New builds on wane
Fewer new homes look set to be built in Dublin than in Cork this year should the latest houses starts figures from HomeBond be sustained.
For the usually very busy month of March only 10 new houses were registered in Dublin with the house building insurance agency. This is almost a third of the 29 housing starts registered for Cork in March.
For the first three months of the year only 40 new home starts were registered in Dublin compared to as many as 404 in the same period of the relatively quiet 2009. A similar comparison shows an increase in Cork with 113 starts in Q1 2010 compared to 103 in Q1 2009.
One observer remarked that Cork land owners appear to be taking advantage of the fall in building costs in order to develop one-off houses.