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Over 40,000 new homes approved in 2009

  • 30-03-2010 1:20pm
    #1
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭


    Interesting article here:
    Planners gave the green light for 40,556 homes last year - a 60% fall on 2008.

    Official figures revealed that permission was granted for more than 26,800 houses and 13,742 apartments around the country, less than half the levels seen after the property market crashed in early 2007.

    The Central Statistics Office said plans were also approved for 8,713 one-off houses.
    Given that natural demand for property in Ireland is around 25,000 to 35,000 a year, along with the overhang, ongoing building of this nature will have a profound effect on the eventual level of prices that property reaches.


Comments

  • #2
    murphym7
    Registered Users, Registered Users 2 Posts: 2,036 ✭✭✭murphym7


    Amhran Nua wrote: »
    Interesting article here:

    Given that natural demand for property in Ireland is around 25,000 to 35,000 a year, along with the overhang, ongoing building of this nature will have a profound effect on the eventual level of prices that property reaches.

    Planning for 40,556 properties and actually building 40,556 properties are two seperate things. It look's like there were actually in fact around 26,820 new builds in 2009 with projections in 2010 for around 12,000.


  • #3
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭Amhran Nua


    murphym7 wrote: »
    Planning for 40,556 properties and actually building 40,556 properties are two seperate things. It look's like there were actually in fact around 26,820 new builds in 2009 with projections in 2010 for around 12,000.
    A good point, but I don't think that developers have honestly got the message just yet. They will continue to build until they can build no more. Where did you get the figure for actual builds?


  • #4
    murphym7
    Registered Users, Registered Users 2 Posts: 2,036 ✭✭✭murphym7


    Amhran Nua wrote: »
    A good point, but I don't think that developers have honestly got the message just yet. They will continue to build until they can build no more. Where did you get the figure for actual builds?

    Goodbody stockbrokers.

    http://www.breakingnews.ie/business/house-completions-down-by-50-in-2009-442570.html


  • #5
    Gurgle
    Closed Accounts Posts: 5,064 ✭✭✭Gurgle


    Amhran Nua wrote: »
    A good point, but I don't think that developers have honestly got the message just yet. They will continue to build until they can build no more. Where did you get the figure for actual builds?
    I would like to believe they're finding it more difficult to get lender backing on new 'middle of nowhere' projects.


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