PLANNING PERMISSIONS FALL BY 59% IN 2015
Planning permissions have fallen dramatically in Dublin, despite the rising cost of renting and increased shortage of accommodation in the city.
The findings of the quarterly Housing Development Monitor compiled by the Society of Chartered Surveyors Ireland (SCSI) and Future Analytics Consulting raised serious concerns about the supply of new homes coming on stream.
There was serious concern in the last quarter of 2015 about the pipeline of new homes in the Dublin region. Research undertaken by Future Analytics Consulting showed that permission was granted for just 852 units, a drop of 59% on the second quarter of last year.
“The drop-off in planning applications since the start of the year will place greater pressure on Dublin’s dysfunctional housing market which is crippled by lack of supply,” says Andrew Nugent, president of the SCSI.
Permissions were granted for just 13 residential schemes of 25 units or more in the Dublin region in the third quarter of 2015.
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