Rising costs threaten building projects

“While Ireland is performing better than many EU countries, increasing energy costs and interest rates continue to be a major concern and are likely to impact the viability of some projects,” he says.

Irish construction is poised to grow 10.6 per cent this year and return to pre-Covid levels of activity in 2023, Linesight believes. Steel prices could fall by 1 per cent in the final three months of this year, the firm says, following significant inflation in recent months.

Source: Loan Digest (loandigest.net)

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