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HOUSE BUILDING ACTIVITY recovered strongly from the impact of the pandemic after sites were reopened in May, according to the Banking and Payments Federation of Ireland (BPFI).
The banking lobby group’s latest Housing Market Monitor also highlights the increasing level of construction activity in areas outside Dublin relative to the capital.
The report comes as the Government readies its ‘Housing for All’ strategy for launch following a Cabinet meeting later today.
Minister for Housing Darragh O’Brien will unveil the new suite of policies against a national backdrop of rising prices and low levels of supply, exacerbated by pandemic-related public health restrictions over the past year.
Residential property prices increased by 6.4% nationally in the year to June 2021.
But according to the BPFI report, 5,021 housing units were completed in the second quarter of 2021, a sharp improvement upon last year.
It means that 8,955 houses were completed in the first half of the year, a 10% increase on the same period last year and just 1% fewer than the same period in pre-pandemic 2019.
Work on a total of 12,700 housing units commenced in the three months to the end of June, the most in a single quarter since 2007.
“On an annualised basis, almost 27,300 units were commenced in the twelve months ending June 2021, the most in any twelve-month period since the twelve months ending October 2008,” according to the report.
Construction activity is also noticeably moving away from the capital and into its environs, the BPFI said.
Judging by sales of new properties, 36% of market transactions in the Dublin Commuter belt during the first half of 2021 were for new properties, compared with around 25% in 2011.
Just 23% of transactions in Dublin and 19% in Cork were for new properties, according to the report.
Commenting on the findings, BPFI chief executive Brian Hayes said Dublin’s share of total national completions has fallen in recent years from a record 39% in 2017 to 28% in the first half of 2021.
“Breaking down the types of completions, it’s interesting to note, however, that Dublin continues to have the most apartment completions accounting for about 68% of all completions at the national level,” the former Fine Gael TD said.
“We also see that Dublin’s share of total commencements stood about 35% as of the first half of 2021 declining from around 44% in 2015.”
Overall, Hayes said, ”Notwithstanding the negative effects of the pandemic, we see that activity levels are increasing significantly.
“The recovery of the residential construction sector continued with the removal of pandemic-related restrictions on activity in the sector from May 2021.
“If the sector continues to build at a rate similar to the second half of 2020, it is likely that total completions in 2021 can reach 22,000 units.”
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Shows how incredibly removed he is from empathy with other humans and he’s an influencer? That’s worrying.
@Deborah Behan: if you’re being “influenced” by the like of him you need a reality check.
@Bourbon: Fool!
@Matt Beaumont: why?
‘Troll attention wh0re does something that outrages Twitter allowing journal to post same story twice in 2 days with different headlines for more clicks’ This will be 2018 journalism in a nutshell.
Not once did he make any effort to help the person. It was just a nature documentary for him. Stop letting your kids watch this tripe.
@Liam Byrne:
What exactly do you think he could have done to help the person?
@Liam Byrne: The guy was dead since that morning so there wasn’t much he could have done.
@Brian Ward: well, there was a lot more he could have done – nothing to save that persons life, but he could have called the authorities instead of filming and joking around!
@meatyslaps: He did call the police or rather he asked his guide to call the police.
@Walt Jabsco: Maybe not film them?
@Brian Ward: how did he know he was dead. Is he a physician. He had no idea how long he was there.
@Tom Tom:
I’m not defending him – filming the victim was in extremely bad taste and he fully deserves the public backlash he’s getting.
I’m just asking what exactly Liam thinks should have been done that would have helped the victim. Not much as far as I can see.
@Liam Byrne: The guide that was with hi said that the victim was there since morning so I assume (since the victims features were pixeled out) that it was obvious that he or she was dead for some time.
@Brian Ward: so it sounds like the guide found the body earlier and then brought the guy to it?
@Brian Ward: what could he have done? How about donating ALL the money he received in click-commission from his advertisers to a suicide-prevention charity?
FFS even his ‘Apology’ video is making him heaps of $$$ in advertising revenue!
@Dave O Keeffe: No, it sounds more like that this wasn’t the first time the guide had found a dead body and knew the signs of rigor mortise. He even says that a friend of his killed himself a few years back. The body was hanging so i am assuming that there was definite signs that it had happened long before the crew got there.
Anyway what does it matter? What really matters is that this Logan clown didn’t even have the decency to take off the ridiculous Pokemon hat that he was wearing after finding the body, his crew members couldn’t stop snig-gering and Logan some how makes it all about him and not the victim. Any decent human being would have shown much more respect in such tragic circumstances and made it about raising awareness of mental health and suicide rather than making a show to boost his own ego and ratings.
@Dave O Keeffe: I actually posted my last reply about 2 hours ago but the Journals word filters apparently consider the word s n i g g e r i n g to be offensive! The obviously have their filters set at the top snowflake level.
@Brian Ward: The filters are obviously automated, and it is quite obvious as to why it was blocked.
@Brian Ward: I always thought it was snickering
@Brian Ward: I don’t understand what you’re arguing about, I only asked a question. I am not going to watch the video because that helps this s(umbag
He’s got one of those heads you’d love to punch. Bellend
Ar$ehole – Youtube should get some criticism too, they should not have allowed it to go live.
@Eddie O’Neill: I think that the problem there is that there are so many videos being uploaded every second that YouTube can’t watch and verify every single one of them. They have to wait until someone flags it and then take it down.
@Brian Ward: it was flagged and YouTube manually reviewed it, said it was OK and placed it on the trending page.
@Richard Flynn: Ah well in that case the reviewer should get a bollicking.
Note how YouTube and Google have released a statement condemning it, but this video was on the top ten trending list 2 days ago. YouTube handpick their trending videos!
Just shows they would have had no problem monetising this if there hadn’t been a large public outcry. Now they are pretending they are just as outraged, they ignored their own terms of use policies for their golden boy. Makes me ashamed the lows people are willing to stoop to for a few clicks
@Cian Rynne: not to mention all the other very many violent horrible videos available on YouTube as it stands.
It’s so sad that this mans actions that were wrong are the focus and not a Forrest that is known for suicide. I see our government and agencies patting each other on what is a brilliant thing that less people dies on our roads. Will we have any one with the balls to tell us what our suicide rate is nationally and is it on the rise or falling. Having lost friends and family to suicide people in the right place are afraid to talk about the numbers
This story was run a few days ago on the journal
Absolute braindead pri!!k that knows f all about living in the real world..
Most worrying aspect this was the support he received from his young fan base the defended him.
@Grimm: kinda makes you think what the youth of today are going to be like as adults…. mindless lil sheep.
It’s the media making a fuss , the guy apologized FFS
This moran should be prosecuted, teach this selfish git a lesson….
@Johnnie Sexton: For what? He might be an ahole but I doubt he broke any laws.
@Johnnie Sexton: Don‘t allow your children to watch that knob anymore!
No viewers, no money for the moron!
Plain and simple
You know your fooked when you piss off Japan!!!
@Warren Collier: you’re
have your say