German economy dodges recession with 0.1% expansion in Q3
The German economy escaped a recession in the third quarter as strong consumer spending helped output grow 0.1% quarter-on-quarter, defying expectations of a contraction, preliminary data showed today. Gross domestic product in Europe’s largest economy expanded by 0.5% from July to September after a 0.3% expansion from April to June. This is according to seasonally adjusted […]
September housing commencements up 28% on last year
The number of new homes which have commenced construction in September was 28% higher than in the same period last year. Figures published by the Department of Housing show that 26,106 Commencement Notices were recorded in September. The figure for the three Dublin local authorities was 8,714 (up 23%), while the Mid-East Region comprising counties Meath, […]
Rent inflation slows to lowest level in six years
The rate of rental inflation dropped to its lowest level in six years in the third quarter of this year, the latest report from property website Daft.ie shows. Daft said that the average rent across the country rose by 5.2% – the smallest increase since the second quarter of 2013. However the average monthly […]
UK economy grows at slowest annual rate since 2010 in Q3
The UK economy grew at the slowest annual rate in nearly a decade in the three months to the end of September, as a global slowdown and Brexit worries hit business investment and manufacturing. Year-on-year gross domestic product growth slowed to 1% from 1.3% in the second quarter, Britain’s Office for National Statistics said. This […]
AA research shows big jump in the cost of running a home
The annual cost of owning and maintaining a family home has risen by over €1,000 a year, with the average homeowner now spending over €17,000 on their home. This is according to the latest “Cost of Running a Home” analysis from AA Home Insurance. Research from the insurance intermediary has found that the cost of […]