The Irish construction sector is now under “Celtic Tiger levels of pressure” and at risk of overheating as a result of a significant acceleration in wages and prices, a new report has warned. The Mitchell McDermott report estimates that construction output grew by 12 per cent to €23 billion last year while the number of construction workers grew by only 6,000 or 4 per cent. Planning permissionThe report highlighted a significant pick-up in the number of planning permissions for apartments last year, 19,000 in all. “Indeed, several political parties in the run-up to the election are promising that this will be the State’s housing output for the next five years. “Given the constraints in the sector, the key question is who will build these units?

Source: The Irish Times January 30, 2020 05:26 UTC