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Irish Land Sales, Total Value of EUR 92 Million in Q1 of 2017

Irish-Land-Sales-Total-Value-of-EUR-92-Million-in-Q1-of-2017.jpegThe construction sector in Ireland is characterized by a high demand. In the first quarter (Q1) of 2017, the Irish land sales had a total value of EUR 92 million and were represented by 26 development land plots, according to the data provided by CRBE. Investors who want to start a company in Ireland in the field of construction can have very good prospects here and our team of Irish lawyers can offer in-depth advice on the regulations referring to this industry. 

High demand for the Irish construction sector 

An important aspect that should be taken into consideration when starting business activities in Ireland is that the construction sector is represented by a high demand. The development land plots available here have also met supply shortages, most notably in the residential construction sector
A representative of the CRBE mentioned that the highest demand is registered in Dublin – the capital city of the country, especially in the residential industry. Our law firm in Ireland can offer more information on the requirements to establish a company developing construction activities in the residential field. 
Investors can have numerous business opportunities in this field, as more and more Irish residents are applying for a mortage. At the same time, it is necessary to mention that the level of sales registered in the construction sector have also increased. 
The market is also characterized by an increase in the construction field related to student accommodation, but commercial plots are in high demand as well. In this sense, the representative of the CRBE declared that the highest increase related to the industrial activities was registered along the most important Irish roads

Construction sector in Ireland  

The industry prospects available for the construction related activities are very good for Ireland. The Construction Industry Federation pointed out that the industry may grow up to 9% per year. 
Investors should know that the industry can generate employment demands of up to 112,00 new jobs by 2020 and our attorneys in Ireland can offer more details on the employment legislation applicable here. 
Please contact our Irish law firm for an in-depth presentation on the requirements established for the construction companies


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