Thursday 19 September 2019

Slowdown on cards for new homes in Dublin as focus moves to Leinster

466 housing projects went on-site in the first nine months
466 housing projects went on-site in the first nine months
Ronald Quinlan

Ronald Quinlan

Those looking for the most accurate and up-to-date picture of the housing sector will be interested in the latest quarterly report on building activity from Construction Information Services (CIS).

The report, which covers the nine months to the end of September, throws up a number of new findings in relation to the rate at which the property industry is now responding to the housing crisis, and where its efforts are being concentrated.

While notable increases have been recorded generally for the number of planning applications, planning permissions and projects moving on-site compared to the same period last year, the analysis shows a pattern of relative decline in Dublin, where demand for housing is most acute.

In terms of planning permissions for instance, some 1,100 projects, representing 26,500 units, were applied for across the country in the nine months September, representing an increase of 27pc on the same period in 2017. All regions experienced substantial growth, with the exception of Dublin (just 1pc).

A further examination of the report shows Dublin is giving way to the rest of the country when it comes to the number of projects moving on-site.

According to CIS, the capital was the only region in the first nine months of this year where the volume of projects moving on-site decreased.

Leinster, Munster and Connacht, in contrast, all recorded increases compared to last year. Overall, the number of projects moving on-site increased by 4pc over the figure for the third quarter in 2017.

In unit terms, the volume of new homes being built increased by 27pc when compared to the same period last year.

Leinster is the largest region by unit volume with over 5,300 units commenced in the first nine months of 2018.

Dublin, meanwhile, was the next largest region with 4,800 units commenced in the same period.

Looking at the overall prospects for housing delivery, the report notes that 466 individual projects moved to the on-site stage by the end of September, representing over 14,000 homes if they are all completed.

Leinster dominated activity, accounting for 166 of the projects started.

Over 720 residential projects secured planning permission in the first nine months of 2018, an increase of 16pc on the same period last year.

According to CIS, over 20,000 units will be delivered should all of these projects be completed - a 33pc increase on the same period last year.

Sunday Independent

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