The volume of Residential projects commencing On-Site in the first six months of 2018 is up 15% on the same period last year, with 321 projects/schemes started in the period (Fig. 4) . Dublin is the only region to an experience a decline in the volume of projects commencing, down 2% to 94 projects.
These 321 projects are expected to deliver over 9,100 units if all are completed. This represents a 12% increase on the same period last year. Connacht is the only region where fewer units will be built as evidenced by Fig. 5. Leinster continues to be the largest region by volume with over 3,500 units commencing in H1 2018, while Dublin has remained relatively static at almost 3,300.
Future Pipeline of Residential Sector Projects
The volume of projects granted planning in H1 2018 is up 20% when compared with the same period last year (Fig. 6). Interestingly, Dublin is down 15% on the same period last year with 108 projects granted planning in H1 2018, while Connacht is up 71% and Munster up 47% on the period. In total, there were 476 projects granted planning in the first half of 2018, up from almost 400 in the first half of 2017.
The volume of units granted planning permission in H1 2018 is up 66% on the same period last year with over 13,000 units granted planning in multi-unit schemes, up from 8,000 units in H1 2017 (Fig. 7). There were also a further 3,300 self-build single dwellings granted permission in the first six months of 2018.
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