"As you know, it is very difficult out there, particularly in this area, and having explored other options to keep the business going in its current guise, we have no choice now but to carry out the rationalisation." – Pat Gunne, Gunne New Homes.
"Turnaround times are much slower than they were, there is no doubt about it, and obviously, with the bigger homes, there is a smaller number of people able to buy them, so the slowdown is making it tougher. But, if serious offers come in that are in the ball park, we're not saying 'no'," - Robert Hoban, Savills Hamilton Osborne King.
"Our job in government is to continue to invest in projects that will enhance our competitiveness; to implement sustainable, sensible fiscal policies and to ensure that we retain a flexible environment. If we follow this course of action, the economy will be in a position to bounce back when the temporary negative factors fade." - Brian Lenihan, Minister for Finance.
"Everyone knows the downturn in the public finances is because government blew the finances from the boom which everybody knew would be temporary." – Dr Alan Barrett, Senior ESRI researcher.
“The combination of higher customer mortgage rates and weaker confidence in the economy is increasing uncertainty about the immediate future of the property market. This has resulted in lower demand thereby reducing transaction numbers and property prices.” - Niall O’Grady, General Manager Business Strategy, Permanent TSB.
"Within the Economic and Social Research Institute's forecasts released earlier today, an assumption was made that only 40,000 units would be completed this year. For this to happen, output would have to fall by 63 per cent in the final seven months. This seems overly aggressive to us." – Dermot O’Leary, Goodbody Stockbrokers.
“Residential applications have come to a halt. We have had very few applications for that this year." - Paul Maloney, chief executive, Dublin Docklands Development Authority (DDDA).
"Turnaround times are much slower than they were, there is no doubt about it, and obviously, with the bigger homes, there is a smaller number of people able to buy them, so the slowdown is making it tougher. But, if serious offers come in that are in the ball park, we're not saying 'no'," - Robert Hoban, Savills Hamilton Osborne King.
"Our job in government is to continue to invest in projects that will enhance our competitiveness; to implement sustainable, sensible fiscal policies and to ensure that we retain a flexible environment. If we follow this course of action, the economy will be in a position to bounce back when the temporary negative factors fade." - Brian Lenihan, Minister for Finance.
"Everyone knows the downturn in the public finances is because government blew the finances from the boom which everybody knew would be temporary." – Dr Alan Barrett, Senior ESRI researcher.
“The combination of higher customer mortgage rates and weaker confidence in the economy is increasing uncertainty about the immediate future of the property market. This has resulted in lower demand thereby reducing transaction numbers and property prices.” - Niall O’Grady, General Manager Business Strategy, Permanent TSB.
"Within the Economic and Social Research Institute's forecasts released earlier today, an assumption was made that only 40,000 units would be completed this year. For this to happen, output would have to fall by 63 per cent in the final seven months. This seems overly aggressive to us." – Dermot O’Leary, Goodbody Stockbrokers.
“Residential applications have come to a halt. We have had very few applications for that this year." - Paul Maloney, chief executive, Dublin Docklands Development Authority (DDDA).
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