Posted in: Weekly Round Up
Housing completions see marginal 2% growth in Q1 2025
This morning’s CSO data show residential dwellings completions were 5,938 in the first quarter of 2025, up 2% on the year. Whilst a marginal improvement, the completions data have clearly not accelerated in line with the surge in commencements to 69,000 in 2024, artificially inflated by developers rushing to take advantage of temporary waivers on local authority and water infrastructure charges. That said, the ‘4Dublin Housing Supply Pipeline’ figures point to a marked pick-up in homebuilding activity in 2024, at least in the capital. So whilst we will likely need to revise down our forecast for dwellings completions in 2025 to below 40,000 units, a pick-up from the 30,300 in 2024 is still likely.
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