"The final figure is well ahead of many independent predictions. The Central Bank's most recent forecast was for 33,500 units, while the ESRI said it thought completions would be in the region of 35,000. A surge of activity in the final quarter is the reason why those forecasts were exceeded. The figures for the final quarter increased markedly, with 11,994 new dwelling completions in that quarter, 38.5pc higher than in the last quarter of 2024."
"While the Government proclaimed the big jump in completions as evidence that its housing policies are finally working, 36,284 completions still leaves it behind target. It has promised to build 300,000 new housing units by 2030. Independent analysts say the underlying need is for an extra 50,000 to 60,000 houses a year to clear the pent-up demand. A surge of activity in the final quarter is the reason why those forecasts were exceeded."
"More than half of completions - almost 58pc - were in Dublin or the Mid-East region of Kildare, Louth, Meath, and Wicklow. By Local Electoral Area, the most completions in 2025 were in Clondalkin in Dublin, with 1,399. Seven of the eight regions had higher rates of completion last year. The exception was the South East - Carlow, Kilkenny, Waterford, and Wexford - where there was a 1.7pc decrease."
Total housing completions in 2025 reached 36,284, exceeding many independent forecasts but remaining below the government's 300,000-by-2030 target. Apartment completions rose 38.7% year-on-year to 12,047, the highest figure since the CSO began collating. Forecasts from the Central Bank and ESRI underestimated final totals as a surge in the final quarter produced 11,994 completions. Independent analysts estimate an underlying annual need of 50,000–60,000 homes to clear pent-up demand. More than 57% of completions occurred in Dublin and the Mid-East. Seven of eight regions posted increases; the South East saw a 1.7% decline.
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]