Demand for at least 35,000 homes in city over four years

 

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The residential team at HWP.ie estate agents came across this article in the Irish Independent today. There are 2,233 hectares of land zoned and available for the development of up to 100,000 homes in the four main local authority areas of Dublin, according to a new report by the Society of Chartered Surveyors Ireland (SCSI).

 
The New Housing Supply Capacity Report for the period 2014-2018 found that more than 100,000 residential units capable of housing almost 270,000 people could be built across the zoned land.

 
But the report, which is the first to map actual planning permissions and residential zoned land in Dublin, points to a housing shortfall in the years ahead.

 
It suggests there will be demand for at least 35,000 homes over the period, while planning permission has been granted for just 26,000. Dublin City Council (DCC) and South Dublin County Council (SDCC) are the areas with largest shortfall, it adds.

 
The report was produced for the SCSI by Future Analytics Consulting.

 
It says there will be a minimum housing requirement of about 14,000 units in the DCC area, but planning permission has been granted for only some 1,300 units. In the SDCC area there is a minimum housing requirement of close to 9,000 units but planning permission has been granted for only 4,200 units.

 
It described the situation in the Dún Laoghaire-Rathdown County Council area as “healthier”, with a surplus of planned units over the minimum requirements. More than 1,000 hectares of available zoned land is located in the Fingal County Council area, where the planning permission statistics also point to a surplus of units compared with minimum requirements.

 
“This new SCSI study provides further evidence for the need to start building new homes in Dublin to address the housing supply shortage and ease the pace of property price inflation,” said Simon Stokes, chairman of the SCSI’s residential agency group.

 
“The situation in the Dublin City Council is critical while the situation in South Dublin County Council is very serious. It’s clear these are the two areas which require urgent attention.”

 
Mr Stokes called on developers and builders to work with the local authorities to begin more new developments in these areas and to increase the number of planning permissions where demand exists.

 
“For this to happen, we need to improve levels of availability of development finance, provide upfront infrastructure and ensure a streamlined planning process.”

 

 

If you are interested in selling your property speak to Frank Kennedy the head of residential property at HWP.ie estate agents who would be happy to discuss your property and do a free valuation if your require.

 

 

At HWP.ie estate agents we understand selling your property can be a stressful and often expensive process. That is why we have taken the pain out of the process. We will only charge you if and when your property sells. We charge you nothing upfront for marketing expenses or any other costs that may stop you getting your property on the market. And if you decide not to sell, we won’t charge you a cent.

 

 

We are on of the only estate agents in Dublin offering this unique service and unbeatable guarantee. We are so sure we can sell your property for a price you are happy with and offer exceptional customer service.

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