Ireland Sees 28% Drop in Planning Permissions, Leading to Sharp Decline in House Building…
Dublin: Concerns are mounting as a slowdown in housebuilding exacerbates Ireland’s ongoing housing crisis. Data from the Central Statistics Office (CSO) revealed a significant 28% reduction in planning permissions granted from January to March this year compared to the same period last year.
The number of houses approved fell by 20%, while apartment approvals dropped by nearly 37%, with only 8,387 units approved this year compared to 11,659 last year.
Of the residential units granted planning permission, 58% were houses, and 42% were apartments. Dr. David Duffy, director of Property Industry Ireland, attributes the overall decline primarily to a reduction in apartment approvals.
Last year, 11,659 planning permissions were granted, sufficient to provide homes for around 21,500 people. The CSO reports a 9% decrease in the number of one-off homes, with only 1,288 units sanctioned within three months.
The number of multi-development homes has dropped by approximately 24%, contrasting with an increase of about 54% in the last quarter of the previous year. Planning permission was granted for 2,003 apartments across Dublin’s four local authorities, marking a 57% decrease in the number of habitable units.
This downturn in approvals is a troubling indicator for the housing market, which continues to struggle with supply issues amid a growing demand for residential units.
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