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The CSO have published the latest planning permission approvals for Q3 2023. They show an annual increase of 43% in the total number of dwelling units approved compared to the same quarter for 2022.
The breakdown between dwelling units in Q3 of this year between houses and apartments was 4,859 and 4,803 respectively. This almost even split highlights the increase in the number of apartments that have been granted permission, representing a 105% increase compared to Q2 2022. For houses, there has been an increase in 10%.
The latest figures represent a positive indication of future housing supply, which is much needed given the worrying outlook reported by the CSO for Q2 2023, which saw a decrease in approvals of 23%. Whilst the high proportion of apartments which have been granted planning permission will aid supply issues for high density housing, there are ongoing viability challenges posed with the delivery of these schemes, with the cost of housing in the Greater Dublin area increasing by 24% compared to 2020 as outlined in the latest SCSI report. This will have a continued impact on the delivery of such schemes going forward.
The full figures and CSO commentary can be found here: https://www.cso.ie/en/releasesandpublications/ep/p-pp/planningpermissionsquarter32023/