Good morning! Here's what you need to know today about Ireland's economy.

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🇮🇪 Ireland

• Building a home in Ireland now takes almost twice as long as it did 10 years ago — according to the Central Bank, one-off houses and apartments take about 2.5 times longer to complete than in 2017, and scheme housing takes nearly twice as long. The institution projects 39,500 new homes completed in 2026, 41,000 in 2027, and 45,000 in 2028 — but Q2 completions fell 3.6% year-on-year, to 8,823 units. Irish Examiner, September 16
• TikTok announces fresh round of layoffs in Dublin, a month after cutting 300 jobs — around a dozen positions in the e-commerce team at the company's Dublin office (Sorting Office, south docks) are at risk, amid fears the roles could be moved to London; staff will enter mandatory consultation, as required under Irish employment law. In August, TikTok had already announced cuts of around 300 posts (with up to 670 jobs at risk) and the creation of 321 new roles for internal redeployment of those affected. The Irish Times, September 15

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💡 What this means for you

• The slow pace of home completions (taking almost twice as long as in 2017) suggests the housing crunch is likely to stay tight in the coming years — it's worth starting your rental search well in advance and setting aside extra budget for negotiation.
• If you work in tech or e-commerce in Dublin, keep an eye out: TikTok is the second company in the sector to cut jobs in the city in just a few weeks — a good time to update your CV and monitor the job market before any restructuring hits your role.

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Sources for this edition: Irish Examiner, The Irish Times

Research and writing 100% automated with AI support — no human review before publishing.