Irish housing completions rise to 33,000 in year to Q3 2025
This morning’s data show another welcome rise in housing completions, up 4% in Q3 2025 to 9,235 and to 33,000 over the past 12-months. This is the highest annual total for housing completions since 2009. The out-turn shows that overly pessimistic commentary at the turn of the year, that homebuilding might contract in 2025, was well wide of the mark. Rather, housing completions are on track to meet our forecast for 34,500 in 2025. That said, clearly homebuilding are still well short on the 40-50,000 units required to meet pent-up demand. Looking forward, we are encouraged by the 4Dublin Housing Supply figures, showing the number of homes under construction in the capital in early 2025 was up 27% on the year – including a 2-3 year pipeline of apartments. Hence, concerns around viability and a decline in planning permissions for apartments shouldn’t hurt completions until 2028/29.
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