Planning permission was granted for nearly 43,000 new homes last year, the largest number in more than a decade, pointing to a significant pick-up in residential construction.Of this total, 26,272 were for apartments and 16,719 were for houses.
Planning permissions for apartments were up 6.5 per cent on the previous year. Photograph: Paddy Whelan Estate agent Sherry FitzGerald estimates that PRS investors have invested close to €7 billion in the Irish residential market since 2011, most since 2018, and most of it in Dublin.The CSO’s figures show that of the 16,719 houses granted planning permission in 2021, 44.9 per cent were one-off houses while 55.1 per cent were multi-development houses.
Source: Real Estate Daily Report (realestatedailyreport.net)
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