Author: Practicenet

DUBLIN is ahead of London, but lagging well behind other developed cities as an attractive posting for expats. The Irish capital has ranked as just the 34th best place to live, according to Mercer’s Quality of Living review. Dublin’s ranking is ahead of London and Paris, but far behind a number of comparable EU cities, […]

Ireland fears some rival countries are using lower regulatory standards to lure financial jobs moving as a result of Brexit. Financial Services Minister Eoghan Murphy raised the concerns at a meeting with European Commission vice-president Valdis Dombrovskis, the Department of Finance confirmed last night. Its understood the single banking regime in place across the EU […]

A new report from Savills on Ireland’s property investment market has revealed that 1.1 million sq m (11.84 million sq ft) of modern office space has changed hands in Dublin since the beginning of 2013 – equivalent to one-third of Dublin’s entire office stock. The figure for the city’s Central Business District (CBD) is even […]

NEW mortgage lending has exceeded the amount of money being paid off existing home loans for the first time in seven years. Lending for house purchases rose by a net €27m in the last three months of last year. It was the first net increase in mortgage lending since the end of 2009. Over the […]

Ireland looks set to remain the best-performing economy in the eurozone for a fourth year in a row, despite escalating fears over Brexit. The fresh outburst of optimism follows a survey of economists by Bloomberg, which showed the consensus growth rate for 2017 has risen to 3.5pc from an earlier prediction of 3.1pc. The continued […]

Iceland’s finance ministry said yesterday that in the coming week it would lift the remaining capital controls that have been in place since the financial crisis in 2008, easing restrictions on households and businesses. “The removal of the capital controls, which stabilised the currency and economy during the country’s unprecedented financial crash, represents the completion […]

The great banking collapse of 2008, which still echoes resoundingly up and down the corridors of Irish business, had one small incidental spin-off. It helped Ireland introduce itself to the prudent conservatism of Canadian banking and financial services. The great banking collapse of 2008, which still echoes resoundingly up and down the corridors of Irish […]

Activity in the construction sector is expanding at a “sharp and accelerated” rate according to the latest Ulster Bank Construction Purchasing Managers’ Index (PMI). Both housing and commercial construction posted stronger rises in activity during the last month, with activity on residential projects increasing sharply for the second month in a row. Survey respondents cited […]

Dublin city will only see 800 new apartment units come to market over the next 18 months, according to the ceo of listed housebuilder Cairn Homes. Michael Stanley said the imbalance between housing supply and demand is as pronounced as it was when the company went public in 2015. “We have looked across Dublin City, […]

Mario Draghi, perhaps one of the most relaxed central-bank communicators in recent years, can stumble over his lines for once without anyone really losing the plot. On Thursday, the European Central Bank president found himself with an undeniably difficult task: be upbeat about the obviously firming euro-area recovery, without giving a signal that monetary policy […]