Tag Archives: Ireland

Irish House Prices Ricing

Irish Property Market on the Rise

According to figures released by the Central Statistics Office house prices across Ireland rose by an average of 8.1% in the year to February. The latest statistics show that on average house prices have been rising steadily for nine consecutive months and that the average national price rise is the strongest that it has been since before the crash in June 2007. These figures give strength to the belief that the recovery of the Irish housing market is well under-way.

Irish House Prices Rise 2014 Graph

Outside of Dublin house prices across the country rose by 0.9% during the month of February and were up by 4.2% compared with the same month last year. However, the value of property in the capital fell by 0.6% compared to the previous month of January. However, house prices in Dublin still managed to be 13.3% higher than they were in February 2013, making the overall picture a positive one despite this small setback. Equally the progressively rising prices across the rest of the country offer more than a little compensation for an under-performing Dublin.

To read the Full Report Click Here!

Technology Revenue

70% of Irish Software Firms Increased Turnover in 2013

These indigenous Irish technology companies increased their turnover by an average of 30% last year and many are now looking outside of Ireland for their main market, according to a survey by AIB.

The survey found that despite a strong multinational presence in Ireland, there is a scaling indigenous technology sector worth €2 billion in annual sales and employs 30,000 across the country.

AIB’s head of Technology, Media & Telecoms Banking John O’Dwyer said there is accelerator movement incorporating players like Wayra, NovaUCD, the NDRC and others are playing a considerable role in attracting talent from overseas which is vital for business owners trying to grow a business in the ICT sector.

To read the full article from Silicon Republic Click Here.

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YouTube to audit videos in order to reduce “fake views”

Despite YouTube visitors watching over six billion hours of videos each and every month 540_293_resize_20121201_01cfce6fefe207658e3e8e9717410211_jpg (1)split between over 800 million users, not all eyes are “real”.  Many users purchase fake views which YouTube have said they intend to periodically check up on, validating views on videos to remove the frauds as not to deceive users.

“When some bad actors try to game the system by artificially inflating view counts, they’re not just misleading fans about the popularity of a video, they’re undermining one of YouTube’s most important and unique qualities,” Commented YouTube software engineer Philipp Pfeiffenberger. “While in the past we would scan views for spam immediately after they occurred, starting today we will periodically validate the video’s view count.”

“If you’re considering paying someone to increase your view count, you may want to think again. You probably won’t get what you paid for,” stated the blog post

“Views generated by some third-party businesses and services will not be counted on YouTube, and can lead to disciplinary action against your account, including removing your video or suspending your account.” In short, it is described as cheating and unnessacary.

Although initially established as a video sharing website, YouTube is now considered a search engine, and is currently the second most frequently visited search engine in the world, shadowing  behind Google.

post box

Implementing Postcodes in Ireland

The Irish Government has claimed that Ireland will be the first country in the world to have a public database of unique identifiers for properties. This is said, will help citizens, public bodies and businesses to locate every individual household, apartment and business in the State.

The general consensus is that a Postcode Management Licence Holder (PMLH) will manage the postcode database and license its use through third-party suppliers – this would follow a similar model to the UK.

Parcel delivery will be more efficient, as drivers will not be required to have local knowledge, leading to savings for the consumer. The area of property and the health services could also be set for a digital overhaul.

Tom Hayes, who is head of micro-enterprise and small business at Enterprise Ireland, is also of the general view that this postal system overhaul via codes could generate business spin-offs, especially for existing players who are operating in the area of information management and in spatial management.road signs

The postal coding system “might also fit into the smart-city approach”, he said.

This, for instance, could be applicable to urban planning, and making systems like transport services flow faster, using data to map out peak travel times for commuters, school belts around the city, or hospital routes. It could also be applicable to the regions – opening up information on census data so that planners and property developers can know when to put in new playgrounds, nursing homes and healthcare services – based on demographic inflows and outflows.

Acquaint CRM will have postal codes built into it to help with locations services already in the software package. Features that postal codes will be integrated into include mapping the location of properties for brochures and viewings.

OECD Logo

Ireland’s Bailout Targets and Employment Future

The Organisation for Economic Co-operation and Development says Ireland is emerging from its difficulties, with economic activity and employment slowly recovering.

In a survey of the country published every two years, the Paris based organisation says Ireland’s national debt should peak this year, and is approaching a turning point.

It says Budget strategy rightly aims at putting the national debt on a sustained downward path.

It says reinvigorating long term growth will be essential to ease the burden left by the crisis.

The report urges the Government to persevere with the conditions and targets of the EU-IMF programme and reduce the budget deficit to “below 3% of GDP by 2015″.

This implies the Government may have some €600m to €700m available to ease back on Budget adjustments, and still hit EU targets – if growth lives up to expectations.

If the Government makes the full budget adjustment for 2014, it should achieve a primary surplus – that is it will take in slightly more money than it spends, excluding debt interest costs.

If growth does not materialise as strongly as forecast, the OECD does not recommend going beyond the terms of the bailout programme.

It says longer term challenges to budget sustainability come from rising spending pressure in the health system and from the pension system.

On the banking situation, it notes that Ireland has the second highest level of no-performing loans in the OECD.

The OECD says the risk of a lost generation calls for decisive intervention in the youth labour market. It says because of high and persistent rates of youth unemployment, activation policies are “paramount”.

Ireland has the highest share of young people on income support in the Unemployed PersonEU – 30%. It was already higher than the OECD average – at 10% – before the recession in 2007. Today it is more than three times the OECD average.

It recommends the Dutch model, under which any person aged 18 to 27 seeking social welfare benefits must be offered either work or training or a combination of the two.

“Young people cannot remain inactive, and must accept an offer in order to get social benefits”. It says such an approach keeps social exclusion and marginalisation at bay.

The internship programme – Jobsbridge (8% of spend) is criticised for not being a real internship programme, in that it does little to give first work experience to young people and is more like an incentive scheme for employers.

Unlike most OECD countries, Irish people with only a general education qualification have a higher employment rate than those with vocational training.

Are you providing Internship opportunities, let us at 4pm know where you stand on the use of Interns.