Friday, 25 October 2019

Apartments drive planning permissions surge in second quarter

A new report by Goodybody Stockbrokers has found that a surge in planning permissions for apartments was behind a 42% year on year (yoy) in increase in residential permissions in Ireland in the second quarter of the year. The number of apartment units given planning permission in the second quarter amounted to 4,675, up 156% on the same period last year, and takes the total for the year to date to 7,267. To put this into context, only 2,745 apartments have been completed in total over the last twelve months. The surge comes on the back of a change building height standards at the end of 2018 and amid very significant interest from the Build-to-Rent sector.
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