording its first back-to-back monthly expansions for two years.