Posts Tagged ‘New Development News’

Unemployment and the housing sector

Posted: November 5th, 2008

The fallout of the economic downturn is in the news on a daily basis.  The effects on house prices have been publicised for some time, however more recently the knock on effects have been hitting the headlines.  Estate Agents have been making redundancies, closing offices, trades have been hit hard, electricians, plumbers etc have all experienced the effects of the slowdown in the property market and the wider economy.

Latest government figures have highlighted a rise in unemployment figures, with 805 reported redundancies in October.  The Department of Enterprise, Trade and Investment states that approximately 65% of these redundancies were within the construction industry.

With the shock announcement in late October that Taggart Holdings had gone into administration the recent news that a further 35 jobs were lost at the Kilkeel based contractor, RG Coulter, came as another blow to the industry.

Arlene Foster, Enterprise Minister has warned that economic conditions could get worse before they get better.  In light of recent redundancies she welcomed the news that 24 new jobs have been created by Co.Antrim engineering company, Williams Industrial Services.  With unemployment at its highest rate in almost 5 years, companies are being forced to exploit all initiatives to remain competitive.

SOURCE: BBC NEWS

How green is your house?

Posted: July 4th, 2008

Whether its the cost to the environment or the strain on your purse strings, most of us are looking for ways to cut the cost of energy consumption in our homes.  Energy saving light bulbs, better loft insulation, we are all considering what measures we can implement in order to ease the burden in the current economic climate.  

With the introduction of Energy Performance Certificates earlier in the year, if your buying or selling a property, you will be even more aware of the implications of having a more energy efficient home.

Northern Ireland recently unveiled its first A-rated house.  The property which is located in Holywood, Co.Down is the regions first carbon neutral home.  The property was built by Sky Developments, who should be praised for their use of new technologies in producing a self sufficient home.

Although the property has a price tag in the region of £700k it will save the owners thousands a year in fuel costs alone.  It is claimed that the property will not incur any gas, electricity or heating bills as all its fuel requirements will be generated through eco technologies such as solar panels.  In fact the builder claims that the Electricity board will actually owe the home-owner money at the end of the year.

The property will also benefit from being exempt from rates under the governments new scheme, carbon neutral homes are zero rated.  Whatever your primary concern, saving money or the environment, the government is clearly trying to encourage builders that this is the way forward in residential property development.   A home that pays for itself, whichever way you look at it.

SOURCE: BELFAST TELEGRAPH, DEPARTMENT OF FINANCE AND PERSONNEL NEWS