Build­ing boom is set to con­tinue

May 1998

Bray People - - NEWS -

House com­ple­tions in Wick­low in 1998 look set to out­pace last year’s fig­ure, ac­cord­ing to the De­part­ment of the En­vi­ron­ment’s Hous­ing Sta­tis­tics Bul­letin.

In the first quar­ter of the year, 346 houses were com­pleted in the county, all bar four of which were pri­vate.

Last year, a to­tal of 1,147 houses were built in Wick­low, which, when con­trasted with the 511 com­ple­tions in 1993, shows the dra­matic surge in house­build­ing – and pop­u­la­tion – which the county is ex­pe­ri­enc­ing.

To date this year, na­tion­ally, the num­ber of house com­ple­tions is up by six per cent on the cor­re­spond­ing fig­ures for last year.

The num­bers opt­ing for vari­able rate mort­gages have in­creased this year, com­pared to last year, al­though fixed rate mort­gages re­main more pop­u­lar, with 64 per cent of ap­pli­cants opt­ing for the fixed pack­ages.

The Bul­letin also re­veals that new house prices have in­creased na­tion­ally by six per cent and by 6.3 per cent in the Dublin area since the fi­nal quar­ter of last year. Sec­ond-hand house prices went up by two per cent na­tion­ally and 1.3 per cent in the Dublin area.

Com­pared with the March quar­ter of 1997, new house prices have in­creased by 24.6 per cent na­tion­ally and 33.8 per cent in the Dublin area, while sec­ond hand house prices were up by 27.3 per cent na­tion­ally and 32.8 per cent in the Dublin area.

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