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Moving on up: Construction start-ups rise by almost 40 per cent

Overall, company start-ups are up 14 per cent compared to the first six months of last year, according to business and credit analysts Vision-net.ie.

Image: Mark Stedman/Photocall Ireland

NEW FIGURES SHOW an increase in the number of construction and real estate start-ups setting up shop here .

There’s been a 39 per cent increase in the number of construction companies being formed and a 32 per cent rise in the number of real estate start-ups.

Overall, company start-ups are up 14 per cent on the same period last year, according to business and credit analysts Vision-net.ie.

So far this year, 8,684 companies have been formed, compared to 7,642 in the first half of 2013.

There was also a 10.5 per cent decline in the number of company insolvencies in the same period, according to Vision-net.

Managing Director of Vision-net, Christine Cullen, said that the increase in company start-ups combined with the decrease in insolvencies indicated “the hallmarks of an economic recovery”.

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“While we no doubt have a long way yet to travel, the first half of 2014 is showing that we are making progress toward an overall economic recovery, particularly with start-ups on the rise and insolvencies in decline.”

Read: Asking prices up nationally for first time since peak of property boom

About the author:

Daragh Brophy

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