Planning approvals nosedive as initial building boom stalls
More concerning statistics in the midst of the housing crisis.
After what was an initial 38% increase in planning permission approvals in the first three months of 2023, approvals have fallen sharply between April and June by nearly a quarter when compared with the same period in 2022.
In new figures released by the Central Statistics Office (CSO), the number of new homes given the green light for development fell by 23% year-on-year, with a fall of 2,651 to just 8,723 units.
Of those dwellings approved, 52% were apartments with 48% being houses. The figures for apartment approvals were down by 27% to just over 5,000, while new house approvals fell by 18% annually to 3,702 units.
However, the CSO caveated these figures by saying that although the data was volatile, that planning permission figures can "vary significantly" due to decisions based on large developments.
Dublin leads planning approvals in State:
After an 81% annual increase in the amount of multi-development houses receiving planning approval, there was an overall decline of 6% in the second quarter year-on-year.
Dublin predictably saw the largest scale of development, with two-thirds of all apartments granted planning approval in the State during the months of April through June being located in the capital.
Moreover, over a fifth (21%) of all units granted planning approval in the State during the second quarter were in Dun Laoghaire-Rathdown, which broke down to 1,747 apartments and 93 houses.
The Midlands region of Longford, Westmeath, Offaly and Laois saw the lowest number of approvals granted, with just 43 developments approved between April and June, according to the CSO.
Despite the fall in approvals for the second quarter of 2023, planning permissions are still 3% ahead of the same six-month period in 2022, owing to the strong opening quarter of this year.
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