Friday, October 17, 2008

Clare builder says house sales low but steady

County Clare house builder McInerney has said the prospects for further growth in Ireland and the UK continue to be curtailed by negative consumer sentiment and restricted mortgage availability for home buyers.

“The deteriorating international financial and economic conditions have further delayed recovery in both the Irish and UK housing markets,” Lisdoonvarna-based McInerney said in a trading statement today.

However it told the Irish Times that sales in Ireland and UK were at low but steady levels McInerney said the number of house completions is behind previous guidance in the half-year results.