‘ HOUSING SUPPLY COORDINATION TASK FORCE ( DUBLIN ) Q1 2023 RESULTS ’
The Dublin Housing Taskforce returns for Q1 2023 have recently been published . Overall , they indicate that there has been an overall increase in the cumulative number of units permitted planning permission of 19 % ( 18,303 in total ) when compared to Q1 2022 .
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The IHBA analysis of the figures indicate the growing challenge with apartment funding and viability which we raised in 2022 . This Q1 analysis by the Taskforce reinforces the significant challenges with apartment viability and we hope that some of the schemes recently announced by the Government including Project Tosaigh 2 , the STAR scheme and Croi Conaithe 2 will enhance apartment viability . The recent Development Charges waiver and Water Connection rebate schemes , the first reduction in soft costs in many years , should also assist .
Key findings are set out below :
• There was a slight decrease in the number of units built to date , at 0.8 %.
• There was a decrease of 2.9 % in the total number of units under construction compared to the previous year ; this may be due to the impact the planning system is having on reaching decisions and therefore resulting in reduced start on sites .
• 2023 represents the third consecutive quarter where there have been a greater number of apartments under construction compared to houses under construction . Q1 2023 saw an increase of 2.6 % compared to Q1 2022 . This likely reflects density requirements within the Dublin area . We anticipate that these figures may start to decline in the future reflecting the viability concerns home builders have with apartment delivery .
• Active sites across Dublin in Q1 2023 have , overall , decreased by 8.5 % compared to the same period for 2022 . As mentioned , we may see this as the start of an overall trend moving away from apartment delivery over the coming years due to funding and planning permission concerns .
• Development potential refers to the number of planning permissions which have not yet commenced on site . There has been an increase in the total permitted but not commenced figure for both apartments and houses .
• Planning applications awaiting decisions have increased by 65.8 % in the number of Tier 2A residential units . This raises concerns about the planning systems ability to process planning applications ; and the Government ’ s recent commitments to improving resourcing in the planning system is therefore very much welcomed .
Read the 2023 returns setting out the details for the four Dublin local authorities .