1,605 units commenced in Dublin in Q1
A new monitor of residential planning activity in the Dublin region across the 4 local authorities shows that there were 2,363 planning applications of 25+ unit schemes in the first quarter of the year.
This was an increase of 6% compared to the final quarter of 2014 (2,234 permissions), but is down 40% on the number of similar applications for Q3 2014 (3,734 permissions).
The new Quarterly Housing Development Monitor is published by the Society of Chartered Surveyors Ireland (SCSI), the professional representative body for the property, land and construction sectors, in conjunction with Future Analytics Consulting. It shows the following planning permissions were granted (for 25+ unit schemes):
- 4 developments comprising 232 units in the Dublin City local authority area
- 2 developments comprising 275 units in Dun Laoghaire-Rathdown local authority area
- 5 developments comprising 1009 units in the Fingal Local authority area
- 4 developments comprising 847 units in the South Dublin local authority area
Andrew Nugent, Vice President of the Society of Chartered Surveyors Ireland said “Planning permissions are a good indicator of the levels of supply that will be brought to the market and the SCSI has concerns that the permissions granted in Q1 2015 are 40% lower than those in Q3 2014 and that this will have a knock on effect on an already supply constrained market”.
For the full press release click here.