Numerous developers have claimed that the cost of building new houses is prohibitive. Picture: Getty
Leading Irish developers who recently claimed that house building is not profitable have made tens of millions of euros in profits in recent years.
Stephen McCarthy, managing director of Astra Construction, told the recent House Building Summit that building homes was not a profitable operation in Ireland.
“If house building was that profitable, there would be a lot more people doing it, but the fact of the matter is it’s not,” McCarthy said..
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Leading Irish jockey Shane Foley claimed top honours in the stc International Jockeys Challenge in Riyadh on Friday.
Riders from all over the world jetted in to Saudi Arabia for the second running of the competition, which acts as the perfect appetiser to Saturday s high-profile card at the King Adbulaziz Racetrack, which features the $20million Saudi Cup.
Foley, who as stable jockey to Jessica Harrington has enjoyed big-race success aboard the likes of Albigna, Cadillac and Lucky Vega in the last couple of years, landed two of the four races that form the challenge, first striking gold on Emblem Star.
University of Limerick graduate composer to have song performed at Joe Biden inauguration
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Leading Irish composer, Patrick Cassidy, a former attendee at the University of Limerick, will have his song, Proclamation played at the inauguration of Joe Biden in Washington DC today.
Violinist Patricia Treacy, from Blackrock, Co Louth was invited to perform at the inauguration of President Joe Biden and chose to play ‘Proclamation’, which Patrick originally composed for the 1916 Centenary.
Cassidy graduated from the University of Limerick with a BSC in Applied Maths in 1985 before moving to Los Angelus, where he resides today. The talented composer was the recipient of Alumni Award in 2007 for his Outstanding Contribution to Culture/Arts.
The main piece she will be performing is The Proclamation composed by Patrick Cassidy.
Patricia will be playing a 315-year-old Stradivarius violin, from Joe Bein and Company in Chicago, which is estimated to be worth $4m (€3.3m).
She will also join Soprano Renée Fleming for On Eagle’s Wings Schubert’s Ave Maria and the Celtic Alleluia.
“I have been told, this will be the only live music event on the day,” she added.
Patricia from Blackrock, Co Louth, has played for the president-elect on a number of occasions, including when he visited his ancestral home in 2016.
She was also asked to perform at some of the Biden rallies in Chicago and other cities.