Re: Re: Developments in Cork

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@KerryBog2 wrote:

It’s not just Cork, it’s nationwide……. the banks are very nervous, residential property is not selling and almost half of all business failures in Ireland are construction related (>40% are construction companies). As a result the loan books are lower; this is due to a mix of low demand, stricter lending criteria and a reduced loan-to-value ratio. I’ve heard of several residential devpt. decisions put off until the New Year – and I’ve also heard that a refusal on an ambitious planning app. was welcomed!

I wonder if there is any connection between this and the apparent halt on work at the Murphy Construction site on the Lower Road [next to Statoil].

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