Planning permissions almost doubled in fourth quarter of 2015
Davy analyst says rise indicates ‘belated pick-up in house-building activity’
Planning permission was granted for 2,754 houses in the fourth quarter of 2015. Photograph: Bryan O’Brien
the fourth quarter of last year was almost twice that of the same period in 2014, latest figures show.
The figures from the Central Statistics Office say permission was granted for 4,017 homes, compared with 2,057 for the same period in 2014, representing an increase of 95.3 per cent.
In a breakdown of that figure, planning permission was granted for 2,754 houses in the fourth quarter of 2015 and 1,905 in the fourth quarter of 2014, representing an increase of 44.6 per cent.
Apartments up by 730%
One-off houses accounted for 22.7 per cent of all new homes granted planning permission in this quarter.
The total number of planning permissions granted for all developments was 4,470. This compares with 3,504 in the fourth quarter of 2014, an increase of 27.6 per cent
Planning permissions for new buildings for agriculture went up to 420 in the final months of last year. This compares to 165 permissions in the same quarter of 2014.
An analyst from Davy said, “While these permissions may not all translate into housing starts and could unwind again in Q1 2016, the data is perhaps a signal of a belated pick-up in house-building activity.
“Nonetheless, activity still remains at exceptionally low levels; in 2015, planning permission was granted for just 13,044 units – well below current demographic demand.”