Planning permission granted for 43,000 homes in 2021

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.

Nearly 19,000 were earmarked for Dublin, where foreign investors have flooded into the capital’s private rented sector market to avail of comparatively strong returns.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.

Source: Real Estate Daily Report (realestatedailyreport.net)

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