Ireland: Developers reluctant to build apartments, new figures show
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Planning permissions are rocketing, with a 42 per cent increase reported in the year to June 2017. However, it’s unlikely to feed into a significant bump in supply with figures showing that the vast majority of permissions being granted are for houses, not apartments.
According to latest figures from the Central Statistics Office, in the second quarter of 2017 planning permissions were granted for 4,453 units, up by 41.8 per cent on the same period in 2016. Houses accounted for the vast majority (82 per cent) of permissions, and the rate of growth is strong, up by 55 per cent on 2016. Moreover, one-off houses accounted for 28 per cent of all units being granted planning permission.
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Source : Ireland: Developers reluctant to build apartments, new figures show