Daft Property - Irish Property News

Building sector to lose 40,000 jobs next year... Many leaving to seek work in the Middle East. THE Irish economy is dead on its feet and as many as 40,000 construction workers could lose their jobs next year as housing starts have slumped to pre-1993 levels, according to latest figures obtained by the Sunday Independent. So bad are things here that a number of leading Irish building companies are leading an exodus of our most skilled and talented workers to foreign lands in the search for work. It has emerged that Irish firms are now lining up work in places like Dubai and Iran, both of which are experiencing building booms. In what is further bad news for the Irish economy, the number of housing completions this year will be just 45,000 compared to the 93,000 at its peak two years ago, and next year it is reckoned that the number of completions will be less than 20,000. This year, not one county in Ireland has managed to match or better the number of housing starts last year. In a sh...