The volume of projects granted planning in the first half of 2018 has increased by 6% on the same period last year. Residential is the best performing sector with a 20% increase in the volume of projects granted planning (476 multi-unit applications approved up from 398 last year). As can be seen from Fig. 2, the largest sector by volume is Agriculture with almost 800 projects granted, an increase of 13% on H1 2017. Only two sectors have fallen in volume terms but the decline is minimal in both the Community & Sport and Commercial & Retail sectors.
On a regional basis, all areas have experienced an increase in volumes apart from Dublin down 11% and Ulster ROI down 3%.
The outlook from our analysis is more positive when we look at data in monetary terms as there has been an increase of 34%, with over €5.25 billion in projects granted planning in the first half of 2018, up from €3.8 billion in H1 2017. Every region is in positive territory when we look at the data in value terms. Munster is up 83% with three projects worth over €150 million each on the horizon.