Monday 17 September 2018

More than 25,000 unbuilt homes have planning permission

Dublin’s developers are sitting on planning permission for more than 25,000 houses and apartments, new figures compiled by the four Dublin local authorities show. The figures from the Dublin housing supply taskforce, to be published by the Department of Housing on Thursday, show that at the end of the first quarter of the year 3,724 houses and 3,629 apartments were under construction across the capital but planning permission for 25,053 homes remained unused. Almost two-third of the permitted but unbuilt homes are apartments. Despite the strong recovery in Dublin property prices, the Construction Industry Federation said many schemes that had been granted permission remained “unviable” and developers were likely to hold off on construction of apartments until the Minister for Housing published new height guidelines.

Read the full article @ The Irish Times

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