Dublin Residential Housing Market
DUBLIN STILL SUFFERING RESIDENTIAL HOUSING SHORTAGE
• Dublin had a below average housing stock relative to its population at 419 dwellings per 1,000 of the population. This reflects the Capital's smaller share of total Irish dwellings (26.4%) relative to its share of the total Irish population (29.7%).
• A total of 3,731 buildings were classified as being under construction in the GeoDirectory Database in Q4 2014. 11.8% of these buildings were in Dublin.
23rd February: At 419 dwellings per 1,000 of the population, Dublin's housing shortage is continuing, according to the first annual report on Ireland's stock of residential properties commissioned by GeoDirectory. This shortage is reflected by an increase in the average price paid (not mix-adjusted) for a home in Dublin, up by almost €28,000 (8.8%) year-on-year to €343,672 in 2014.
A total of 3,731 buildings were classified as being under construction in the GeoDirectory Database in Q4 2014. Cork (12.0% of all buildings under construction in the country), Donegal and Dublin (both 11.8%) dominated this area. Building activity remained depressed in Roscommon (0.8%) where only 29 buildings were under construction, and was equally modest in Sligo and Longford (both 1.1%) where just over 40 buildings were under construction in each county.
The national average price paid for a residential dwelling in 2014 was €213,947. The highest average price by county was recorded in Dublin, €343,672, while the lowest average price was recorded in Longford, €74,154.