Some 22,000 new homes built so far this year as apartment boom in Dublin continues

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Some 22,000 new homes built so far this year as apartment boom in Dublin continues
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CSO’s new dwellings completion series provides the most accurate picture of residential construction rates in the State

Griffith Wood being built on Griffith Avenue in Dublin. Apartment completions rose by 47% to stand at 3,373 in the third quarter. Photograph: Dara Mac Dónaill

The CSO’s “new dwellings completion” series provides the most accurate picture of residential construction rates in the State. Apartment completions rose by 47 per cent to stand at 3,373 in the third quarter and accounted for just under four in ten of all completions, the CSO said.First-time buyers: How to get to know an area before deciding to buy

There has been an influx of foreign investment into the State’s real estate sector. Most of it has financed or is invested in the building of apartments in urban areas, where high rents generate strong returns for investors.

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