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850 new homes added to county's housing stock

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Stock image: Chris Ratcliffe/Bloomberg

Stock image: Chris Ratcliffe/Bloomberg

Stock image: Chris Ratcliffe/Bloomberg

Over 850 new homes were added to Wicklow's residential housing stock in the last 12 months, according to a new report.

The GeoView Residential Buildings Report for the second quarter of 2020 found that 859 new residential address points were added to the GeoDirectory database in the 12 months to June 2020. This represents around 5 per cent of the 16,617 new homes nationally added to the database in the 12 months to the end of June 2020.

Dublin was top of the pile with over 5,000 address points added over the 12 months to June 2020.

The analysis found that 750 homes were under construction in the Garden County in June, representing around 5.5 per cent of the construction activity nationally. However, it sounded a note of caution warning that the Covid-19 outbreak and the continued uncertainty surrounding Brexit may dampen construction activity into the future.

Wicklow was identified as the county with the third lowest vacant rate, 2.9 per cent, well below the national vacancy rate of 4.5 per cent. The county also had the second lowest rate in of derelict residential properties at 1.2 per cent.

The report looked at residential property transactions for the 12 months to the end of May 2020. 1,506 residential property transactions took place over this 12 month period with an average price in the county of €369,057. Of these property transactions, the report found that 31 per cent were new-build properties. Average house prices in Wicklow, Kildare and Dublin were all above the national average of €296,758.

Commenting on the latest GeoView Residential Building Report, Dara Keogh, Chief Executive, GeoDirectory said, 'This report shows the impact that Covid-19 has had on housing supply in under six months. For the first time in several years, we have seen a drop in the number of new address points added to the GeoDirectory and a fall in construction activity compared to the previous year. Residential property transactions have also declined across the country. Time will tell whether this is just a temporary stalling of supply and demand, or if it is evidence of a long-term change.'

The GeoDirectory was jointly established by An Post and Ordnance Survey Ireland (OSi) to create a database of commercial and residential buildings in Ireland.

The GeoView Residential Buildings Report found that the total residential stock in the country grew by 16,617, 0.8 per cent, in the 12 months to the end of June 2020 to a total of 2,025,735.

Bray People