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21/08/2012
Employment Levels In The Construction Industry Are Suffering
Employment levels in the construction industry are being hampered by rising building costs, according to the Society of Chartered Surveyors Ireland (SCSI).
Building costs have increased by 1% in the first half of this year according to new figures released by the firm.
SCSI spokesperson Andrew Nugent said: "Essentially this would confirm that prices have stabilised over the past two years.
"This levelling off - and it follows a massive collapse in prices since they peaked in 2006 and 2007, building prices have fallen by one third over the past five years - and this has had a very painful effect on builders, sub-contractors, suppliers and industry employment levels generally."
(CD)
Building costs have increased by 1% in the first half of this year according to new figures released by the firm.
SCSI spokesperson Andrew Nugent said: "Essentially this would confirm that prices have stabilised over the past two years.
"This levelling off - and it follows a massive collapse in prices since they peaked in 2006 and 2007, building prices have fallen by one third over the past five years - and this has had a very painful effect on builders, sub-contractors, suppliers and industry employment levels generally."
(CD)
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Northern Ireland WeatherToday:Fairly widespread areas of cloud at first but this should lift and break to allow for bright or sunny weather to develop through the afternoon. Light northeasterly winds. Maximum temperature 18 °C.Tonight:Dry and bright at first but some areas of low cloud developing and spreading west through the evening and overnight. Minimum temperature 8 °C.
