Property
Total of 17,587 new residential and commercial buildings were identified across Ireland in 2010 - - down 82% compared to record high in 2007
By Finfacts Team
Jan 11, 2011 - 9:18 AM

Printer-friendly page from Finfacts Ireland Business News - Click for the News Main Page - A service of the Finfacts Ireland Business and Finance Portal

A total of 17,587 new residential and commercial buildings were identified across Ireland in 2010, according to figures released today by GeoDirectory. This represents a year-on-year decrease of 23% compared to 2009 when 22,961 new buildings were recorded nationally, and a drop of 82% compared to the record high of 2007.

GeoDirectory, a subsidiary of An Post, working with Ordnance Survey Ireland (OSi) manages Ireland’s only complete database of residential and commercial buildings. The figures were recorded by 5,600 An Post delivery staff working with experts from OSi.

Across the country, GeoDirectory recorded 17,587 new buildings, composed of 14,495 residential buildings, 2,137 commercial buildings, and 955 dual-purpose buildings with both residential and commercial components.

Dublin City and County, where 982 new buildings were identified, showed the largest decrease in new building additions with a 61% drop compared to 2009. Several counties (Donegal, Galway, Leitrim, Longford, Meath, Sligo and Wexford) bucked the national trend showing small increases in new building additions compared to 2009. The average increase recorded across these counties was 8%, with the largest increase of 33% being recorded in Leitrim, where 329 new buildings were identified.

While showing a year-on-year decrease of 23% in new building additions, Cork City and County recorded the largest number of additions for 2010, with 2,577 new buildings identified. In contrast, Carlow, showing a year-on-year decrease of 55% in new additions, recorded the smallest increase with 198 new buildings identified.

The new additions in 2010 bring the total number of buildings in the Republic of Ireland to 1,878,824.

Commenting on the new figures, GeoDirectory General Manager, Dara Keogh said: “2010 saw 17,587 new buildings being identified nationally by GeoDirectory. The figure represents a year-on-year decrease of 23% in new additions, and is below the average long-run position of 40,000 new additions per year.

This downward trend follows a peak in 2007 when 96,000 new buildings were added to the GeoDirectory database. Since then, the number of additions to the database each year has fallen to just 17,587 in 2010. That’s a drop of 82% in new building additions over the last four years.”

“We expect that the level of new building additions in 2011 will be in line with last year as the impact of any return to growth will most likely not be felt in the construction industry until 2012,”
he added.


© Copyright 2011 by Finfacts.com