26 per cent fewer houses com­pleted

ONLY 196 WERE FIN­ISHED LAST YEAR

Bray People - - NEWS -

THERE was a 26 per cent drop in houses built in Wicklow up to Novem­ber 2012.

Ac­cord­ing to the lat­est fig­ures pro­duced by the Con­struc­tion In­dus­try Fed­er­a­tion (CIF), 196 new houses were com­pleted in County Wicklow last year from Jan­uary through to Novem­ber.

This rep­re­sents a 26 per cent drop com­pared to the 265 houses com­pleted in 2011 over the same pe­riod.

Wicklow’s drop also ex­ceeds na­tional trends in which there was a 20.4 per cent drop in house build­ing from Jan­uary to Novem­ber 2011.

Na­tion­ally 7,662 houses were com­pleted up to the end of Novem­ber last year, com­pared to 9,630 the year be­fore.

Speak­ing about the hous­ing fig­ures, CIF Di­rec­tor Gen­eral Tom Par­lon says 2012 was the worst year on record when it comes to new houses be­ing built.

‘ Th­ese fig­ures un­der­line the dif­fi­cul­ties that faced the con­struc­tion sec­tor in 2012. It was an­other dif­fi­cult year for builders in Wicklow and through­out the coun­try. Na­tion­ally 2012 was the worst year on record for the level of new hous­ing units built. 2011 had held the record for the low­est level of house com­ple­tions when 10,480 units were built. That had been the low­est since records be­gan in 1970. How­ever we ex­pect the fi­nal fig­ure for 2012 to be con­sid­er­ably be­low that - some­where in the re­gion of 8,000 units in to­tal.’

Mr. Par­lon adds that the prop­erty mar­ket is still re­cov­er­ing from prob­lems gen­er­ated from the Celtic Tiger days, though he sees indi­ca­tions of im­prove­ment for 2013.

‘We still have an over­sup­ply of hous­ing in cer­tain parts of the coun­try. As long as that over­sup­ply ex­ists it will be dif­fi­cult for new house build­ing ac­tiv­ity to be com­pleted in th­ese ar­eas. How­ever there are signs that the year ahead will be more pos­i­tive for the sec­tor. In ur­ban ar­eas the level of va­cant hous­ing is drop­ping to low lev­els and there is also an in­creased level of de­mand. The fact that house prices are now more af­ford­able is also en­cour­ag­ing in­ter­est, fol­low­ing years of price de­creases. Add in the be­gin­nings of in­creased lend­ing by the banks and it rep­re­sents a pos­i­tive in­di­ca­tor for the res­i­den­tial sec­tor.’

The fall in house com­ple­tions last year was 26 per cent down on last year.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.