Thousands of jobs set to go in building industry

As many as 15,000 jobs could be lost in the Irish building industry this year, but there will be no significant effect on the property sales boom.

The jobs will go in the wake of a 3% fall in private housing construction and a decline in activity in several property sectors, including an 11% drop in public capital projects and 15% in private investment, a survey by the Davis Langdon PKS quantity surveying company forecast.