Republic of Ireland’s construction industry continues to warm despite lingering COVID-19 challenges
As the Irish economy continues to recover in 2021, the construction industry has seen a marked increase in activity.
Results from our latest Republic of Ireland market intelligence survey indicate that the market has warmed, but still seems to be showing relatively strong competition.
Continuing effects of COVID-19
COVID-19 continues to have a detrimental effect on the Irish construction industry and it is likely to be late 2021 or early 2022 before it starts to recover more fully.
While productivity working under COVID-19 restrictions has continued to improve, construction durations remain adversely affected with 37.5 percent of the surveyed contractors reporting that their projects had increased in duration by five or more weeks.
Lead in times have also dramatically increased in the last six months with the majority of respondents reporting average lead in times in excess of three to four weeks.
For the full analysis and insight into the Republic of Ireland construction industry, download the full report.
If you would like to discuss this report or any of the topics covered, please contact Mark Kelly, or your usual Turner & Townsend key contact.