Construction starts on 321 houses in South Dublin in first half of year
SOUTH Dublin County has seen an 83 per cent increase in the overall commencement of housing construction in the first three months of the year.
From January to March inclusive this year the construction of 321 residential units commenced in South Dublin County, which is a marked increase on the figure of 175 for the same period last year.
The figures released by the Construction Federation Industry also show that house completion in South Dublin County for the first three months of the year consisted of 117 housing scheme units, 19 individual houses and 74 apartments.
However, there was an 11 per cent decrease in the commencement of one-off units in the county compared to the same time last year.
This follows news from the Economic and Social Research Institute that there has been an increase in the desired nationwide output target for housing from 25,000 to 35,000.
“The Help to Buy scheme is part of the solution and is having a positive impact on the ability of first-time buyers to purchase a new home,” according to CIF Director General Tom Parlon.
“There’s a noticeable increase in the percentage of starter homes being constructed and subsequently purchased compared to one year ago.
“House price increases are not being driven by activity in this segment, all agree that a lack of supply in the second-hand home market is driving inflation.
“The first-time buyer grant is helping to increase supply for this segment which in time will take them out of the second-hand market.”
According to the figures 3,896 residential units were completed nationwide in the first three months of 2017, while the construction of 3,860 residential units nationwide were commenced in the same time period.
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