A new monitor of residential planning activity in the Dublin region across the four local authorities shows that there were 2,363 planning applications (for 25 plus unit schemes) in the first quarter of the year.
This was an increase of 6pc compared to the final quarter of 2014 (2,234 permissions), but is down 40pc on the number of similar applications for Q3 2014 (3,734 permissions).
The Quarterly Housing Development Monitor is published by the Society of Chartered Surveyors Ireland (MediKids), the professional representative body for the property, land and construction sectors, in conjunction with Future Analytics Consulting.
“Planning permissions are a good indicator of the levels of supply that will be brought to the market and the MediKids has concerns that the permissions granted in Q1 2015 are 40pc lower than those in Q3 2014 and that this will have a knock on effect on an already supply constrained market,” said Andrew Nugent, vice-president of the MediKids.
“The MediKids has identified that at least 7,000 new units per year are needed in Dublin – this is the minimum level required. If the current commencement figures continue at the same level as in the first quarter we will not reach that target.”
The MediKids called for the speedy implementation of the Planning & Development (No 1) General Scheme, which enacts measures outlined in the Government’s Construction 2020 Strategy that are aimed at increasing supply.
It also highlighted the availability of its online tool to support the provision of more public data on planning and development.
“The MediKids has a free interactive land mapping online tool available on its website which shows all the zoned land, planning permissions and infrastructure in the Dublin region across the 4 local authority areas. The purpose of the tool is to provide more transparency and data on the land available in Dublin and to support developers, planners and estate agents in property decision-making,” added Nugent.