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Posts by Practicenet

Housing prices see first annual fall since 2012

Housing prices saw their first annual fall since 2012 this year, the latest Daft.ie Sales Report shows today. Housing prices fell by 1.2% during 2019, with the average price nationwide in the final quarter of the year standing at €250,766. This was 2.4% lower than in the third quarter and 1.2% lower than a year […]

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Euro boosted by US-China trade news

The euro hit a four and a half month high today as optimism over US-China trade relations and the global growth outlook knocked demand for dollars.  Thin end-of-year volumes exacerbated the broad weakness in the greenback, which has seen it dip for three sessions in a row and on Friday suffer its biggest one-day fall […]

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Business sentiment rises for third month in a row – Bank of Ireland Economic Pulse

Business sentiment rose for the third consecutive month in December, while consumer sentiment remained steady, the latest Bank of Ireland Economic Pulse shows.  The Bank of Ireland Economic Pulse, which combines the results of the Consumer and Business Pulses, showed a reading of 83 in December.  This was up 2.3 on November’s reading but 5.4 […]

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Minimum wage set to increase by 30 cent an hour from February

The National Minimum wage will increase to €10.10 in February, the Minister for Employment Affairs and Social Protection has announced. That represents an increase of 30 cent on the current rate of €9.80 per hour. It is estimated that over 127,000 workers would benefit from the increase. Minister Regina Doherty said the Government had decided […]

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25% of Irish companies may not be GDPR-compliant – Equinix

A new survey today reveals that 25% of Irish IT decision-makers worry that their organisation is not  General Data Protection Regulation (GDPR) compliant.  The survey, from data centre operator Equinix, found that 76% of IT decision-makers said that complying with data protection regulations is a top priority for their company’s technology strategy. 44% also said […]

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Signs of rent stabilisation in Dublin and Cork – RTB

Average monthly rents across the country rose by 8.2% during the third quarter of this year. According to the latest quarterly rent index by the Residential Tenancies Board and the ESRI, the average monthly cost of rent nationally is now over €1,200. The report shows that although the average rent for Dublin is up more than 6.5% […]

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Work permit changes to alleviate staff shortages in sectors

More chefs from outside the country will be eligible for employment permits allowing them to work in Ireland, as a result of changes announced by Minister for Business, Enterprise and Innovation Heather Humphreys today. The move, which follows a review of labour market requirements, is aimed at addressing staff shortages in the hospitality sector. Other […]

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Planning permissions for apartments soar over 80% – CSO

New figures from the Central Statistics Office show that planning permissions for apartments jumped by 80.2% in the third quarter of this year compared to the same time last year. The CSO said the number of planning permissions granted for homes in the third quarter stood 10,590 – 5,656 of these were for apartments and […]

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European new car registrations up 4.5% in November – ACEA

European passenger car registrations rose 4.5% in November, marking the third consecutive month of growth this year, thanks to robust demand in Germany and France and a rebound in demand for VW, Audi and Porsche.  Registrations rose to 1,210,860 million cars in the countries of the European Union and the European Free Trade Agreement (EFTA), […]

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European new car registrations up 4.5% in November – ACEA

European passenger car registrations rose 4.5% in November, marking the third consecutive month of growth this year, thanks to robust demand in Germany and France and a rebound in demand for VW, Audi and Porsche.  Registrations rose to 1,210,860 million cars in the countries of the European Union and the European Free Trade Agreement (EFTA), […]

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