Construction Projects at On-Site Stage in Republic Of Ireland 

• Over €6 billion in projects On-Site in the first 9 months of 2016
• 5,000 major projects On-Site
• 1,600 Projects Submitted for Planning in Munster
• 9,000 Residential Multi-units have started*

According to CIS data on construction activity, the value of all construction projects which went On-Site* in the first nine months of 2016 in the Republic of Ireland was just over €6 billion. (Fig. 1)

F1

 Fig. 1

This is an increase of 39% compared to the same period in 2015. The number of major projects On-Site has also risen from 939 to 1,342 over the same period. All regions are showing project volume and value growth year on year, apart from Connacht.

County Dublin has the largest share of the market by a value of almost €3 billion, or 49% of the market. Leinster’s share of the market is up from 23% to 26% over Q3 2015. Munster has a 17% market share, up 2% from 2015.

Quarter on Quarter Analysis

The value of projects On-Site has increased by almost 90% in Q3 2016 when compared with the Q2 2016 period. Interestingly the number of projects On-Site has grown steadily over the three quarters with growth of 23% and 13% respectively. Over 800 projects have commenced On-Site in Q3 2016.

Nch
The €750m National Children’s Hospital in Dublin at On-Site Stage

Construction Projects at Plans Granted Stage in Republic Of Ireland

The total value of projects which were granted planning permission in the first 9 months of 2016 has risen to almost €8 billion up from just under €5.5 billion in the same period last year (Fig. 2). This equates to a 45% increase in project value. Almost 3,000 major projects have been granted planning on our CIS database in the first 6 months of the year, up from over 2,100 in the 2015 corresponding period.

F2 

Fig. 2

Dublin is the largest region for the period under review, accounting for 53% of the combined project value. This is an increase from 49% of the market in over Q3 2015. Leinster and Munster represent a further 35% of the pipeline.

Quarter on Quarter Analysis

The value of projects granted planning permission in Q3 2016 is down 21% from Q2 2016. This represents a reduction of over €600 million in value. This drop off can be explained by the granting of the €750 million Children’s Hospital scheme. Removing this scheme from the data shows modest growth in the value of Plans Granted from 12% from Q1 to Q2 and 4% from Q2 to Q3.

Construction Projects at Plans Submitted Stage in Republic Of Ireland

CIS has identified over 5,000 new projects which have been submitted for planning in the first nine months of 2016, an increase of 500 projects (+13%) on the same period last year (Fig. 3). Munster has the largest volume of projects with over 1,600 projects submitted. Over 650 of these projects are in the Agricultural Sector alone. CIS has estimated that the value of projects submitted for planning in the period under review is in excess of €7.3 billion.

F3

Fig. 3 

Quarter on Quarter Analysis

CIS have seen a modest increase of 7% in the value of plans submitted in Q3 2016 when compared to Q2 2016. Dublin has increased by 41% while Leinster is down 38% for the quarter.

* ‘On-Site’ describes any projects where building activity has begun.
**The Leinster region excludes Dublin throughout this report. Dublin is treated as a region in its own right due to its large ‘closed’ economy and high levels of internal construction activity.
***This report excludes One Off Housing and Extensions and any projects where no construction opportunity exists such as Fire and Disability Access Certs. Any discussion of construction projects in this review incorporates this caveat.

Call CIS on 01 2999 200 for more information on our quarterly construction activity reports or email sales@cisireland.com for more information on our great value construction information premium packages.