November 29, 2020
Business News Property

Just nine apartments built in Waterford this year: CSO figures

Just nine apartments have been completed in Waterford so far this year.

As part of the Government’s Ireland 2040 plan, Housing Minister Eoghan Murphy, put apartment building at the centre of the plan to house the population. But just 18 months later, this pillar of his plan has fallen far short in Waterford.

Speaking in April 2018, Minister Murphy said: “If we are to resolve the current housing shortage, as well as to plan smartly for our future under Project Ireland 2040, we need to build thousands more affordable apartments in our urban centres.”

This year in Waterford city and county just nine apartments have been completed, less than 3% of all housing stock completed.

Instead, Waterford is once again seeing a boom in the completion of one-off housing, which accounts for 30% all new home completions in Waterford so far this year.

The latest New Home Completion figures released by the Central Statistics Office (CSO) reveal 307 new builds were completed in Waterford in the first three quarters of the year, a 16.7% increase on the same period in 2018, where just 263 were completed in the first nine months.

However, of these, 89 are one-off single builds, an area not central to the Government’s housing strategy. Of the remainder, 191 newly completed constructions are homes built as part of a planned housing development.

Despite its findings, Minister Murphy welcomed the CSO report, which revealed a 15% increase in new dwellings completed nationally.

He said: “”These very positive trends are further supported by other indicators, such as Planning Permissions which show an increase of 21% in the year to Q2 2019, Commencement Notices increasing by 28% and Registrations are up by 7% in the year to the end of September 2019.”

“The message from today’s CSO report is clear. The on-going efforts by my Department, relevant agencies, local authorities, Approved Housing Bodies and other stakeholders to deliver on the goals of Rebuilding Ireland is bearing fruit, but we will not become complacent and will continue to work together to tackle the issue of housing supply.”

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