Housing Supply Coordination Task Force for Dublin – Quarter 1, 2017 Returns
The Housing Supply Coordination Task Force published the Quarter 1 2017 Returns report (Housing Supply Coordination Task Force for Dublin – Quarter 1, 2017 Returns).
The returns showed a 10% increase in the cumulative number of units within tier 1 and tier 2A respectively, when compared with the same period in 2016. This change was primarily a consequence of a year-on-year increase in tier 1 houses and apartments activity, whereby a 10% increase was recorded in houses and a 14% increase was achieved in apartments.
In terms of construction activity, whilst the total number of apartments ‘built to date’ only showed a marginal increase during the year (i.e. 3,242 in Q1 2017 compared with 3,180 in Q1 2016), the number of houses ‘built to date’ showed a year-on-year increase of 1,350 residential dwellings. This is supported by a notable increase in the ‘total number of units under construction’, with a 25% increase in the total number of houses and a 17% increase in the total number of apartments that were under construction. This enhanced construction performance was also reflected in the fact that there was a 61% increase in the total number of houses completed and a 100% increase in the total number of apartments completed, when the Q1 2017 and Q1 2016 Tier 2C returns were compared.
The report discusses extant planning permissions which have yet to commence construction, noting that the outlook is relatively positive from a housing supply capacity perspective, whereby planning permission remains in place for the development of a combined total of 23,666 residential units in the Dublin region. Interestingly, there was a reduction in the ‘total permitted but not commenced’ number of houses (i.e. 10,106 in Q1 2017 Vs. 10,480 in Q1 2016). However, this was offset by a significant increase of 17% in the ‘total permitted but not commenced’ number of apartments over the course of the year. This highlights an overall increase in housing supply capacity that awaits the commencement of construction.
The total number of houses recorded in the tier 2A return increased by 11%, whilst the total number of apartments recorded in tier 2A actually decreased by 8% in the same period. Notwithstanding this reduction in tier 2A apartment activity, there was an overall increase of tier 2A residential units from 7,136 in Q1 2016 to 7,145 in Q1 2017. It is worth noting that during Q1 2017, a total of €112.5m of funding was allocated for infrastructure provision under the LIHAF scheme in the Dublin region, which will support the delivery of housing in each of the Dublin Local Authorities under the lifetime of the Rebuilding Ireland programme.