October 22, 2020
Business News Property

Surge in new homes built across Waterford city and county: CSO

The  upward surge of completed new residential units in Waterford city and county continued in the first quarter of 2020, new figures reveal.

Some 132 new builds were completed in the city and county In the first three months of this year, according to figures released today by the Central Statistics Office (CSO).

The figures highlight a trend in which there has been a sharp increase in residential completions in the last six months of 2019, when 278 new residential units were completed.

Between 2012 and the third quarter of 2019, new builds were coming in at just between 20% and 33% of the current figures, bar quarter 4 of 2018 when there was a massive spike in completions (163), followed by a return to normal levels (76).

The lowest recorded number of completions was in quarter 3, 2014, when just 12 new builds were completed in the city and county.

In the first three months of this year, a total of 98 homes were completed as part of housing schemes, 30 more were completed as part of single developments, with four more completed as part of apartment developments.

The CSO use the ESB Networks new domestic connections as their primary source for new dwellings completions figures.

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