Number of new homes completed in Ireland up 23.4%

The number of new homes built in Ireland increased by 23.4% in the third quarter of 2018 compared with the same period in the previous year, official figures show.

Overall, the total number of new homes completed in 2018 was 12,582, an increase of 27.7% compared to 2017 in the first three quarters of that year.

The third quarter figures from the Central Statistical Office also show that detached homes increased by 6.8% in the third quarter and but the number of new apartments fell marginally by 0.9%.

More than three quarters of all new homes, some 78.7% were in urban areas and 21.3% in rural areas compared to 75.1% and 24.9% in the third quarter of 2017.

The highest number of new homes was in Dublin at 1,872 followed by the Mid-East at 980 completions. These two regions combined also accounted for 73.8% of all scheme dwellings completed.

Apart from Dublin, Meath County Council, Kildare County Council and Cork County Council record more than 200 new scheme dwellings each in the third quarter of 2018.

The South-West was the region with the most single home completed, led by Cork County Council where 133 new single dwellings were completed.

There were 483 new apartments completed in Dublin which accounted for three quarters of all new apartments in the third quarter of 2018.