Drysdale Ltd are delighted to be working with MDY Construction on yet another project. The Stars of Erin is a community GAA Club Building and pitches complete with offices, commercial kitchens multiple toilets, multiple changing rooms etc. & a conference hall  and is due for completion in December 2015.

Construction trucks rumbled by as Crawford Hoying celebrated a ground-breaking for Bridge Park last week.

Preliminary site work at the Bridge Park sites in Historic Dublin and at the northeast corner of Riverside Drive and state Route 161 has been ongoing for months, setting a background of dirt mounds for the official ground-breaking for the $350 million mixed-use development.

Paypal has begun asking staff to make spare rooms available to new employees, because of the shortage of rental accommodation, according to the company’s head of Irish operations Louise Phelan.

Drysdale Electrical Service Engineering are currently contracted by MDY Construction as electrical specialist sub-contracter on this project.

Client: Cluid Housing
Architect: Reddy Architecture & Urbanism
QS: Gardiner & Theobald
Completion: January 2015

Description:

It has been a week of shocks and revelations about the housing market, particularly in the capital. The ESRI forecast 54,000 new homes were needed in Dublin over the next seven years and 86 per cent of national housing demand was in the capital and its surrounding commuter counties. The Construction Industry Federation responded that only 2,000 new homes would be built in the Dublin area this year and developers could not access funds to build more.

First-time buyers struggle to get a mortgage with anything less than a 10pc deposit (and rightly so, for reasons of financial stability). But when surveyed, they revealed they expected annual house price increases over the next five years of the order of about 3pc a year, which looks far from excessive. But the underlying reason for house price rises is more obvious. The population of Dublin is growing by roughly 17,000 people a year, which translates into roughly 7,500 units a year. But over the entire three years from January 2011 to December 2013, just 4,000 new dwellings were built in the capital, about one sixth of what Dublin needed.

Dublin house price rises

The Housing Ecosystem: What the decade to 2007 tells us is that planners should be very wary of directing where buildings and people should go. House prices in some parts of Dublin are up almost 40pc in just two years, leaving a small group of delighted purchasers and a much larger group of would-be first-time buyers feeling that they blinked and missed the boat. Looking at the loan-to-value offered to first-time buyers today, and just as importantly at what they expect to happen to house prices over the medium term, it is hard to argue we are in the midst of another credit-fuelled bubble of exuberant expectations.