New figures have revealed that more than €6 billion of construction projects went on-site during the first nine months of 2016.

The Construction Information Services' latest Construction Market Review states there were 5,000 major projects submitted for planning, a 13% increase compared to last year. In addition, work has commenced on 9,000 residential multi-units.

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With the number of major projects on-site rising from 939 to 1,342, the value has increased by almost 90% in Q3 2016 when compared with the Q2 2016 period. However, this was down 44% when compared with figures in the first quarter.

Munster experienced the largest volume of submissions (1,600), while the value of projects granted planning permission has risen to almost €8bn, up from just under €5.5bn in 2015.

Overall, CIS has seen a 7% rise in the value of plans submitted in Q3 2016 when compared to the second quarter.

(LM)