Sunday, April 23, 2017

Irelands new houses fantasy

The Irish Republic's Department of Housing’s official housing completion figure for 2016 was to be 14,932.

The number of new homes built in the State last year was just 2,076.

When one-off homes are excluded, just 848 estate houses and apartments were completed in 2016 compared to an official Department of Housing estimate of 8,729.

In Dublin city, the most populous part in the State, just 68 scheme homes and apartments were completed last year.
The figures for other local authorities were also well below official estimates; Fingal (121), Dún Laoghaire-Rathdown (78), South Dublin (69) and Cork City (21). In three local authorities, Longford, Leitrim and Roscommon, there were no housing completions recorded at all in 2016, while a further eight counties recorded fewer than 10 completions.
Dublin architect Mel Reynolds said the Government’s housing targets, contained in its Rebuilding Ireland strategy, are based on new-build levels that were “fictional”. He said the remarkably low output figure for scheme homes and apartments also raised questions about the Government’s new Help-to-Buy scheme, which has been blamed for fuelling further inflation in the market.

No comments: