Goodbody said one of the main drivers of the weakening trend was the fall-off in apartment commencements.
Sean O’Driscoll of Cliste Hospitality: “There were a number of hoteliers charging rates that were indefensible”“However, this disguises a significant decline in both August and September, possibly reflecting the recent weaker environment for PRS Much of the pick-up in residential construction has centred around Dublin where foreign funds have invested heavily in PRS apartment schemes.In its report, Goodbody noted that all regions experienced an annual fall in housing starts in the third quarter.
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