Home-building up nearly 20% but apartments lag behind

Completions last year reached highest level in a decade at 21,500, says Goodbody

21st January, 2020
Home-building up nearly 20% but apartments lag behind
The Central Bank has suggested that 34,000 houses need to be built every year for the next decade to meet demand. Picture: Laura Hutton/Photocall Ireland

Home completions hit the highest level in a decade last year, but the rate of apartment-building was still well behind the European average.

New home construction was up 19 per cent year on year to 21,500 in 2019, according to the Goodbody BER Housebuilding Tracker. The rate of construction is five-times the level reached in 2013, when there were 4,575 completions.

The rate of apartment construction surged by 55 per cent last year, but it continued to represent a low...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

IPPi report reveals housing price trends for last 12 months

Rural prices surge in Q3 as flight from cities continues

Negotiated peace or uncertain conflict? Covid-19’s ongoing impact on commercial leases

Office market starts to find its feet after Covid-19