The number of housing units under construction in Dublin surged by 26% year-on-year in the third quarter of 2023, reaching 19,380. This increase contradicts initial expectations and suggests a continuation of development projects triggered by last year's development levy waivers. Despite the positive trend in Dublin, national housing delivery is projected to stagnate over the next two to three years due to a slowdown in apartment construction attributed to higher borrowing costs.
The number of housing units under construction in Dublin rose by 26 per cent to 19,380 year on year in the third quarter of last year, according to the latest
Despite the increase, housing delivery nationally is still expected to stagnate over the next two to three years with the supply of new homes falling short of State targets principally because a slowdown in apartment building linked to higher borrowing costs.Fred Cooke: ‘Once when I was hungover, I accidentally put €50 in the basket at Mass, thinking it was €10.
The index recorded a reading of 48.2 in January, down from 51.6 in December and back below the 50 mark. Anything above 50 indicates expansion; a figure below it signifies contraction.
HOUSING CONSTRUCTION DUBLIN IRELAND APARTMENT BUILDING HOUSING SUPPLY
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